Asia Pacific Omni-channel Retail Solutions Market Size, Share & Industry Trends Analysis Report By Component, By Channel (In-store Shopping, Online Home Delivery, In-store Pickup), By End-Use, By Deployment, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Omni-channel Retail Solutions Market would witness market growth of 14.4% CAGR during the forecast period (2022-2028).
Customers may take their applications and data with them as they switch between different channels. This ensures that the entire experience is in line with the brand from the very beginning to the very end. To enhance their reach, visibility, and influence with their consumer audiences, many large brands are now utilizing the omnichannel store as a media strategy, in addition to other experiences, within a brick-and-mortar presence.
Retailers are able to provide customers with hyper-convenient and customized shopping experiences at every stage of the customer journey when they deploy an integrated omnichannel strategy. This is true regardless of whether the customer is shopping in-store, online, or via their mobile device. The goal of omnichannel retail is to personalize and streamline the shopping experience for each individual customer at the precise moment when it is most relevant to their needs.
When a better experience is created for customers across all channels, it not only results in increased levels of satisfaction and loyalty from those customers but also provides additional benefits for businesses. Retailers are able to improve their strategies regarding marketing, loyalty programs, merchandising, and inventory management by conducting an analysis of the customer journey. This allows the retailers to allocate resources to the regions in which they will be most effective in meeting the ever-evolving expectations of their customers.
In the following years, the Asia-Pacific region would witness tremendous growth due to the rise of digitalization. The retail industry is undergoing a shift that is expected to raise demand for cutting-edge technology during the coming years in order to improve the customer experience as well as operational efficiency in the Artificial Intelligence in Retail Market. Due to a rise in demand for automation technologies to improve operations and decision-making, India's use of this technology is estimated to increase significantly.
The China market dominated the Asia Pacific Omni-channel Retail Solutions Market by Country in 2021; thereby, achieving a market value of $1.2 billion by 2028. The Japan market is showcasing a CAGR of 13.7% during (2022 - 2028). Additionally, The India market would register a CAGR of 15.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Service. Based on Solution Type, the market is segmented into Order Management, Warehouse/Inventory Management, CRM, Point of Sale, Promotion Planning, Analytics and Others. Based on Channel, the market is segmented into In-store Shopping, Online Home Delivery, In-store Pickup and Others. Based on End-Use, the market is segmented into Apparel & Footwear, FMCG, Consumer Electronics, Hospitality and Others. Based on Deployment, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NCR Corporation, Diebold Nixdorf, Inc., Infosys Limited, Toshiba Corporation, Oracle Corporation, SAP SE, IBM Corporation, Cognizant Technology Solutions Corporation, Salesforce.com, Inc. and Infor, Inc. (Koch Industries).
Scope of the Study
Market Segments Covered in the Report:
- Order Management
- Warehouse/Inventory Management
- Point of Sale
- Promotion Planning
- In-store Shopping
- Online Home Delivery
- In-store Pickup
- Apparel & Footwear
- Consumer Electronics
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- NCR Corporation
- Diebold Nixdorf, Inc.
- Infosys Limited
- Toshiba Corporation
- Oracle Corporation
- SAP SE
- IBM Corporation
- Cognizant Technology Solutions Corporation
- Salesforce.com, Inc.
- Infor, Inc. (Koch Industries)
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