Dublin, 16 Feb. 2022 (GLOBE NEWSWIRE) — The “Global Multi-Channel Order Management Market By Component, By Deployment Type, By Enterprise Size, By Industry Vertical, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast- 19, 2021-2027″ report added to from ResearchAndMarkets.com offer.
The global multi-channel order management market size is expected to reach $4.1 billion by 2027, growing at a market growth rate of 10.4% CAGR during the forecast period. A multi-channel order management (MOM) solution refers to business-to-business programming developed for different types of retailers for the purpose of selling their products and showcasing business online.
The multi-channel performs the arrangements by the executive mainly aimed at helping to combine the demands of different channels into one type of list and after the most recent costs through all business changes during cost fluctuations. For a few multi-channel orders, executive arrangements are used for basic needs and to run the business based on the board arrangement.
In addition to this, unique innovations such as massive information examination, computerized stores, distributed computing and web media companies are emerging due to the steady progress of the online market, associations, mainly points of sale. Moreover, this process helps attract more customers and increases the existing customer base.
In addition to this, the adoption rate of the global multi-channel order management market is increasing due to the huge increase in retail sales and online shopping verticals, mainly in developing countries. Additionally, the demand for enterprise scalability is becoming more agile and flexible, resulting in a steady increase in multi-channel selling, thus reinforcing the need to adopt multi-channel order management (MOM) within enterprises. As multi-channel order management is less expensive than conventional solutions, the demand for them is growing at a rapid pace.
COVID-19 Impact Analysis
The warehouse across the world will experience a strong impact due to the outbreak of the COVID-19 pandemic. The virus has created a ripple effect while spreading at a rapid pace around the world. An outbreak or transportation delay that has occurred in one region of the world has a negative impact globally, resulting in warehouse closures or the complete stoppage or delay of supplies. The global supply chain struggled to maintain momentum due to the rapid spread of the virus.
The outbreak of the COVID-19 pandemic was not the reason to initiate the massive growth of e-commerce; however, this was the reason for the recent increase in demand. As a result, omnichannel distribution has also seen a massive boom. Warehouses have changed their approach from taking full cases for retail outlets to selecting products for end customers; they also had to manage multiple delivery options.
Omnichannel is about allowing the customer to buy from anywhere (in-store, online) and deliver the items where they want (home delivery, in-store pickup, curbside pickup). This also involves the return of the product (ship to return or return to store). Customer demand has always been high, but with COVID-19 driving e-commerce demand, the trend towards multi-channel order management will continue for many years to come.
On the basis of components, the market is segmented into software (without services) and services. These services are worth companies’ investments as they are very crucial in the optimal functioning of multi-channel order management solutions. Additionally, these services are helpful in facilitating the quick and easy installation of solutions. The growth of professional and managed services is driven by the high adoption rate of multi-channel order management software.
Outlook deployment type
On the basis of deployment type, the market is segmented into cloud and on-premises. The cloud segment is expected to show the maximum growth rate over the forecast years. The cloud of cloud deployment helps to achieve greater resilience and reduce risk, which is not characteristic of the on-premises model. Some of the major advantages of the cloud are cost-effectiveness, scalability, easy deployment, and adaptability, thereby creating new avenues for the growth of the cloud segment across a wide range of industries. Different business industries prefer the cloud model due to the lesser price and simplified installation.
Company size outlook
Based on enterprise size, the market is segmented into large enterprises and small and medium enterprises. The large enterprise segment is expected to collect the maximum revenue share from the global multi-channel order management market during the forecast period.
