World Omni-channel Retail Market to Show Significant Upsurge through 2021, Says Daedal Research in Its Topical Report Available at MarketPublishers.co17 Apr 2017 • by Natalie Aster
LONDON – Nowadays, the commercial transactions and operations are undergoing considerable changes globally. There are four types of commercial transactions: B2B, B2C, C2C and C2B. The B2C is known as the retail sector. Over the year, the customer shopping experience has remarkably changed from visiting a physical store to buying products and services through internet-based shopping platforms.
The concept of omni-channel retail is only entering the global market, it is not limited to only retail, but also encompasses government, financial/banking and B2B channels. The omni-channel retail integrates different shopping channels into one, thereby reducing consumer efforts and allowing to take informed decisions. Moreover, the omni-channel retail helps to enhance the customer buying experience by providing an opportunity to access the same product/service across various shopping channels.
Over 2017-2021, the world’s addressable market for omni-channel retail is likely to showcase a remarkable upsurge at a high CAGR. Robust growth will likely be driven by a surge in e-commerce sector, ongoing technological development, a growing number of smartphone users, adoption of innovations in point of sale terminal technology.
However, demand for sound order management system (OMS) development, reluctant adoption of omni-channel retail concept along with rapid software development are the key factors that could hamper the market growth.
Yet, the worldwide omni-channel retail market is currently at its nascent stage and hasn’t been completely adopted and accepted globally. To date, the market is ruled by only one dominant participant, OneView Commerce.
Insightful topical research report “Global Omnichannel Retail Market: Size, Trends & Forecasts (2017-2021)” prepared by Daedal Research offers a granular analysis of the world’s addressable omni-channel retail market. It examines the market segmentation in terms of products and regions, traces light on the key growth opportunities in the market, look at the current and future possible trends in the market and identifies the major market growth driving and limiting factors. The most prominent market players together with their financial information and respective business strategies are covered here. Moreover, comprehensive future forecasts for the world’s addressable omni-channel retail market are at hand in the report.
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