Market Overview:
The global retail business management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based solutions and the growing trend of omni-channel retailing. The traditional solution segment is expected to dominate the global retail business management software market during the forecast period, owing to its low cost and easy implementation. However, cloud-based solutions are expected to grow at a higher CAGR than traditional solutions, as they offer several advantages such as scalability, flexibility, and lower Total Cost of Ownership (TCO). North America is estimated to account for the largest share of the global retail business management software market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Retail business management software is a type of software that helps retailers manage their operations. This type of software can help track inventory, sales, and customer information. It can also help manage finances and shipping. Retailers who use this type of software often find that it helps them run their business more efficiently.
Cloud Solutions:
Cloud solutions are the virtual services and software-as-a-service (SaaS) that allows organizations to store data on a server instead of maintaining it on individual devices. The cloud computing technology provides scalability, reliability, and flexibility to businesses by allowing them to store data in the form of objects that can be accessed through multiple channels such as web portals or mobile applications.
Traditional Solution:
Traditional solution is the software which has been used for retail business management from last many years. It includes POS (point of sale) systems, inventory management systems, order management system and other solutions like payment gateway etc. These traditional solutions are now being replaced by cloud-based retail solution as they have some limitations such as it can’t be modified according to the changing needs of retailers and also these traditional solutions require continuous internet connection which can limit the retailer's flexibility in case of emergency.
Application Insights:
The market is segmented by application into the department store, restaurant, shop, e-commerce and others. The shop segment held the largest share in 2017 owing to increasing penetration of e-commerce platforms and growing preference for online shopping due to convenience and ease of use. Moreover, an increase in number of online retailers has led to increased competition among them which will eventually drive their business management software further.
The market for retail business management software is expected to witness significant growth over the forecast period owing to increasing adoption by restaurants & hotels as well as department stores across the globe. A large number of restaurants & hotels are opting for cloud based solutions since it offers flexibility in terms of installation on different types of hardware (laptop/desktop) along with easy access from any device with internet connectivity enabling them run their businesses efficiently without having constant contact with vendors or developers.
Regional Analysis:
North America dominated the global market in 2017. The growth of e-commerce and online retailing has led to an increase in the number of retailers across North America. This, in turn, has increased the adoption of ERP solutions among retailers to manage their business operations efficiently. Furthermore, growing demand for smartphones and tablets among consumers is expected to drive demand for mobile commerce apps that enable consumers to make payments using these devices. This trend is expected to further boost regional growth over the forecast period.
Asia Pacific region accounted for a significant share owing high concentration of small & medium enterprises (SMEs). These SMEs include restaurants, shops, factories etc., which are responsible for most of the businesses within an organization or a city/town/region as well as countrywide or even worldwide economies run by individuals rather than large organizations such as corporations or government departments.
Growth Factors:
- Increasing demand for retail business management software from small and medium-sized businesses (SMBs) due to the advantages offered by these solutions over traditional manual methods.
- The growing trend of cloud-based deployment of retail business management software, which is making these solutions more accessible and affordable for businesses of all sizes.
- The increasing focus on customer retention and loyalty by retailers, which is driving the need for better retail business management software that can help improve operational efficiency and customer engagement.
- The rising demand for omni-channel retailing, which requires retailers to have a comprehensive view of their customers across all channels in order to provide a consistent shopping experience across them all.
- The increasing use of big data analytics in the retail sector, which is helping retailers gain valuable insights into consumer behavior that can be used to improve marketing campaigns and product offerings
Scope Of The Report
Report Attributes
Report Details
Report Title
Retail Business Management Software Market Research Report
By Type
Cloud Solutions, Traditional Solution
By Application
Market, Department Store, Restaurant, Shop, Others
By Companies
HotSchedules, Applied Predictive Technologies, BayBridgeDigital, Computer Resource Center, Enliven Software, Franchise 360, Hades Info Systems, Redder, JustEnough Software, Oriel Infonet Solutions, Retail Express, Retso, Inovretail, In-store execution monitoring, Sysfore Technologies
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Retail Business Management Software Market Report Segments:
The global Retail Business Management Software market is segmented on the basis of:
Types
Cloud Solutions, Traditional Solution
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
Market, Department Store, Restaurant, Shop, Others
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:
- HotSchedules
- Applied Predictive Technologies
- BayBridgeDigital
- Computer Resource Center
- Enliven Software
- Franchise 360
- Hades Info Systems
- Redder
- JustEnough Software
- Oriel Infonet Solutions
- Retail Express
- Retso
- Inovretail
- In-store execution monitoring
- Sysfore Technologies
Highlights of The Retail Business Management Software 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:
- Cloud Solutions
- Traditional Solution
- By Application:
- Market
- Department Store
- Restaurant
- Shop
- Others
- 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 Business Management Software 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
- Market Entry Strategies
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- Product & Brand Management
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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 business management software is a computer program that helps store owners and managers keep track of their businesses' financial data, sales figures, inventory levels, and other important information. The software can also help create marketing plans and budgets, as well as track customer feedback.
