Press release
E-Merchandising Software Market Size Forecasted To Achieve $2.29 Billion By 2029 With Steady Growth
E-Merchandising Software
What Is the E-Merchandising Software Market Size and Projected Growth Rate?
The e-merchandising software market size has grown rapidly in recent years. It will grow from $1.37 billion in 2024 to $1.52 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to the rise of online shopping, the proliferation of mobile devices, the emergence of big data analytics, the advancement of AI and machine learning technologies, and the evolution of omnichannel retailing.
The E-merchandising software market is expected to grow rapidly, reaching $2.29 billion by 2029, at a compound annual growth rate (CAGR) of 10.7%. Growth is attributed to the rise of augmented reality (AR) for virtual try-on experiences, voice commerce and smart speaker integration, social commerce and influencer marketing, personalized shopping via customer data analytics, and blockchain for supply chain transparency. Key trends include a focus on sustainability, the rise of live commerce, 5G integration for enhanced shopping, growth of subscription-based models, and increased use of user-generated content in recommendations.
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What Are the Major Segments in the E-Merchandising Software Market?
The E-merchandising software market covered in this report is segmented -
1) By Type: Cloud Based, On-Premises
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By Pricing Model: Subscription, One Time License
4) By Size Of Enterprise: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By Application: Apparel And Footwear, Groceries And Food, Home And Furniture, Electronics And Jewelry, Beauty And Personal Care, Other Applications
Subsegments:
1) By Cloud-Based: Saas E-Merchandising Solutions, Cloud-Based Product Recommendation Engines, Cloud-Based Personalization Tools, Cloud-Integrated Visual Merchandising Tools, Cloud-Based E-commerce Analytics And Insights, Cloud-Based Inventory And Catalog Management, Cloud-Based Price Optimization And Dynamic Pricing
2) By On-Premises: On-Premises Product Display And Layout Tools, On-Premises Visual Merchandising Solutions, On-Premises Inventory And Product Management Software, On-Premises Price Optimization Software, On-Premises Customer Engagement Tools, On-Premises E-Commerce Analytics, On-Premises Catalog Management Software
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What Are The Driving E-Merchandising Software Market Evolution?
The expanding E-commerce sector is expected to drive the growth of the E-merchandising software market. As online shopping continues to proliferate, the demand for digital solutions that optimize the retail experience, such as e-merchandising software, is increasing. This software improves product display, customer engagement, and sales by personalizing recommendations and employing dynamic pricing strategies. In April 2023, the International Trade Administration reported that e-commerce sales in Canada were expected to grow significantly by 2025, further supporting the demand for e-merchandising tools.
Which Firms Dominate The E-Merchandising Software Market Segments?
Major companies operating in the E-merchandising software market are Salesforce Inc., Bloomreach Inc., Algolia Inc., Episerver AB, Dynamic Yield Ltd., Bluecore Inc., Kibo Commerce Inc., Voyado, Elastic Path Software Inc., Unbxd Inc., Clerk.io ApS, Nosto Oy, Zoovu GmbH, Searchspring Inc., RichRelevance Inc., Reflektion Inc., SymphonyAI LLC, GroupBy Inc., SLI Systems Inc., PredictSpring Inc., PureClarity Ltd., Celebros Ltd., Smart Merchandiser LLC, Vue.ai Inc., Tagalys Inc.
What E-Merchandising Software Market Trends Are Gaining Traction Across Different Segments?
In the E-merchandising software market, leading companies are concentrating on the advancement of cutting-edge technologies, like the Digital Merchandising Suite, to establish a competitive advantage. This Digital Merchandising Suite is a comprehensive software solution that enhances product showcasing, promotion, and sales on E-commerce platforms, thereby improving the online shopping experience. An example of this occurred in February 2024 when Monetate, an American software firm, launched Monetate for Merchandisers. This ground-breaking solution is designed to equip E-commerce and digital merchandising teams with the tools they need to construct top-tier customer experiences and redefine product categories. The solution merges AI with a complete set of merchandising tools to help businesses increase product discoverability, expand catalog visibility, and distinctly illustrate their brand value at each stage of the customer's shopping journey. This suite is strengthened by a robust AB and MVT testing framework, which allows for constant optimization based on critical performance metrics such as Conversion Rate (CVR) and Average Order Value (AOV).
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Which Is The Largest Region In The E-Merchandising Software Market?
North America was the largest region in the E-merchandising software market in 2023. The regions covered in the E-merchandising software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the E-Merchandising Software Market?
2. What is the CAGR expected in the E-Merchandising Software Market?
3. What Are the Key Innovations Transforming the E-Merchandising Software Industry?
4. Which Region Is Leading the E-Merchandising Software Market?
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