Press release
Prominent Retail Business Management Software Market Trend for 2025: Advancements In Retail Management Software
Retail Business Management Software Market Share
The increasing popularity of online shopping is expected to boost the growth of the retail business management software market. Online shopping is widely adopted due to its convenience, personalization, and ease of payment. Retail business management software plays a crucial role in streamlining various retail processes such as inventory management, order fulfillment, and customer relationship management. According to the Census Bureau of the Department of Commerce, retail e-commerce sales in the U.S. grew by 7.5% in the final quarter of 2023 compared to the same period in 2022. This growth in online shopping is driving the retail business management software market.
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What growth opportunities are expected to drive the retail business management software market's CAGR through 2034?
The retail business management software market has experienced rapid growth in recent years. It will rise from $8.51 billion in 2024 to $9.42 billion in 2025, reflecting a CAGR of 10.7%. This growth is attributed to the rising demand for automation, the growth of e-commerce, globalization, the need for efficient inventory management, and regulatory compliance.
The retail business management software market is expected to grow to $13.99 billion by 2029 at a CAGR of 10.4%. This growth is driven by increased focus on data security, cloud-based solutions, real-time analytics, sustainability practices, and the rise of mobile commerce. Trends include augmented reality use in retail management software, subscription pricing models, predictive analytics for demand forecasting, and blockchain for supply chain transparency.
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What are the emerging trends shaping the future of the retail business management software market?
Major companies in the retail business management software market are creating advanced solutions with features like inventory management and business analytics to streamline operations. These solutions help retailers manage operations and drive business growth. For example, in November 2022, NeuRMS launched retail management software designed to help businesses in Nigeria, such as supermarkets and warehouses, streamline their operations. It includes features like point-of-sale, inventory management, CRM, business analytics, and fraud prevention, supporting retail success.
Which growth-oriented segments of the retail business management software market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the retail business management software market?
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
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What Is Covered In The Retail Business Management Software Global Market Report?
•Market Size Forecast: Examine the retail business management software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the retail business management software market for a structured understanding.
•Key Players Overview: Analyze major players in the retail business management software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retail business management software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the retail business management software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retail business management software market.
•Industry Challenges: Identify potential risks and obstacles affecting the retail business management software market.
•Competitive Landscape: Review strategic developments in the retail business management software market, including expansions, agreements, and new product launches.
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