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Key Influencer in the Retail Operations Software Market 2025: Impact Of Increasing Retail Store Numbers On The Retail Operations Software Market Driver
Retail Operations Software Market
The retail operations software market has seen strong growth in recent years. It will increase from $1.3 billion in 2024 to $1.39 billion in 2025, at a CAGR of 6.8%. The growth is due to the demand for improved efficiency and automation, the rise of omnichannel retailing, a focus on customer experience, scalability and flexibility, and competitive differentiation.
The retail operations software market is expected to see strong growth, reaching $1.79 billion in 2029, with a CAGR of 6.5%. Growth is attributed to the rise of multi-channel retailing, a focus on customer relationship management, compliance with regulatory standards, and the need for efficiency and cost reduction. Key trends include mobile-first solutions, AI and machine learning adoption, cloud-based solutions, and sustainability practices.
What Factors Are Propelling the Expansion of the Retail Operations Software Market?
The rising number of retail stores is expected to drive the retail operations software market moving forward. Retail stores are physical locations where consumers purchase goods or services for personal use. The growth in retail store numbers is primarily due to economic expansion and technological advancements, including e-commerce integration. Retail operations software plays a crucial role in streamlining store operations, such as inventory management and customer relationship management, leading to greater efficiency and an improved shopping experience. For instance, in January 2024, the National Association of Convenience Stores, a US-based trade association, reported that the number of convenience stores operating in the United States at the start of 2024 reached 152,396, reflecting a 1.5% increase from 2023. Therefore, the rising number of retail stores is driving the retail operations software market.
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Which Businesses Are at the Forefront of Retail Operations Software Market Development?
Major companies operating in the retail operations software market report are Microsoft Corporation; International Business Machines Corporation; Oracle Corporation; SAP SA; Salesforce.com Inc.; Adobe Inc.; Square Inc.; Intuit Inc.; NCR Corporation; Shopify Inc.; NetSuite Inc.; Zoho Corporation; Epicor Software Corporation; Blue Yonder; Cegid Group; Lightspeed POS Inc.; Aptos Inc.; ACCEO Solutions Inc.; Kibo Commerce; LS Retail ehf; Revel Systems; ECR Software Corporation; Celerant Technology Corporation; Retail Pro International LLC; RetailOps
What Are the Latest Innovations in the Retail Operations Software Market?
Leading firms in the retail operations software market are integrating AI-powered supply chain optimization solutions, such as AI-driven POS software, to improve retail operations. AI-powered POS software employs artificial intelligence and machine learning to refine various aspects of the point-of-sale process. For instance, in July 2023, Urban Vyapari, an India-based cloud-based solutions provider, launched AI-driven POS software to modernize the retail and restaurant sectors. This AI-powered system ensures precise inventory and order tracking based on real-time sales and stock levels, eliminating financial losses. Additionally, it supports multiple payment methods across digital platforms, mobile applications, social media, and in-store transactions, making payment processing more efficient and versatile.
How Is the Retail Operations Software Market Segmented?
The retail operations software market covered in this report is segmented -
1) By Type: Cloud Based, Web Based
2) By Pricing Model: Subscription, One-Time License
3) By Application: Large Enterprises, Small And Medium-Sized Enterprises
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By Web-Based: Hosted Solutions, SaaS (Software As A Service) Solutions
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Where Is the Retail Operations Software Market Growth Most Prominent?
North America was the largest region in the retail operations software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail operations software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Retail Operations Software Global Market Report?
- Market Size Analysis: Analyze the Retail Operations Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Operations Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Retail Operations Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Operations Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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