Omnichannel Retail Commerce Platform Market is expected to grow from USD 2.99 billion in 2017 to USD 14.3 billion by 2030
Market Highlights
The
global omnichannel
retail commerce platform market is expected to grow from USD 2.99
billion in 2017 to USD 14.3 billion by 2030, at a compound annual growth rate
(CAGR) of 19.20% during the forecast period (2022-2030).
The
global market is reported to be majorly driven by the increasing number of
internet and social networking users. Additionally, the market is also seeing
an increase in demand due to the booming usage of smartphone devices and rising
adoption of mobile commerce facilities.
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Segmentation:
The
global omnichannel retail commerce platform market has been segmented in terms
of vertical, solution, and deployment.
By
deployment, the market segments into SaaS platform and on-premise deployment.
By
solution, the market includes retail order broker cloud services, Point of
Sale, ecommerce, warehouse management, CRM, order management, and others.
By
vertical, the market comprises FMCG, apparel & footwear, consumer
electronics, and others.
Regional Analysis:
The
global omnichannel retail commerce platform market is geographically
distributed across the following key regions: Asia Pacific, North America,
Europe, and the Rest of the World (RoW).
North
America and Europe are two of the leading regions in the world when it comes to
adopting the omnichannel retail commerce platform strategies. The regions have,
over the years, made considerable advancements in the field to offer customers
with a seamless experience. Add to this, the strong and established digital
infrastructure in these regions is expected to further drive the potential
growth of the market in the coming years.
Elsewhere,
in Asia Pacific, China is majorly contributing to the region’s fast-paced
growth in the omnichannel retail commerce platform market. The nation is
particularly dominating the regional market when it comes the apparel and
footwear segment. The expanding market for ecommerce, preference among
consumers to purchase online, and the growing penetration of smartphone devices
have pushed China to spearhead the overall growth of the Asia Pacific regional
market. Additionally, various other factors like fast-paced adoption of mobile
phones and increasing use of social networking platforms is pushing the market
demand in this region.
Competitive
Dashboard:
The
global omnichannel retail commerce platform market comprises a host of key
players. This includes names like NCR Corporation (US), SAP SE (Germany),
Cognizant Technology Solutions Corp (US), Infosys Ltd (India), Oracle
Corporation (US), IBM Corporation (US), Diebold Nixdorf AG (Germany),
Salesforce.com (US), Toshiba Corporation (Japan), and Infor Global Solutions
Inc. (US).
In
addition to these players, other players were identified and profiled in the
report by MRFR as well, this includes names like iVend Retail (US), Dunnhumby
(UK), and Retail pro international (US).
Omnichannel
has been and continues to create an unmatched and seamless experience for the
consumers. This is irrespective of whether the customer is in an offline
brick-and-mortar store or on any digital mediums. This has prompted retailers
to lay focus on offering a proper omnichannel platform and integrated customer
shopping experience.
In
recent years, we have seen various large and mid-sized retailers shift base or
expand their business from digital to offline stores. Likewise, various
traditional retail businesses are seen moving towards the digital world
considering the massive potential omnichannel retailing holds. Two of the
biggest ecommerce giants, namely Amazon and Alibaba, recently expanded their
offline reach by opening new brick-and-stores. Additionally, the players in the
global omnichannel retail commerce platform are also being increasingly
involved with key strategies like acquisitions, joint ventures, and
partnerships to improve their sales result, gain competitive advantage, and
increase their profit potential.
Industry Buzz
July
2019, Walmart is making some important organizational adjustments in its
executives in order to support and help better integrate its digital operations
and retail brick-and-mortar store.
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List
of Tables
Figure
1 Global Omnichannel Retail Commerce Platform Market Segmentation
Figure
2 Forecast Methodology
Figure
3 Porter’s Five Forces Analysis Of Global Omnichannel Retail Commerce Platform
Market
Figure
4 Value Chain Of Global Omnichannel Retail Commerce Platform Market
Figure
5 Share Of Global Omnichannel Retail Commerce Platform Market In 2017, By
Country, 2022 To 2030
Figure
6 Global Omnichannel Retail Commerce Platform Market, 2022–2030
Figure
7 Global Omnichannel Retail Commerce Platform Market Size, By Deployment, 2022
Figure
8 Share Of Global Omnichannel Retail Commerce Platform Market, By Deployment, 2022
To 2030
Figure
9 Global Omnichannel Retail Commerce Platform Market Size, By Solution, 2022
Figure
10 Share Of Global Omnichannel Retail Commerce Platform Market, By Solution, 2022
To 2030
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