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Major Growth Driver Identified in 2025 Retail Operations Software Market: Impact Of Increasing Retail Store Numbers On The Retail Operations Software Market
Retail Operations Software
Retail Operations Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for retail operations software has experienced robust growth over the recent past. The market valuation is expected to surge from $1.3 billion in 2024 to $1.39 billion in 2025, representing a compound annual growth rate (CAGR) of 6.8%. The surge observed in the past years is owing to increased demand for efficiency and automation, the emergence of omni-channel retailing, an emphasis on customer experience, as well as scalability, flexibility, and the need for competitive differentiation.
Retail Operations Software Market Size Forecast: What's the Projected Valuation by 2029?
The market size of retail operations software is anticipated to witness robust growth in the upcoming years, reaching $1.79 billion by 2029 with a CAGR of 6.5%. The expansion during the projected timeline can be attributed to the rise in multi-channel retailing, enhanced focus on customer relationship management, adherence to regulatory norms, and the drive to boost efficiency and lower costs. The forecast period is set to see significant trends such as the prioritization of mobile-first solutions, the embrace of AI and Machine Learning, the preference for cloud-based solutions, and a focus on sustainability and ethical sourcing.
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What Are the Drivers Transforming the Retail Operations Software Market?
The expansion of the retail operations software market is anticipated to be fuelled by a rising count of retail stores. These stores, that directly sell goods or services to consumers for personal or consumption use, are witnessing an upsurge due to economic development and technology advancements, including e-commerce incorporation. Retail operations software plays a vital role in refining store functions, from handling inventory to managing customer relationships, thereby boosting efficiency and enriching the customer journey in the retail sector. For example, the number of convenience stores in the United States, as reported by the National Association of Convenience Stores, a US-based trade group, showed an increase of 1.5% in January 2024, reaching 152,396 stores from the previous year. Consequently, the growth of the retail operations software market is being propelled by the escalating number of retail stores.
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What Long-Term Trends Will Define the Future of the Retail Operations Software Market?
Leading businesses in the retail operations software market are integrating AI-driven solutions into their supply chain to optimize their operations, including AI-enhanced POS (point of sale) software. This advanced POS software, powered by artificial intelligence and machine learning, improves various aspects of the point-of-sale procedure. For example, in July 2023, Urban Vyapari, a company based in India specializing in cloud-based solutions, introduced an AI-empowered POS software aimed at transforming the retail and restaurant sectors by delivering state-of-the-art POS solutions and tools for digital transformation for evolving businesses. This AI-support POS system mitigates losses by accurately monitoring inventory and orders in correlation with sales and real-time supply levels. It further allows customers to accommodate virtually all types of payment across various channels such as online platforms, mobile applications, chats, social apps, and physical in-store payments.
Which Segments in the Retail Operations Software Market Offer the Most Profit Potential?
The retail operations software market covered in this report is segmented -
1) By Type: Cloud Based, Web Based
2) By Pricing Model: Subscription, One-Time License
3) By Application: Large Enterprises, Small And Medium-Sized Enterprises
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By Web-Based: Hosted Solutions, SaaS (Software As A Service) Solutions
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Which Firms Dominate the Retail Operations Software Market by Market Share and Revenue in 2025?
Major companies operating in the retail operations software market report are Microsoft Corporation; International Business Machines Corporation; Oracle Corporation; SAP SA; Salesforce.com Inc.; Adobe Inc.; Square Inc.; Intuit Inc.; NCR Corporation; Shopify Inc.; NetSuite Inc.; Zoho Corporation; Epicor Software Corporation; Blue Yonder; Cegid Group; Lightspeed POS Inc.; Aptos Inc.; ACCEO Solutions Inc.; Kibo Commerce; LS Retail ehf; Revel Systems; ECR Software Corporation; Celerant Technology Corporation; Retail Pro International LLC; RetailOps
Which Regions Offer the Highest Growth Potential in the Retail Operations Software Market?
North America was the largest region in the retail operations software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail operations software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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