The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the category management software market’s growth in recent years?
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.
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How does the future projection of the category management software market size compare to its historical growth?
The category management software market size has grown rapidly in recent years. It will grow from $2.16 billion in 2024 to $2.47 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. 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 software market size is expected to see rapid growth in the next few years. It will grow to $4.16 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. 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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Which key players are shaping the future of the category management software market?
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.
What trends will propel the growth and evolution of the category management software market?
Major companies operating in the category management software market are focusing on integrating artificial intelligence to develop AI-powered category management software to enhance efficiency and optimize decision-making processes. AI-powered category management is a software solution that utilizes artificial intelligence algorithms and techniques to enhance the process of category management in retail settings. For instance, in January 2024, Symphony Innovation LLC, an India-based provider of predictive intelligence software solutions, launched the category manager copilot system in collaboration with the Microsoft Azure Open AI service for retailers and consumer packaged goods. This system utilizes both text and graphics to rapidly analyze user queries and identify performance-affecting factors in a product category. The copilot acts as a virtual assistant that empowers category managers to handle tasks faster, easier, and more strategically, allowing them to focus on high-value strategic activities rather than mundane operational tasks.
Which regions are expected to become dominant players in the category management software market?
Europe was the largest region in the category management software market in 2024. 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.
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What are the emerging key segments in the category management software market, and how are they evolving?
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
Subsegments:
1) By Solution: On-Premise Solutions, Cloud-Based Solutions
2) By Service: Implementation And Integration Services, Support And Maintenance Services, Consulting Services
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How is the category management software market defined, and what are its core characteristics?
Category management software refers to specialized software tools designed to help businesses efficiently manage and optimize their product categories. This software enables businesses to gain insights into their product categories, understand customer preferences, identify trends, and make informed decisions to maximize sales and profitability.
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