Retail and Wholesale Coverage

In-Counter Barcode Scanners Market Definition And Segments

In-counter barcode scanners are devices integrated directly into retail or point-of-sale (POS) counters, facilitating rapid scanning of barcodes on items during transactions. They are designed to streamline checkout processes, improve accuracy, and enhance the overall efficiency of retail operations by reducing scanning time and minimizing errors. These scanners are commonly found in supermarkets, stores, and other businesses where high-volume scanning is required. The main types of in-counter barcode scanners are one-dimensional barcode scanners and two-dimensional barcode scanners. One-dimensional barcode scanners refer to scanners that function by analyzing the width of individual lines and the spaces between them when scanning a barcode. The various technologies include laser scanners, imagers, and omni-directional scanners, which are used for several applications such as retail, healthcare, transportation and logistics, manufacturing, hospitality, and others. The in-counter barcode scanners market covered in this report is segmented – 1) By Type: One-dimensional Barcode Scanners, Two-dimensional Barcode Scanners 2) By Technology: Laser Scanner, Imager, Omni-Directional Scanner 3) By Application: Retail, Healthcare, Transportation And Logistics, Manufacturing, Hospitality, Other Applications The in-counter barcode scanners market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.30 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to the globalization of supply chains and markets, integration with point-of-sale systems, regulatory compliance, cost reduction, and inventory control. The in-counter barcode scanners market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to automation in retail, advancements in AI and machine learning, growing demand for contactless solutions, increased focus on supply chain resilience, and expansion of omnichannel retail. Major trends in the forecast period include enhanced AI decoding, In-counter barcode scanners offering multi-functionality, incorporation of sustainability features, enhanced data analytics, and customization options.

Growing E-Commerce Penetration Fuels Growth In The In-Counter Barcode Scanner Market

Growing penetration of e-commerce is expected to propel the growth of the in-counter barcode scanners market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The growing penetration of e-commerce is driven by convenience, expanding internet access, and shifting consumer preferences towards online shopping. In-counter barcode scanners are used for receiving and restocking goods, picking and packing orders, and shipping, returns, and cycle counts. These scanners help ensure accuracy and efficiency in these processes, allowing businesses to streamline their operations and reduce costs. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the growing penetration of e-commerce is driving the growth of the in-counter barcode scanners market. Major companies operating in the in-counter barcode scanners market are Honeywell International Inc., Fujitsu Limited, Toshiba Corporation, Seiko Epson Corporation, Motorola Inc., NCR Corporation, Zebra Technologies Corporation, Toshiba TEC Corporation, Casio Computer Co. Ltd., Opticon, SATO Holdings Corporation, Unitech Electronics Co. Ltd., Datalogic S.p.A., Posiflex Technology Inc., TSC Auto ID Technology Co. Ltd., Newland Auto-ID Tech. Co. Ltd., ZULTEC International Co. Ltd., CipherLab, Janam Technologies LLC, Socket Mobile Inc.

Innovative AI-Assisted Barcode Readers Transforming Market Dynamics

Major companies operating in the in-counter barcode scanners market are focusing on developing innovative products, such as AI-assisted barcode readers, to gain a competitive edge in the market. An AI-assisted barcode reader refers to a barcode scanning technology that utilizes artificial intelligence algorithms to enhance the accuracy and efficiency of barcode recognition. For instance, in October 2023, Cognex Corporation, a US-based manufacturer of machine vision systems, announced the launch of the AI-Assisted Barcode Reader DataMan 380. The DataMan 380 barcode readers feature a CMOS sensor with a resolution of up to 5320 x 3032, equivalent to 16.13 MPixels, offering shutter speeds ranging from 15 µs to 200 ms. Utilizing AI-accelerated decoding, these scanners are engineered to enhance throughput by concurrently processing both 1D and 2D codes, specifically tailored for machine vision applications within logistics and manufacturing operations.

Brady Corporation Expands Portfolio With Acquisition Of Code Corporation

In June 2021, Brady Corporation, a US-based manufacturer of printers and labels, acquired Code Corporation for $173 million. This acquisition positions Brady as a full-service provider of industrial track-and-trace applications, enhancing its capabilities in barcode scanning solutions and workplace safety products. Code Corporation is a US-based provider of barcode scanning solutions, including in-counter barcode scanners. North America was the largest region in the in-counter barcode scanners market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-counter barcode scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the in-counter barcode scanners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The in-counter barcode scanners market consists of sales of fixed in-counter barcode scanners, wireless in-counter barcode scanners, industrial-grade in-counter barcode scanners, and high-speed in-counter barcode scanners. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The in-counter barcode scanners market research report is one of a series of new reports from The Business Research Company that provides in-counter barcode scanners market statistics, including in-counter barcode scanners industry global market size, regional shares, competitors with a in-counter barcode scanners market share, detailed in-counter barcode scanners market segments, market trends and opportunities, and any further data you may need to thrive in the in-counter barcode scanners industry. This in-counter barcode scanners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mobile Point Of Sale Devices Market Definition And Segments

