Global Omni-channel Order Management SystemsMarket : Industry Analysis and Forecast (2020-2026)
Global Omnichannel Order Management Systems Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of 4.5% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Omni-channel Order Management Systems Definition:
An omni-channel order management system (OMS) allows an organization to capture all information in the order management process across all relevant channels. This includes the entry of the order, sourcing, payment, and fulfillment information. All fulfillment channels have access to the information, and the retailer can appropriately allocate the inventory depending on stock levels, demand requirements, and timing of fulfillment.
Global Omni-channel Order Management Systems Market Dynamics:
Today’s increasingly complex with more options for customers regarding order and delivery, organizations continue to deal with greater variability and more complex order fulfillment. It makes flexibility in leveraging all supply chain network partners even more critical.Today’s consumers are more knowledgeable, connected, empowered, and mobile.
The internet and social networks provide easy access to product and price information, as well as reviews.
Capabilities such as being able to shop on mobile devices empower consumers to interact with a brand when and where they want. The consumer’s shopping journey is now dynamic. Consumers are constantly evaluating their options and interacting with retailers across channels. The modern consumer researches online before making purchases in-store researches products and alternatives on their mobile device while shopping in-store and even makes purchases online but visits a brick-and-mortar store to collect them.
The shopping journey is an ongoing cycle because the digital touchpoints that consumers interact with are always on and accessible.To respond to consumers’ expectations of a seamless, personalized, and consistent experience with brands, retailers need to take an Omni-channel approach.
There is also a blurring of the lines between the B2B and B2C markets. As more brands decide to go direct to the consumer, the business model is changing. Rather than simply supplying a store with merchandise, these brands now sell directly to consumers. This opens a new market of prospective customers for the OMS suppliers.
OMS suppliers face several strategic issues. Challenges from an integration standpoint, in terms of both technology and business processes that are slowing the growth and overall expansion of omni-channel operations. Many retailers appear to be reluctant to invest in these solutions. Many retailers are still using retail technology and infrastructure that was developed before omni-channel commerce was mainstream. The systems simply cannot scale with the business nor support channel expansion, geographic diversification, the creation of a new brand, or the addition of a new business. All these factors act as restraints to the growth of the Global Omni-channel Order Management Systems Market.
Global Omni-channel Order Management Systems Market Segment Analysis:
The report groups the Global Omni-channel Order Management Systems Marketin different segments by enterprise size, industry, and regionto forecast the revenues and analyze the market share of each segment over the forecast period.
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Based on industry, the Global Omni-channel Order Management Systems Market is segmented into Transportation Management systems, Warehouse Management systems, Sourcing & Procurement, Supply Chain Planning, Manufacturing Execution systems. The Supply chain planning segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Retailers need a central repository for inventory and orders and require an OMS that can leverage fulfilmentcentres throughout the enterprise. Retailers need to use their OMS to move inventory and deliver it to the consumer based on his or her preferred method. For the e-commerce platform and POS to operate efficiently, the only relevant information is synched from the OMS. The OMS must also equip retailers with the tools needed to provide exceptional customer service and a seamless customer experience across all channels.
Based on Enterprise size, the SME segment was dominant in 2019 and is expected to command a market share of xx% by 2026. The increasing number of government initiatives through various digital SME campaigns throughout the globe is expected to drive the growth of small and medium enterprises. The adoption of information technology to enable digital services across different business channels in SMEs is expected to drive the segment demand for the OMS.
Global Omni-channel Order Management Systems Market Regional Insights:
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GLOBAL OMNI-CHANNEL ORDER MANAGEMENT SYSTEMS MARKETREGIONAL MAP
APAC is expected to command the largest market share of xx% by 2026
Government initiatives towards the promotion and deployment of smart solutions and the growth of the e-commerce sector in developing economies like India and China are driving the growth of OMS Market in the region. Growing investment intechnology for productivity enhancement, the need for enhancing supply chain management, and the surge in the volume of real-time inventory data is contributing to the use of OMS in the region. With the increasing need for digitization in businesses and companies, digital supply chain technologies are considered extremely important for the future viability of businesses.
The objective of the report is to present a comprehensive analysis of the Global Omni-channel Order Management Systems Marketto the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includemarket leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Omni-channel Order Management SystemsMarketdynamics, structure by analyzing the market segments and projects Global Omni-channel Order Management Systems Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Omni-channel Order Management Systems Marketmake the report investor’s guide.
Global Omni-channel Order Management Systems Market Scope: Inquire before buying
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Global Omni-channel Order Management Systems Market Key Players:
• Aptos
• enVista
• Fluent Commerce
• IBM
• Infor
• Kibo
• Manhattan Associates
• Mi9 Retail
• OneView Commerce
• Oracle
• Radial
• Softeon
• Symphony RetailAI
• Tecsy
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