Published on : Nov 05, 2019
A report titled “Global Retail Distributed Order Management Systems Software Market Size, Status and Forecast 2019-2025” has been added to the ever-growing report library of ResearchMoz.us. The report will help readers with a detailed analysis of major segments such as type, application, and geography present in the market. The has included both qualitative and quantitative analysis with market estimation and compound annual growth rate.
The competitive landscape of the global retail distributed order management systems software market is highly competitive and fragmented. The market is dominated by the top 4 leading vendors. These vendors altogether account for near about 45% of the global market revenue share. Some of the prominent players operating in the retail distributed order management system software market are SAP SE, Oracle Corporation, Epicor Software Corporation, Microsoft Corporation, and JDA Software Group, Inc. The players are focusing on customized and personalized order management system software to the retails in ordered to meet their unique requirements.
Some of the other emerging players identified in the global retail inventory management system market include Descartes Systems Group, Inc., Retalix Ltd., Lawson Software, Aldata Software Management Inc., and Quintiq among others. The players are focusing on the adoption of organic growth strategies to concretize their foothold in the market.
Thus the degree of competition among vendors in retail distributed order management system software market in the coming time is expected to get intensified.
Increasing Adoption of Software Owing to Enhanced Shopping Experience it offers to Consumers to Drive Growth
Retail distributed order management systems software helps owner efficiently manage, track and organize material flow in the store. Factors such as the growing penetration of smartphones, an increase in Omni channel retailing and blooming e-commerce industry are expected to offer lucrative opportunities to the growth of the global retail distributed order management systems software market. Further with the help of this system, a retail distributor can offer impeccable shopping experience to its customers. This is a prominent factor expected to fuel the global retail distributed order management systems software market in the coming few years.
Moreover, the need to efficiently control and reduce supply chain inefficiencies is another factor expected to fuel the global retail distributed order management system software market.
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However, the high cost of operation and maintenance of retail distribution order management systems software is expected to hamper the prospects of the market in the fourth coming years. Along with this, the system also needs a skilled resource to this, thus need some extra investments on human resources.
Nevertheless, rapid technology advancements and increasing adoption of advanced technology such as automation and growing scope of software integration of retail order management with other inventory management is bolstering the growth of the retail distributed order management systems software market.
North America to Hold Maximum Market Share
In terms of market share, North America is expected to dominate the retail distribution order management systems software market. This is mainly because of the presence of a large number of players in the region and high spending power of consumers.
Asia Pacific is expected to witness the highest growth rate in the coming few years. This is mainly due to rapid advancements in the retail industry in the region. Also, the demand for retail distribution order management system software is increasing in e-commerce, healthcare, manufacturing, and food & beverage outlet as well. China, India, Japan, South Korea, and Australia are contributing to the growth of the retail distribution order management systems software market in the region.