Multichannel Order Management Market Share, Size, Trends, Industry Analysis Report, By Organization Size (SMEs, Large Enterprises); By Component (Software, Services); By Deployment Method; By Vertical; By Application; By Region; Segment Forecast, 2022 - 2

The global multichannel order management market size is expected to reach USD 10.64 billion by 2034 according to a new study by Polaris Market Research. The report “Multichannel Order Management Market Share, Size, Trends, Industry Analysis Report, By Organization Size (SMEs, Large Enterprises); By Component (Software, Services); By Deployment Method; By Vertical; By Application; By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global multichannel order management market is primarily driven by growth in retail sales and the online shopping sector, particularly in emerging nations. Additionally, as businesses become more adaptable and agile, the demand for scalability increases, fueling an ongoing rise in multichannel selling and increasing the need for multichannel order management within several verticals.

The market's growth is stimulated due to the growing number of internet users leading to the demand for multichannel order management. Furthermore, as these are less expensive than conventional methods, multichannel order management is becoming increasingly popular worldwide. Scalability and reduced maintenance costs are two benefits of cloud-based technologies that are driving their growth.

Multichannel Order Management Market Report Highlights

The service segment is expected to have a considerable market share in 2021 due to the increasing adoption of multichannel order management software among several enterprises

Order fulfillment is expected to anticipate the largest market share, as the sale is incomplete until the customer receives the purchased things, whether selling to businesses or consumers directly

Large enterprises are supposed to hold significant market share as they may automate, streamline, and reduce costs as much as possible in the fulfillment process by using multichannel order management software

The cloud category is anticipated to experience the quickest growth over the forecast as it offers a wide choice of adaptable and reasonably priced software and services for precise, real-time delivery from inventory channels

Retail, e-commerce, and wholesale accelerated the most considerable market revenue due to the increasing utilization of cloud computing and big data analytics, which benefits operational efficiency, ease in deployment, and enhance the consumer experience

North America acquired the largest market share due to growing technological adoptions, IT organizations, and ongoing projects in this region

The global market is highly competitive owing to the existence of large industry players with global presence Algopix Holdings Ltd., Browntape Technologies Pvt. Ltd., Cloud Commerce Group Ltd., Constellation Software Inc., Delhivery Pvt. Ltd., GeekSeller LLC, HCL Technologies Ltd., International Business Machines Corp., Linnworks Software Inc., ManageEcom, nChannel, Newfold Digital Inc., and Oracle Corp.

Polaris Market Research has segmented the multichannel order management market report based on component, applications, organization size, deployment mode, verticals, and regions:

Multichannel Order Management, Component Outlook (Revenue - USD Billion, 2020 - 2034)

Software

Services

Multichannel Order Management, Application Outlook (Revenue - USD Billion, 2020 - 2034)

Order Fulfilment

Inventory Management

Channel Integration

Workflow Automation

Integrated POS

Multichannel Order Management, Organization Size Outlook (Revenue - USD Billion, 2020 - 2034)

Large Enterprises

SMEs

Multichannel Order Management, Deployment Mode Outlook (Revenue - USD Billion, 2020 - 2034)

On-premises

Cloud

Multichannel Order Management, Verticals Outlook (Revenue - USD Billion, 2020 - 2034)

Retail, E-commerce, and Wholesale

Manufacturing

Transportation & Logistics

Multichannel Order Management, Regional Outlook (Revenue - USD Billion, 2020 - 2034)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa Show more