On-Shelf Availability Solutions Market to Witness Huge Growth by 2027 - Atlas Technology, BeMyEye Holdings, IBM, Market6, Retail Solutions, Retail Velocity, SAP SE, Shelfie, Tech Mahindra, Verix

"Market Analysis of Global On-Shelf Availability Solutions Until 2027" is an in-depth and in-depth study of the technology, media and telecommunications sector, with particular attention to market trend analysis world. The report aims to provide an overview of the On-Shelf Availability Solutions market with detailed segmentation of the market by component, type of deployment, industry and region. The global On-Shelf Availability Solutions market is expected to experience strong growth over the forecast period. The report provides key statistics on the state of the main market On-Shelf Availability Solutions market players and presents key market trends and opportunities.

The global on-shelf availability solutions market was valued at US$ 2,447.6 Mn in 2018; it is estimated to grow at a CAGR of 10.7% to reach US$ 6,019.7 Mn by 2027.

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With the increasing competition in the retail industry, ensuring high on-shelf availability has become vital for retailers. Out-of-stock is a significant issue in retailing, which results in lost sales as well as decreasing customer loyalty. The root causes resulting in out-of-stock comprises inventory inaccuracy, unforeseen high demand, restock frequency, and inefficient shelf monitoring. Generally, identification and measurement of the out-of-stock situation are performed through limited visual shelf audits. However, with the advent of advanced technologies, automated methods such as on-shelf availability solutions are noticing huge adoption in the retail industry.

Leading Key Players:

o Atlas Technology
o BeMyEye Holdings
o IBM
o Market6
o Retail Solutions
o Retail Velocity
o SAP SE
o Shelfie
o Tech Mahindra
o Verix

The North American region led the on-shelf availability solutions market in 2018 and is projected to lose its dominance to Europe over the forecast period 2019-2027. The North America on-shelf availability solutions market is propelled by the vast presence of retail stores and significant development in the retail sector. This region is a home for most of the world's largest retailers. Mexico and Canada, each of them, have their own largest retail chains, and both the countries have retail companies that conduct business operations throughout the world. The retail industry is responsible for nearly two-thirds of the US GDP. Some of the largest US retail chains include Walmart, CVS Health, Amazon, Walgreens Boots Alliance, Costco, The Kroger Co., Albertsons Companies, and Target, among others.

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The report segments the global on-shelf availability solutions market as follows:

Global On-Shelf Availability Solutions Market - By Deployment

o On-Premise
o Cloud

Global On-Shelf Availability Solutions Market - By Component

o Solution
o Services

Global On-Shelf Availability Solutions Market - By End User

o CPG Manufacturers
o Retailers
o Suppliers
o Others

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This release was published on openPR.