Some of the key players operating in the retail business management software market are HotSchedules, Applied Predictive Technologies, BayBridgeDigital, Computer Resource Center, Enliven Software, Franchise 360, Hades Info Systems, Redder, JustEnough Software, Oriel Infonet Solutions, Retail Express, Retso, Inovretail, In-store execution monitoring, Sysfore Technologies.
The retail business management software 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 Business Management Software 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 Business Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Retail Business Management Software 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 Business Management Software 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 Business Management Software Market Size & Forecast, 2018-2028
4.5.1 Retail Business Management Software Market Size and Y-o-Y Growth
4.5.2 Retail Business Management Software Market Absolute $ Opportunity
Chapter 5 Global Retail Business Management Software 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 Business Management Software Market Size Forecast by Type
5.2.1 Cloud Solutions
5.2.2 Traditional Solution
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Retail Business Management Software 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 Business Management Software Market Size Forecast by Applications
6.2.1 Market
6.2.2 Department Store
6.2.3 Restaurant
6.2.4 Shop
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Retail Business Management Software 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 Business Management Software 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 Business Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Retail Business Management Software 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 Business Management Software Market Size Forecast by Type
9.6.1 Cloud Solutions
9.6.2 Traditional Solution
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 Business Management Software Market Size Forecast by Applications
9.10.1 Market
9.10.2 Department Store
9.10.3 Restaurant
9.10.4 Shop
9.10.5 Others
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 Business Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Retail Business Management Software 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 Business Management Software Market Size Forecast by Type
10.6.1 Cloud Solutions
10.6.2 Traditional Solution
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 Business Management Software Market Size Forecast by Applications
10.10.1 Market
10.10.2 Department Store
10.10.3 Restaurant
10.10.4 Shop
10.10.5 Others
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 Business Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Retail Business Management Software 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 Business Management Software Market Size Forecast by Type
11.6.1 Cloud Solutions
11.6.2 Traditional Solution
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 Business Management Software Market Size Forecast by Applications
11.10.1 Market
11.10.2 Department Store
11.10.3 Restaurant
11.10.4 Shop
11.10.5 Others
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 Business Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Retail Business Management Software 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 Business Management Software Market Size Forecast by Type
12.6.1 Cloud Solutions
12.6.2 Traditional Solution
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 Business Management Software Market Size Forecast by Applications
12.10.1 Market
12.10.2 Department Store
12.10.3 Restaurant
12.10.4 Shop
12.10.5 Others
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 Business Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Retail Business Management Software 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 Business Management Software Market Size Forecast by Type
13.6.1 Cloud Solutions
13.6.2 Traditional Solution
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 Business Management Software Market Size Forecast by Applications
13.10.1 Market
13.10.2 Department Store
13.10.3 Restaurant
13.10.4 Shop
13.10.5 Others
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 Business Management Software Market: Competitive Dashboard
14.2 Global Retail Business Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HotSchedules
14.3.2 Applied Predictive Technologies
14.3.3 BayBridgeDigital
14.3.4 Computer Resource Center
14.3.5 Enliven Software
14.3.6 Franchise 360
14.3.7 Hades Info Systems
14.3.8 Redder
14.3.9 JustEnough Software
14.3.10 Oriel Infonet Solutions
14.3.11 Retail Express
14.3.12 Retso
14.3.13 Inovretail
14.3.14 In-store execution monitoring
14.3.15 Sysfore Technologies
