Omnichannel Retail Commerce Platform Market Size, Share, Growth Factors, Competitive Landscape and Forecast to 2027

 

Market Highlights

The global omnichannel retail commerce platform market is expected to exhibit a robust 21.48% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global multi-channel retail commerce platform market was valued at USD 2.99 billion in 2017 and is expected to grow to a valuation of USD 11.01 billion by 2023, according to the report. The report presents a detailed overview of the global omnichannel retail commerce platform market, including historical information, present-day information, as well as future forecasts about the market’s likely growth trajectory over the forecast period from 2018 to 2023. The leading players operating in the global omnichannel retail commerce platform market are examined in the report to give readers a clear picture as to the competitive landscape of the market. The impact of the COVID-19 pandemic on the global omnichannel retail commerce platform market is also studied in the report.

Omnichannel retail commerce platforms have grown in popularity over the last few years due to the rising demand for ecommerce. Growing popularity of ecommerce is likely to remain a major driver for the global omnichannel retail commerce platform market over the forecast period. As the use of mobile devices has grown over the last few years, many companies have made significant efforts in order to incorporate mobile shopping channels into their operations. Mobile shopping channels have become popular among consumers due to the convenience they present to the consumer. Mobile shopping channels allow consumers to pick and choose their shopping items from the comfort of their home. They can then choose to have the items delivered to their home and pay online, thus allowing them to complete the entire shopping process on their mobile devices. Online shopping channels also often allow the consumer to return items they are not satisfied with and have them exchanged for other useful items. This convenience has led to a growing demand for mobile shopping channels and is likely to remain a major driver for the omnichannel retail commerce platform market over the forecast period.

The fashion and electronics sectors are major end users of omnichannel retail commerce platform technology. The growing fashion sector around the world is likely to be a major driver for the global omnichannel retail commerce platform market over the forecast period. Growing interest of younger demographics in looking good and presenting a fashionable appearance has led to a growing demand from the fashion sector in recent years. This is likely to remain a major driver for the omnichannel retail commerce platform market over the forecast period.

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Segmentation:

Leading players in the global omnichannel retail commerce platform market include Infor Global Solutions Inc., Infosys Ltd., Diebold Nixdorf AG, Toshiba Corporation, SAP SE, Oracle Corporation, Salesforce.com Inc., NCR Corporation, Cognizant Technology Solutions Corp., and IBM Corporation.

Segmentation:

The global omnichannel retail commerce platform market is segmented on the basis of deployment, solution, end user vertical, and region.

By deployment, the global omnichannel retail commerce platform market is segmented into SaaS platform and on-premise deployment. The demand for SaaS platforms is growing in the global omnichannel retail commerce platform market and is likely to be a major trend in the global omnichannel retail commerce platform market over the forecast period.

By solution, the global omnichannel retail commerce platform market is segmented into ecommerce, order management, point of sales, retail order broker cloud service, CRM, warehouse management, and others.

By vertical, the global omnichannel retail commerce platform market is segmented into apparel and footwear, FMCG, consumer electronics, and others. The consumer electronics and apparel segments are the dominant end use verticals in the global omnichannel retail commerce platform market.

Regional Analysis:

North America is the major regional market for omnichannel retail commerce platforms and is likely to retain its lead over the forecast period. The widespread use of mobile and website platforms for shopping in North America is a major driver for the North America market for omnichannel retail commerce platforms.

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Omnichannel Retail Commerce Platform Market: By Form Factor (Rack & tower servers, Blade servers), Business Type (Data centers and Enterprise customers), and Processor (X 86 servers, Non-X86 servers), Operating System (Linux and Others) – Global Forecast till 2023

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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