Mobile point of sale (mPOS) devices refers to portable devices, that are equipped with software and hardware components to process transactions and accept payments from customers. These devices are used by businesses to conduct sales transactions remotely or in-store, providing flexibility and convenience in accepting payments. The main types of services provided by mobile point-of-sale devices are integrated card reader solutions, card reader accessories, dongles and sleeves. Integrated card reader solutions refer to the incorporation of card readers into mobile point-of-sale devices for seamless payment processing. These are based on various technologies that include biometrics, bluetooth, chip and sign, European Mastercard and Visa chip and pin, Ethernet, hybrid technology solutions, magnetic-stripe, and near-field communication involved in various end uses such as restaurant hospitality (lodging), healthcare, retail warehouses or distribution, and entertainment. The mobile point of sale (mPOS) devices market covered in this report is segmented – 1) By Solution Type: Integrated Card Reader Solutions, Card Reader Accessories, Dongles, Sleeves 2) By Technology: Biometrics, Bluetooth, Chip And Sign, Europay Mastercard And Visa Chip And Pin, Ethernet, Hybrid Technology Solutions, Magnetic-Stripe, Near Field Communication 3) By End Use: Restaurant Hospitality (Lodging), Healthcare, Retail Warehouse Or Distribution, Entertainment The mobile point of sale (mPOS) devices market size has grown rapidly in recent years. It will grow from $39.63 billion in 2023 to $45.88 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to early smartphone adoption, limited traditional POS accessibility, emergence of cloud-based solutions, early government initiatives for cashless transactions, rise of app stores and mobile payment apps. The mobile point of sale (mPOS) devices market size is expected to see rapid growth in the next few years. It will grow to $83.25 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to growing popularity of biometric authentication, focus on sustainability, emergence of blockchain technology, rise of on demand delivery services. Major trends in the forecast period include personalization through AI, convergence with social commerce, augmented reality (AR) integration, rise of voice activated payments, focus on employee experience.

Impact of 5G Networks On The Mobile Point-Of-Sale Device Market

The expansion of 5G networks is expected to propel the growth of the mobile point of sale (mPOS) devices market going forward. 5G networks refer to the fifth generation of wireless cellular technology that provides better capacity, more reliable connections, and faster upload and download rates. There is surge in 5G network expansion for fast and reliable data connectivity due to the widespread adoption. The use of 5G networks catalyzes mobile point-of-sale devices by enabling faster and more reliable connectivity, facilitating seamless transaction processing, enhanced user experiences, and broader adoption of mobile payment solutions across diverse retail environments. For instance, in September 2023, according to 5G Americas, a US-based industry trade organization, the 5G penetration rate in North America has reached an exceptional 40%, with a growth rate of 25.5% in the first half of 2023. The projections indicates that North America's 5G connections would reach a remarkable 669 million by 2028. Therefore, the expansion of 5G networks is driving the growth of the mobile point of sale (mPOS) devices market. Major companies operating in the mobile point of sale (mPOS) devices market are Amazon.com Inc., Alphabet Inc., Samsung Electronics Co Ltd., Panasonic Corporation, Hewlett-Packard Development Company, Cisco Systems Inc., Oracle Corporation, Toshiba Corporation, Fiserv Inc., Square Inc., Zebra Technologies Corp., Worldpay Inc., Ingenico Group, PAX Technology Inc., Adyen N.V, VeriFone Systems Inc., Fujian Newland Payment Technology Co Ltd., BlueSnap Payment Services Limited, Revel Systems Inc., PaySimple Inc., Upserve Inc., BBPOS Limited, CardFlight Inc., Touch Dynamic Inc., Paynear Solutions Private Limited

Innovative Mobile Applications Transforming Mobile Point Of Sale Market

Major companies operating in the mobile point of sale (mPOS) devices market are developing mobile applications such as Smartphone TPV, to increase their profitability in this market. Smartphone TPV is a mobile application that allows mobile phones to be used as point-of-sale devices. For instance, in May 2023, CaixaBank, a Spain-based banking company, launched the smartphone TPV. This app transforms the way payments are accepted by allowing users to effortlessly handle card transactions of any size using their mobile devices, removing the necessity for extra equipment. It represents the inaugural launch in Spain by a financial institution of an app that can turn a smartphone into a complete POS terminal. The app is equipped with strong security features akin to conventional POS systems. It facilitates contactless payments and offers instant transaction monitoring.

