Global Multichannel Order Management Market 2019-2023
About Multichannel Order Management
The multichannel order management system is a simple and efficient real-time end-to-end tracking solution, which involves multiple parties such as service providers, payment service providers, and third-party order receivers on a single platform.
Technavio’s analysts forecast the Global Multichannel Order Management Market to grow at a CAGR of 10.07% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global multichannel order management market. To calculate the market size, the report considers the revenue generated from the adoption of multichannel order management solution.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Multichannel Order Management Market 2019-2023
Technavio recognizes the following companies as the key players in the global multichannel order management market: HCL Technologies, IBM, Oracle, Salesforce.com, and SAP.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the emergence of smart cities.” Smart cities refer to an interconnection of several digital technologies that will enhance communication among devices while improving their performance, reducing costs, and aiding in the efficient use of resources.
According to the report, one driver influencing this market is the need to improve the business efficiency. Multichannel order management solutions generate a substantial amount of data, which can lead to enhanced business productivity by using several predictive mechanisms and risk-averting models.
Further, the report states that one challenge affecting this market is the lack of quality standards in SLAs. Service-level-agreements (SLAs) establish a contract between the service provider (either internal or external) and the end-user.