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Multichannel Order Management Market by Solution, Deployment Type, Organization Size, Industry Vertical And Region - Global Forecast to 2023

Multichannel Order Management Market: Global Forecast until 2023

  • July 2018
  • 135 pages
  • ID: 5477767
In this report:
The software segment is expected to have the larger market size during the forecast period and is projected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.
The global multichannel order management market is expected to grow from USD ##.## billion in 2018 to USD ##.## billion by 2023, at a Compound Annual Growth Rate (CAGR) of ##.##% during the forecast period.


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The booming retail and eCommerce market is driving the increase of the multichannel order management market.

The overall multichannel order management market size is forecasted to grow from ~$1.5B in 2018 to ~$2.4B by 2023, at a Compound Annual Increase rate of 10.80 percent during the forecast period. Digital transformation, proliferation of smartphone and internet users, and multiple sale channels are some of the factors projected to drive the multichannel order management market. Nevertheless, security and privacy concerns may act as the restraining factor for the increase ot the multichannel order management market.

The cloud deployment type is intended to have the largest portion of market share during the outlook period".

The cloud deployment type is forecasted to have the biggest share of the multichannel order management market during forecast horizon. Cloud-based solutions have witnessed a greater demand as a result of their wide range of functionalities, including pay-per-use model, flexibility, ease in accessibility, faster setup time, multiuser support, and low installation and maintenance costs.

The retail, eCommerce, and wholesale sector vertical is anticipated to hold the largest part of market share during the estimate period.

Among all verticals, the retail, eCommerce, and wholesale market vertical is anticipated to hold the biggest market share during projection period.The increase in multiple sales channels among retail, eCommerce, and wholesale firms has made it necessary to have a greater visibility across the entire order process life cycle.

Accordingly, the need for real-time updates associated to the tracking, managing, and processing of orders has resulted in an increased demand for multichannel order management solutions.

Asia Pacific (APAC) is anticipated to rise at the highest compound annual growth rate (CAGR) during the outlook period.

In terms of rise rate, Asia-Pacific is anticipated to grow at the maximum growth rate.The APAC area is forecast to register continuous increase during the forecast period primarily due to advancements in several industry verticals, that is, retail and eCommerce, healthcare, manufacturing, and food & beverage.

Presently, most organizations are fairly behind the curve in leveraging multichannel order management platform, but this is anticipated to change because of the availability of low-cost, cloud-based multichannel order management solutions. Territories that are anticipated to constitute a main portion of the market contain China (CN), India (IN), Japan (JP), South Korea (KR), and Australia (AU).

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives from numerous main institutions operating in the multichannel order management market.

The breakup of the profiles of primary members taking part is presented below:

• By Organization: Tier 1 - 25.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 40.0 percent

• By Description: C-suite - 45.0 percent, D-level - 51.0 percent, and Others - 4.0 percent

• By Area: North America continent - 39.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 30.0 percent, and Rest of the globe - 6.0 percent

Segment Research

The multichannel order management market has been broken down by solution (software and services), deployment type, organization size, market vertical, and area. An in-depth study of the main industry actors has been done to furnish business insights into their sector overview; services; top strategies; new service launches; alliances, strategic agreements, and collaborations; business developments; and opposing landscape combined with the overall multichannel order management market.

Reasons to Buy the Report

The market research will facilitate industry top players/new sector entrants in these ways:

• The document breaks down the multichannel order management market comprehensively and offers the closest approximations to the revenue numbers for the global market and sub-segments across different areas.

• The report is expected to benefit partners distinguish the pulse of the sector and offer info on the main market drivers, market restraints, opportunities, and alternatives.

• The report is expected to benefit partners comprehend their players better and acquire additional insights to improve their rank in the sector. The competitive outlook section includes competitor landscape, new services developments, alliances, and acquisitions.

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