Latest News- Multichannel Order Management Market: Software is expected to lead the Solution segment during 2025-2029

The Multichannel Order Management Market is being driven by Convenience and easy accessibility of mobile payment systems

The Multichannel Order Management Market is expected to grow at a CAGR of 12% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2398.9 million. In the context of smart cities, multichannel order management systems play a pivotal role in facilitating seamless communication and efficient resource utilization. These systems are primarily linked to digital devices, such as mobile phones and tablets, which are extensively used in various industries, including retail (wholesale and e-commerce), telecom (Internet providers), and housing and gated community management. Effective multichannel order management solutions are essential to manage the diverse requirements and complexities of processing orders from these sectors in an intelligent and timely manner, thereby contributing significantly to the overall success of smart city initiatives. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Solution
  • Software
  • Services
• Deployment
  • Cloud-based
  • On-premises
• End-user
  • Retail and e-commerce
  • Manufacturing
  • Logistics and transportation
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Convenience and easy accessibility of mobile payment systems
• Need to improve business efficiency
• Increasing adoption of technologically advanced mobile devices

However, the market also witnesses some limitations, which are as follows:

• Lack of quality standards in SLAs
• Data privacy and security concerns in multichannel order management
• Interoperability issues in multichannel order management

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Market Scope in Multichannel Order Management Market Research Report

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Research Analysis Overview

The Multichannel Order Management Market encompasses solutions that facilitate order consolidation, batch processing, and label printing. It offers features for shipping carrier selection, rate shopping, and freight management. Third-party logistics (3PL), drop shipping, cross-border commerce, and international shipping are also supported. Compliance with customs regulations, payment gateway integration, and fraud prevention are crucial. Subscription management, recurring billing, and loyalty programs are essential for customer retention. Marketing automation, email marketing, social media marketing, and affiliate marketing boost sales. Inventory optimization, demand planning, and supply chain visibility ensure efficient operations. Risk management, disaster recovery, business continuity, cloud security, data backup, and disaster recovery planning ensure business resilience. Scalable architecture, high availability, performance tuning, capacity planning, system architecture, database management, and software development ensure system reliability and flexibility.

Market Research Overview

The multichannel order management market is a segment of the larger global application software market, focusing on solutions that help businesses manage and streamline their orders, inventory, shipping, returns, order fulfillment, supply chain management, and demand forecasting. These systems enable seamless integration across multiple sales channels and facilitate efficient end-to-end order processing. Companies providing such solutions are included in the global IT software market, which encompasses the revenue generated by organizations engaged in the development and production of all types of IT software, including cloud-based applications. This market caters to businesses requiring specialized software for their operations, excluding those in the interactive home entertainment industry and those producing database or systems software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/