"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 to keep track, manage and analyze the stock of the product available in the inventory and in the store. With growing business sector, there is 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 the profits in future. As these tools are based on modern technology such as RFID, and Internet of Things, its dependability is comparatively high, and thus are 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 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 unauthorized data, and high cost of implementation are some of the factors that would hamper the market growth.
Market Synopsis
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"The software segment is expected witness a significant growth in coming years"
Based on component, the on-shelf availability solutions market is segmented into software and services. The software segment is projected to witness a rapid growth during the forecast period owing to its high adoption across various commercial and industrial sector. These software are used for various applications such as historical data analysis, vendor pattern analysis and risk analysis. Companies offer customized software solutions to the customer according to their requirements. This also creates a significant demand for these solutions. Moreover, services segment is also projected to grow at a stagnant rate during the forecast period.
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"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 number of retailer stores and increasing dependency on digital tools, mobile and internet is also driving growth in the on-shelf availability solutions market in this region. However, emerging countries in the Asia-Pacific region and Europe is expected to grow at a rapid growth rate. Factors such as expansion of local and international players in this region, and development in the business sector are contributing to the growth of on-shelf availability solutions market in this region.
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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 & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments 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 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:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Component Segment (2017–2027; US$ Bn)
• Software
• Services
|
|
Deployment Model Segment (2017–2027; US$ Bn)
• On-premise
• Cloud
|
|
Application Segment (2017–2027; US$ Bn)
• Historical Data Analysis
• Response Time Analysis
• Vendor Pattern Analysis
• Potential Risk Analysis
• Others
|
|
End User Segment (2017–2027; US$ Bn)
• CPG Manufacturer
• Retailer
• Online Retailer
• Suppliers
• Warehouse
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of on-shelf availability solutions in 2018 and forecast up to 2027?
- Which is the largest regional market for software segment?
- What are the major trends followed in on-shelf availability solutions market across different regions?
- Who are the key on-shelf availability solutions companies leading the market?
- What are the key strategies adopted by the leading on-shelf availability solutions companies in 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 going on in on-shelf availability solutions industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