Ingenico Acquires Phos To Expand Client Services And Strengthen Position In Payments Industry

In March 2023, Ingenico, a France-based payment services company, acquired Phos for an undisclosed amount. Through this acquisition, Ingenico aims to broaden its range of client services and enhance its position as a prominent player in the payments industry ecosystem. Phos is a UK-based company that specializes in offers a software-only Point of Sale (SoftPoS) solution that enables off-the-shelf smartphones or tablets to become payment terminals. North America was the largest region in the mobile point of sale (mPOS) devices market in 2023. The regions covered in the mobile point of sale (mPOS) devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile point of sale (mPOS) devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The mobile point of sale (mPOS) devices market consists of sales of all-in-one POS systems, mobile card readers, and smart phone-based mPOS. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mobile point of sale (mPOS) devices market research report is one of a series of new reports from The Business Research Company that provides mobile point of sale (mPOS) devices market statistics, including mobile point of sale (mPOS) devices industry global market size, regional shares, competitors with a mobile point of sale (mPOS) devices market share, detailed mobile point of sale (mPOS) devices market segments, market trends and opportunities, and any further data you may need to thrive in the mobile point of sale (mPOS) devices industry. This mobile point of sale (mPOS) devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Retail Inventory Management Software Market Definition And Segments

Retail inventory management software is a digital tool that helps businesses track and manage their inventory levels efficiently. It includes inventory tracking, stock monitoring, order management, and integration with other systems. Retail inventory management software's primary goal is to streamline inventory processes, reduce costs, and improve operational efficiency in retail businesses. The main types of retail inventory management software are manually managed inventory systems, barcode scanning systems, and advanced radio frequency systems (RFID). Manually managed inventory systems refer to traditional methods of tracking and controlling inventory levels without the aid of automated software or technology. This software can be deployed in on-demand and on-premise and offered at various prices, such as subscriptions and one-time payments. This software is used for order management, asset tracking, service management, product differentiation, and inventory optimization by various end-users, including traditional retailers and off-price retailers. The retail inventory management software market covered in this report is segmented – 1) By Type: Manually Managed Inventory Systems, Barcode Scanning Systems, Advanced Radio Frequency Systems (RFID) 2) By Deployment: On-Demand, On-Premise 3) By Pricing: Subscription, One-Time Payment 4) By Application: Order Management, Asset Tracking, Service Management, Product Differentiation, Inventory Optimization 5) By End-User: Traditional Retailers, Off-Price Retailers The retail inventory management software market size has grown rapidly in recent years. It will grow from $7.45 billion in 2023 to $8.37 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to the increasing number of e-commerce retailers, globalization of supply chains, rising customer expectations, competition, and market differentiation, and increasing product complexity. The retail inventory management software market size is expected to see rapid growth in the next few years. It will grow to 13.52 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to the shift towards cloud-based solutions, growing emphasis on inventory visibility, demand for real-time data, and the rise of omnichannel retailing. Major trends in the forecast period include the adoption of advanced analytics and artificial intelligence (AI), enhanced integration capabilities, sustainability and green practices, mobile accessibility, and IoT integration.

The Expansion E-commerce Fuels Growth In The Retail Inventory Management Software Market

The expansion of e-commerce is expected to propel the growth of the retail inventory management software market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The expansion of e-commerce is due to expanding internet access and shifting consumer preferences towards online shopping. Retail inventory management software in e-commerce streamlines stock control, order fulfillment, and inventory synchronization across online platforms, ensuring efficient operations and customer satisfaction. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales reached $1,118.7 billion in 2023, a 7.6% increase from 2022. Therefore, the expansion of e-commerce is driving the growth of the retail inventory management software market. Major companies operating in the retail inventory management software market are Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infosys Limited, Square Inc., Dassault Systèmes, Sage Group plc, Lawson Software, Epicor Software Corporation, Zoho Corporation, Manhattan Associates, Lightspeed Retail, Kinaxis Inc., Kewill Systems, Retalix Ltd., BluJay Solutions, Retail Pro International, Logility Inc., Brightpearl Limited, Wasp Barcode Technologies, InFlow Inventory Software, HighJump, Fishbowl, Aldata Software Management Inc., Ordoro

Enhancing Retail Operations With Next-Generation RFID Inventory Management Software

Major companies operating in the retail inventory management software market are increasing their focus on developing innovative products, such as ItemOptix, to gain a competitive edge in the market. ItemOptix is a next-generation radio-frequency identification inventory management software for retailers that improves inventory visibility and reduces out-of-stock situations, helps retailers enhance operational efficiency, and improves the shopper's experience. For instance, in December 2023, Checkpoint Systems, a US-based software company, launched the next-generation RFID (radio-frequency identification) inventory management software ItemOptix for Retail. This software enables retailers to manage their inventory from source to shop effectively. The software has self-service functionalities that make the initial setup and ongoing system maintenance quick and straightforward. Additionally, the software has industry-standard REST APIs that allow for swift and easy integration processes. This streamlined deployment gives users more control over inventory management, providing a seamless experience.

