PUBLISHER: The Business Research Company | PRODUCT CODE: 1713520
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713520
Assortment and space optimization (ASO) is a strategic approach in retail management aimed at selecting the ideal product mix (assortment) and efficiently using store space to boost sales, profitability, and customer satisfaction. This strategy is applicable across various retail formats, including supermarkets, convenience stores, and specialty retailers, as well as e-commerce platforms where virtual shelf space is managed.
The primary components of ASO include solutions and services. Solutions encompass comprehensive sets of products, services, or a combination thereof designed to tackle specific client problems or needs. Deployments of these solutions can be on-premises or cloud-based, targeting objectives such as revenue maximization, profit margin enhancement, and inventory optimization. These solutions are offered to different sizes of enterprises, including large corporations and small to medium-sized businesses, across various sectors such as retail, consumer packaged goods, manufacturing, and healthcare.
The assortment and space optimization (ASO) market research report is one of a series of new reports from The Business Research Company that provides assortment and space optimization (ASO) market statistics, including assortment and space optimization (ASO) industry global market size, regional shares, competitors with a assortment and space optimization (ASO) market share, detailed assortment and space optimization (ASO) market segments, market trends and opportunities, and any further data you may need to thrive in the assortment and space optimization (ASO) industry. This assortment and space optimization (ASO) market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The assortment and space optimization (ASO) market size has grown rapidly in recent years. It will grow from $1.8 billion in 2024 to $2.01 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the rise of e-commerce, changing consumer preferences, increased competition, increasing technological innovations in inventory management, and increasing demand for personalized shopping experiences.
The assortment and space optimization (ASO) market size is expected to see rapid growth in the next few years. It will grow to $3.1 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to increasing integration of artificial intelligence, increasing focus on sustainability, the rise of real-time data processing, growth in personalized marketing, and increasing development of smart inventory systems. Major trends in the forecast period include AI-driven analytics, omnichannel integration, sustainable practices, real-time data utilization, predictive machine learning, personalized retail experiences, and smart inventory systems.
The growing adoption of e-commerce is expected to drive the expansion of the assortment and space optimization (ASO) market. E-commerce involves conducting transactions for goods or services online and encompasses a wide range of business activities, including retail sales and digital exchanges. The appeal of e-commerce lies in its convenience, enabling consumers to shop anytime and anywhere, which is often more efficient than traditional shopping methods. Effective assortment and space optimization in e-commerce will help businesses manage inventory and product presentation, ensuring that essential items are always available and displayed attractively to enhance sales. For example, in August 2024, the U.S. Census Bureau reported that retail e-commerce sales for the second quarter of 2024 reached $282.3 billion, a 5.3% increase from the first quarter of 2023 and a 6.6% rise compared to the second quarter of 2023. This trend underscores how the growing adoption of e-commerce is fueling the ASO market.
Leading companies in the ASO market are developing advanced solutions such as AI-powered assortment tools to transform product curation for retailers. An AI-powered assortment solution optimizes product selection and distribution in both retail and e-commerce environments. For instance, in July 2024, Dunnhumby Limited, a UK-based customer data science firm, introduced a next-generation assortment solution that uses advanced AI to help retailers refine their product ranges. Key features include hyper-localized assortments tailored to specific customer preferences, an integrated planogram tool that optimizes shelf layouts based on customer behavior, and a streamlined end-to-end process for efficient collaboration. This AI-driven system enhances decision-making and customer experience by accurately predicting product performance and the impact of assortment changes across different locations.
In May 2022, RELEX Solutions, a Finland-based software company, acquired Athena Retail for an undisclosed amount. This acquisition bolsters RELEX's capabilities in providing top-tier space planning and optimization solutions, particularly for omnichannel business models. Athena Retail, based in Italy, offers consulting services to retailers focusing on assortment and space optimization.
Major companies operating in the assortment and space optimization (ASO) market are Microsoft Corporation, Accenture plc, Oracle Corporation, SAP SE, McKinsey & Company Inc., Prologis Inc., Infor Inc., Kantar Group Limited, Nielsen Holdings plc, Blue Yonder Group Inc., RELEX Solutions srl, Symphony Retail AI, Trax Inc., ToolsGroup Inc., Solteq plc, Antuit.ai, Invent Analytics LLC, Jesta I.S. Inc., Houston Analytics Ltd, Cantactix Solutions Inc., DotActiv Ltd
North America was the largest region in the assortment and space optimization (ASO) market in 2024. The regions covered in the assortment and space optimization (ASO) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the assortment and space optimization (ASO) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The assortment and space optimization (ASO) market includes revenues earned by entities by visual merchandising, market research and analysis, and custom solution development. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Assortment And Space Optimization (ASO) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on assortment and space optimization (aso) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for assortment and space optimization (aso) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The assortment and space optimization (aso) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.