PUBLISHER: Polaris Market Research | PRODUCT CODE: 1149983
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1149983
The global multichannel order management market size is expected to reach USD 5.48 billion by 2030 according to a new study by Polaris Market Research. The report "Multichannel Order Management Market Share, Size, Trends, Industry Analysis Report, By Organization Size (SMEs, Large Enterprises); By Component (Software, Services); By Deployment Method; By Vertical; By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global multichannel order management market is primarily driven by growth in retail sales and the online shopping sector, particularly in emerging nations. Additionally, as businesses become more adaptable and agile, the demand for scalability increases, fueling an ongoing rise in multichannel selling and increasing the need for multichannel order management within several verticals.
The market's growth is stimulated due to the growing number of internet users leading to the demand for multichannel order management. Furthermore, as these are less expensive than conventional methods, multichannel order management is becoming increasingly popular worldwide. Scalability and reduced maintenance costs are two benefits of cloud-based technologies that are driving their growth.
Multichannel Order Management Market Report Highlights
The service segment is expected to have a considerable market share in 2021 due to the increasing adoption of multichannel order management software among several enterprises
Order fulfillment is expected to anticipate the largest market share, as the sale is incomplete until the customer receives the purchased things, whether selling to businesses or consumers directly
Large enterprises are supposed to hold significant market share as they may automate, streamline, and reduce costs as much as possible in the fulfillment process by using multichannel order management software
The cloud category is anticipated to experience the quickest growth over the forecast as it offers a wide choice of adaptable and reasonably priced software and services for precise, real-time delivery from inventory channels
Retail, e-commerce, and wholesale accelerated the most considerable market revenue due to the increasing utilization of cloud computing and big data analytics, which benefits operational efficiency, ease in deployment, and enhance the consumer experience
North America acquired the largest market share due to growing technological adoptions, IT organizations, and ongoing projects in this region
The global market is highly competitive owing to the existence of large industry players with global presence Algopix Holdings Ltd., Browntape Technologies Pvt. Ltd., Cloud Commerce Group Ltd., Constellation Software Inc., Delhivery Pvt. Ltd., GeekSeller LLC, HCL Technologies Ltd., International Business Machines Corp., Linnworks Software Inc., ManageEcom, nChannel, Newfold Digital Inc., and Oracle Corp.
Polaris Market Research has segmented the multichannel order management market report based on component, applications, organization size, deployment mode, verticals, and regions:
Multichannel Order Management, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Software
Services
Multichannel Order Management, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Order Fulfilment
Inventory Management
Channel Integration
Workflow Automation
Integrated POS
Multichannel Order Management, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)
Large Enterprises
SMEs
Multichannel Order Management, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
On-premises
Cloud
Multichannel Order Management, Verticals Outlook (Revenue - USD Billion, 2018 - 2030)
Retail, E-commerce, and Wholesale
Manufacturing
Transportation & Logistics
Multichannel Order Management, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Multichannel Order Management Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Component
Figure 7. Global Multichannel Order Management Market, by Component, 2021 & 2030 (USD Billion)
Figure 8. Market by Deployment Mode
Figure 9. Global Multichannel Order Management Market, by Deployment Mode, 2021 & 2030 (USD Billion)
Figure 10. Market by Application
Figure 11. Global Multichannel Order Management Market, by Application, 2021 & 2030 (USD Billion)
Figure 12. Market by Organization Size
Figure 13. Global Multichannel Order Management Market, by Organization Size, 2021 & 2030 (USD Billion)
Figure 14. Market by Verticals
Figure 15. Global Multichannel Order Management Market, by Verticals, 2021 & 2030 (USD Billion)