Market Overview:
The global out-of-stock detection market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for retail store and supermarket applications, and rising adoption of cloud-based out-of-stock detection solutions. North America is expected to hold the largest share of the global out-of-stock detection market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness the highest CAGR during the forecast period due to rising demand for retail stores and supermarkets in countries such as China and India.
Product Definition:
An inventory management system is designed to detect when inventory falls below a certain level, indicating that the product may be out of stock. This allows businesses to take action to ensure they have enough stock on hand to meet customer demand. Out-of-stock detection is an important feature for any business that relies on inventory for revenue.
On-premises:
On-premises, it's usage and growth factor in Out-of-Stock Detection market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing demand for out of stock or low inventory management systems coupled with growing adoption of cloud technology. Also, rising need to curb operational costs along with benefits offered by on premise software such as easy customization and deployment is further driving the growth of this market.
Cloud Based:
Cloud-based out of stock detection is a software solution that helps retailers to identify the stocks that are running low and take preventive measures in time. It also helps them to manage their inventory efficiently by providing real-time supply chain visibility. The increasing demand for out of stock management solutions has led to an increase in investments by market players, which has further boosted the growth of this industry over the past few years.
Application Insights:
The retail store application segment led the market in 2017 and is projected to continue its dominance over the forecast period. The growing e-commerce industry has resulted in an increased number of out-of-stocks across various retail stores globally. As per a study by UPS, Inc., 51% of online retailers suffer from inventory shortage problems at least once a year, which contributes to low profitability of e-commerce businesses. In addition, as per L2L Logistics research paper titled ¢â‚¬Å“Inventory Turns: The Key Metric for Monitoring Retail Distribution Center Performance¢â‚¬ published in 2016, it was estimated that between 40% and 60% of total warehouse costs are spent on handling stock issues such as out-of -stocks at warehouses. This factor is anticipated to drive demand for OOS detection solutions over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This growth can be attributed to various factors such as increasing adoption of out-of-stock management solutions, high demand for online shopping, and rising retail chain stores in North America. Moreover, presence of key players such as Amazon Web Services Inc.; Google LLC; IBM Corporation; and Microsoft Corporation has contributed significantly toward regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to growing e-commerce industry coupled with increasing number of online shoppers across countries like China and India who prefer buying products from supermarkets rather than other offline channels due to convenience offered by latter ones including no queues, less wait time for payment etc., thereby driving demand for OOSD systems in these markets at a significant pace during the forecast years from 2018 To 2030 (as reported by GSMA).
Growth Factors:
- Increasing demand for fast and accurate inventory management solutions across various industries
- Proliferation of omni-channel retailing that has led to increased complexities in inventory management
- Growing need for better supply chain visibility to improve forecasting and optimize stock levels
- Rising popularity of cloud-based solutions that offer scalability and flexibility
- Emergence of artificial intelligence and machine learning technologies that can help automate out-of-stock detection
Scope Of The Report
Report Attributes
Report Details
Report Title
Out-of-Stock Detection Market Research Report
By Type
On-premises, Cloud Based
By Application
Retail Store, Supermarket
By Companies
Panasonic, Trax Retail, Neal Analytics, Focal Systems, Badger Technologies, ThirdEye Labs, Vision IOT, Pensa Systems, Infilect, Repsly, ShelfWise, Lokad
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Out-of-Stock Detection Market Report Segments:
The global Out-of-Stock Detection market is segmented on the basis of:
Types
On-premises, Cloud Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Store, Supermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Trax Retail
- Neal Analytics
- Focal Systems
- Badger Technologies
- ThirdEye Labs
- Vision IOT
- Pensa Systems
- Infilect
- Repsly
- ShelfWise
- Lokad
Highlights of The Out-of-Stock Detection Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premises
- Cloud Based
- By Application:
- Retail Store
- Supermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Out-of-Stock Detection Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Out-of-stock detection is a feature that helps you keep track of items in your inventory that are no longer available for purchase. When an item enters out-of-stock status, the system will notify you and allow you to either place a hold on the item or cancel your order.
Some of the key players operating in the out-of-stock detection market are Panasonic, Trax Retail, Neal Analytics, Focal Systems, Badger Technologies, ThirdEye Labs, Vision IOT, Pensa Systems, Infilect, Repsly, ShelfWise, Lokad.
The out-of-stock detection market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Out-of-Stock Detection Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Out-of-Stock Detection Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Out-of-Stock Detection Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Out-of-Stock Detection Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Out-of-Stock Detection Market Size & Forecast, 2018-2028
4.5.1 Out-of-Stock Detection Market Size and Y-o-Y Growth
4.5.2 Out-of-Stock Detection Market Absolute $ Opportunity
Chapter 5 Global Out-of-Stock Detection Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Out-of-Stock Detection Market Size Forecast by Type
5.2.1 On-premises
5.2.2 Cloud Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Out-of-Stock Detection Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Out-of-Stock Detection Market Size Forecast by Applications
6.2.1 Retail Store
6.2.2 Supermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Out-of-Stock Detection Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Out-of-Stock Detection Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Out-of-Stock Detection Analysis and Forecast
9.1 Introduction
9.2 North America Out-of-Stock Detection Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Out-of-Stock Detection Market Size Forecast by Type
9.6.1 On-premises
9.6.2 Cloud Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Out-of-Stock Detection Market Size Forecast by Applications
9.10.1 Retail Store
9.10.2 Supermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Out-of-Stock Detection Analysis and Forecast
10.1 Introduction
10.2 Europe Out-of-Stock Detection Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Out-of-Stock Detection Market Size Forecast by Type
10.6.1 On-premises
10.6.2 Cloud Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Out-of-Stock Detection Market Size Forecast by Applications
10.10.1 Retail Store
10.10.2 Supermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Out-of-Stock Detection Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Out-of-Stock Detection Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Out-of-Stock Detection Market Size Forecast by Type
11.6.1 On-premises
11.6.2 Cloud Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Out-of-Stock Detection Market Size Forecast by Applications
11.10.1 Retail Store
11.10.2 Supermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Out-of-Stock Detection Analysis and Forecast
12.1 Introduction
12.2 Latin America Out-of-Stock Detection Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Out-of-Stock Detection Market Size Forecast by Type
12.6.1 On-premises
12.6.2 Cloud Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Out-of-Stock Detection Market Size Forecast by Applications
12.10.1 Retail Store
12.10.2 Supermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Out-of-Stock Detection Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Out-of-Stock Detection Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Out-of-Stock Detection Market Size Forecast by Type
13.6.1 On-premises
13.6.2 Cloud Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Out-of-Stock Detection Market Size Forecast by Applications
13.10.1 Retail Store
13.10.2 Supermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Out-of-Stock Detection Market: Competitive Dashboard
14.2 Global Out-of-Stock Detection Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Trax Retail
14.3.3 Neal Analytics
14.3.4 Focal Systems
14.3.5 Badger Technologies
14.3.6 ThirdEye Labs
14.3.7 Vision IOT
14.3.8 Pensa Systems
14.3.9 Infilect
14.3.10 Repsly
14.3.11 ShelfWise
14.3.12 Lokad
