Omnichannel Retail Commerce Platform Market is anticipated to grow USD 14.3 Billion at a CAGR of 19.20% CAGR by 2030

 

By 2030, the global omnichannel retail commerce platform market is projected to develop at a compound annual growth rate (CAGR) of 19.20% and will reach up to 14.3 Billion by 2030, from USD 2.99 billion in 2017. (2022-2030).

The growing number of internet and social networking users is said to be the main driver of the global market. The market is also experiencing an increase in demand as a result of the rapidly expanding use of smartphone devices and the expanding use of mobile commerce tools.

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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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