Order Fulfillment Software Market Size, Share, Growth, and Industry Analysis, By Type (Web and Cloud-based, On Premise), By Application (Retail, Telecom, Pharmaceuticals and Healthcare, Manufacturing, Others), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Order Fulfillment Software Market REPORT OVERVIEW

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global order fulfillment software market size was USD 2343.5 million in 2021 and market is projected to touch USD 6874.97 million by 2032 at CAGR 10.2% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, order fulfillment software experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Order fulfillment software can assist businesses of all sizes by simplifying the supply chain and logistical procedures. Small firms can utilize the technology to improve order processing and handling of inventory, while larger enterprises may employ it to efficiently handle massive quantities of orders and complex shipping processes.

Furthermore, the increasing need for complete solutions is propelling the industry forward. Overall, the order fulfillment software market growth is expanding rapidly due to rising need for effective and affordable options, automated and analytics capabilities, portable solutions, and fully integrated solutions.

COVID-19 Impact: Obstacles in Services to Advance Market Growth

COVID-19 pandemic advanced the market growth. During the pandemic the order fulfillment technology automated the labor-intensive activities of order pickup, order processing, and delivery. Customers expect their service providers to carry out their orders fast and precisely in today's internet world. Depending on the activities of a company, an omnichannel order management system could streamline order fulfillment. Among the applications, order fulfillment is expected to have the greatest market over the projection period.

LATEST TRENDS

"Growth in E-Commerce to Stimulate Market Development"

With the advent of the digital age, e-commerce has grown into a significant component of the global economy and is expanding at a rapid pace. This has increased the demand of order fulfillment software which delivers the efficiency and scalability required to handle the increasing amount of orders. To stay up with the rate of growth, businesses must make investments into order fulfillment software which enables companies to handle their stock more effectively, streamline their order fulfillment operations, and give a better experience to their consumers.

Order Fulfillment Software Market SEGMENTATION

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• By Type

Based on type; the market is divided into web and cloud-based, on premise.

Web and cloud-based is the leading part of the type segment.

• By Application

Based on the application; the market is divided into retail, telecom, pharmaceuticals and healthcare, manufacturing, others.

Retail is the leading part of the application segment.

DRIVING FACTORS

"On-Premise Category to Aid Market Expansion "

On-premise category has become an application that is installed and hosted on the server or IT infrastructure of a business. This traditional system enables businesses to keep data in their possession while controlling safety and access to their software. It additionally offers visibility into where individual bits of data may live and enables for program modification. The upfront expenses of software are frequently higher than those of cloud-based solutions, although total expenditures can be cheaper in the long run.

"Introduction of Cloud-Based Solutions to Foster Industry Progress "

The introduction of cloud-based solutions has also boosted the market. Such solutions provide greater scalability and adaptability to enterprises, allowing them to swiftly and effectively extend their business as needed. Furthermore, the growing implementation of internet of things (IoT) and artificial intelligence (AI) is boosting the worldwide market.

Businesses are able to streamline their order fulfillment procedures, resulting in better efficiency and accuracy. Overall, the worldwide order fulfillment software industry provides several opportunities for companies of all sizes. Businesses can enhance the efficiency of their supply chains, decrease costs, and achieve a competitive advantage by implementing the proper solutions.

RESTRAINING FACTORS

"Threat of Competitors to Limit the Market Evolution"

The threat of competitors breaking in the worldwide order fulfillment software market was minimal because the entry cost is fairly high due to the substantial investment in capital and technical skills required. Furthermore, established vendors possess well-established customer bases, making it harder for new entrants to compete.

Order Fulfillment Software Market REGIONAL INSIGHTS

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"Rising Need for Analytics Feature in North America to Support Market Advancement "

North America's order fulfillment software market share is expanding rapidly. This is due to the increasing need in the area for effective and inexpensive order fulfillment solutions. The widespread use of solutions that are cloud-based, which provide flexibility and scalability to enterprises, is also driving growth. The growing need for automated and analytics features for fulfillment software is also driving the market. This enables organizations to streamline operations and cut costs.

Furthermore, the growing need for solutions that focus on customers is propelling the industry forward. The growing need for mobile-friendly solutions is also driving the market. This enables organizations to give a unified experience to customers across numerous media.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• SAP Ariba (U.S.)
• Intuit (U.S.)
• Salesforce (U.S.)
• NetSuite (U.S.)
• Da Vinci (Germany)
• ShipStation (U.S.)
• monday.com (Israel)
• 3PL Warehouse Manager (India)
• Shippo (U.S.)
• Kuebix TMS (U.S.)
• Cin7 (Zealand)
• FreightPath (U.S.)
• Zoey (U.S.)
• WithoutWire (U.S.)
• Fishbowl (U.S.)
• SalesWarp (U.S.)
• Shipedge (U.S.)
• DiCentral (U.S.)
• Infoplus (U.K.)
• WISE (U.K.)
• OpenXcell Technolabs (U.S.)
• Brightpearl (U.S.)
• Agiliron (U.S.)
• Rose Rocket (U.S.)
• Logistically (U.S.)
• Now Commerce (U.S.)
• Excalibur WMS by Camelot 3PL (U.S.)
• CobbleStone Software (U.S.)
• Spendwise (U.S.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.