The global multichannel order management market size is expected to reach USD 5.48 billion by 2030 according to a new study by Polaris Market Research. The report “Multichannel Order Management Market Share, Size, Trends, Industry Analysis Report, By Organization Size (SMEs, Large Enterprises); By Component (Software, Services); By Deployment Method; By Vertical; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global multichannel order management market is primarily driven by growth in retail sales and the online shopping sector, particularly in emerging nations. Additionally, as businesses become more adaptable and agile, the demand for scalability increases, fueling an ongoing rise in multichannel selling and increasing the need for multichannel order management within several verticals.
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The market's growth is stimulated due to the growing number of internet users leading to the demand for multichannel order management. Furthermore, as these are less expensive than conventional methods, multichannel order management is becoming increasingly popular worldwide. Scalability and reduced maintenance costs are two benefits of cloud-based technologies that are driving their growth.
Multichannel Order Management Market Report Highlights
Polaris Market Research has segmented the multichannel order management market report based on component, applications, organization size, deployment mode, verticals, and regions:
Multichannel Order Management, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Multichannel Order Management, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Multichannel Order Management, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)
Multichannel Order Management, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
Multichannel Order Management, Verticals Outlook (Revenue - USD Billion, 2018 - 2030)
Multichannel Order Management, Regional Outlook (Revenue - USD Billion, 2018 - 2030)