Global Order Management Software Market - WishTree Insight

Global Order Management Software Market by Type (On-Premise OMS and Cloud Inventory OMS), Application (Restaurant, Distributors, and Supermarkets), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Order Management Software market size was valued at USD 5.9 billion in 2022 and is expected to surpass USD 12.3 billion by 2032, expanding at a CAGR of 15.3 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing use of e-commerce and mobile commerce, the growing adoption of automation in supply chain management, and the need for real-time visibility of inventory and order status.

INTRODUCTION

The order management software market is a rapidly growing industry, as more and more businesses turn to technology to streamline their operations and improve efficiency. Order management software is a type of software that helps businesses manage and track customer orders. It typically includes features such as inventory management, order tracking, shipping and billing management, and customer relationship management (CRM). This software can be used by businesses of all sizes and can integrate with other business software, such as accounting and e-commerce platforms. Some examples of popular order management software include TradeGecko, Orderhive, and Brightpearl.

Market Trends, Drivers, Restraints, and Opportunities

• Growing number of transactions globally is considered a key driver propelling the market.
• Increasing number of transactions and developing trade volumes are driving the market growth.
• The need to limit operational risks and control trade processing costs is driving the global order management software market.
• Growing regulatory and competitive tension on financial administration firms to automate the process the expected to create lucrative opportunities in the market.

Scope of the Report

Market Segment Insights

Based on type, the order management software market is divided into on-premise OMS and cloud inventory OMS. In cloud-based OMS, the software is accessed through a web browser or server. While in on-premise OMS, the ERP system is installed locally by the company’s IT staff.

Based on the application, the order management software market is divided into restaurants, distributors, and supermarkets. The restaurants use OMS to streamline the food preparation as well as the sales aspect of the business. However, the supermarket uses software for fast billing, easy monitoring, and controlling inventory. Moreover, distributors use software for job shop floor control, inventory control, material requirements planning, and others.

Asia Pacific region holds a key market share

In terms of regions, the order management software market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific is expected to constitute a key share of the market during the projected period owing to digital upgrades in supermarkets, convenience stores, grocery stores, and hypermarkets. However, the North American region market is expected to expand at a rapid pace in the coming years. Moreover, Latin America and Middle East & Africa hold a steady market share.

Competitive Landscape

Key players competing in the Order Management Software market are Oracle Corporation (U.S.); OmPrompt Order Management (U.S.); Delivery Biz PRO (U.S.); Focus e-RMS (U.S.).

FAQs

How much is the market worth?

The Order Management Software market size was valued at USD 5.9 billion in 2022 and is expected to surpass USD 12.3 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 15.3%.

What are the key drivers of the market?

The market's growth is attributed to the increasing use of e-commerce and mobile commerce, the growing adoption of automation in supply chain management, and the need for real-time visibility of inventory and order status.

What segments are covered in the Order Management Software report?

The segments covered in the report are type (on-premise OMS and cloud inventory OMS), and application (restaurants, distributors, and supermarkets).

Mention the key players in the market.

Oracle Corporation (U.S.); OmPrompt Order Management (U.S.); Delivery Biz PRO (U.S.); Focus e-RMS (U.S.)