About Order Tracking Software
Order tracking software is intended to aid and automate the order fulfillment process, shortening the order-to-cash cycle and increasing order processing efficiency for suppliers and wholesalers. Order Management software allows business users to easily enter and convert orders or quotes, keep track of stock levels, search and identify trends from previous invoices, verify shipping preferences, and modify pricing all from a single system. Order management software is frequently integrated with billing software, and functionalities may occasionally overlap. Depending on the product or service offered and the number of customers for whom the user must keep records, Order Management products may also integrate with CRM software and Subscription Management software. The technological advancement and growing digitization are growing the need for order tracking software to fulfill the daily requirements of growing online business.
Attributes | Details |
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Study Period | 2016-2026 |
Base Year | 2020 |
Unit | Value (USD Million) |
The market has seen a massive technological advancement and to grow digitization which has driven the market growth. Post pandemic as the majority of retailers did shift to online business we have seen many new entrances to grab this opportunity and hold a better position in the market. Whereas the big players have tried to develop by mergers and acquisitions and investments in developing better technology to keep up with the competition and hold a higher position in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Order Tracking 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.
IBM Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Salesforce.com (United States), HCL Technologies Limited (India), Zoho Corporation (India), Brightpearl (United States), Stitch Labs (United States), Selro (England) and Linnworks (England) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Freestyle Solutions (United States), Aptean (United States), Etail Solutions (United States), SellerActive (United States), Delhivery (India), Cloud Commerce (India), QuickBooks Commerce (India) and Unicommerce eSolutions (India).
Segmentation Overview
AMA Research has segmented the market of Global Order Tracking Software market by Type (Business to Business and Business to Customer), Application (E-commerce, Healthcare, Food and Beverages and Other) and Region.
On the basis of geography, the market of Order Tracking 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). If we see Market by Components, the sub-segment i.e. Software will boost the Order Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Order Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Growth in E-Commerce and Retail Market is Growing Order Tracking Software Market.
Market Growth Drivers:
Increasing Penetration of Smartphones and Technological Advancements for Growing Digitization is Driving the Market Growth. and Post Pandemic Companies are growing Their Online Transactions and Operations Which Has Driven the Market Exponentially.
Challenges:
High Initial Installation Cost.
Restraints:
Security and Privacy of Confidential Data Will Be A Concerning Factors as Companies Will Be Sharing This Data with Service Providers.
Opportunities:
Technological Development (5G) and Government Initiative for Digitization Will be Generating Many Opportunities.
Market Leaders and their expansionary development strategies
IBM February 2022 announced it has acquired Sentaca, a leading telco consulting services and solutions provider. The acquisition will accelerate IBM's hybrid cloud consulting business, adding critical skills to help communications service providers (CSPs) and media giants modernize on multiple cloud platforms, innovate, and transform their businesses.
Fēnom Digital, a leading global Salesforce Digital Agency, today announced that it has been named a Salesforce Commerce Cloud Partner of the Year for Best Up and Coming Partner 2022. Fēnom Digital accepted the award on Thursday, June 23, during the inaugural Salesforce Commerce Partner Summit in New York City. and The Salesforce Commerce Cloud Partner Awards recognize the outstanding performance of digital transformation commerce partners in the Salesforce ecosystem, taking into account the number of new customers and overall growth
If you outsource any SaaS services to a US public company the US government can access SaaS customer data pursuant to the Foreign Intelligence Security Act (FISA). and FISA allows the US government to access and monitor the personal data of non-US citizens (located outside of the USA) held by US public cloud providers. Public cloud providers must secretly provide all assistance, facilities, and the information requested by the government if they request access to SaaS customer data. The public entity is not permitted to inform the SaaS supplier that it has disclosed or been asked to disclose personal data, nor that the data is being monitored.
Key Target Audience
E-commerce, IT Consultancy companies, New Entrants and Investors, Legalized Cannabis Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private 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.