Multichannel Order Management Market: Current Analysis and Forecast (2022-2028)

The global multichannel order management market is expected to grow at a significant rate of around 11% during the forecast period. Multichannel order management is how retailers keep all orders and inventory control from multiple sales channels under one umbrella. The rising number of online websites, social media platforms, and the rising number of retail stores is attributed to the market growth of multichannel order management. The rising number of online shopping platforms along with the increasing number of internet users are also driving the growth of the multichannel management market. Furthermore, companies are becoming more flexible and innovative, and the need for scalability increases. Hence, opens opportunities for multichannel order management.

IBM Corporation., Oracle Corporation, HCL Technologies Ltd, SAP SE, Salesforce Inc., Zoho Corporation, Brightpearl Inc, Selro Ltd., Vinculum Solutions Pvt. Ltd, and Freestyle Solutions are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst Component, services category to witness higher CAGR during the forecast period"

Based on the component, the market has been categorized into software and services. Among them, the service segment is expected to have significant growth in the market. Services form an integral part of multichannel order management that includes training, maintenance, and consultation. Furthermore, the rising adoption of innovative approaches in businesses also catalyzes the segmental growth of multichannel order management.

"Amongst Deployment mode, cloud segment to hold a significant share in the market in 2020"

Based on the deployment mode, the market has been categorized into cloud and on-premises. Among them, the cloud segment is expected to have significant growth in the market during the forecast period. The cloud-based systems are designed to be intuitive and to integrate with other solutions to streamline as much of the order management process as possible. Furthermore, cloud-based systems are online and can be used from anywhere. Hence, the market for cloud multichannel order management increases.

"Amongst Vertical, healthcare segment to hold a significant share in the market in 2020"

Based on the vertical, the market has been categorized into retail & e-commerce, food & beverage, healthcare, and others. Among them, the healthcare segment is expected to have significant growth in the market during the forecast period. The rising demand for a fast and efficient system to manage the growing number of patients is attributed to the segmental growth of the healthcare industry in the multichannel order management market.

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the multichannel order management industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. In 2020, North America held a significant share of the global multichannel order management market. The presence of emerging economies along with the presence of major IT companies in the region is responsible for the market growth of multichannel order management. Furthermore, the rising number of online and offline stores also catalyzes the growth of the multichannel order management market in the region.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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