The on-shelf availability solutions market is experiencing robust growth, boasting an impressive Compound Annual Growth Rate (CAGR) of 8.4%. Projections indicate that this market is set to reach a substantial value of US$6.02 billion by the year 2028.
This growth reflects the increasing importance of On-Shelf Availability Solutions in the retail industry. These solutions play a crucial role in ensuring that products are readily accessible to consumers on store shelves, reducing out-of-stock situations, and enhancing overall shopping experiences.
On-shelf availability solutions are the technological tools that help retailers maintain, analyze, and monitor the availability of various products in their stores. On-shelf availability solutions are generally based on RFID technology & Internet of Things (IoT) sensors and help in inventory management by monitoring the status of inventory and supply chain. On-shelf availability solutions help reduce out-of-stock situations by identifying potential issues and help in quickly resolving them to improve the overall profit margins.
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Increasing technological advancements in the retail sector, increasing collaborations between retailers & suppliers, accurate demand opportunity assessment, and the rising need for business automation are some of the major factors fuelling the growth of the on-shelf availability solutions market. However, the risk of unauthorized access to data, higher deployment costs, and operating in a dynamic environment are some of the major challenges that are hampering the growth of the on-shelf availability solutions market.
To understand and assess the demand and opportunities in the on-shelf availability solutions market, the on-shelf availability solutions market report is categorically split into five major sections: on-shelf availability solutions market analysis – by component, by deployment type, by application, by end-user, and by region.
On the basis of components, the on-shelf availability solutions market is segmented into software and services. The software segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period with a market share of 75.0% and 75.7% in 2018 and 2028 respectively.
On the basis of deployment type, the on-shelf availability solutions market is segmented into on-premise and SaaS segments. The on-premise segment of the on-shelf availability solutions market is expected to dominate the market for the maximum duration of the forecast period owing to the high CAGR associated with it. The SaaS segment of the on-shelf availability solutions market is expected to grow from US$ 729.7 Million in 2018 to US$ 2,210.0 Million in 2028.
On the basis of application, the on-shelf availability solutions market is segmented into historical data analysis, response time analysis, vendor pattern analysis, potential risk analysis, and others. The response time analysis application segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period and enjoy a market share of 27.6% % and 31.5% in 2018 and 2028 respectively.
Leading Key Players:
- International Business Machines Corporation
- Panasonic Corporation
- SAP SE
- Impinj, Inc.
- Mindtree Ltd.
- Retail Solutions Inc.
- Retail Velocity
- Market6, Inc.
- Lokad
- Verix
- Frontier Field Marketing
- NEOGRID
- eBest IOT
- Enterra Solutions LLC
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On-shelf Availability Solutions Market Segmentation:
By Component:
- Software
- Service
By Application:
- Historical Data Analysis
- Response Time Analysis
- Vendor Pattern Analysis
- Potential Risk Analysis
By Deployment Type:
- On-premises
- SaaS
By End User:
- CPG Manufacturers
- Retailers
- Online Retailers
- Suppliers
- Warehouses
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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