Multichannel Order Management Market
Global Multichannel Order Management Market Driven by Proliferation of Ecommerce
The global Multichannel Order Management Market is expected to display 12.7% CAGR over the forecast period, according to the latest report by Market Research Future (MRFR). MRFR’s report on the multichannel order management market highlights various trends and opportunities for leaders to capitalize during the forecast period (2020-2027). The COVID-19 pandemic and its effects on the industry are included for forecasting market valuation and growth projections.
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Market Scope:
The global multichannel order management is driven by multichannel sales as well as integration of various channels for delivering products on time. The boom in information technology and integration of advanced technologies in various sectors can induce demand for MOM software. Investments in digital experiences and shift to online shopping as well as maintenance of relationships with customers can drive market growth. Intense competition among large enterprises as well as use of new strategies to expand or scale business can drive the market.
High penetration of internet and growth of ecommerce players due to demand for products can bode well for the market. Utilization of MOM software to glean insights in real-time during transit and after delivery can drive market growth. Huge potential in various industries can lead to innovation and new features in the software.
But security and privacy concerns pertaining to user data can hamper market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic has positively affected the multichannel order management market owing to disruptions to traditional modes of the supply chain and demand for omnichannel modes of communication. Surge in online shopping and integration of MOM software for expediting processes in warehouses, retail stores, and transport chain can drive market growth.
Segmentation Analysis:
Services Component to Acquire Major Stake in Global Market
The services component is set to generate huge returns for the MOM market for rapid deployment of services and its increasing dependence in driving sales of products.
E-commerce to be Biggest End-user
The e-commerce sector is expected to be the biggest end-user of the multichannel order management market owing to large number of users, penchant for online shopping, and proliferation of online sellers. MOM is used in fulfilling contracts and tracking of inventory to alert owners for its replenishment.
Based on Component:
- Solution
- Software
- Services
- Professional Services
- Consulting Services
- Integration & Deployment Services
- Training & Support Services
- Managed Services
Based on the Deployment Mode:
- Cloud
- On-Premises
Based on Organization Size:
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
- Based on Vertical:
- Retail, e-commerce, and Wholesale
- Manufacturing
- Healthcare & Life Sciences
- Food & Beverages
- Other Verticals (Automotive and Pharmaceuticals)
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
Regional Analysis:
North America to Account for Major Revenue Share
North America is set to dominate the global multichannel order management (MOM) market owing to presence of large e-tailers and key software providers. Large number of orders as well as disbursal of goods through various modes can drive the demand for the software. Rapid growth of internet users and demand for new customer journeys can bolster regional market growth.
Competitive Analysis:
Selro, IBM, Brightpearl, Vinculum, Oracle, Stitch Labs, Aptean, SAP, Zoho, Salesforce, Freestyle Solutions, Linnworks, HCL Technologies, SellerActive, and Etail Solutions are key players in the global multichannel order management market. Investments in research and development are the main gameplay of players looking to sustain their position.
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Industry News:
FedEx and Salesforce have joined hands on integrating the latter’s cloud software with the former’s multiorder management system for providing solutions to retailers.
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About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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