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What are the recent trends in market size and growth for the retail management software market?
The retail management software market size has grown rapidly in recent years. It will grow from $22.08 billion in 2024 to $25.13 billion in 2025 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increased demand for automation, the growth of e-commerce, the globalization of retail, the need for efficient inventory management, and regulatory compliance requirements.
The retail management software market size is expected to see rapid growth in the next few years. It will grow to $41.75 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to emphasis on data security and privacy, expansion of cloud-based solutions, demand for real-time analytics and insights, focus on sustainability and eco-friendly practices, and rise of mobile commerce and mobile point-of-sale (mPOS). Major trends in the forecast period include increased use of augmented reality in retail management software, growth of subscription-based pricing models, emphasis on predictive analytics for demand forecasting, convergence of online and offline shopping experiences, and rise of blockchain technology for supply chain transparency.
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What key drivers have fueled the retail management software market’s development over the years?
The expansion of e-commerce and online retailing is expected to drive the retail management software market going forward. E-commerce and online retailing refer to the buying and selling of goods or services over the Internet. The expansion of e-commerce and online retailing is driven by convenience, accessibility, and the ability to reach a global market. The e-commerce sector utilizes retail management software to streamline operations, optimize inventory management, and enhance customer experiences. For instance, in February 2024, according to the Census Bureau of the Department of Commerce, a US-based government department, there was a remarkable 7.5% increase in the United States e-commerce sales in the final quarter of 2023, when measured against the corresponding period in 2022. Therefore, the growing expansion of e-commerce and online retailing is driving the growth of the retail management software market.
What is the segmentation for the retail management software market?
The retail management software market covered in this report is segmented –
1) By Product: Cloud, Software As A Service (SaaS), Web, Mobile – Android Native, Mobile – iPhone Operating System (IOS) Native, Other Products
2) By Application: Small Business, Midsize Enterprise, Large Enterprise, Other Applications
3) By End-Users: Grocery And Pharmacy, Hardlines And Do It Yourself (DIY), Apparel And Softline, E-Commerce And Specialty, Other End-Users
Subsegments:
1) By Cloud: Private Cloud, Public Cloud, Hybrid Cloud
2) By Software As A Service (SaaS): Subscription-Based SaaS, Pay-Per-Use SaaS
3) By Web: Web-Based Applications, Browser-Based Software
4) By Mobile – Android Native: Android Tablet Apps, Android Smartphone Apps
5) By Mobile – iPhone Operating System (iOS) Native: iOS Tablet Apps, iOS Smartphone Apps
6) By Other Products: Desktop Software, Hybrid Solutions (Combining Mobile, Cloud, And Desktop)
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Who are the most influential companies in the retail management software market?
Major companies operating in the retail management software market report are NCR Corporation; Shopify Inc.; Pitney Bowes Inc.; Cegid Group; Digital River Inc.; BigCommerce Pty. Ltd.; osCommerce Solutions; JDA Software Group Inc.; Magento Commerce Inc.; Epicor Software Corporation; iQmetrix Software Development Corp.; PrestaShop SA; WooCommerce Inc.; LS Retail EHF; Passport Software Inc.; Windward Software Inc.; OpenXcell Technolabs Pvt. Ltd.; Fishbowl Inc.; Snappii Apps Inc.; EffiaSoft Private Limited; POS Prophet Systems Inc.; Universal Accounting Software Inc.; Visual Retail Plus Inc.; Peach Software Limited; OpenCart Ltd.
What are the top industry trends projected to impact the retail management software market?
Major companies operating in the retail management software market are increasing their focus on developing technologically advanced solutions such as point-of-sale solutions, to streamline day-to-day operations and easily monitor them from one place. A point-of-sale solution is a software system used in retail management for processing transactions and managing inventory. POS solutions are central to retail management software, enabling retailers to efficiently manage sales transactions, inventory, customer relationships, and business performance. For instance, in February 2024, Zoho Corporation, an India-based cloud software company, launched Zakya for small and medium-sized retail enterprises, offering a suite of powerful capabilities including advanced inventory management, comprehensive support for omnichannel sales, and a user-friendly mobile billing application. This technological innovation marks a notable advancement in the market for retail management software, tailored specifically to the needs of smaller retailers. Zakya streamlines operations for businesses in this sector with its extensive features, competitive pricing, and seamless integration with leading payment providers. Additionally, its POS billing app ensures uninterrupted transactions, even in offline scenarios, empowering sales personnel to efficiently manage customer purchases and minimize wait times during peak hours.
What are the major regional insights for the retail management software market, and which region holds the top position?
North America was the largest region in the retail management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Retail Management Software Market Report 2025 Offer?
The retail management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Retail management software refers to a comprehensive system designed to streamline and optimize the operations of retail businesses, including sales tracking, analytics and reporting. It facilitates efficient management of inventory, sales, customer data, and business processes, enhancing productivity and enabling data-driven decision-making for retail businesses.
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