ToolsGroup Strengthens Retail Platform with Acquisition Of Onera

In June 2022, ToolsGroup, a US-based software company, acquired Onera for an undisclosed amount. The acquisition is expected to help ToolsGroup extend its retail platform from planning to execution, providing retailers with crucial visibility into inventory and the sophistication needed to manage complex supply chain challenges. Onera is a US-based software development company that provides retailers with real-time inventory availability and fulfillment software solutions. North America was the largest region in the retail inventory management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail inventory management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail inventory management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The retail inventory management software market includes revenues earned by entities by providing services such as warehouse management, order management, replenishment, reporting, and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The retail inventory management software market research report is one of a series of new reports from The Business Research Company that provides retail inventory management software market statistics, including retail inventory management software industry global market size, regional shares, competitors with a retail inventory management software market share, detailed retail inventory management software market segments, market trends and opportunities, and any further data you may need to thrive in the retail inventory management software industry. This retail inventory management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Retail Self Service Kiosk Market Definition And Segments

Retail self-service refers to the practice of letting customers make purchases at a store without the assistance of retail staff. This system allows customers to independently engage in various aspects of their shopping experience, such as product discovery, checkout processes, and inventory management, providing them with greater control, convenience, and efficiency during their shopping journey. The main type of components in retail self service kiosk are hardware, software and services. Hardware components are used to provide interactive interfaces for customers to browse products, make selections, input data, process payments, and print receipts or tickets. The various types include point of interaction, ticketing kiosk and others. These are used in various applications such as convenience and super markets. The retail self service kiosk market covered in this report is segmented – 1) By Component: Hardware, Software, Services 2) By Type: Point of Interaction, Ticketing Kiosk, Other Types 3) By Application: Convenience, Super Markets The retail self service kiosk market size has grown strongly in recent years. It will grow from $21.45 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased cost reduction initiatives, consumer demand for convenience, regulatory compliance and security concerns, remote management and monitoring, competition and market differentiation. The retail self service kiosk market size is expected to see strong growth in the next few years. It will grow to $33.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing expansion into emerging markets, enhanced data analytics capabilities, focus on sustainability and eco-friendly solutions, improved inventory management. Major trends in the forecast period include augmented reality (AR) integration, voice-activated interfaces, blockchain-based payments, integration with robotics and automation, subscription-based services and membership programs.

Contactless Payments Driving Retail Self-Service Kiosk Market Expansion

The expanding use of contactless payments is expected to propel the growth of the retail self-service kiosk market going forward. Contactless payments refer to a secure and convenient payment method where customers can make purchases without physically swiping their card or passing it to another person. The reasons for expanding contactless payments are convenience, encouraging the adoption of digital wallets, enhanced security, and reduced cash handling costs. Contactless payments provide customers a fast, convenient, and secure way to complete transactions at self-service kiosks. For instance, in March 2024, according to reports published by UK Finance, a UK-based non-profit organization, the total value of contactless transactions was £27.5 billion ($34.7 billion) in 2023, a 7.2% increase of £25.7 billion ($32.4 billion) in December 2022. Therefore, the expanding use of contactless payments is driving the growth of the retail self-service kiosk market.  Major companies operating in the retail self service kiosk market are Samsung Electronics Co. Ltd., Verifone Inc., Hitachi Ltd., Schlumberger Limited, NCR Corporation, Diebold Nixdorf Inc., Sanden Holdings Corporation, Kontron AG, Fuji Electric Co.Ltd., Elo Touch Solutions Inc., Telpo Technology Co. Ltd., Fabcon Inc., Evoke Creative Limited, KIOSK Information Systems Inc., Japan Cash Machine Inc. Ltd., Saudi Economic and Development Company, Meridian Kiosks LLC, Frank Mayer and Associates Inc., Pyramid Computer GmbH, Voxson Pty. Ltd., RedyRef Interactive Kiosks, LamasaTech Inc., Optical Phusion Inc., Olea Kiosks Inc., Phoenix Kiosk Inc., Zytronic plc

High-Performance KMC-Windows Kiosk For Retail Self-Service Market

Major companies operating in the retail self-service kiosk market are focusing on developing new kiosk solutions such as high-performance kiosks built on Windows OS, to advance their offerings to their customers. The new high-performance kiosk is built on the Windows OS with Samsung's latest interactive self-service display. For instance, in May 2023, Samsung Electronics Co. Ltd., a South Korean information technology company, launched KMC-Windows, an updated Windows version of the Samsung Kiosk designed for retail self-service applications. This new kiosk model features an interactive 24-inch display with expanded software compatibility, catering to industries such as food and beverage, retail, travel, and healthcare, offering high-performance computing power and full compatibility with significant ordering, point-of-sale, and property management system software. 

Redyref Interactive Kiosks Products Acquires Livewire Digital Revolutionizing Customer Engagement Solutions

In December 2023, Redyref Interactive Kiosks Products, a US-based leading manufacturer of innovative self-service kiosks, acquired Livewire Digital for an undisclosed amount. Through this acquisition, Redyref's commitment is to delivering cutting-edge customer engagement solutions across various industries, including retail, hospitality, healthcare, entertainment, and transportation, and to revolutionize customer engagement by providing captivating and customer-connecting indoor and outdoor interactive kiosks. Livewire Kiosk Inc. is a US-based digital kiosk solution company that offers interactive self-service kiosk software and services. North America was the largest region in the retail self service kiosk market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail self service kiosk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail self service kiosk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The retail self-service kiosk market consists of revenues earned by entities by providing services such as product information, self-checkout, wayfinding, navigation, and reservations. The market value includes the value of related goods sold by the service provider or included within the service offering. The retail self-service kiosk market also includes sales of self-checkout kiosks, ordering kiosks, product ordering kiosks, digital signage kiosks, feedback and survey kiosks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The retail self service kiosk market research report is one of a series of new reports from The Business Research Company that provides retail self service kiosk market statistics, including retail self service kiosk industry global market size, regional shares, competitors with a retail self service kiosk market share, detailed retail self service kiosk market segments, market trends and opportunities, and any further data you may need to thrive in the retail self service kiosk industry. This retail self service kiosk market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

