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On-Shelf Availability Solutions Market is expected to register a CAGR of 9.3% during the forecast period 2018 and 2028

12-17-2018 05:47 AM CET | Industry, Real Estate & Construction

Press release from: Future Market Insights

On-Shelf Availability Solutions Market is expected to register

On-shelf availability solutions are the technological tools that help retailers maintain, analyse and monitor the availability of various products in their store. On-shelf availability solutions are generally based on RFID technology & Internet of Things (IoT) sensors, and help in inventory management by monitoring the status of inventory and supply chain. On-shelf availability solutions help reduce out-of-stock situations by identifying potential issues and help in quickly resolving them to improve the overall profit margins.

Increasing retailer investments in the on-shelf availability solutions market expected to boost the market

Increasing technological advancements in the retail sector, increasing collaborations between retailers & suppliers, accurate demand opportunity assessment and the rising need for business automation are some of the major factors fuelling the growth of the on-shelf availability solutions market. However, the risk of unauthorized access to data operating in dynamic environments and the high deployment cost are some of the major challenges that are hampering the growth of the on-shelf availability solutions market.

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Global on-shelf availability solutions market is categorised by component, by deployment type, by application, by end-user and by region

On the basis of component, the on-shelf availability solutions market is segmented into software and services. The revenue contribution from the software segment is expected to grow at a CAGR of 9.4% during the forecast period. On the basis of deployment type, the on-shelf availability solutions market is segmented into on-premise and Software-as-a-Service (SaaS) segments. The SaaS segment is expected to grow at a CAGR of 11.7% in on-shelf availability solutions market during the forecast period. On the basis of application, the on-shelf availability solutions market is segmented into historical data analysis, response time analysis, vendor pattern analysis, potential risk analysis and others. The response time analysis application is expected to hold approximately 31.5% of the market share of the on-shelf availability solutions market in 2028.

On the basis of end-user, the on-shelf availability solutions market is segmented into Consumer Packaged Goods (CPG) manufacturers, retailers, online retailers, suppliers, warehouses and others. The revenue contribution from the supplier segment in the on-shelf availability solutions market is expected to grow at a CAGR of 10.7% during the forecast period.

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