On-Shelf Availability Solution Market: CPG Manufacturers Segment Projected to be the Most Attractive Segment

The global on-shelf availability solution market is projected to register an impressive expansion at 9.5% CAGR during the forecast period 2017 to 2027, according to a report by Future Market Insights (FMI). Although the market is expected to witness a robust growth, the revenue generated will remain low owing to the presence of less number of companies offering these solutions. FMI’s report estimates the global on-shelf availability solution market to increase from US$ 2,255.7 Mn in 2017 to reach US$ 5,607.7 Mn by 2027-end.

CPG manufacturers will remain the largest end-users of on-shelf availability solution in the market, followed by retailers. However, sales of on-shelf availability solutions to suppliers are estimated to exhibit the highest CAGR through 2027.

Although on-premise deployment of on-shelf availability solution remains preferred in the market, the SaaS deployment will register a comparatively higher CAGR through 2027.

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In Western Europe, the on-shelf availability solution market is primarily driven by surging deployment of IoT in store management, and warehouse management. In addition, rapidly growing deployment of IoT by retailers, manufacturers and suppliers in this region is expected to offer inter networking of physical devices, sensors, and codes of products, enabling these objects to gather and exchange data.
The demand for solutions which can prevent robbery in retail stores and warehouses is witnessing a rise in Western European countries including Germany and France. On-shelf availability solutions help in detecting any displacements of goods, resulting into reduction of thefts by shoplifters or staff. These factors are expected to drive growth of the market in Western Europe.

In Western Europe, various alternatives such as solutions for supply chain management, and retail management software, help store managers in identifying shelf-availability of products in warehouses and retail stores. This is expected to hinder growth of the market in this region.

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In North America, retailers are focusing on implementation of shelf-availability solutions for improvising the ability to offer customer-desired products, avoiding challenges associated with “out-of-stock” situation. The retailers are utilising on-shelf availability solutions to keep track of product details, inventories, and availability of right products. In addition, requirement for smart retailing solution is witnessing a surge on the back of increasing demand for provision of smarter consumer experience, while shopping at retail stores. The aforementioned factors are expected to fuel growth of the market in North America.

Key market players identified in FMI’s Report Include IBM Corporation, Panasonic Corporation, SAP SE, Impinj, Inc., Mindtree Ltd., Retail Solutions, Inc., Retail Velocity, Market6, Inc., Lokad, Verix, Frontier Field Marketing, NEOGRID, eBest IOT, Enterra Solutions LLC.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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This release was published on openPR.