C2C E-Commerce Market Definition And Segments

C2C e-commerce, or consumer-to-consumer e-commerce, refers to the purchase and sale of products or services by individual customers using online platforms or marketplaces. It enables peer-to-peer transactions by allowing people to participate as both buyers and sellers. C2C e-commerce aims to build a virtual marketplace where people may connect, trade, and exchange goods or services without the need for middleman businesses. The main types of C2C e-commerce are B2C retailers and classifieds. B2C retailers refer to consumers selling products or services directly to other consumers through e-commerce platforms. Various types of platforms are included, such as web-based and mobile applications, which are used for several applications, including automotive, beauty and personal care, books and stationery, consumer electronics, clothing and footwear, home décor and electronics, sports and leisure, travel and tourism, media and entertainment, and information technology (software). The C2C e-commerce market covered in this report is segmented – 1) By Type: B2C Retailers, Classifieds 2) By Platform: Web-based, Mobile Application 3) By Application: Automotive, Beauty And Personal Care, Books And Stationery, Consumer Electronics, Clothing And Footwear, Home Décor And Electronics, Sports And Leisure, Travel And Tourism, Media And Entertainment, Information Technology (Software) The C2C e-commerce market size has grown exponentially in recent years. It will grow from $2,003.69 billion in 2023 to $2490.06 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to increasing internet penetration and smartphone usage, rising trend of online shopping and digital transactions, growth of the sharing economy and peer-to-peer transactions, expansion of social media platforms facilitating C2C commerce, consumer preference for variety and unique products, convenience and accessibility of online marketplaces, emergence of trust-building mechanisms and user reviews. The C2C e-commerce market size is expected to see exponential growth in the next few years. It will grow to $5983.83 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. The growth in the forecast period can be attributed to continuation of the shift towards online shopping habits, expansion of cross-border c2c transactions, adoption of mobile payment solutions and digital wallets, rising popularity of niche and artisanal products, growth of influencer marketing and social commerce, increasing focus on sustainability and second-hand goods, regulatory support and consumer protection measures. Major trends in the forecast period include rise of social commerce platforms, integration of user-generated content, growth in demand for niche marketplaces, development of secure payment gateways, collaboration between platforms and providers, expansion of cross-border trade, adoption of artificial intelligence, integration of sustainability practices.

Online Payment Methods Fuel The C2C E-Commerce Market Growth

The increasing adoption of online payment methods is expected to propel the growth of the C2C e-commerce market going forward. Online payment methods refer to a digital or electronic system that enables individuals and businesses to make and receive payments over the Internet. These payment methods are on the rise due to increasing mobile penetration and Internet availability, pandemic impact, and security enhancements. Online payment methods automate various aspects of the payment process, reducing manual intervention and streamlining operations for C2C e-commerce platforms. These methods also enable C2C e-commerce platforms to reach a global audience. For instance, in September 2023, according to reports published by Electronic Payments International, a UK-based payments company, in 2022, the total number of digital payments in the UK increased to 45.7 billion, representing an increase of 13% from 40.4 billion in 2021. Additionally, the number of contactless payments rose by 30% to 17 billion. Nearly a third of adults are registered for at least one mobile payment service. Therefore, the increasing adoption of online payment methods is driving the growth of the C2C e-commerce market. Major companies operating in the C2C E-commerce market are Amazon.com Inc., JD.com Inc., Alibaba Group Holding Limited, PayPal Holdings Inc., Taobao, eBay Inc., Airbnb Inc., Flipkart Internet Private Limited, Shopify Inc., ASOS plc, Etsy Inc., OLX Inc., Squarespace Inc., Craigslist Inc., Fiverr International Ltd., Make My Trip Pvt. Ltd., BigCommerce Holdings Inc., Poshmark Inc., Depop Ltd., Shopee Pte. Ltd., Tradesy Inc., uBid Holdings Inc., Auctions.com LLC, Quikr India Private Ltd., WooCommerce

Strategic Collaborations Are Revolutionizing The C2C E-commerce Market

Major companies operating in the C2C e-commerce market are focusing on the adoption of strategic collaborations to gain a competitive edge in the market. These collaborations enhance C2C e-commerce providers' offerings, expand their reach, and improve the overall user experience. These organizations may combine their expertise and resources to build a more robust and comprehensive e-commerce ecosystem. Flipkart Commerce Cloud refers to a cutting-edge platform designed to revolutionize retail and e-commerce operations globally. For instance, in February 2022, valU, an Egypt-based fintech platform, and PayTabs Egypt, an Egypt-based payment processing company, partnered with Mazadat, an Egypt-based provider of C2C e-commerce platforms, to enhance payment solutions and services within the entertainment industry and e-commerce businesses. This collaboration will allow Mazadat’s users to utilize valU’s BNPL services for C2C and B2C e-commerce and process online payments via PayTabs Egypt’s payment gateway. This agreement represents valU's first move into the C2C e-commerce market, and it comes at an important time given the rapid changes in customers' shopping patterns, the online purchase boom, and the ever-increasing usage of technology in all aspects of life, particularly in light of the COVID-19 pandemic.

