Analysis By Enterprise Size (SMEs and Large Enterprises); Application (Retail Operations, Field Service Management, Mobile Forms Automation, Field Sales, Trade Promotion Management, Employee Engagement, and Others)
No. of Pages:97
Report Code:
TIPRE00020990
Category:
Technology, Media and Telecommunications
China, India, Japan, South Korea, and Australia are the major countries in APAC. The region is well-known for technological innovations in these countries. Liberal retail policies in effect, the removal of trade barriers and foreign investment constraints, and links to the World Trade Organization (WTO) are supporting the growth of the retail sector in the abovementioned APAC countries. India has recently liberalized its policies, which will contribute to greater growth and make business easier. Moreover, rapid technological developments, government initiatives, economic digitalization, and rising disposable income (especially of the middle-income class group) are among the significant factors contributing to the overall economy growth of the region. APAC is projected to register the fastest CAGR in the market during the forecast period. It has robust IT infrastructure, with secure software and services offerings; and strong positions in areas of development such as AI. Furthermore, the countries in the region are witnessing high population growth, which encourages the growth of the retail and e-commerce industries. Also, Big data analytics technology being adopted in retail Industry software is a major factor driving the APAC retail execution software market.
The COVID-19 outbreak has negatively affected the APAC region. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rise in disposable income. All these factors make APAC a major driving region for various markets, including retail execution software. A large number of smartphone users, online shoppers, and the growing e-commerce sector in this region present a huge opportunity for the growth of the global retail execution software market. Due to the pandemic, social distancing and staying home have pushed the consumers toward online shopping. Nevertheless, uncertain consumer demand and supply chain problems have affected the e-commerce industry in the region. The e-commerce industry includes healthcare, beauty & personal care, and electronics. The coronavirus outbreak had an impact on these industries owing to the uncertainty in the supply chain and consumer demand. The e-commerce supply chains are mainly strained by the pandemic and factory closures in China. The lockdown of various factories in China is affecting the global supply chains and negatively impacting manufacturing, retail execution schedules, and sales of various products and services. China has recently emerged from a 2-month containment phase and moved into the mitigation stage; however, the economic growth is still declining due to uncertainty around the COVID-19 outbreak. The governments are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns, travel bans, and trade bans. All these measures are expected to have a negative impact on the adoption and growth of retail execution software, especially in the logistics and e-commerce sector in 2020 and 2021.
Market Overview and Dynamics
The retail execution software market in APAC is expected to grow from US$ 50.14 million in 2019 to US$ 90.49 million by 2027; it is estimated to grow at a CAGR of 9.5% from 2020 to 2027. Payment gateways are broadly used for cashless transactions. They transfer the data related to a transaction between the bank and the billing portal. Payment gateway systems permit online retail platforms to collect cash via a bank chosen by the consumer without compromising sensitive data. Growing number of smart devices in the market gives rise to payment gateway systems, which are widely adopted by consumers across APAC. Online payment system providers are collaborating with several retail execution companies to provide secure and reliable service. Online payment systems help overcome the complicated process of physically collecting cash payments for a product purchased. The internet, combined with online payment systems, has also propelled the sale and purchase of new digitized products.
Key Market Segments
The APAC retail execution software market has been segmented into enterprise size and application. Based on enterprise size, the APAC retail execution software market is segmented into SMEs and large enterprises. Large enterprises segment held the largest market share in 2019. Based on application, the APAC retail execution software market is segmented into retail operations, field service management, mobile forms automation, field sales, trade promotion management, and employee engagement, and others. Retail operations segment held the largest market share in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the retail execution software market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bizom (Mobisy Technologies Private Limited; EdgeCG (StayinFront, Inc.); Trax Technology Solutions Pte Ltd.; WINIT; XTEL (Kantar Group).
Reasons to buy report
To understand the APAC retail execution software market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC retail execution software market
Efficiently plan M&A and partnership deals in APAC retail execution software market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC retail execution software market
Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.
APAC Retail Execution Software MarketSegmentation
APAC Retail Execution Software Market - By Enterprise Size
The List of Companies - Asia Pacific Retail Execution Software Market
Bizom (Mobisy Technologies Private Limited
EdgeCG (StayinFront, Inc.)
Trax Technology Solutions Pte Ltd.
WINIT
XTEL (Kantar Group)
Frequently Asked Questions
How big is the Asia Pacific Retail Execution Software Market?
The Asia Pacific Retail Execution Software Market is valued at US$ 50.14 Million in 2019, it is projected to reach US$ 90.49 Million by 2027.
What is the CAGR for Asia Pacific Retail Execution Software Market by (2020 - 2027)?
As per our report Asia Pacific Retail Execution Software Market, the market size is valued at US$ 50.14 Million in 2019, projecting it to reach US$ 90.49 Million by 2027. This translates to a CAGR of approximately 9.5% during the forecast period.
What segments are covered in this report?
The Asia Pacific Retail Execution Software Market report typically cover these key segments-
Enterprise Size (SMEs and Large Enterprises)
Application (Retail Operations, Field Service Management, Mobile Forms Automation, Field Sales, Trade Promotion Management, Employee Engagement)
What is the historic period, base year, and forecast period taken for Asia Pacific Retail Execution Software Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Retail Execution Software Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Asia Pacific Retail Execution Software Market?
The Asia Pacific Retail Execution Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Bizom (Mobisy Technologies Private Limited
EdgeCG (StayinFront, Inc.)
Trax Technology Solutions Pte Ltd.
WINIT
XTEL (Kantar Group)
Who should buy this report?
The Asia Pacific Retail Execution Software Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Retail Execution Software Market value chain can benefit from the information contained in a comprehensive market report.
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