Multichannel Order Management Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Component ; By Application ; By Organization Size ; By Deployment Mode ; By Vertical ; By Region

Description

Global Multichannel Order Management Market Size Set to Cross USD 5.3 Billion by 2029

Global multichannel order management market is flourishing owing to growing retail and online shopping sectors, technology advancements in digital transformation, increasing smartphone usage globally, rising internet users, and the use of various sales channels by several enterprises across the world.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global multichannel order management market size at USD 2,706.25 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global multichannel order management market size to grow at a significant CAGR of 9.4% reaching a value of USD 5,324.04 by 2029. The market growth is fueled by the expanding retail and e-commerce industries as well as the expanding number of internet users. The growth of multichannel selling is one of the additional factors fostering market expansion. Demands for scalability are rising as businesses become more flexible and agile. Businesses now need to implement multichannel order management (MOM) because of the rise in multichannel selling. Global demand for multichannel order management is rising as a result of these systems' low cost compared to conventional ones. However, lack of data safety is anticipated to restrain the overall market growth.

Global Multichannel Order Management Market - Overview:

Business-to-business software called a multi-channel order management solution (MOM) enables different dealers to promote and sell their products online. Most multichannel requests for the executive's arrangements are specifically made to assist in combining orders from different channels into a single list and posting the most recent costs across all business diverts during cost changes. The executive's arrangements are used by the board to conduct business as well as some multichannel requests for necessities. To effectively attract customers and expand their clientele, businesses, particularly those in the retail industry, are implementing cutting-edge technologies like big data analysis, computerized stores, distributed computing, and web-based media organizations.

Opportunity: Rapidly growing digital retail and e-commerce industries

Digital media, with its massive consumer reach, has played a critical role in transforming the retail industry. Consumers are becoming more selective about when and how brands can reach them. With the world's retail and e-commerce markets rapidly expanding, there is a growing demand for multichannel order management solutions, primarily for scaling all functions and orders at every granular level, which assists organizations in forming efficient system optimization and organization.

Challenge: Inadequate data security

It is critical to consider the security and confidentiality of corporate data when reducing new technology. Businesses will seek increased confidentiality and security as IoT and cloud technology proliferate to protect against cyberattacks and security issues. As cloud-based and IoT-enabled services become more popular, the issue of information security and privacy becomes more serious. Security and confidentiality concerns are expected to grow as more IoT-enabled devices enter the market and become more vulnerable to hazards and attacks. Handheld devices can aid in the retrieval of corporate data. It is necessary to properly implement digital advance technology as well as appropriate information security protection.

Impact of COVID-19 on Global Multichannel Order Management Market

Warehouses all over the world were significantly impacted by the COVID-19 pandemic. The virus quickly spread throughout the world, causing a rippling effect. An outbreak or a hold-up in transportation that happened in one area of the world affected the entire world, forcing warehouses to close or completely halt or delay supply. The world's supply chain was unable to keep up with the virus's rapid spread. The massive expansion of eCommerce was not sparked by the COVID-19 pandemic, but it was the reason for the recent rise in demand. Distribution across all channels increased significantly as a result. The strategy used by warehouses changed from picking products for end users to accepting full cases for retail locations; they also had to deal with a variety of delivery options.

Global Multichannel Order Management Market - By Organization Size:

The global multichannel order management market is divided into two segments based on organization size: Large Enterprises and SMEs. Large enterprises are expected to dominate the market during the forecast period. Every large organization that is rapidly expanding must overcome the challenge of managing orders across multiple channels. The main challenges early on are marketing and product design. Managing large order volumes across multiple channels while maintaining a high level of customer service is a new concern for emerging brands. As large enterprises use innovative processes and merchandising techniques such as pre-orders, bundling, and geo-routing orders across an increasing number of channels, this becomes increasingly difficult. As a result, the multichannel order management industry has benefited from increased demand for pre-sales and multi-channel management.

