Order management software is the tool that is designed to facilitate and automate the order fulfillment process, reducing the time in the order-to-cash cycle, and improving order processing efficiency. Order management software constantly updated information of inventory, information on billing & payments, maintain a record of customer returns & refunds, order processing records, database of vendors & customers, and general ledger information. This, in turn, rising the implementation of order management software among the wholesalers, retailers, distributors, etc. which propel the growth of the market.
MARKET SCOPE
The "Global Order Management Software Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the order management software market with detailed market segmentation by deployment type, application, and geography. The report provides key statistics on the market status of the leading order management software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on deployment type, the global order management software market is segmented into cloud and on-premises.
- On the basis of application, the market is segmented into retail and e-commerce, consumer goods , healthcare, telecom, and others.
MARKET DYNAMICS
Drivers:
- An increasing number of transactions, growing trade volumes, need to minimize operational risks and to control trade-processing costs drive the growth of the order management software market.
- Growing digitalization, rising need to automate the process, and growing adoption of cloud-based deployment due to its efficient functioning as well as less operational cost are expected to fuel the growth of the order management software market.
Restraints:
- Security concerns may hinder the growth of the order management software market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The order management software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the order management software market in these regions.
IMPACT OF COVID-19 ON ORDER MANAGEMENT SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the order management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from order management software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the order management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Handshake Corp.
- IBM
- Multiorders, Ltd
- Oracle
- Orderhive (OpenXcell)
- Salesforce.com Inc.
- SAP SE
- TradeGecko Pte. Ltd.
- Webgility
- Zoho Corporation Private Limited