About Merchandise Assortment Management Applications
Assortment & Merchandising benefits in strategic planning, merchandise planning, assortment planning, slow seller management, location planning, and others. The top retail companies are heavily adopted assortment management applications. This benefits in increasing sales volume, and less risk of obsolescence and markdowns, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are discovering in this market are exploring their footprint in new geographic regions by adopting various mergers & acquisitions, expansions, investments, new product launches, and collaborations as their strategies. The market players are exploring new areas by developing business models through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Merchandise Assortment Management Applications market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAS Institute Inc. (United States), Blue Yonder (United States), TXT e-solutions S.p.A. (Italy), Oracle (United States), IBM (United States), 09 Solutions (United States), JustEnough (United States), Board International (Switzerland), Infor (United States) and SAP (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are STORIS (United States), Sofco (United Kingdom), 7thonline (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Merchandise Assortment Management Applications market by Type (Pre-Season Planning and In-Season Planning), Application (Manufacturing and Retail) and Region.
On the basis of geography, the market of Merchandise Assortment Management Applications has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Merchandise Assortment Management Applications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organization will boost the Merchandise Assortment Management Applications market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Investment in Technology Development
Market Growth Drivers:
Increase in Number of Retailers and The Rise in Adoption of Cloud, Big Data, Advanced Analytics, and Algorithmic Approaches to Improve Retail Performance
Challenges:
Rapid Change in Technology Development
Restraints:
Complex to Perform, Required Professional Support
Opportunities:
Advancement in Manufacturing Industry
Market Leaders and their expansionary development strategies
In August 2022, Aptean, a global provider of mission-critical enterprise software solutions, and Aptos, a leading provider of retail technology solutions, announced that they have entered into a definitive agreement through which Aptean will acquire Aptos’ planning and product lifecycle management division. The planned purchase will expand Aptean’s cloud-based software offerings for the apparel, luxury, fashion and specialty retail industries, and broaden its fashion and apparel footprint. Following the transaction, Aptos will continue its focus on its suite of unified commerce solutions for the retail space, including its point of sale, order management, merchandising and other retail-specific applications.
In March 2023, The LEAFIO AI Retail Solutions announced the release of the Assortment Performance solution that will help our clients achieve a new level of excellence in retail, distribution and manufacturing management.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Merchandise Assortment Management Applications Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.