About Dispensary Software
The global dispensary software market is expected to witness high growth in the forecasted period due to the high adoption of innovative technologies in the healthcare industry. Dispensary software is a retail management and point of sale solution tailored to the needs of a cannabis retail business. this software helps dispensary owners to Manage inventory for single or multilocation store dispensaries. the growing demand for cannabis is a help to boost the global market. a strong point of sale is a key to success the cannabis dispensary retail. there is the various solution of the dispensary software such as a sale to sale traceability, financial management, maintaining compliance at the retail process is the necessary condition of the legal cannabis space.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Dispensary Software is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Dispensary Software 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.
MJ Freeway (United States), Greenbits (United States), COVA (United States), BioTrack THC (United States), IndicaOnline (United States), Entcart (United States), Flowhub (United States), Viridian Sciences (United States), Trellis (United States) and ShopKeep (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GOFRUGAL Technologies Private Limited (India) and Skulocity, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Dispensary Software market by Type (Cloud-Based and On-Premise), Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and Region.
On the basis of geography, the market of Dispensary 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). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Pharmacy will boost the Dispensary Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption for the Marijuana Dispensary and Growing Demand due to Cloud-Based Solutions
Market Growth Drivers:
Rising Demand due to Availability of Online Tracking System and High Adoption due to Easy Handling Of High Volume
Restraints:
The Growing Concern Regarding Security Concern
Opportunities:
The Growing Healthcare Infrasture In Emerging Countries and Technological Innovation for Associated with Dispensary Software
Market Leaders and their expansionary development strategies
On 30th September 2019, Weedmaps, a leader in technology for the cannabis industry, is now partnering with Cova Software, an award-winning cannabis retail point-of-sale (POS), to deliver enhanced real-time online menu integration. and On 15th August 2019, Star Micronics, a leading manufacturer of mobile, point of sale (POS), and customer engagement technologies, is proud to announce that Cova Software is supporting Star’s mC-Print3 printers for use in its suite of cannabis retail software solutions.
On 18th July 2019, Akerna Corp a leading seed-to-sale regulatory compliance technology provider and developer of the cannabis industry’s first enterprise resource planning (ERP) technology - MJ Platform®, and Leafly, the world’s leading source for consumers to find cannabis, have partnered to provide seamless and real-time data updates. With the integration, MJ Platform users will see their inventory and menus automatically update on Leafly.com. and On Denver, 2nd July 2018, MJ Freeway LLC a wholly-owned subsidiary of Akerna Corp., a regulatory compliance technology company in the legal cannabis space, expands further into Europe by serving clients in two additional countries, Italy and Macedonia.
Key Target Audience
Dispensary Software Developers, Associations and Industry Bodies, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations 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 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.