North America Retail Execution Software Market
No. of Pages: 100 | Report Code: TIPRE00020987 | Category: Technology, Media and Telecommunications
No. of Pages: 100 | Report Code: TIPRE00020987 | Category: Technology, Media and Telecommunications
In the potential region such as North America packaged goods (CPG) sector has developed swiftly to meet consumer demands due to the implementation of digital technology, which has enabled several brands to establish markets by selling directly to customers. Numerous retail giants across North America have launched their CPG marketplaces in order to capitalize on changes in consumer behavior, growing distribution channels, and the arrival of customer-centric digital brands that are taking over the CPG industry. Thus, the CPG industry's growing focus positively impacts the retail execution software market, which helps to manage in-store activities in the CPG industry.
North America is witnessing massive growth in the retail industry due to rising ecommerce business, which is surging sales of the industry. The region is also highly focused on adopting retail execution software, which brings data and features to the hands of the end-users in real-time. This next-gen software would help businesses in the region accelerate productivity and improve business processes at the business-user level with minimal IT support. As the retail sector has become more automated, the retail execution software has become crucial among businesses since it helps companies gain visibility of merchandise, orders, inventory, and customer demand. Also, advancement of airport infrastructure is a major factor driving the North America retail execution software market.
The ongoing COVID-19 pandemic is severely impacting North America. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The US is a prominent market for retail execution software, especially in the retail and e-commerce sectors. The huge increase in the number of confirmed cases and reported deaths in the country has affected these industries. The factory and business shutdowns across the US, Canada, and Mexico are impacting the adoption of the retail execution software market. The COVID-19 outbreak has had a severe impact on logistics operations, transportation, and trade activity. North America is a home to a large number of manufacturing and technology companies, and thus the impact of coronavirus outbreak is anticipated to be quite severe in the in 2021 as well. However, the sales of online grocery and food business have increased in the region. Consumers are spending on products that would help them get through the COVID-19 crisis, which includes online grocery pickup and retail execution. The impact of COVID-19 is short-term; it is likely to decrease in the coming years.
Strategic insights for the North America 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$ 61.77 Million |
| Market Size by 2027 | US$ 86.58 Million |
| Global CAGR (2020 - 2027) | 6.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Enterprise Size
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 61.77 million in 2019 to US$ 86.58 million by 2027; it is estimated to grow at a CAGR of 6.1% from 2020 to 2027. Big data analytics technology has a huge potential to transform the retail execution completely. With the adoption of big data solutions in the overall retail industry, the efficiency of distribution and production networks can be improved. With the real-time insights, customers can track their purchase orders on their devices and check the status. The integration of analytics dashboard in the retail execution software helps in tracking and evaluating the performance of retail execution agents. Further, the retail and e-commerce industry across all the regions has witnessed numerous transformations from the past few years. The growth in the industry has prompted retail execution software players to leverage big data analytics for the purpose of making smarter business decisions and earning higher profit.
The North America retail execution software market has been segmented into enterprise size and application. Based on enterprise size, the North America 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 North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are EdgeCG (StayinFront, Inc.); Intelligence Retail; POPProbe; Spring Mobile Solutions, Inc.; Trax Technology Solutions Pte Ltd.; Valomnia; WINIT; XTEL (Kantar Group).
The North America Retail Execution Software Market is valued at US$ 61.77 Million in 2019, it is projected to reach US$ 86.58 Million by 2027.
As per our report North America Retail Execution Software Market, the market size is valued at US$ 61.77 Million in 2019, projecting it to reach US$ 86.58 Million by 2027. This translates to a CAGR of approximately 6.1% during the forecast period.
The North America 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 North America Retail Execution Software Market report:
The North America Retail Execution Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Retail Execution Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Retail Execution Software Market value chain can benefit from the information contained in a comprehensive market report.
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