Increasing demand for inventory management techniques is fueling the growth of the on-shelf availability solutions market.
Globally, the on-shelf availability solutions market is expected to grow with a CAGR of more than 9.9% during the forecast period from 2019 to 2027. On-shelf availability solutions are the tools that help the store managers or retailers keep track, manage, and analyse the stock of the product available in the inventory and in the store.
With a growing business sector, there is a growing need for inventory management, which is largely driving the demand for on-shelf availability solutions. Also, rapid adoption of digitization is helping people adopt various new tools to support inventory management in their premises. These tools not only help them monitor the stock but also help them detect issues that would affect profits in the future.
As these tools are based on modern technology such as RFID and the Internet of Things, their dependability is comparatively high, and they are thus used by numerous people across the globe.
Moreover, factors such as technological advancements developing the retail sector, increasing strategic alliances of retailers and suppliers, and the adoption of automation techniques in business management are also fueling the growth of this market during the forecast period. However, lack of technical skills, risks associated with access to unauthorised data, and the high cost of implementation are some of the factors that would hamper market growth.
Market Synopsis
The software segment is expected to witness significant growth in the coming years.
Based on component, the on-shelf availability solutions market is segmented into software and services. The software segment is projected to witness rapid growth during the forecast period owing to its high adoption across various commercial and industrial sectors.
These programmes are used for various applications such as historical data analysis, vendor pattern analysis, and risk analysis. Companies offer customised software solutions to customers according to their requirements.
This also creates a significant demand for these solutions. Moreover, the services segment is also projected to grow at a stagnant rate during the forecast period.
North America to dominate the on-shelf availability solutions market
In the global on-shelf availability solutions market, North America holds the leading position as this region has perceived rapid technological expansion. In addition to this, rapid growth in the number of retailer stores and increasing dependency on digital tools, mobile devices, and the internet are also driving growth in the on-shelf availability solutions market in this region.
However, emerging countries in the Asia-Pacific region and Europe are expected to grow at a rapid rate. Factors such as the expansion of local and international players in this region and developments in the business sector are contributing to the growth of the on-shelf availability solutions market in this region.
Some of the prominent players operating in the on-shelf availability solutions market include International Business Machines (IBM) Corporation, Panasonic Corporation, SAP SE, MindTree Ltd., Impinj, Inc., Retail Solutions Inc., Market6, Inc., Retail Velocity, Lokad, Frontier Field Marketing, Verix, Inc., NEOGRID, Enterra Solutions LLC, and eBest IOT, among others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The on-shelf availability solutions market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global on-shelf availability solutions market based on component, deployment model, application, end user, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of on-shelf availability solutions in 2018 and the forecast up to 2027?
Which is the largest regional market for the software segment?
What are the major trends followed in the on-shelf availability solutions market across different regions?
Who are the key companies providing on-shelf availability solutions and leading the market?
What are the key strategies adopted by the leading on-shelf availability solution companies in the market?
Unique data points of this report
Statistics on on-shelf availability solutions penetration and spending worldwide
Recent trends across different regions in terms of adoption of on-shelf availability solutions for various applications in various industries
Notable developments are going on in the on-shelf availability solutions industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for On-shelf Availability Solutions Market is expected to reach USD$ 9.60 Bn in 2027.
The On-shelf Availability Solutionst Market is expected to see significant CAGR growth over the coming years, at 9.9%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Panasonic Corporation, SAP SE, MindTree Ltd., Impinj, Inc., Retail Solutions Inc., Market6, Inc. are some of the major players in the global market.