NAVER Corp. Acquires Poshmark Inc. To Boost Global Fashion E-commerce

In January 2023, Naver Corp., a South Korea-based internet services company, acquired Poshmark Inc. for approximately $1.2 billion. Through this acquisition, Naver and Poshmark will collaborate to build a worldwide player in online fashion re-commerce by combining Poshmark's unique discovery-based social shopping platform and intensely engaged community with Naver's technological expertise in improving the e-commerce experience. Poshmark Inc. is a US-based C2C e-commerce platform that focuses on fashion, allowing individuals to buy and sell clothing, shoes, and accessories from both brands and individuals. North America was the largest region in the C2C E-commerce market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the C2C E-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the C2C E-commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The C2C E-commerce market includes revenues earned by entities by providing services such as shipping and delivery services, seller tools and analytics, secure payment gateway integration, product listings, and others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The C2C e-commerce market research report is one of a series of new reports from The Business Research Company that provides C2C e-commerce market statistics, including C2C e-commerce industry global market size, regional shares, competitors with a C2C e-commerce market share, detailed C2C e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the C2C e-commerce industry. This C2C e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Category Management Software Market Definition And Segments

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. The main types of components in category management software are solutions and services. A solution refers to software systems or tools designed to address specific challenges or needs within a particular domain. It can be deployed on-premises and cloud-based in various organizations, such as small and medium enterprises and large enterprises, for various applications, including retail, distribution, and consumer packaged goods. 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 The category management market size has grown rapidly in recent years. It will grow from $1.90 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. 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 market size is expected to see rapid growth in the next few years. It will grow to $3.66 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. 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.

Surge In Retail Stores Fuels Growth In Category Management Software Market

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. 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.

AI-Powered Category Management Solutions For Enhanced Efficiency And Strategic Decision-Making

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.

ITONICS GmbH Acquires Braineet To Strengthen Open Innovation And Strategy Development

In January 2024, ITONICS GmbH, a Germany-based SaaS provider of systematic innovation management, acquired Braineet for an undisclosed amount. Through this acquisition, ITONICS aimed to enhance innovative management capabilities by integrating Braineet's expertise in crowdsourcing and innovation portfolio management. The acquisition also aims to create a comprehensive platform offering state-of-the-art tools for open innovation, strategy development, and digital transformation. Braineet is a France-based company that offers category management software. Europe was the largest region in the category management software market in 2023. 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. The countries covered in the category management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The category management software market consists of revenues earned by entities providing services such as data analysis and insights, strategic planning, procurement optimization, and inventory management, which are used to streamline and enhance processes related to category management. The market value includes the value of related goods sold by the service provider or included within the service offering. The category management software market also includes sales of servers, storage solutions, software licenses, and networking components that are used in providing category management software services. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The category management software market research report is one of a series of new reports from The Business Research Company that provides category management software market statistics, including category management software industry global market size, regional shares, competitors with a category management software market share, detailed category management software market segments, market trends and opportunities, and any further data you may need to thrive in the category management software industry. This category management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Indoor Location Market Definition And Segments

Indoor location refers to the process of determining and tracking the geographical position of objects or individuals within an enclosed space, such as buildings, shopping malls, airports, hospitals, or warehouses, using various technologies. This technology enables accurate positioning and navigation indoors, where GPS signals may be weak or unavailable. The main offerings of indoor location are hardware, solutions and services. Hardware in the indoor location market refers to the physical devices and components used to enable indoor positioning and tracking, such as beacons, Wi-Fi access points, RFID tags, and sensors. They work based on Bluetooth low energy (BLE), ultra-wideband (UWB), wi-fi, radio frequency identification (RFID) and magnetic positioning for emergency response management, sales and marketing optimization, remote monitoring, predictive asset maintenance, supply chain management, and inventory management applications in various verticals including retail, travel and hospitality, media and entertainment, transportation and logistics, government and public sector, manufacturing, healthcare and pharmaceuticals. The indoor location market covered in this report is segmented – 1) By Offering: Hardware, Solutions, Services 2) By Technology: Bluetooth Low Energy (BLE), Ultra-wideband (Uwb), Wi-Fi, Radio Frequency Identification (RFID), Magnetic Positioning 3) By Application: Emergency Response Management, Sales And Marketing Optimization, Remote Monitoring, Predictive Asset Maintenance, Supply Chain Management, Inventory Management 4) By Vertical: Retail, Travel And Hospitality, Media And Entertainment, Transportation And Logistics, Government And Public Sector, Manufacturing, Healthcare And Pharmaceuticals The indoor location market size has grown exponentially in recent years. It will grow from $11.37 billion in 2023 to $14.09 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to growing number of applications powered by beacons and Bluetooth low energy tags, increasing use of proximity-based solutions in the retail sector bolstering growth, increasing adoption of IoT and connected devices such as wearables and smartphones, rising emphasis on consumer preference and consumer behavior. The indoor location market size is expected to see exponential growth in the next few years. It will grow to $33.58 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to government initiatives for smart cities, inefficiency of the GPS technology in indoor premises, demand for navigation, growing need for accurate and real-time location services, increasing adoption of data analytics in the retail sector. Major trends in the forecast period include technological developments, integration with augmented reality, real-time location systems (RTLS), augmented reality (AR) indoor navigation, cloud-based indoor location platforms.

