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Top Factor Driving Retail Business Management Software Market Growth in 2025: Accelerating Growth In Online Shopping Trends
Retail Business Management Software Market Analysis
The scale of the retail business management software market has been expanding rapidly over the past few years. Following an increase from $8.51 billion in 2024 to $9.42 billion in 2025, which indicates a Compound Annual Growth Rate (CAGR) of 10.7%. This expansion during the historic span can be linked to the escalating demand for automation, the proliferation of e-commerce, the internationalization of retail, the necessity for effective inventory management, and the obligations to meet regulatory compliance.
The market size for retail business management software is set to witness accelerated growth over the coming years. It's anticipated to surge to $13.99 billion by 2029 at a compound yearly growth rate (CAGR) of 10.4%. The market expansion during this predicted period can be linked to factors such as focus on data protection and confidentiality, proliferation of cloud-based solutions, necessity for real-time analytics and insights, emphasis on sustainable and environmentally friendly practices, and the increasing popularity of mobile commerce and mobile point-of-sale (mPOS). Upcoming trends in this period entail an escalating use of augmented reality in retail management software, the rise of subscription-based pricing models, priority on predictive analytics for forecasting demand, the amalgamation of online and offline shopping experiences, and the emerging usage of blockchain technology for supply chain transparency.
What Are the Main Catalysts for Growth in the Retail Business Management Software Market?
The increasing trend of online shopping is projected to drive the expansion of the retail business management software market in the upcoming years. Online shopping involves buying products or services remotely from an online merchant or an e-commerce platform. The widespread practice of online shopping is a result of factors like convenience, customization, payment ease, safety provisions, and the evolution of technology. The use of retail business management software is critical for online shopping operations. It helps in optimizing inventory management, order fulfillment, customer relations management, analytics, marketing, and accounting procedures. This eventually allows online merchants to function more capably and competently. For example, in February 2024, as reported by the Census Bureau of the Department of Commerce, a US government department, there was a notable upsurge of 7.5% in US e-commerce sales in the last quarter of 2023, compared to the same period in 2022. Hence, the escalating popularity of online shopping is fuelling the advancements of the retail business management software market.
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Who Are the Dominant Companies Influencing Retail Business Management Software Market Trends?
Major companies operating in the retail business management software market are Comcash Inc., International Business Machines Corporation, Oracle Corporation, NetSuite Inc., SAP SE, Salesforce.com Inc., Intuit Inc., NCR Corporation, Shopify Inc., Epicor Software Corporation, Cegid Group, Lightspeed POS Inc., Aptos Inc., Revel Systems Inc., Mi9 Retail Inc., Epos Now Limited, Vend Limited, Jesta I.S. Inc., Brightpearl Limited, Retail Pro International LLC, Tillpoint Limited, GoFrugal Technologies Private Limited, One Step Retail Solutions LLC, Wondersoft Private Limited, Heartland Payment Systems LLC
How Is the Retail Business Management Software Market Evolving?
Leading corporations in the retail business management software market are innovating with technological retail solutions using sophisticated features such as inventory management and business analytics. These solutions aim to streamline retail operations and facilitate retail business growth. The combination of inventory management and business analytics capabilities offers a complete solution for retailers, improving operations, enhancing decision-making skills, and promoting business expansion. For example, in November 2022, NeuRMS, a cloud software company based in the US, introduced its retail management software aimed at supporting retail businesses, including supermarkets, restaurants, and warehouses in Nigeria. This adaptable solution is engineered to aid businesses in operating more efficiently, cutting down costs, growing their operations, and preventing fraud. Additionally, it offers point-of-sale functions, inventory management, retail customer relationship management, business analytics, customer-oriented data, rent and lease monitoring, and a user-friendly interface. These features play a significant role in retail management software as they promote operational efficiency, customer contentment, and overall business achievement.
What Are the Different Segmentations in the Retail Business Management Software Market?
The retail business management software market covered in this report is segmented -
1) By Type: Cloud Solutions, Traditional Solution
2) By Deployment: On-Demand, On-Premise
3) By Application: Market, Department Store, Restaurant, Shop, Other Applications
Subsegments:
1) By Cloud Solutions: Cloud-Based Point of Sale (POS) Systems, Cloud Inventory Management, Cloud E-commerce Solutions, Cloud Financial Management, Cloud Supply Chain Management, Cloud Customer Relationship Management (CRM), Cloud Workforce Management
2) By Traditional Solution: On-Premise Point of Sale (POS) Systems, On-Premise Inventory Management, On-Premise Financial Management Software, On-Premise Enterprise Resource Planning (ERP), On-Premise Customer Relationship Management (CRM), On-Premise Supply Chain Management
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Which Region Is at the Forefront of the Retail Business Management Software Market?
North America was the largest region in the retail business management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail business management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Retail Business Management Software Global Market Report?
- Market Size Analysis: Analyze the Retail Business Management Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Business Management 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 Business Management Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Business Management Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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