Global Retail Task Management Software Market: Full year 2019 results | Estimated to be worth USD 568.24 million in 2019 and is projected to reach USD 1,800.87 million by 2027
The “Global Retail Task Management Software Market by Product Type (On-Premises & Cloud Based) and by End-Users/Application (Large Enterprises and Small & Medium Enterprises) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027” report has been added to ProficientMarket.com’s offering.
Retail Task Management Software is the platform that offers the solution which has been designed to help retailers with multiple stores to manage the operations of their stores effectively. While this software assists to prioritize the sales efforts of roaming agents on the store floor, by assigning them tasks triggered by customer activity. Additionally, it is also utilized for the management and optimization of the content of in-store media channels that include digital signage and print, to enhance customer experience and to personalize & customize marketing campaigns. Besides this, Various large scale, medium scale, and small scale companies are demanding for the enterprises to manage tasks centrally for proper workforce utilization.
In terms of revenue, global retail task management software market in 2019 stood at USD XX million and is expected to reach USD million by 2027 growing at a CAGR of 15.70% from 2020 to 2027.
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Some of the global major players operating in the global Retail Task Management Software market include: Zetes Industries S.A., Zenput Inc., Q-nomy Inc., StoreForce, Kronos Incorporated, Compliant IA (Betterdot Systems Inc.), ThinkTime, Opterus Inc. & Others.
Drivers for the Global Retail Task Management Software Market: Due to the increase in demand amongst the enterprises to centrally manage and track tasks is the major driver responsible for the growth of this market. Additionally, the requirement for the promotion of collaboration amongst the teams and for the improvement of workforce utilization led to the growth of this market. While the growth of the Small & medium size industries along with large enterprises increases the demand for the retail task management software market that is rising rapidly. Thus, the growth of retail task management software is the major driver for the global retail task management software market.
Opportunities for the Global Retail Task Management Software Market: Due to the Recent advancements in the areas of Artificial intelligence and machine learning will provide an opportunity for the growth of this market at the forecast period. While, the Integration of task management software with other third-party tools can boosts the market growth at forecast timespan. In addition to this, Rapid development in big data applications has led to the requirement for the development of the latest technologies for the optimization of cost-efficiency. Thus, these factors are expected to be the causative factor for the increasing growth of new analytics platforms and new data storage centers in the retail task management software market for the upcoming period.
Restrains for the Global Retail Task Management Software Market: Due to the Security concerns amongst the enterprises with respect to cloud-based task management software is the major restraint of the growth of this market. Various Small and medium companies are unable to afford the huge cost of technical setups and sophisticated equipment. Thus they avoid investments regarding the installation of such technologies, software, and services due to their cost-sensitive attitude and lack of awareness concerning the benefits of the retail task management software. Hence, cost sensitivity is another factor hindering the retail task management software market.
Region Wise, Global Retail Task Management Software Market Analysis: Report covers the region-wise analysis, retail task management software market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among all, Asia Pacific leads the global retail task management software market share which is followed by North America and Europe. While the Asia Pacific leads the global retail task management software market share due to the rise in GDP, growth in research activities and an increase in investment in service industry are estimated to raise the market in the Asia Pacific. While due to its economic development, along with the increasing disposable income, especially in India and China is fueling the market segment in this region. Besides this, owing to the presence of a huge of vendors in this region, the region is one of the most advanced in terms of technology adoption and IT infrastructure optimization.
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Global Retail Task Management Software Market: Product analysis
On the basis of type, On-Premises accounted for the largest share of total revenue generated. Because, the Retail Task Management Software offers the ability of on-demand resource deployment and consumption. While the Organizations favor the on-premises deployment type, as it delivers ease of access along with the reduction of capital and operational expenses.
Global Retail Task Management Software Market: Application analysis
Small & Medium Enterprises
The demand of global Retail Task Management Software market is highest from Large Enterprises, due to due to the increasing requirement for the reduction of operational costs. While streamlining workflows is expected to drive the adoption of task management software and services amongst Large enterprises. Additionally, large enterprises can afford its maintenance, installation & setup costs.
Global Retail Task Management Software Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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