What is Franchise Management Software Market?
Franchise Management software allows for streamlined management and communication throughout a franchised corporation. In other words, the software can be perceived to be a platform which facilitates collaboration between franchisers and franchisees. It also assists in increasing engagement between the two parties regarding various aspects of the business such as marketing, sales, branding, CRM, inventory management, and others.
The market study is being classified, by Application (Education, Logistics, Manufacturing Industry, Non-Profit Organizations and Retail) and major geographies with country level break-up.
Zoho (India), Madwire (United States), ServiceM8 (Australia), Jolt (United States), FranConnect (United States), Configio (United States), MarcomCentral (United States), Vonigo (Canada), Shortcuts Software (Australia), The Better Software Company (Canada) and Naranga (Argentina) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cybex Systems (Canada), FranchiseBlast (Canada), AdHawk (United States) and GreyRidge (United Kingdom).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Franchise Management Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Franchise Management Software market by Type, Application and Region.
On the basis of geography, the market of Franchise Management Software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Need for Franchise Management Software
- Benefits Such as Increasing Sales is Fuelling the Market Growth
Market Trend
- Increased Technological Advancements in Software
Restraints
- High Costs Associated with the Instalment of Software
Opportunities
- Growing Franchise Business is Boosting the Market
Challenges
- Lack of Skilled Workforce May Hamper the Market
FranConnect has launched FranConnect Sky which helps to more effectively manage, track and run their franchise systems.
Key Target Audience
Businesses, Government associations, Research organisations, Software vendors and Others