The category management software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Category Management Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The category management market size has grown rapidly in recent years. It will grow from $1.90 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to growing demand for data-driven decision-making, rising competition in the retail sector, expansion of e-commerce, complexity in managing large product assortments, emergence of big data analytics.
The category management market size is expected to see rapid growth in the next few years. It will grow to $3.66 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to integration of iot devices for real-time inventory tracking, focus on sustainability, shift towards dynamic pricing strategies, emphasis on supply chain resilience, increasing importance of shopper loyalty. Major trends in the forecast period include cloud-based solutions, real-time data analytics, mobile-friendly solutions, personalization and customization, supply chain visibility.
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Scope Of Category Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Category Management Software Market Overview
Market Drivers –
The rise in the number of retail stores is expected to propel the growth of the category management software market going forward. Retail stores are physical or online establishments where businesses sell goods and services directly to consumers. The number of retail stores is increasing due to growing consumer demand for convenient shopping options and retailers’ efforts to expand their presence and reach new markets. Category management software streamlines inventory, sets competitive prices, and improves store layouts, leading to better sales and profitability for retail stores. For instance, in january 2024, according to a report published by the National Association of Convenience Stores, a US-based trade association, the United States saw a 1.5% rise in convenience stores, bringing the total number to 152,396 in 2024, compared to the count in 2023. Therefore, the rise in the number of retail stores is driving the growth of category management software.
Market Trends –
Major companies operating in the blockchain in digital rights management market are focused on the adoption of technologically advanced solutions, such as digital rights management tools, to drive their revenues in the market. A digital rights management tool refers to a software solution that utilizes blockchain technology to manage and protect digital assets, such as media files, documents, or software, by enforcing access control, usage restrictions, and content encryption. For instance, in January 2024, Elastos, a Singapore-based internet operating system powered by blockchain technology, launched Elacity DRM, a new digital rights management (DRM) tool designed specifically for Web3, focusing on video content creators. Elacity DRM introduces the Access Economy Protocol (AEP), which blends non-fungible token (NFT) technology and decentralized DRM. This interface enables creators to distribute, monetize, and resell their material at set scarcity levels, giving them direct control over their digital rights. Elacity uses blockchain and decentralized technology to ensure that digital assets are not only secure but also retain their true worth in the Web3 era. The tool is built on the Elastos Smart Chain (ESC) and is EVM compatible, making it available to a wide spectrum of developers on the Elastos SmartWeb.
The category management software market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment: On-Premises, Cloud-Based
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Retail, Distribution, Consumer Packaged Goods
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Regional Insights –
Europe was the largest region in the category management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the category management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the category management software market are International Business Machines Corporation, Oracle Corporation, SAP SE, Capgemini SE, Cognizant, Zebra Technologies Corporation, Nielsen Holdings plc, SAS Institute Inc., ID Logistics Group, PTC Inc., Acosta Inc., Teradata Corporation, Information Resources Inc., Epicor Software Corporation, Manhattan Associates Inc., Qlik Technologies Inc., Anaplan Inc., MicroStrategy Incorporated, Aptos LLC, Vistex Inc., AFS Technologies, JDA Software, Jagger LLC, Velocity Financial Inc.
Table of Contents
1. Executive Summary
2. Category Management Software Market Report Structure
3. Category Management Software Market Trends And Strategies
4. Category Management Software Market – Macro Economic Scenario
5. Global Category Management Software Market Size and Growth
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32. Global Category Management Software Market Competitive Benchmarking
33. Global Category Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Category Management Software Market
35. Category Management Software Market Future Outlook and Potential Analysis
36. Appendix
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