Asia Pacific Retail Execution Software Market
No. of Pages: 97 | Report Code: TIPRE00020990 | Category: Technology, Media and Telecommunications
No. of Pages: 97 | Report Code: TIPRE00020990 | Category: Technology, Media and Telecommunications
China, India, Japan, South Korea, and Australia are the major countries in APAC. The region is well-known for technological innovations in these countries. Liberal retail policies in effect, the removal of trade barriers and foreign investment constraints, and links to the World Trade Organization (WTO) are supporting the growth of the retail sector in the abovementioned APAC countries. India has recently liberalized its policies, which will contribute to greater growth and make business easier. Moreover, rapid technological developments, government initiatives, economic digitalization, and rising disposable income (especially of the middle-income class group) are among the significant factors contributing to the overall economy growth of the region. APAC is projected to register the fastest CAGR in the market during the forecast period. It has robust IT infrastructure, with secure software and services offerings; and strong positions in areas of development such as AI. Furthermore, the countries in the region are witnessing high population growth, which encourages the growth of the retail and e-commerce industries. Also, Big data analytics technology being adopted in retail Industry software is a major factor driving the APAC retail execution software market.
The COVID-19 outbreak has negatively affected the APAC region. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rise in disposable income. All these factors make APAC a major driving region for various markets, including retail execution software. A large number of smartphone users, online shoppers, and the growing e-commerce sector in this region present a huge opportunity for the growth of the global retail execution software market. Due to the pandemic, social distancing and staying home have pushed the consumers toward online shopping. Nevertheless, uncertain consumer demand and supply chain problems have affected the e-commerce industry in the region. The e-commerce industry includes healthcare, beauty & personal care, and electronics. The coronavirus outbreak had an impact on these industries owing to the uncertainty in the supply chain and consumer demand. The e-commerce supply chains are mainly strained by the pandemic and factory closures in China. The lockdown of various factories in China is affecting the global supply chains and negatively impacting manufacturing, retail execution schedules, and sales of various products and services. China has recently emerged from a 2-month containment phase and moved into the mitigation stage; however, the economic growth is still declining due to uncertainty around the COVID-19 outbreak. The governments are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns, travel bans, and trade bans. All these measures are expected to have a negative impact on the adoption and growth of retail execution software, especially in the logistics and e-commerce sector in 2020 and 2021.
Strategic insights for the Asia Pacific Retail Execution Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 50.14 Million |
| Market Size by 2027 | US$ 90.49 Million |
| Global CAGR (2020 - 2027) | 9.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Enterprise Size
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Retail Execution Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The retail execution software market in APAC is expected to grow from US$ 50.14 million in 2019 to US$ 90.49 million by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. Payment gateways are broadly used for cashless transactions. They transfer the data related to a transaction between the bank and the billing portal. Payment gateway systems permit online retail platforms to collect cash via a bank chosen by the consumer without compromising sensitive data. Growing number of smart devices in the market gives rise to payment gateway systems, which are widely adopted by consumers across APAC. Online payment system providers are collaborating with several retail execution companies to provide secure and reliable service. Online payment systems help overcome the complicated process of physically collecting cash payments for a product purchased. The internet, combined with online payment systems, has also propelled the sale and purchase of new digitized products.
The APAC retail execution software market has been segmented into enterprise size and application. Based on enterprise size, the APAC retail execution software market is segmented into SMEs and large enterprises. Large enterprises segment held the largest market share in 2019. Based on application, the APAC retail execution software market is segmented into retail operations, field service management, mobile forms automation, field sales, trade promotion management, and employee engagement, and others. Retail operations segment held the largest market share in 2019.
A few major primary and secondary sources referred to for preparing this report on the retail execution software market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bizom (Mobisy Technologies Private Limited; EdgeCG (StayinFront, Inc.); Trax Technology Solutions Pte Ltd.; WINIT; XTEL (Kantar Group).
The Asia Pacific Retail Execution Software Market is valued at US$ 50.14 Million in 2019, it is projected to reach US$ 90.49 Million by 2027.
As per our report Asia Pacific Retail Execution Software Market, the market size is valued at US$ 50.14 Million in 2019, projecting it to reach US$ 90.49 Million by 2027. This translates to a CAGR of approximately 9.5% during the forecast period.
The Asia Pacific Retail Execution Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Retail Execution Software Market report:
The Asia Pacific Retail Execution Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Retail Execution Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Retail Execution Software Market value chain can benefit from the information contained in a comprehensive market report.
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