Role Of Smartphones In Driving Growth Of The Indoor Location Market

The increasing use of smartphones is expected to propel the growth of the indoor location market going forward. A smartphone refers to a mobile phone that offers advanced computing capabilities and connectivity, typically including features such as internet access, touchscreen interfaces, and the ability to run third-party apps. Smartphone usage is increasing due to its multifunctionality, accessibility, improved technology, app ecosystem, role in work and education, and entertainment capabilities. Smartphones play a crucial role in indoor location by leveraging a combination of sensors, wireless technologies, and mapping apps to provide accurate indoor positioning and navigation services. For instance, in March 2023, according to a report published by Cybercrew, a UK-based cybersecurity solutions provider, the percentage of UK households using smartphones reached 91.43% in 2021 and is projected to rise to 93.8% by 2026. Therefore, the increasing use of smartphones is driving the growth of the indoor location market. Major companies operating in the indoor location market are Apple Inc., Google LLC, Microsoft Corporation, Cisco Systems Inc., Mist Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company (HPE), Nokia Corporation, CommScope Inc., Secure Energy Services Inc., Zebra Technologies Corporation, Acuity Brands Inc., Halma plc, HERE Global B.V., Environmental Systems Research Institute Inc. (Esri), STANLEY Healthcare, Orient Electric Limited, Polaris Wireless Inc., Ubisense Limited, Inpixon, Sonitor Technologies AS, IndoorAtlas Ltd., HID Global Corporation, Quuppa Oy, InnerSpace Technology Inc., AiRISTA Flow Inc., Pozyx Labs NV, Mapxus Limited, Kontakt.io Inc., infsoft GmbH

Innovative Products In The Indoor Location Market

Major companies operating in indoor location markets are developing innovative products such as ArcGIS Indoor Positioning System (IPS) to mark a competitive edge in the market. The ArcGIS Indoor Positioning System (IPS) is a sophisticated technology that enables real-time indoor location services within buildings. For instance, in July 2022, Esri, a US-based software company, developed the ArcGIS Indoor Positioning System (IPS) to provide real-time indoor location services through Esri's ArcGIS Indoors mobile application and custom apps built with the ArcGIS Runtime software development kit (SDKs). Using Bluetooth beacons installed inside buildings, the ArcGIS IPS collects radio signals to locate user mobile devices, displaying their location as a blue dot on the map. This technology enhances indoor wayfinding, provides location information data capture and analytics for GIS teams, facility managers, and executives, and supports managing flexible seating arrangements and ensuring safety for in-person workers within hybrid workplace models.

Verizon Acquires Senion To Enhance Indoor Location Services

In June 2021, Verizon Telecommunications Inc., a US-based wireless carrier company, acquired Senion for an undisclosed amount. This strategic acquisition allowed Verizon to empower companies to manage their spaces better, locate and track people, machines, and IoT-enabled items within indoor environments, and optimize the utilization and productivity of physical spaces through smart space solutions and analytics. Senion AB is a Sweden-based company that uses indoor positioning technology. North America was the largest region in the indoor location market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the indoor location market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the indoor location market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The indoor location market consists of revenues earned by entities by providing services such as indoor positioning systems, indoor navigation, asset tracking, location-based services and indoor analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The indoor location market also includes sales of beacons, Wi-Fi access points, radio-frequency identification tags, ultra-wideband tags and anchors, sensors, and smartphones. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The indoor location market research report is one of a series of new reports from The Business Research Company that provides indoor location market statistics, including indoor location industry global market size, regional shares, competitors with an indoor location market share, detailed indoor location market segments, market trends and opportunities, and any further data you may need to thrive in the indoor location industry. This indoor location market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Inventory Management Software Market Definition And Segments

