Multichannel Order Management Market Size Worth $5.48 Billion By 2030 | CAGR: 9.4%

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

• The service segment is expected to have a considerable market share in 2021 due to the increasing adoption of multichannel order management software among several enterprises
• Order fulfillment is expected to anticipate the largest market share, as the sale is incomplete until the customer receives the purchased things, whether selling to businesses or consumers directly
• Large enterprises are supposed to hold significant market share as they may automate, streamline, and reduce costs as much as possible in the fulfillment process by using multichannel order management software
• The cloud category is anticipated to experience the quickest growth over the forecast as it offers a wide choice of adaptable and reasonably priced software and services for precise, real-time delivery from inventory channels
• Retail, e-commerce, and wholesale accelerated the most considerable market revenue due to the increasing utilization of cloud computing and big data analytics, which benefits operational efficiency, ease in deployment, and enhance the consumer experience
• North America acquired the largest market share due to growing technological adoptions, IT organizations, and ongoing projects in this region
• The global market is highly competitive owing to the existence of large industry players with global presence Algopix Holdings Ltd., Browntape Technologies Pvt. Ltd., Cloud Commerce Group Ltd., Constellation Software Inc., Delhivery Pvt. Ltd., GeekSeller LLC, HCL Technologies Ltd., International Business Machines Corp., Linnworks Software Inc., ManageEcom, nChannel, Newfold Digital Inc., and Oracle Corp.

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)

• Software
• Services

Multichannel Order Management, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Order Fulfilment
• Inventory Management
• Channel Integration
• Workflow Automation
• Integrated POS

Multichannel Order Management, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)

• Large Enterprises
• SMEs

Multichannel Order Management, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)

• On-premises
• Cloud

Multichannel Order Management, Verticals Outlook (Revenue - USD Billion, 2018 - 2030)

• Retail, E-commerce, and Wholesale
• Manufacturing
• Transportation & Logistics

Multichannel Order Management, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa