Market Overview:
The global retail assortment management applications market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for retail assortment management applications across different channels, such as stores, online, and mobile channels. Additionally, the growing trend of omni-channel retailing is also contributing to the growth of this market.
Product Definition:
Retail Assortment Management Applications is the process of planning, organizing, and controlling the merchandise within a retail store. It helps retailers to make strategic decisions about what products to carry in their stores, as well as when and where to place them. Retailers use a variety of tools to manage their assortments, including product scanners, computer software programs, and manual spreadsheets.
Web Services APIs:
Web Services APIs, also known as WSDL or Web API is a set of specifications which allows software developers to build dynamic applications by utilizing cloud-based services. It provides common means for communication between different systems and enables service-oriented architecture (SOA). The technology helps in reducing costs associated with developing new applications and instead focuses on reusing existing application components.
Thin Client Applications:
Thin client applications are those that run on a minimalistic operating system and hence they provide limited functionalities. Thin client applications are used in retail assortment management application to perform specific tasks such as reordering, backorder management, receiving & shipping tracking and inventory monitoring. These applications have low storage capacity compared to thick client counterparts; however, they offer several advantages including low power consumption and lesser network traffic due to which retailers prefer them over the thick clients.
Application Insights:
The stores application segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The segment growth can be attributed to increasing demand for physical retail spaces with a wide product range where consumers can find everything within seconds. Moreover, rising consumer preference towards online shopping due to various benefits such as convenience, ease of access and selection is further driving the adoption of assortment management solutions at stores level.
Online channel application segment is expected register significant growth over the forecast period owing to growing e-commerce industry across regions coupled with increasing popularity of mobile applications that help retailers manage their inventory across different channels including web, brick & mortar shops and mobile applications.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing penetration of e-commerce, rising investments in omnichannel retailing, and advancements in IT infrastructure. Furthermore, growing middle-class populations coupled with rapid urbanization across emerging economies such as China and India are expected to drive demand for consumer electronics products including mobile phones and laptops among others. This has led global manufacturers/suppliers of these products to expand their operations within this region by opening distribution channels with retailers/third parties appointed as agents or distributors.
North America held a significant market share owing to early adoption of technologies such as Global Retail Assortment Management (GRAM) solutions by large retailers such as Walmart Inc., Kroger Co., Amazon Web Services LLC among others which have significantly contributed towards regional growth over the past few years.
Growth Factors:
- Increasing demand for omni-channel retailing: The growth of e-commerce has led to the increased demand for retailers to provide an omni-channel experience to their customers. This means that customers should be able to purchase products from the retailer in any way they want, whether it is through the retailer's website, mobile app, in-store, or by telephone. Retail assortment management applications help retailers manage their product inventory and offerings across all sales channels. As a result, these applications are becoming increasingly important for retailers looking to offer an optimal customer experience.
- Rising pressure on margins: In order to remain competitive and profitable, retailers are under increasing pressure to keep their prices low while still offering a wide selection of products. Retail assortment management applications can help reduce costs by helping retailers optimize their product assortments based on sales data and trends. This allows retailers to focus on selling high margin items while removing less profitable items from their inventory mix.
Scope Of The Report
Report Attributes
Report Details
Report Title
Retail Assortment Management Applications Market Research Report
By Type
Web Services APIs, Thin Client Applications
By Application
Stores, Online, Mobile Channels
By Companies
IBM, SAS, 7thonline, TXT e-solutions, Periscope, Oracle, JDA Software, BOARD International, JustEnough, RELEX Solutions, Logility, o9 Solutions, Celect, Infor, SAP, Softvision
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Retail Assortment Management Applications Market Report Segments:
The global Retail Assortment Management Applications market is segmented on the basis of:
Types
Web Services APIs, Thin Client Applications
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
Stores, Online, Mobile Channels
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:
- IBM
- SAS
- 7thonline
- TXT e-solutions
- Periscope
- Oracle
- JDA Software
- BOARD International
- JustEnough
- RELEX Solutions
- Logility
- o9 Solutions
- Celect
- Infor
- SAP
- Softvision
Highlights of The Retail Assortment Management Applications 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:
- Web Services APIs
- Thin Client Applications
- By Application:
- Stores
- Online
- Mobile Channels
- 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 Retail Assortment Management Applications 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.
How you may use our products:
- 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?
Retail assortment management applications are software programs that help retailers manage the variety and quantity of products they sell. These applications can be used to keep track of inventory levels, determine which products are selling well, and make decisions about what new products to bring into stores.
Some of the major players in the retail assortment management applications market are IBM, SAS, 7thonline, TXT e-solutions, Periscope, Oracle, JDA Software, BOARD International, JustEnough, RELEX Solutions, Logility, o9 Solutions, Celect, Infor, SAP, Softvision.
The retail assortment management applications market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Retail Assortment Management Applications 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 Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size & Forecast, 2018-2028
4.5.1 Retail Assortment Management Applications Market Size and Y-o-Y Growth
4.5.2 Retail Assortment Management Applications Market Absolute $ Opportunity
Chapter 5 Global Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size Forecast by Type
5.2.1 Web Services APIs
5.2.2 Thin Client Applications
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size Forecast by Applications
6.2.1 Stores
6.2.2 Online
6.2.3 Mobile Channels
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Retail Assortment Management Applications 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 Retail Assortment Management Applications 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 Retail Assortment Management Applications Analysis and Forecast
9.1 Introduction
9.2 North America Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size Forecast by Type
9.6.1 Web Services APIs
9.6.2 Thin Client Applications
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 Retail Assortment Management Applications Market Size Forecast by Applications
9.10.1 Stores
9.10.2 Online
9.10.3 Mobile Channels
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 Retail Assortment Management Applications Analysis and Forecast
10.1 Introduction
10.2 Europe Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size Forecast by Type
10.6.1 Web Services APIs
10.6.2 Thin Client Applications
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 Retail Assortment Management Applications Market Size Forecast by Applications
10.10.1 Stores
10.10.2 Online
10.10.3 Mobile Channels
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 Retail Assortment Management Applications Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size Forecast by Type
11.6.1 Web Services APIs
11.6.2 Thin Client Applications
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 Retail Assortment Management Applications Market Size Forecast by Applications
11.10.1 Stores
11.10.2 Online
11.10.3 Mobile Channels
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 Retail Assortment Management Applications Analysis and Forecast
12.1 Introduction
12.2 Latin America Retail Assortment Management Applications 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 Retail Assortment Management Applications Market Size Forecast by Type
12.6.1 Web Services APIs
12.6.2 Thin Client Applications
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 Retail Assortment Management Applications Market Size Forecast by Applications
12.10.1 Stores
12.10.2 Online
12.10.3 Mobile Channels
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) Retail Assortment Management Applications Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Retail Assortment Management Applications 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) Retail Assortment Management Applications Market Size Forecast by Type
13.6.1 Web Services APIs
13.6.2 Thin Client Applications
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) Retail Assortment Management Applications Market Size Forecast by Applications
13.10.1 Stores
13.10.2 Online
13.10.3 Mobile Channels
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 Retail Assortment Management Applications Market: Competitive Dashboard
14.2 Global Retail Assortment Management Applications Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 SAS
14.3.3 7thonline
14.3.4 TXT e-solutions
14.3.5 Periscope
14.3.6 Oracle
14.3.7 JDA Software
14.3.8 BOARD International
14.3.9 JustEnough
14.3.10 RELEX Solutions
14.3.11 Logility
14.3.12 o9 Solutions
14.3.13 Celect
14.3.14 Infor
14.3.15 SAP
14.3.16 Softvision
