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Key Influencer in the Retail Management Software Market 2025: Centralized Inventory Management Driving Retail Management Software Market Growth Driver
Retail Management Software Market
The growth of the retail management software market is anticipated to be fuelled by the rise of e-commerce and online retail. E-commerce and online retail encompass the online transaction of goods or services. This expansion is stimulated by factors such as comfort, accessibility, and the potential to tap into the global market. The e-commerce industry resorts to retail management software to refine operations, improve inventory handling, and elevate customer experiences. For example, the Census Bureau of the Department of Commerce, a governmental department in the United States, reported a significant 7.5% increase in US e-commerce sales in the last quarter of 2023 compared to the same period in 2022. Hence, the escalating growth of e-commerce and online retailing propels the expansion of the retail management software market.
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What is the future CAGR of the retail management software market, and how will it impact industry expansion?
The market size for retail management software has seen accelerated growth in the past few years. It is projected to escalate from a value of $22.08 billion in 2024 to reach $25.13 billion in 2025, representing a compound annual growth rate (CAGR) of 13.8%. The historical growth of the sector is largely due to factors such as heightened demand for automation, the expansion of e-commerce, the internationalization of retail, the requirement for proficient inventory control, and the need to meet regulatory compliance requisites.
In the forthcoming years, the market size of retail management software is projected to witness significant expansion, reaching $41.75 billion in 2029 with a CAGR of 13.5%. This growth trajectory during the predictable period is influenced by factors such as the increasing focus on data security and privacy, the proliferation of cloud-based solutions, and a rising demand for real-time analytics and insights. Other contributing elements include a prioritization of sustainable and eco-friendly practices, as well as the surge in mobile commerce and mobile point-of-sale (mPOS). Some key trends marking the forecast period encompass heightened use of augmented reality in retail management software, the rise of subscription-based pricing models, emphasis on predictive analytics for demand forecasting, blending of online and offline shopping experiences, and the adoption of blockchain technology for transparent supply chains.
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What are the most significant trends transforming the retail management software market today?
Top firms in the retail management software market are shifting their focus towards the creation of technologically superior solutions like point-of-sale (POS) systems, a vital tool in streamlining and centralising daily operations. POS solutions are software systems used in retail sectors to process sales transactions, manage inventories, develop customer relationships, and monitor business performance. For instance, cloud software company Zoho Corporation, based in India, launched a product named Zakya in February 2024. Designed specifically for small to medium-sized retail businesses, Zakya offers a handful of impressive features including advanced inventory management support for omnichannel sales, and a convenient mobile billing application. This innovative product signifies a significant leap forward in the retail management software market, catering specifically to smaller retailers' requirements. Zakya simplifies business operations through its wide-ranging features, competitive pricing and smooth integration with leading payment service providers. Additionally, its POS billing app guarantees smooth transactions, even during offline scenarios, thus enabling sales staff to handle customer purchases efficiently while reducing waiting times during rush hours.
Which key market segments comprise the retail management software market and drive its revenue growth?
The retail management software market covered in this report is segmented -
1) By Product: Cloud, Software As A Service (SaaS), Web, Mobile - Android Native, Mobile - iPhone Operating System (IOS) Native, Other Products
2) By Application: Small Business, Midsize Enterprise, Large Enterprise, Other Applications
3) By End-Users: Grocery And Pharmacy, Hardlines And Do It Yourself (DIY), Apparel And Softline, E-Commerce And Specialty, Other End-Users
Subsegments:
1) By Cloud: Private Cloud, Public Cloud, Hybrid Cloud
2) By Software As A Service (SaaS): Subscription-Based SaaS, Pay-Per-Use SaaS
3) By Web: Web-Based Applications, Browser-Based Software
4) By Mobile - Android Native: Android Tablet Apps, Android Smartphone Apps
5) By Mobile - iPhone Operating System (iOS) Native: iOS Tablet Apps, iOS Smartphone Apps
6) By Other Products: Desktop Software, Hybrid Solutions (Combining Mobile, Cloud, And Desktop)
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North America was the largest region in the retail management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the retail management software market?
Major companies operating in the retail management software market report are NCR Corporation; Shopify Inc.; Pitney Bowes Inc.; Cegid Group; Digital River Inc.; BigCommerce Pty. Ltd.; osCommerce Solutions; JDA Software Group Inc.; Magento Commerce Inc.; Epicor Software Corporation; iQmetrix Software Development Corp.; PrestaShop SA; WooCommerce Inc.; LS Retail EHF; Passport Software Inc.; Windward Software Inc.; OpenXcell Technolabs Pvt. Ltd.; Fishbowl Inc.; Snappii Apps Inc.; EffiaSoft Private Limited; POS Prophet Systems Inc.; Universal Accounting Software Inc.; Visual Retail Plus Inc.; Peach Software Limited; OpenCart Ltd.
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What Is Covered In The Retail Management Software Global Market Report?
•Market Size Forecast: Examine the retail management software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the retail management software market for a structured understanding.
•Key Players Overview: Analyze major players in the retail management software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retail management software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the retail management software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retail management software market.
•Industry Challenges: Identify potential risks and obstacles affecting the retail management software market.
•Competitive Landscape: Review strategic developments in the retail management software market, including expansions, agreements, and new product launches.
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