What is Retail Operations Software?
Retail operations software is designed for brick-and-mortar stores to smooth out store snags and help retailers to optimize daily operations. It provides integration among the company’s headquarters, stores, warehouses, suppliers, and all retail business formats. The software is integrated with various systems such as POS systems, retail management systems, task management software, and other retail software to collect the data and gain insights including pricing, inventory management, store layout, etc. This helps retailers to increase sales and maximize profit margin. Retail operations software helps to gain insights about market conditions, real-time view of store performance, stock, collection, and make faster decisions for pricing, promotions by reducing operational cost and eliminating complexity.
The market study is broken down and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Retail Operations Software market throughout the predicted 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.
RetailOps (United States), IBM (United States), Oracle Corporation (United States), Blue Yonder (United States), 42 Technologies, Inc. (United States), POPProbe (United States), Askuity (Canada), BRdata (United States), NovacTech (India), Zebra Technologies (United States), Axper (Canada), SPS Commerce (United States) and CB4 (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Retail Operations Software market by Type, Application and Region.
On the basis of geography, the market of Retail Operations Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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, the sub-segment i.e. Cloud will boost the Retail Operations Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Supermarkets will boost the Retail Operations Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Digital Transformation in Retail Industry and Growing Popularity of Cloud-based Solutions
Market Drivers
- Growing Need for Software Solutions to Reduce Shortage of Goods and Offer Enhanced Shopping Experience
- Increasing Demand for Retail operations Software to Gain Real-time Insights of Stores at Reduces Cost
Opportunities
- Rapidly Developing Leisure Brand Stores in Urban and Metropolitan Regions
Restraints
- High Cost of Software Upgrades and Connectivity Issues
Challenges
- Inadequate Knowledge About Computer and Advanced Software
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Retail Operations Software Providers, Suppliers & Distributors of Smart Store Hardware, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.