Published Date: 18-Aug-2021
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According to a new report Global Multichannel Order Management Market, published by KBV research, The Global Multichannel Order Management Market size is expected to reach $4.1 billion by 2027, rising at a market growth of 10.4% CAGR during the forecast period.
The large enterprises segment acquired a major revenue share of the market. Though, the SMEs segment would witness a prominent growth rate throughout the forecast period. Large enterprises are considering multiple channels to outreach the maximum number of people and fulfill their requirements, resulting in getting orders from multiple channels. Therefore, multichannel order management solutions have been used by these companies with an aim to prevent problems associated with omnichannel and inventory management.
The Cloud market dominated the Global Multichannel Order Management Market by Deployment Type 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 11.3 % during the forecast period. The On-premise market is expected to witness a CAGR of 9.1% during (2021 - 2027).
The Asia Pacific would witness a healthy growth rate. Factors such as growing demand for advanced solutions, that are cloud-supported and cloud-driven, have led to a massive demand for multichannel order management solutions in Asia-Pacific, hence leading to massive investments and technological developments across different industries. The regional market would witness promising growth on account of the fact that companies are highly accepting order management solutions in order to cater to the growing demands of their customers.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, SAP SE, Oracle Corporation, Salesforce.com, Inc., HCL Technologies Ltd. (HCL Enterprises), Zoho Corporation Pvt. Ltd., Square, Inc. (Stitch Labs, Inc.), Aptean, SalesWarp, Inc., and Etail Solutions LLC
By Deployment Type
By Enterprise Size
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