Press release
Omnichannel Retail Commerce Market was valued at USD 4.86 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 14.53% over the forecast period.
Omnichannel Retail Commerce Market
The report identifies the rapid adoption of e-commerce as a key driver for the global Omnichannel Retail Commerce Market. With increasing internet penetration and smartphone adoption, online sales are on a strong growth trajectory. The retail industry has recognized the importance of omnichannel commerce platforms in providing a seamless shopping experience, leading to increased sales and revenue. However, the high cost of installing software and setting up omnichannel systems, as well as the complexity of supply chains, pose challenges to market growth.
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The report also highlights the significant impact of omnichannel retail commerce on revenue and customer loyalty. Businesses that employ omnichannel tactics have a 91% higher year-over-year client retention rate. The integration of digital payments, social media shopping, and shoppable videos are identified as key trends shaping the future of the Omnichannel Retail Commerce Market.
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What are Omnichannel Retail Commerce Market Dynamics?
Omnichannel retail commerce is a multichannel sales strategy that aims to provide a seamless customer experience across various channels, whether online, on a laptop, or in a physical store. The report highlights that more than 73% of customers worldwide use multiple channels during their purchasing journey, emphasizing the importance of an effective omnichannel strategy.
The research reveals that organizations with a strong omnichannel strategy retain more than 89% of their consumers compared to those without one. Moreover, companies that implement an omnichannel customer engagement strategy have experienced a 9.5% increase in annual revenue, outperforming those that do not.
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What is Omnichannel Retail Commerce Market Regional Insight?
Regionally, North America accounted for the largest market share in 2021, driven by high digitization levels and a surge in online sales. The Asia Pacific region is expected to witness rapid growth during the forecast period, fueled by increased internet penetration, a growing e-commerce sector, and the adoption of click and collect systems.
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What is Omnichannel Retail Commerce Market Segmentation?
by Deployment
• SaaS
•On-premise
by Solution
• E-Commerce
• Order management
• Point of sales
• Retail order broker cloud
• CRM
• Warehouse management
• Others
by End User
• Apparel & footwear
• FMCG
• Consumer Electronics
• Others
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Who are Omnichannel Retail Commerce Market Key Players?
• Cognizant Technology Solutions Corp
• IBM Corporation
• Salesforce.com
• NCR Corporation
• SAP SE
• Oracle Corporation
• Diebold Nixdorf AG
• Infosys Ltd
• Toshiba Corporation
• Infor Global Solutions Inc
• iVend Retail
• Dunnhumby
• Retail pro international
• SEPHORA
• SAP SE
• Aptos, Inc.
• Fujitsu Limited
• HCL Technologies Limited
• Microsoft Corporation
Table of content for the Omnichannel Retail Commerce Market includes:
1. Global Omnichannel Retail Commerce Market: Research Methodology
2. Global Omnichannel Retail Commerce Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Omnichannel Retail Commerce Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Omnichannel Retail Commerce Market Segmentation
• Global Market, by Deployment(2021-2029)
• Global Market, by Solution(2021-2029)
• Global Market, by End User(2021-2029)
5. Regional Omnichannel Retail Commerce Market(2021-2029)
• Regional Market, by Deployment(2021-2029)
• Regional Market, by Solution(2021-2029)
• Regional Market, by End User(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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