Based on vertical, the market is segmented into retail, e-commerce & wholesale, manufacturing, healthcare & life sciences, food & beverage, and others. Multi-Channel Order Management can help the e-commerce, retail and wholesale industry manage orders received from various channels. The steady increase in multiple sales channels across wholesale, retail, and e-commerce platforms has made better visibility across the entire order process lifecycle essential.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East & Africa. The North America region is well established in terms of high disposable income consumers as well as purchasing power, which is expected to fuel retail business in this region. In addition to this, growing number of e-commerce and retail activities and a steady rise in the number of internet users in the region is expected to drive the growth of the regional Multi-Channel Order Management market over the period of forecast.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints
Chapter 3. Competitive Analysis – Global
3.1 Cardinal matrix
3.2 Recent Industry-Wide Strategic Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and mergers
3.2.4 Business expansions
3.3 Main winning strategies
3.3.1 Key Primary Strategies: Percentage Breakdown (2017-2021)
3.3.2 Key Strategic Movement: (Partnerships, Collaborations and Agreements: 2017, August – 2021, June) Key Players
Chapter 4. Global Multi-Channel Order Management Market by Component
4.1 Global Multi-Channel Order Management Software (Non-Services) Market by Region
4.2 Global Multi-Channel Order Management Services Market by Region
Chapter 5. Global Multi-Channel Order Management Market by Deployment Type
5.1 Global Cloud-based Multi-Channel Order Management Market by Region
5.2 Global On-premises Multi-Channel Order Management Market by Region
Chapter 6. Global Multi-Channel Order Management Market by Company Size
6.1 Global Large Enterprise Multi-Channel Order Management Market by Region
6.2 Global Small & Medium Business Multi-Channel Order Management Market by Region
Chapter 7. Global Multi-Channel Order Management Market by Vertical
7.1 Global Retail, eCommerce and Wholesale Multi-Channel Order Management Market by Region
7.2 Global Multi-Channel Manufacturing Order Management Market by Region
7.3 Global Healthcare & Life Sciences Multi-Channel Order Management Market by Region
7.4 Global Food and Beverage Multi-Channel Order Management Market by Region
7.5 Global Other Multi-Channel Order Management Market by Region
Chapter 8. Global Multi-Channel Order Management Market by Region
Chapter 9. Business Profiles
9.1 SAP OS
9.1.1 Company Overview
9.1.2 Financial analysis
9.1.3 Sectoral and regional analysis
9.1.4 Research and development costs
9.1.5 Recent Strategies and Development:
188.8.131.52 Partnerships, collaborations and agreements:
9.1.6 SWOT Analysis
9.2 Oracle Corporation
9.2.1 Company overview
9.2.2 Financial analysis
9.2.3 Sectoral and regional analysis
9.2.4 Research and development costs
9.2.1 Recent Strategies and Development:
184.108.40.206 Product launches and product extensions:
9.2.2 SWOT Analysis
9.3 Salesforce.com, Inc.
9.3.1 Company overview
9.3.2 Financial analysis
9.3.3 Regional Analysis
9.3.4 Research and development costs
9.3.5 Recent Strategies and Development:
220.127.116.11 Partnerships, collaborations and agreements:
18.104.22.168 Product launches and product extensions:
9.3.6 SWOT Analysis
9.4 HCL Technologies Ltd. (HCL Companies)
9.4.1 Company Overview
9.4.2 Financial analysis
9.4.3 Sectoral and regional analysis
9.4.4 Research and development costs
9.4.5 Recent Strategies and Development:
22.214.171.124 Partnerships, collaborations and agreements:
126.96.36.199 Product launches and product extensions:
9.4.6 SWOT Analysis
9.5 Square, Inc. (Stitch Labs, Inc.)
9.5.1 Company Overview
9.5.2 Financial analysis
9.5.3 Sectoral and regional analysis
9.5.4 Product development expenses
9.5.5 Recent Strategies and Development:
188.8.131.52 Partnerships, collaborations and agreements:
184.108.40.206 Product launches and product extensions:
220.127.116.11 Acquisitions and Mergers:
9.7 Zoho Corporation Pvt. ltd.
9.7.1 Company Overview
9.7.2 Recent Strategies and Development:
18.104.22.168 Partnerships, collaborations and agreements:
22.214.171.124 Product launches and product extensions:
126.96.36.199 Business expansions:
9.8 Sales Warp, Inc.
9.8.1 Company Overview
9.8.2 Strategies and recent developments:
188.8.131.52 Partnerships, collaborations and agreements:
9.9 Retail Solutions LLC
9.9.1 Company overview
9.10.1 Company Overview
9.10.2 Recent Strategies and Development:
184.108.40.206 Acquisitions and mergers:
220.127.116.11 Product launches and product extensions:
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