Press release
Future of the Global Retail Operations Software Market: Trends, Innovations, and Key Forecasts Through 2034
Retail Operations Software Market
What Is the Expected CAGR for the Retail Operations Software Market Through 2025?
The market size for retail operations software has experienced significant expansion in the past few years. A surge from $1.3 billion in 2024 to $1.39 billion in 2025 is expected, which signifies a compound annual growth rate (CAGR) of 6.8%. The historical growth can be traced back to an increased demand for efficiency and automation, the emergence of omni-channel retailing, emphasis on customer experience, scalability and flexibility, and the need for competitive differentiation.
What's the Projected Size of the Global Retail Operations Software Market by 2029?
In the years ahead, the market size for retail operations software is predicted to experience robust expansion, reaching $1.75 billion by 2029 with a compound annual growth rate (CAGR) of 6.0%. This growth during the projected period can be linked to the expansion of multi-channel retailing, emphasis on customer relationship management, adherence to regulatory measures, and initiatives for efficiency and minimising costs. The forthcoming period will see dominant trends such as prioritising mobile platforms, embracing AI and ML, implementing cloud-based solutions, and placing importance on sustainability and ethical sourcing.
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Top Growth Drivers in the Retail Operations Software Industry: What's Accelerating the Market?
The retail operations software market is poised for growth, driven by an uptick in the number of retail stores. These physical outlets, selling goods and services for personal consumption, are multiplying due to economic growth and innovative technologies, such as e-commerce integration. Retail operations software helps streamline store operations, ranging from inventory management to customer relationship management, thereby boosting efficiency and improving the customer experience within the retail industry. For example, recent data from the National Association of Convenience Stores, a US-based trade association, indicate that the total number of convenience stores operating in the U.S. in early 2024 reached 152,396, marking a 1.5% growth over the 2023 count. Consequently, the surge in retail stores' numbers is fueling the expansion of the retail operations software market.
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What Trends Will Shape the Retail Operations Software Market Through 2029 and Beyond?
Prominent firms in the retail operations software sector are integrating AI-based solutions to enhance supply chain optimization, such as AI-enabled point of sale (POS) software, to improve numerous facets of retail operations. The AI-enhanced POS software is a kind of retail management framework that utilizes artificial intelligence and machine learning techniques to augment various elements of the point-of-sale transaction. For instance, Urban Vyapari, a company based in India that specializes in cloud services, launched an AI-enhanced POS software in July 2023. This launch aimed to bring about a transformation in the retail and restaurant sectors by offering advanced POS solutions and tools for digitization to businesses of different sizes. The AI-enabled POS system assists in preventing losses by accurately monitoring inventory and orders based on sales and the most recent supply levels. Additionally, it gives consumers the capacity to manage a variety of payment options across various platforms such as online websites, mobile applications, chat interfaces, social apps, and physical store payments.
What Are the Main Segments in the Retail Operations Software Market?
The retail operations softwaremarket 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 Top Companies are Driving Growth in the Retail Operations Software Market?
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 Will Dominate the Retail Operations Software Market Through 2029?
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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