DUBLIN–(Business Wire)–The “Order Management Software – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering.
Global Order Management Software Market is expected to grow at a CAGR of 7.2% during the forecast period.
Growing trade volumes and needs to control trade-processing costs are the major factors propelling the market growth. However, high cost of installation is hampering the market growth.
Order management software (OMS) is an electronic system developed to execute orders in a cost-effective and efficient manner. It is the administration of business processes related to orders for goods or services. An OMS automates and streamlines order processing for businesses. Moreover, an OMS offers constantly updated information of inventory, a database of vendors & customers, a record of customer returns & refunds, order processing records, information on billing & payments, and general ledger information.
Based on the deployment mode, the cloud inventory segment is going to have a lucrative growth during the forecast period due to its factors including monitoring and maintenance of a business’s inventory levels using online software. Enabling businesses to avoid many of the errors and issues that arise with traditional methods of measuring stock levels, cloud inventory order management software seamlessly keeps track of inventory coming in and going out of the business.
By geography, Asia-Pacific is going to have a lucrative growth during the forecast period due to the rapidly evolving e-commerce ecosystem along with heavy investments from venture capitalists to leverage the growing demand for online marketplaces. In order to tackle the growing concerns related to the inventory shrinkage, the uptake of order management software in the region is expected to grow consistently over the forecast timeline.
Scope of the Report
Deployment Modes Covered:
- Cloud Inventory
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- Retail, E-commerce, and Wholesale
- Financial services
- Pharmaceuticals and Healthcare
- Food and beverage
- 4Psite, LLC
- Esker Inc.
- Handshake Corp
- IBM Corporation
- Megaventory Inc.
- OpenXcell, Elastic Inc.
- Oracle Corporation
- Orderhive (OpenXcell Technolabs Pvt. Ltd)
- Salesforce.com Inc.
- Stitch Labs, Inc.
- TradeGecko Pte. Ltd.
- Unicommerce eSolutions Pvt. Ltd.
- Vinculum Solutions Pvt. Limited
- Zoho Corporation Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/tm7efy
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900