Inventory management software refers to a solution that automates inventory management processes, allowing businesses to track, organize, and oversee their inventory effectively. This software streamlines tasks related to tracking inventory, managing reordering, and updating accounting data in real time. It helps in monitoring sales and purchases, storing inventory efficiently, tracking stock levels, ensuring sufficient inventory, and automating manual tasks to reduce errors and improve accuracy. The main types of components in inventory management software are inventory management software and inventory management services. Inventory management software enables organizations to streamline processes such as order fulfillment, stock replenishment, and inventory tracking, ultimately improving efficiency and reducing costs. The various deployment modes include on-premise and cloud. These are used in many types of applications, such as order management, asset tracking, service management, product differentiation, and inventory optimization, and also by end-users in manufacturing, retail and consumer goods, healthcare and life sciences, energy and utilities, automotive, and others. The inventory management software market covered in this report is segmented – 1) By Component: Inventory Management Software, Inventory Management Services 2) By Deployment Mode: On-Premise, Cloud 3) By Application: Orders Management, Asset Tracking, Services Management, Product Differentiation, Inventory Optimization 4) By End-User: Manufacturing, Retail And Consumer Goods, Healthcare And Life Sciences, Energy And Utilities, Automotive, Others End Users The inventory management software market size has grown rapidly in recent years. It will grow from $2.04 billion in 2023 to $2.25 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to rising need for inventory tracking in healthcare, utilization of drones for inventory monitoring, increased emphasis on demand forecasting, growing popularity of SaaS (Software as a Service), increasing importance of data analytics. The inventory management software market size is expected to see rapid growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing adoption of mobile devices, increasing demand for real-time visibility, rise of subscription-based pricing models, demand for real-time inventory alerts and notifications, growth of e-commerce and omnichannel retailing. Major trends in the forecast period include collaboration with third-party logistics providers, integration of artificial intelligence (AI) and machine learning (ML), shift towards mobile inventory management solutions, expansion of global trade and supply chains, integration of voice recognition technology.

Growing Demand For Inventory Tracking In Healthcare Fuels Market Expansion

The rising need for inventory tracking in healthcare is expected to propel the growth of the inventory management software market going forward. Healthcare refers to the maintenance or improvement of health through the prevention, diagnosis, treatment, and management of illness, disease, injury, and other physical and mental impairments in individuals, communities, or populations. The rising need for inventory tracking in healthcare is driven by the imperative to improve cost efficiency, regulatory compliance, patient safety, supply chain resilience, and operational effectiveness. Inventory tracking generates the supply chain process, reducing the time and effort required to manage and locate items, and is used in healthcare settings to enhance operational efficiency, reduce costs, and ultimately improve patient outcomes. For instance, in May 2023, according to the reports published by the Office for National Statistics (ONS), a UK-based government department, the provisional estimates for UK healthcare expenditure in 2022 were around £283 billion ($356.01 billion), showing a nominal increase of 0.7% from 2021. Therefore, the rising need for inventory tracking in healthcare is driving the growth of the inventory management software market. Major companies operating in the inventory management software market are Microsoft Corporation, Oracle Corporation, VMWare Inc., Intuit Inc., NCR Corporation, Zebra Technologies Corporation, SAP SE, The Sage Group, NEC Corporation, Manhattan Associates Inc., Zoho Corporation Pvt. Ltd., Revel Systems Inc., Fishbowl Manufacturing, Wasp Barcode Technologies Ltd., CIN7 Ltd., Acumatica Inc., Stockpile Technology Pvt. Ltd., Erply Ltd., SkuVault Inc., Archon Group LLC, Finale Inventory, Orderhive Inc., QuickBooks Commerce, Inflow Inventory, DEAR Systems

Inventory Management Software Using Voice Recognition And RFID Technology

Major companies operating in the inventory management software market are focusing on developing new technologies, such as ItemOptix, to help retailers improve their stock accuracy. ItemOptix refers to an RFID inventory management solution that is designed to help retailers optimize their stock, minimize losses, and drive sales. For instance, in January 2023, Checkpoint Systems Inc., a US-based technology company, launched ItemOptix, an inventory management software for retail, to enhance stock accuracy, accelerate stock movement, and ultimately improve sales and customer experiences. This includes various features such as real-time inventory tracking, stock visibility, user-friendly interfaces, and easy deployment to improve inventory control and operational efficiency in retail stores.

Shipsy Technology Expands Logistics Platform With Stockone Integration

In October 2023, Shipsy Technology Pvt. Ltd., an India-based logistics software as a service (SaaS), acquired Stockone Technology Pvt. Ltd. for an undisclosed amount. This acquisition would enhance Shipsy Technology Pvt. Ltd.'s aim of expanding its product portfolio and enhancing its logistics technology platform for enterprise customers. Inventory management capabilities come as a strategic extension to the existing product suite capabilities, perfectly complementing Shipsy's core offerings. Stockone Technology Pvt. Ltd. is an India-based inventory management solution that offers e-commerce companies the ability to efficiently manage their inventory operations with real-time visibility.  North America was the largest region in the inventory management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inventory management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the inventory management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The inventory management software (IMS) market consists of revenues earned by entities by providing services such as software licensing, subscription fees, maintenance, and support services, customization, and implementation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The inventory management software (IMS) market also includes sales of barcode scanners, mobile devices, and radio frequency identification (RFID) readers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The inventory management software market research report is one of a series of new reports from The Business Research Company that provides inventory management software market statistics, including inventory management software industry global market size, regional shares, competitors with an inventory management software market share, detailed inventory management software market segments, market trends, and opportunities, and any further data you may need to thrive in the inventory management software industry. This inventory management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.