Published on : Apr 18, 2017
Albany, New York, April 18, 2017: In today’s modern global retail environment, customers and businesses are increasingly empowered by the innovative digital technologies and channels that are available right at their fingertips. In this scenario, Omni-channel retailing services has gained huge momentum in the past few years, which basically aims at integrating all diverse shopping channels into one, so that consumer efforts are reduced and at the same time they make an informed choice. According to the latest study, titled “Global Omnichannel Retail Market: Size, Trends & Forecasts (2017-2021)”, the global addressable market for Omni-channel retail is anticipated to increase at a significant CAGR during the years 2017-2021. This study has now been a part of the vast database of Market Research Hub (MRH) research offerings.
The overall growth of the global omni-channel retail market has been forecasted for the period 2017-2021, taking into reflection to the growth patterns of global retail sales and global retail e-commerce sales, the growth drivers as well as current and future trends. Initially, the report starts by defining the overview of the commercial transaction, which covers its types and evolution of retail sectors in the past few years. Exchange of money for a product or professional service are generally classified as commercial transactions. Presently, the commercial transactions are experiencing a significant transformation, worldwide. The commercial transactions are of four types which include: B2B, B2C, C2C and C2B.
Omnichannel retailing is perfect for today's changing retail environment. This aims at enhancing the customer buying experience by allowing them to seamlessly access the same product or a service across different channels of shopping. To fully deliver a successful Omni-channel experience for their customers, retailers must turn to sophisticated solutions that help them meet and, hopefully, exceed their customer expectations. It has also been analyzed that the concept of omni-channel is not only limited to retail but is spreading across government, financial/banking and B2B channel too.
Moreover, this study offers a precise analysis of the global addressable omni-channel retail market by value, with a deep insight of the omni-channel retail market by products and by regions. Omni-channel retail market product analysis covers:
- Consumer electronics and appliances
- Media products
- Personal Accessories and Eyewear; Beauty and Personal care
- Traditional toys and games
- Housewares and Home Furnishings
- Apparel & Footwear
- Do-it-Yourself and Home improvement
Moreover, the report also assesses key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Major market trends observed by the analysts include:
- Omni-channel adoption by U.K. retailer
- Evolving Global cloud-based POS market and Global software POS market by value
- Chinese retailers Omni-channel apps
- Webroom contributing towards omni-channel experience
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The next section of the report covers the market competitive landscape, by profiling these major players operating in the market, such as Magento Commerce, OneView Commerce, Bigcommerce, Infor, i-Vend Retail and Shopify, Inc.
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