Retail Omni-Channel Commerce Platform Market is projected to reach a revised size of US$23.9 Billion by 2032 -Cognizant, NCR, Oracle, IBM, SAP, Toshiba, Diebold Nixdorf, Infosys, Infor

Global market for Retail Omni-Channel Commerce Platform estimated at US$6.12 Billion in the year 2021, is projected to reach a revised size of US$23.9 Billion by 2032, growing at a CAGR of 18.4% over the analysis period 2020-2032. eCommerce, one of the segments analyzed in the report, is projected to record a 16.8% CAGR and reach US$9.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Order Management segment is readjusted to a revised 11.5% CAGR for the next 7-year period..

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 21.3% CAGR

The Retail Omni-Channel Commerce Platform market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2027 trailing a CAGR of 21.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 14.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Other Solutions Segment to Record 17.8% CAGR

In the global Other Solutions segment, USA, Canada, Japan, China and Europe will drive the 16.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$3.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027, while Latin America will expand at a 19.6% CAGR through the analysis period.

Some of the Major Key players profiled in the study are Cognizant, NCR, Oracle, IBM, SAP, Toshiba, Diebold Nixdorf, Infosys, Infor

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Asia-Pacific region is expected to dominate the market over the forecast period owing to the increasing focus on the research, development, and manufacturing of Retail Omni-Channel Commerce Platform in countries including China, Japan, India, and South Korea.

Market Dynamics:

Drivers:
Growing adoption of e-commerce for convenient online shopping purposes and increasing adoption of smartphones and tablets are the major key factors that drive the market. The multi-channel approach by retailers with enhanced operational efficiency leads to increased sales and thus rapidly increases their profits.

An advantage of knowing customer behavior and purchasing habits by the retailer is that it reduces the store traffic, and lessens their expenses which leads to boost the growth of the market. The rising adoption of mobile phones leads to an increase in e-commerce and thus rises the demand over the market. Large-scale penetration of the internet has an overall impact on the retail industry and is boosting the e-commerce market.

Restraint:
Installation of software and setting up of omnichannel retail commerce platforms is demanding high prices which hinders the market growth. The complexity in the supply chain is hampering the market growth.

Opportunities:
Due to the growing advanced technologies and easy availability of necessary resources, small and medium-sized retailers are expected to invest in this software which may boost the growth of the market. This platform is used in multiple fields and has a wide scope of omnichannel retail commerce platform opportunities to accelerate the demand for the ORCP market.

Challenges:
Inventory management and allocation end up being prioritized along the most active channels, but there is a risk of missing orders from other, less, frequent channels is one of the challenging factors to the market. The huge amount of stock order by overestimating potential sales can be dangerous and maybe the other challenging factor that hampers the growth of the market.

Study Objectives -

To provide detailed information about the omnichannel retail commerce platform market structure along with various forecast segments and sub-segments for the next 10 years.

To provide the factors that are affecting the growth of the omnichannel retail commerce platform market value.

To analyze the omnichannel retail commerce platform market industry analysis based on porter's five force analysis, factors-price analysis, supply chain analysis, etc.

To provide history and forecast revenue segments and sub-segments of the main geographies' omnichannel retail commerce platform market revenue.

To provide the country-level analysis of the current omnichannel retail commerce platform market size and future prospective.

To provide country-level analysis of the omnichannel retail commerce platform market growth by region, form, and application.

To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global omnichannel retail commerce platform market growth landscape.

To track and analyze new product developments, strategic alliances, and global omnichannel retail commerce platform market research.

Segment Overview:

The global omnichannel retail commerce platform market report has been divided into segments based on deployment, solution, vertical, and region.

Based on deployment
The omnichannel retail commerce platform business based on deployment is classified into two types as SaaS platform and On-Premise deployment mode.

Based on Solution
The global omnichannel retail commerce platform by solution is bifurcated into various solutions such as Order management, e-commerce, warehouse management, point of sales, retail order broker cloud service, CRM, and others. Among them, e-commerce accounts for the largest market share.

Based on Vertical
Based on vertical, the omnichannel retail commerce platform segments into FMCG, apparel & footwear, consumer electronics, and others. Consumer electronics is holding the largest market share.

Based on Region
The global omnichannel retail commerce platform is region-wise divided into Europe, Asia-Pacific, North America, and the rest of the world. Due to the high level of digitization North America is expected to have the largest market share.

Report Objectives:

Studying the size of the Retail Omni-Channel Commerce Platform market based on the value and volume.
Precisely evaluating the market shares and other important factors of Retail Omni-Channel Commerce Platform market.
Analyzing the key dynamics of the Retail Omni-Channel Commerce Platform market.
Discovering the important trends of the Retail Omni-Channel Commerce Platform market on the basis of revenue, production, and sales.
Defining the profile of top players and their status on the global platform
Focusing on the market pricing, product manufacturing, growth drivers, and forecast trends.
Studying the performance and growth of different regions and countries in the Retail Omni-Channel Commerce Platform market.
Estimating the market size and share of all segments, regions, and the market.
Furthermore, the report includes the Retail Omni-Channel Commerce Platform market segments types. The product type and the application segments are extensively explained with the help of year wise numerical and growth rate. The data is represented in tabular and pictorial formats thus enabling clear understanding about the market scenario. Regional analysis includes data for regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Retail Omni-Channel Commerce Platform Market Taxonomy

Retail Omni-Channel Commerce Platform Segmentation by Type:

SaaS, On-Premise.

Retail Omni-Channel Commerce Platform Segmentation by Application:

FMCG, Apparel and Footwear, Consumer Electronics, Hospitality, Others

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e-Commerce solution segment to exhibit considerable growth rate over the forecast period
On the basis of solution, the global retail omni-channel commerce platform market is segmented as e-Commerce, Order Management and Others. e-Commerce is the largest segment in terms of revenue share, estimated to hold about 60% of the global market value share by the end of 2017.

This is however anticipated to dip to about 55% by the end of the forecast period in 2025, resulting in a loss in BPS to the tune of 470 basis points. The e-Commerce segment is estimated to reach a market valuation of US$ 8,305.2 Mn by the end of 2025, registering a CAGR of 18.7% in terms of value during the forecast period 2017 - 2025. However, the Others segment is expected to register high Y-o-Y growth rates throughout the forecast period.

Data provided will help to analyze the future prospects of the Retail Omni-Channel Commerce Platform market.
Segment analysis will help in identifying the untapped opportunities of the Retail Omni-Channel Commerce Platform market.
It will help in identifying the current trends that are ruling the market and how technological advancements will prove useful for further market developments.
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Data Lab Forecast provides the vital historical and analysis data of global Retail Omni-Channel Commerce Platform market.
The report provides the entire assessment of the future market and altering market scenario or behavior.
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The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.
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