Category Management Software Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

How Are the key drivers contributing to the expansion of the category management software market?
The anticipated growth of the category management software market is presumed to be driven by the escalating number of retail stores. These stores, whether they exist physically or online, are businesses that offer products and services to consumers directly. The proliferation of retail stores can be attributed to the rising consumer inclination towards convenient shopping methods and retailers' initiatives to extend their footprint throughout new markets. Category management software allows retailers to effortlessly manage inventory, establish competitive pricing, and enhance store layouts. This leads to increased sales and profits for retail stores. For example, as per a report from the National Association of Convenience Stores, a US-based commercial association, there was a 1.5% rise in the number of convenience stores in January 2024, reaching a total count of 152,396, compared to 2023. Consequently, the boost in the number of retail stores is propelling the expansion of category management software.

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What growth opportunities are expected to drive the category management software market's CAGR through 2034?
In recent times, there has been a swift expansion in the market size of category management software. The market, which stands at $2.16 billion in 2024, is projected to experience a growth to $2.47 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.3%. The historical growth surge can be traced to factors such as the increasing necessity for data-informed decisions, amplified competition in the retail industry, the spread of e-commerce, challenges in administering a wide variety of products, and the advent of big data analytics.

In the coming years, a swift expansion is anticipated in the category management software market, with projections indicating it will reach $4.16 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 13.9%. This increase during the forecast period is attributed to various factors such as the incorporation of IoT devices for instantaneous inventory supervision, a focus on sustainability shift towards adaptable pricing approaches, emphasis on supply chain resilience, and the rising significance of shopper devotion. Key trends to look out for during this forecast period encompass cloud-based solutions, real-time data analytics, solutions that are compatible with mobile devices, personalization and customization, and improved visibility of supply chains.

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What are the most significant trends transforming the category management software market today?
Leading firms in the category management software market are turning their focus towards the incorporation of artificial intelligence to create AI-driven category management software. This is aimed at improving efficiency and optimizing decision-making procedures. AI-enabled category management software leverages AI algorithms and methodologies to upgrade the procedure of category management in the retail sector. A key example would be the product launched by Symphony Innovation LLC, an Indian company specializing in predictive intelligence software solutions, in January 2024. In partnership with Microsoft Azure Open AI service, they introduced the category manager copilot system for retailers and consumer packaged goods. The system swiftly assesses user requests through both text and graphical data, uncovering factors that affect the performance within a particular product category. The copilot serves as a digital assistant that allows category managers to complete tasks quicker, with more ease, and more tactically, thereby enabling them to concentrate on strategic activities of high value as opposed to routine operational tasks.

Which growth-oriented segments of the category management software market are leading the industry's development?
The category management software market covered in this report is segmented -

1) By Component: Solution, Service
2) By Deployment: On-Premises, Cloud-Based
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Retail, Distribution, Consumer Packaged Goods

Subsegments:
1) By Solution: On-Premise Solutions, Cloud-Based Solutions
2) By Service: Implementation And Integration Services, Support And Maintenance Services, Consulting Services

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What regions are leading the charge in the category management software market?
Europe was the largest region in the category management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the category management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What companies are at the forefront of innovation in the category management software market?
Major companies operating in the category management software market are International Business Machines Corporation, Oracle Corporation, SAP SE, Capgemini SE, Cognizant, Zebra Technologies Corporation, Nielsen Holdings plc, SAS Institute Inc., ID Logistics Group, PTC Inc., Acosta Inc., Teradata Corporation, Information Resources Inc., Epicor Software Corporation, Manhattan Associates Inc., Qlik Technologies Inc., Anaplan Inc., MicroStrategy Incorporated, Aptos LLC, Vistex Inc., AFS Technologies, JDA Software, Jagger LLC, Velocity Financial Inc.

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What Is Covered In The Category Management Software Global Market Report?

• Market Size Forecast: Examine the category management software market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the category management software market for a structured understanding.
• Key Players Overview: Analyze major players in the category management software market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the category management software market.
• Segment Contributions: Evaluate how different segments drive overall growth in the category management software market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the category management software market.
• Industry Challenges: Identify potential risks and obstacles affecting the category management software market.
• Competitive Landscape: Review strategic developments in the category management software market, including expansions, agreements, and new product launches.

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