Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- The "Multichannel Order Management Market by Solution (Software & Services), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical (Retail, Ecommerce, and Wholesale, Manufacturing, & Healthcare), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The booming retail and eCommerce sector is driving the growth of the multichannel order management market.
The global multichannel order management market size is expected to grow from USD 1.46 billion in 2018 to USD 2.44 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.
Digital transformation, proliferation of smartphone and internet users, and multiple sale channels are some of the factors expected to drive the multichannel order management market. However, security and privacy concerns may act as the restraining factor for the growth of the multichannel order management market.
"The cloud deployment type is expected to have the largest market share during the forecast period".
The cloud deployment type is expected to have the largest share of the multichannel order management market during forecast period. Cloud-based solutions have witnessed a greater demand because of their wide range of functionalities, such as pay-per-use model, flexibility, ease in accessibility, faster setup time, multiuser support, and low installation and maintenance costs.
"The retail, eCommerce, and wholesale industry vertical is expected to hold the largest market share during the forecast period."
Among all verticals, the retail, eCommerce, and wholesale industry vertical is expected to hold the largest market share during forecast period. The rise in multiple sales channels among retail, eCommerce, and wholesale companies has made it necessary to have a greater visibility across the entire order process life cycle. Therefore, the need for real-time updates related to the tracking, managing, and processing of orders has resulted in an increased demand for multichannel order management solutions.
"Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period."
In terms of growth rate, APAC is expected to grow at the highest growth rate. The APAC region is expected to register continuous growth during the forecast period mainly due to advancements in various industry verticals, namely, retail and eCommerce, healthcare, manufacturing, and food & beverage. Currently, most organizations are fairly behind the curve in leveraging multichannel order management platform, but this is expected to change because of the availability of low-cost, cloud-based multichannel order management solutions. Countries that are expected to constitute a major portion of the market include China, India, Japan, South Korea, and Australia.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Multichannel Order Management Market
4.2 Market Share of Top 4 Industry Verticals and Regions, 2018
4.3 Market Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Booming Retail and Ecommerce Vertical
5.2.1.2 Growth in Multichannel Selling
5.2.1.3 Low Operational and Initial Costs
5.2.1.4 Rapidly Growing Number of Internet Users
5.2.2 Restraints
5.2.2.1 Security and Privacy Concerns
5.2.3 Opportunities
5.2.3.1 Emerging Potential for Online Sales
5.2.3.2 Increasing Adoption By SMEs
5.2.3.3 Technological Advancements in Machine Learning, Artificial Intelligence, and Augmented Reality
5.2.4 Challenges
5.2.4.1 Lack of Technical Expertise
5.3 Use Cases
6 Multichannel Order Management Market, By Solution
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting Services
6.3.1.2 Integration and Deployment Services
6.3.1.3 Training and Support Services
6.3.2 Managed Services
7 Market By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 On-Premises
8 Multichannel Order Management Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises
9 Market By Industry Vertical
9.1 Introduction
9.2 Retail, Ecommerce, and Wholesale
9.3 Manufacturing
9.4 Healthcare
9.5 Food and Beverage
9.6 Others
10 Multichannel Order Management Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 Middle East and Africa
10.6.1 Middle East
10.6.2 Africa
11 Competitive Landscape
11.1 Overview
11.2 Key Players Operating in the Multichannel Order Management Market
11.3 Competitive Scenario
11.3.1 Partnerships, Agreements, and Collaborations
11.3.2 New Product/Service Launches and Product Enhancement
11.3.3 Mergers and Acquisitions
11.3.4 Business Expansions
12 Company Profiles
12.1 Introduction
12.2 IBM
12.3 HCL
12.4 Oracle
12.5 Salesforce
12.6 SAP
12.7 Brightpearl
12.8 Freestyle Solutions
12.9 Linnworks
12.10 Sanderson
12.11 Zoho
12.12 Browntape
12.13 Channelgrabber
12.14 Cloud Commerce Pro
12.15 Contalog
12.16 Ecomdash
12.17 Etail Solutions
12.18 Geekseller
12.19 Manageecom
12.20 Primaseller
12.21 Saleswarp
12.22 Selleractive
12.23 Selro
12.24 Stitch Labs
12.25 Tradegecko
12.26 Unicommerce
12.27 Vinculum
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