Competitive Landscape:

Global multichannel order management market is fiercely competitive. Prominent players in the market include 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., Newfold Digital Inc., Oracle Corp., Sage Group Plc, Salesforce.com Inc., SalesWarp, SellerActive Inc., Selro Ltd., Vinculum Solutions Pvt. Ltd, and Zoho Corp. Pvt. Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global Multichannel Order Management Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Multichannel Order Management Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Multichannel Order Management Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23114

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Multichannel Order Management Market Insights

3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
  - 3.1.2.1. Growth in Multichannel Selling
  - 3.1.2.2. Rising Internet Users
- 3.1.3. Restraints
  - 3.1.3.1. Lack of Data Safety
- 3.1.4. Opportunities
  - 3.1.4.1. Advancement in Technology
- 3.1.5. Challenges
  - 3.1.5.1. Data Gaps and Inconsistencies
3.2. Technological Advancement/Recent Developments
3.3. Regulatory Framework
3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry

4. Global Multichannel Order Management Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Component
  - 4.2.1.1. Software
  - 4.2.1.2. Services
- 4.2.2. By Application
  - 4.2.2.1. Order Fulfillment
  - 4.2.2.2. Inventory Management
  - 4.2.2.3. Channel Integration
  - 4.2.2.4. Workflow Automation
  - 4.2.2.5. Integrated POS
- 4.2.3. By Organization Size
  - 4.2.3.1. Large Enterprises
  - 4.2.3.2. SMEs
- 4.2.4. By Deployment Mode
  - 4.2.4.1. On-premises
  - 4.2.4.2. Cloud
- 4.2.5. By Verticals
  - 4.2.5.1. Retail
  - 4.2.5.2. Ecommerce & Wholesale Manufacturing
  - 4.2.5.3. Transportation &, Logistics
- 4.2.6. By Region
  - 4.2.6.1. North America
  - 4.2.6.2. Europe
  - 4.2.6.3. Asia Pacific (APAC)
  - 4.2.6.4. Latin America
  - 4.2.6.5. Middle East and Africa (MEA)

5. North America Multichannel Order Management Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Component
- 5.2.2. By Application
- 5.2.3. By Organization Size
- 5.2.4. By Deployment Mode
- 5.2.5. By Verticals
- 5.2.6. By Country
  - 5.2.6.1. US
  - 5.2.6.1.1. By Component
  - 5.2.6.1.2. By Application
  - 5.2.6.1.3. By Organization Size
  - 5.2.6.1.4. By Deployment Mode
  - 5.2.6.1.5. By Verticals
  - 5.2.6.2. Canada
  - 5.2.6.2.1. By Component
  - 5.2.6.2.2. By Application
  - 5.2.6.2.3. By Organization Size
  - 5.2.6.2.4. By Deployment Mode
  - 5.2.6.2.5. By Verticals

6. Europe Multichannel Order Management Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Application
- 6.2.3. By Organization Size
- 6.2.4. By Deployment Mode
- 6.2.5. By Verticals
- 6.2.6. By Country
  - 6.2.6.1. Germany
  - 6.2.6.1.1. By Component
  - 6.2.6.1.2. By Application
  - 6.2.6.1.3. By Organization Size
  - 6.2.6.1.4. By Deployment Mode
  - 6.2.6.1.5. By Verticals
  - 6.2.6.2. UK
  - 6.2.6.2.1. By Component
  - 6.2.6.2.2. By Application
  - 6.2.6.2.3. By Organization Size
  - 6.2.6.2.4. By Deployment Mode
  - 6.2.6.2.5. By Verticals
  - 6.2.6.3. Italy
  - 6.2.6.3.1. By Component
  - 6.2.6.3.2. By Application
  - 6.2.6.3.3. By Organization Size
  - 6.2.6.3.4. By Deployment Mode
  - 6.2.6.3.5. By Verticals
  - 6.2.6.4. France
  - 6.2.6.4.1. By Component
  - 6.2.6.4.2. By Application
  - 6.2.6.4.3. By Organization Size
  - 6.2.6.4.4. By Deployment Mode
  - 6.2.6.4.5. By Verticals
  - 6.2.6.5. Spain
  - 6.2.6.5.1. By Component
  - 6.2.6.5.2. By Application
  - 6.2.6.5.3. By Organization Size
  - 6.2.6.5.4. By Deployment Mode
  - 6.2.6.5.5. By Verticals
  - 6.2.6.6. The Netherlands
  - 6.2.6.6.1. By Component
  - 6.2.6.6.2. By Application
  - 6.2.6.6.3. By Organization Size
  - 6.2.6.6.4. By Deployment Mode
  - 6.2.6.6.5. By Verticals
  - 6.2.6.7. Rest of Europe
  - 6.2.6.7.1. By Component
  - 6.2.6.7.2. By Application
  - 6.2.6.7.3. By Organization Size
  - 6.2.6.7.4. By Deployment Mode
  - 6.2.6.7.5. By Verticals

