Multichannel Order Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


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Multichannel Order Management Market - Overview

A multichannel order management solution (MOM) is a business-to-business software developed for various merchants to sell their products and focus on e-commerce. Multichannel order management solution are being specifically designed to help combine orders from various channels into the same catalog and post latest prices across all sales channels during changes in prices. Some multichannel order management solutions are used for basic needs and to act as a commerce management solution. Additionally, with the growth of the online market, organizations, especially retail stores are adopting innovative technologies, such as big data analytics, digital stores, cloud computing, and social media networks to efficiently engage with customers and increase customer base. Organizations are focusing on improving customer experience, as it is a great differentiating factor among a wide range of online shopping choices due to the rise in competition in the organizations. Hence, adoption of multichannel order management software solutions in organizations is high due to its benefits such as faster time to market, simple architecture, easy deployment, improved operational efficiency, and enhanced customer experience.

Multichannel Order Management Market - Drivers and Restraints

Growth in retail sales and online shopping vertical, especially in the emerging economies, is a key driver of the global multichannel order management solution market. According to a report by India Brand Equity Foundation, the e-commerce industry in India is growing at a rapid pace and is expected to surpass the U.S. and become the second largest e-commerce market in the world by 2034.  Furthermore, the organizations tend to become more agile and flexible, demand of scalability continue to rise,  leading to the continuous upsurge of multichannel selling, thus increasing the need to adopt multichannel order management (MOM) solutions within enterprises. Demand for multichannel order management solutions is increasing globally, as these are less costly than the traditional solutions. Also there continues to be rapid growth in the number of internet users globally, leading to the demand of multichannel order management (MOM) solutions In economies such as India and China, the rate of internet adoption continues to grow at a rapid pace. Advantages of cloud-based solutions such as scalability and low maintenance costs associated is propelling its adoption. This, in turn, is driving the multichannel order management market. This demand is likely to continue in future and is expected to grow during the forecast period.

Multichannel Order Management Market - Segmentation

The global multichannel order management market can be categorized based on solution, deployment type, enterprise size, end-use industry, and region. In terms of solution, the multichannel order management market can be classified into software and services. The services segment can be sub-segmented into professional services and managed services. Based on deployment type, the multichannel order management market can be divided into cloud-based, on-premises, and hybrid. In terms of enterprise size, the multichannel order management market can be bifurcated into large enterprises and small and medium size enterprises (SMEs). Based on end-use industry, the multichannel order management market can be segmented into retail & ecommerce, manufacturing, health care, food & beverage, and others. In terms of region, the global multichannel order management market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Multichannel Order Management Market - Key Players

Major players operating in the global multichannel order management market include Oracle Corporation, HCL Technologies Limited, International Business Machines Corporation, Salesforce.com, Inc., SAP SE, Brightpearl, Inc., Zoho Corporation, Linnworks, and Sanderson. These companies invest considerably in R&D to incorporate new technologies in their solutions and develop new products to gain market share. Additionally, these companies engage in strategic partnerships with local players to expand their presence and gain multichannel order management market share in the region.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.