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E-Merchandising Software Global Market Report 2024 - By Size, Share, Growth And Demand, Forecast To 2033
"The new report published by The Business Research Company, titled E-Merchandising Software Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the e-merchandising software market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The e-merchandising software market size is expected to see rapid growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
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Rising E-Commerce Fuels Surge In E-Merchandising Software Adoption
The expansion of e-commerce is expected to propel the e-merchandising software market. E-commerce refers to the buying and selling goods and services over the Internet, typically facilitated through online platforms and electronic transactions. E-commerce is rising due to the proliferation of online shopping and the increasing demand for digital solutions in the retail market. E-merchandising software enhances the user experience, boosts sales, and improves customer engagement in e-commerce by optimizing product displays, personalizing recommendations, and implementing dynamic pricing strategies. For instance, in April 2023, according to the International Trade Administration, a US-based government agency, e-commerce sales in Canada were around $2.34 billion in March 2022 and are predicted to reach $40.3 billion by 2025. Therefore, the increasing use of e-commerce is driving the growth of the e-merchandising software market.
Monetate Unveils Innovative Digital Merchandising Suite
Major companies operating in the e-merchandising software market are focused on developing innovative technologies, such as Digital Merchandising Suite, to gain a competitive edge in the market. A Digital Merchandising Suite is a comprehensive software solution designed to optimize the online retail experience by enhancing product presentation, promotion, and sales on e-commerce platforms. For instance, in February 2024, Monetate, a US-based software company, unveiled Monetate for Merchandisers, a pioneering solution crafted to empower e-commerce and digital merchandising teams to create unparalleled customer experiences that redefine product categories. It integrates AI with a comprehensive merchandising tool suite, allowing businesses to enhance product findability, increase catalog exposure, and reflect distinct brand value across the shopper journey. The suite is bolstered by a robust AB and MVT testing framework, enabling continuous optimization based on key performance indicators (KPIs) such as conversion rate (CVR) and average order value (AOV).
The e-merchandising software market covered in this report is segmented -
1) By Type: Cloud Based, On-Premises
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By Pricing Model: Subscription, One Time License
4) By Size Of Enterprise: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By Application: Apparel And Footwear, Groceries And Food, Home And Furniture, Electronics And Jewellery, Beauty And Personal Care, Other Applications
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Major companies operating in the e-merchandising software market market are Salesforce Inc. , Bloomreach Inc., Algolia Inc., Episerver AB, Dynamic Yield Ltd., Bluecore Inc., Kibo Commerce Inc., Voyado, Elastic Path Software Inc., Unbxd Inc., Clerk.io ApS, Nosto Oy, Zoovu GmbH, Searchspring Inc., RichRelevance Inc., Reflektion Inc., SymphonyAI LLC, GroupBy Inc., SLI Systems Inc., PredictSpring Inc., PureClarity Ltd., Celebros Ltd., Smart Merchandiser LLC, Vue.ai Inc., Tagalys Inc.
Contents of the report:
1. Executive Summary
2. E-Merchandising Software Market Report Structure
3. E-Merchandising Software Market Trends And Strategies
4. E-Merchandising Software Market - Macro Economic Scenario
5. E-Merchandising Software Market Size And Growth
…..
27. E-Merchandising Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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