7. Asia Pacific Multichannel Order Management Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Application
- 7.2.3. By Organization Size
- 7.2.4. By Deployment Mode
- 7.2.5. By Verticals
- 7.2.6. By Country
  - 7.2.6.1. China
  - 7.2.6.1.1. By Component
  - 7.2.6.1.2. By Application
  - 7.2.6.1.3. By Organization Size
  - 7.2.6.1.4. By Deployment Mode
  - 7.2.6.1.5. By Verticals
  - 7.2.6.2. India
  - 7.2.6.2.1. By Component
  - 7.2.6.2.2. By Application
  - 7.2.6.2.3. By Organization Size
  - 7.2.6.2.4. By Deployment Mode
  - 7.2.6.2.5. By Verticals
  - 7.2.6.3. Japan
  - 7.2.6.3.1. By Component
  - 7.2.6.3.2. By Application
  - 7.2.6.3.3. By Organization Size
  - 7.2.6.3.4. By Deployment Mode
  - 7.2.6.3.5. By Verticals
  - 7.2.6.4. South Korea
  - 7.2.6.4.1. By Component
  - 7.2.6.4.2. By Application
  - 7.2.6.4.3. By Organization Size
  - 7.2.6.4.4. By Deployment Mode
  - 7.2.6.4.5. By Verticals
  - 7.2.6.5. Australia & New Zealand
  - 7.2.6.5.1. By Component
  - 7.2.6.5.2. By Application
  - 7.2.6.5.3. By Organization Size
  - 7.2.6.5.4. By Deployment Mode
  - 7.2.6.5.5. By Verticals
  - 7.2.6.6. Indonesia
  - 7.2.6.6.1. By Component
  - 7.2.6.6.2. By Application
  - 7.2.6.6.3. By Organization Size
  - 7.2.6.6.4. By Deployment Mode
  - 7.2.6.6.5. By Verticals
  - 7.2.6.7. Malaysia
  - 7.2.6.7.1. By Component
  - 7.2.6.7.2. By Application
  - 7.2.6.7.3. By Organization Size
  - 7.2.6.7.4. By Deployment Mode
  - 7.2.6.7.5. By Verticals
  - 7.2.6.8. Singapore
  - 7.2.6.8.1. By Component
  - 7.2.6.8.2. By Application
  - 7.2.6.8.3. By Organization Size
  - 7.2.6.8.4. By Deployment Mode
  - 7.2.6.8.5. By Verticals
  - 7.2.6.9. Philippines
  - 7.2.6.9.1. By Component
  - 7.2.6.9.2. By Application
  - 7.2.6.9.3. By Organization Size
  - 7.2.6.9.4. By Deployment Mode
  - 7.2.6.9.5. By Verticals
  - 7.2.6.10. Vietnam
  - 7.2.6.10.1. By Component
  - 7.2.6.10.2. By Application
  - 7.2.6.10.3. By Organization Size
  - 7.2.6.10.4. By Deployment Mode
  - 7.2.6.10.5. By Verticals
  - 7.2.6.11. Rest of APAC
  - 7.2.6.11.1. By Component
  - 7.2.6.11.2. By Application
  - 7.2.6.11.3. By Organization Size
  - 7.2.6.11.4. By Deployment Mode
  - 7.2.6.11.5. By Verticals

