Multichannel Order Management Market Size, Share, Growth, Forecast 2032

Multichannel Order Management Market Insights

According to Zion Market Research, the global Multichannel Order Management Market was worth USD 3.01 Billion in 2023. The market is forecast to reach USD 6.70 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Multichannel Order Management Market industry over the next decade.

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The report offers assessment and analysis of the Multichannel Order Management market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Multichannel Order Management Market: Overview

Multichannel order management (MOM) is a B2B software developed for different traders for selling their products along with focusing on their ecommerce business. These multichannel order management solutions are designed for helping integration of orders from different channels into similar catalogue along with posting current prices across various sales channels at time of price changes. Thriving online purchase activities along with online retailing as well as massive use of social media & cloud computing tools will create new growth avenues for multichannel order management business over upcoming years. Large-scale requirement of firms on enhancing end-user experience and steep rise in competition among the players will culminate into humungous business growth over upcoming years.

Multichannel Order Management Market: Growth Drivers

Large-scale acceptance of MOM software services in firms is high owing to its myriad benefits such as simplified architecture, enhanced operational proficiency, ease of deployment, and improved customer experience. These features will assist multichannel order management market explore new growth dimensions in foreseeable future. In addition to this, increase in sales at retail stores and online shopping activities will expedite business growth over the years ahead. With firms trying to become more flexible in its functioning, there is higher demand for scalability resulting in constant surge in multichannel selling, thereby culminating in large-scale adoption of MOM services in various industries. With multichannel order management solutions proving to be cost-efficient as compared to other conventional solutions, market for multichannel order management is likely to expand leaps & bounds during forecast timespan.

Multichannel Order Management Market: Report Scope

Moreover, a prominent rise in popularity of multichannel order management services due to increase in internet users in countries such as China and India will promulgate expansion of multichannel order management industry over the upcoming years. Low operating costs and multichannel selling will further contribute towards overall market size.

Cloud To Dominate Deployment Mode Segment During 2024-2032

Large number of customers prefer cloud as mode of deployment as it facilitate risk reduction and resiliency. Apart from this, cloud used as a mode of deployment provides various benefits such as cost-efficiency, scalability, installation ease, and adaptability. In addition to this, low cost and effective operating of cloud services has enhanced its popularity among end-users.

Large Enterprises Sector To Make Notable Contributions Towards Market Volume By 2032

The growth of large enterprises segment over forecast timespan can be credited to massive focus of giant firms on use of multiple channels to expand its global reach along with fulfilling customer demand. Furthermore, large firms receive many orders from multiple channels and try to prevent occurrence of issues related to inventory management & Omni-channels by making use of multichannel order management services.

Competitive Insights

Key players profiled in the study and leveraging growth of multichannel order management industry include-

IBM Corporation, Delivery Private Limited, SalesWarp, GeekSeller, Newfold Digital Inc., Etail Solutions, Zoho Corporation Private Limited, HCL Technologies Limited, SAP SE, SKUSUITE Inc., ManageEcom, and EMERGE App & Higher Identity Technology Private Limited.

Asia Pacific Market To Register Highest CAGR Over 2024-2032

The expansion of multichannel order management industry in Asia Pacific during assessment period can be attributed to humungous demand for cloud solutions in countries such as Japan, India, South Korea, and China. Technological breakthroughs in slew of industries in sub-continent and strong demand for multichannel order management services in the region will drive regional market trends.

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Multichannel Order Management Market: Competitive Space

The global Multichannel Order Management market profiles key players such as:

• IBM Corporation
• Delivery Private Limited
• SalesWarp
• GeekSeller
• Newfold Digital Inc
• Etail Solutions
• Zoho Corporation Private Limited
• HCL Technologies Limited
• SAP SE
• SKUSUITE Inc
• ManageEcom
• EMERGE App & Higher Identity Technology Private Limited

The global Multichannel Order Management Market is segmented as follows:

By Deployment Mode

• Cloud
• On-Premise

By Vertical

• E-Commerce
• Wholesale
• Retail
• Manufacturing
• Healthcare

By Component

• Software
• Services

By Organization Size

• Large Enterprises
• SMEs

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa