Market for Order Management Software to Reach 6 Billion USD by 2030 with 10% CAGR

HTF MI has recently introduced a comprehensive study on the Global Order Management Software Market. This report, which is over 143 pages, provides an in-depth overview of the product and industry scope, describing the market outlook and status from 2024 to 2030. The study breaks down the market by key regions, which is driving growth in the use of various order management systems. Currently, the market is expanding, with major players such as Oracle, SAP, IBM, Microsoft, Salesforce, Manhattan Associates, Epicor Software, Sage Group, NetSuite, Infor, JDA Software, Shopify, Brightpearl, Zoho Corporation, and Stitch Labs leading the way. According to HTF Market Intelligence, the global market for order management software is projected to grow from USD 2.5 billion in 2023 to USD 6 billion by 2030, with an expected compound annual growth rate (CAGR) of 10% from 2024 to 2030. The market is segmented by application (Retail and E-commerce, Consumer Goods, Healthcare, Telecom, Others), by deployment type (On-premise, Cloud), and by geography (North America, South America, Europe, Asia Pacific, and the Middle East & Africa).

Definition:

An electronic tool known as order management software (OMS) is designed to automate and simplify the process of handling customer orders. It integrates several functions, such as order entry, inventory control, fulfillment, and customer relations, into a centralized management order system. This helps reduce errors, minimize delays, and improve accuracy and efficiency. Key features of an order management system include real-time inventory management, order processing, and data analytics to monitor sales trends and performance. The software assists businesses in maintaining optimal inventory levels, preventing oversales, and ensuring prompt delivery. It also frequently integrates with other systems, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) software, offering a unified view of operations. Overall, an effective order management solution significantly enhances customer satisfaction, streamlines supply chain processes, and supports scalable business growth.

Market Trends:

• Notable trends include the rapid growth of e-commerce and a rising demand for operational efficiency.

Market Drivers:

1. Expansion of E-Commerce
2. Demand for Operational Efficiency

Market Opportunities:

1. Advanced Analytics
2. Omnichannel Integration

Leading Region:

• North America is the dominating region in the order management software market.

Fastest-Growing Region:

• Asia-Pacific is the fastest-growing region.

Detailed Market Segments:

• By Types: On-premise, Cloud
• By Applications: Retail and E-commerce, Consumer Goods, Healthcare, Telecom, Others

Geographic Analysis:

The report offers a detailed analysis of consumption, revenue, market share, and growth rate across the following regions:

• Middle East and Africa (e.g., South Africa, Saudi Arabia, UAE, Israel, Egypt)
• North America (e.g., United States, Mexico, Canada)
• South America (e.g., Brazil, Argentina, Colombia)
• Europe (e.g., Germany, UK, France, Italy)
• Asia-Pacific (e.g., China, India, Japan, Australia)

Market Research Objectives:

• To focus on key manufacturers, defining and analyzing sales volume, market share, competition landscape, SWOT analysis, and development plans.
• To provide comprehensive information on factors influencing market growth (opportunities, drivers, challenges, and risks).
• To analyze growth trends and prospects within the market.
• To examine significant developments, including agreements, expansions, product launches, and acquisitions.
• To profile the key players and evaluate their growth strategies.

Five Forces & PESTLE Analysis:

To better understand the market environment, a five forces analysis is conducted, examining:

• Bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• Threat of substitutes
• Threat of rivalry

Additionally, PESTLE analysis considers:

• Political: Trade policies, fiscal policies, etc.
• Economic: Interest rates, employment rates, etc.
• Social: Demographic changes, cultural shifts, etc.
• Technological: Advancements in digital and mobile technology, automation, and R&D
• Legal: Employment laws, consumer laws, trade regulations
• Environmental: Sustainability practices, waste management, and climate policies

By leveraging the insights from this study, businesses can better understand the dynamics of the order management landscape and make informed decisions on adopting or enhancing their order management system to stay competitive in the global market.