8. Latin America Multichannel Order Management Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Application
- 8.2.3. By Organization Size
- 8.2.4. By Deployment Mode
- 8.2.5. By Verticals
- 8.2.6. By Country
  - 8.2.6.1. Brazil
  - 8.2.6.1.1. By Component
  - 8.2.6.1.2. By Application
  - 8.2.6.1.3. By Organization Size
  - 8.2.6.1.4. By Deployment Mode
  - 8.2.6.1.5. By Verticals
  - 8.2.6.2. Mexico
  - 8.2.6.2.1. By Component
  - 8.2.6.2.2. By Application
  - 8.2.6.2.3. By Organization Size
  - 8.2.6.2.4. By Deployment Mode
  - 8.2.6.2.5. By Verticals
  - 8.2.6.3. Argentina
  - 8.2.6.3.1. By Component
  - 8.2.6.3.2. By Application
  - 8.2.6.3.3. By Organization Size
  - 8.2.6.3.4. By Deployment Mode
  - 8.2.6.3.5. By Verticals
  - 8.2.6.4. Peru
  - 8.2.6.4.1. By Component
  - 8.2.6.4.2. By Application
  - 8.2.6.4.3. By Organization Size
  - 8.2.6.4.4. By Deployment Mode
  - 8.2.6.4.5. By Verticals
  - 8.2.6.5. Rest of LATAM
  - 8.2.6.5.1. By Component
  - 8.2.6.5.2. By Application
  - 8.2.6.5.3. By Organization Size
  - 8.2.6.5.4. By Deployment Mode
  - 8.2.6.5.5. By Verticals

9. Middle East & Africa Multichannel Order Management Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Application
- 9.2.3. By Organization Size
- 9.2.4. By Deployment Mode
- 9.2.5. By Verticals
- 9.2.6. By Country
  - 9.2.6.1. Saudi Arabia
  - 9.2.6.1.1. By Component
  - 9.2.6.1.2. By Application
  - 9.2.6.1.3. By Organization Size
  - 9.2.6.1.4. By Deployment Mode
  - 9.2.6.1.5. By Verticals
  - 9.2.6.2. UAE
  - 9.2.6.2.1. By Component
  - 9.2.6.2.2. By Application
  - 9.2.6.2.3. By Organization Size
  - 9.2.6.2.4. By Deployment Mode
  - 9.2.6.2.5. By Verticals
  - 9.2.6.3. Qatar
  - 9.2.6.3.1. By Component
  - 9.2.6.3.2. By Application
  - 9.2.6.3.3. By Organization Size
  - 9.2.6.3.4. By Deployment Mode
  - 9.2.6.3.5. By Verticals
  - 9.2.6.4. Kuwait
  - 9.2.6.4.1. By Component
  - 9.2.6.4.2. By Application
  - 9.2.6.4.3. By Organization Size
  - 9.2.6.4.4. By Deployment Mode
  - 9.2.6.4.5. By Verticals
  - 9.2.6.5. South Africa
  - 9.2.6.5.1. By Component
  - 9.2.6.5.2. By Application
  - 9.2.6.5.3. By Organization Size
  - 9.2.6.5.4. By Deployment Mode
  - 9.2.6.5.5. By Verticals
  - 9.2.6.6. Nigeria
  - 9.2.6.6.1. By Component
  - 9.2.6.6.2. By Application
  - 9.2.6.6.3. By Organization Size
  - 9.2.6.6.4. By Deployment Mode
  - 9.2.6.6.5. By Verticals
  - 9.2.6.7. Algeria
  - 9.2.6.7.1. By Component
  - 9.2.6.7.2. By Application
  - 9.2.6.7.3. By Organization Size
  - 9.2.6.7.4. By Deployment Mode
  - 9.2.6.7.5. By Verticals
  - 9.2.6.8. Rest of MEA
  - 9.2.6.8.1. By Component
  - 9.2.6.8.2. By Application
  - 9.2.6.8.3. By Organization Size
  - 9.2.6.8.4. By Deployment Mode
  - 9.2.6.8.5. By Verticals

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Multichannel Order Management Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Multichannel Order Management Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Algopix Holdings Ltd.
12.2. Browntape Technologies Pvt. Ltd.
12.3. Cloud Commerce Group Ltd.
12.4. Constellation Software Inc.
12.5. Delhivery Pvt. Ltd.
12.6. GeekSeller LLC
12.7. HCL Technologies Ltd.
12.8. International Business Machines Corp.
12.9. Linnworks Software Inc.
12.10. Newfold Digital Inc.
12.11. Oracle Corp.
12.12. Sage Group Plc
12.13. Salesforce.com Inc.
12.14. SalesWarp
12.15. SellerActive Inc.
12.16. Selro Ltd.
12.17. Vinculum Solutions Pvt. Ltd,
12.18. Zoho Corp. Pvt. Ltd.
12.19. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations