Retail Sourcing And Procurement Global Market Report 2023 – By Solution (Strategic Sourcing, Supplier Management, Contract Management, Procure to Pay, Spend Analysis), By Service (Implementation, Consulting, Training and Support), By Deployment (On Premise, Hybrid, Cloud), By End User (Small and Medium Enterprise (SME), Large Enterprise) – Market Size, Trends, And Global Forecast 2023-2032

Procurement analytics refers to software which automates spend analysis and purchase analysis and operates completely organizations’ expenditure through an insightful dashboard. These procurement analytics solutions collect data from various sources such as ERPs, process raw data into use-case taxonomies, and display in visualization dashboards. The main components of procurement analytics are solutions and services. The procurement analytics solutions refer to procurement analytics software and tools that operate on on-premise or cloud platforms. The key applications of procurement analytics include supply chain analytics, risk analytics, spend analytics, demand forecasting, contract management, vendor management, and category management. They are used by end-use industries ranging from retail and e-commerce, manufacturing, government and defense, healthcare and life sciences, telecom and IT, energy and utilities, banking, financial services, and insurance (BFSI), others. The global procurement analytics market is segmented - 1) By Component: Solutions, Services 2) By Deployment Mode: Cloud, On-Premises 3) By End User: Retail and E-commerce, Manufacturing, Government and Defense, Healthcare and Life Sciences, Telecom and IT, Energy and Utilities, Banking, Financial Services, and Insurance, Other End Users 4) By Application: Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management, Category Management The global procurement analytics market size will grow from $4.08 billion in 2022 to $4.88 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the procurement analytics is expected to grow to $10.26 billion in 2027 at a CAGR of 20.4%. Growth in e-commerce and the organized retail industry is expected to propel the growth of the procurement analytics market. E-commerce refers to a medium used by customers and vendors to buy or sell goods and services from the Internet from websites, applications and others through computers, tablets, smartphones, and other smart devices. Procurement analytics is widely used by e-commerce giants and organized retail stores, as it offers data-driven analysis of customer behaviours and spending analysis. For instance, in December 2021, according to the Indian brand equity foundation, e-commerce turnover in India reached $50 billion in 2020 and evolved as the eighth-largest market for e-commerce across the globe, and it is predicted to reach $350 billion by 2030. Thus, an increase in usage of e-commerce and the organized retail industry is expected to boost demand for procurement analytics during the forecast period. Major players in the procurement analytics market are SAP, Oracle, Coupa Software, Genpact, Rosslyn Data Technologies, IBM, Cisco, Microsoft Corp., BirchStreet Systems LLC, Sievo, Corcentric, Zycus, Amazon Web Services, Inc., and JAGGAER LLC. Technological advancements such as artificial intelligence (AI) and cognitive computing are gaining popularity in the procurement analytics market. Major companies operating in the procurement analytics sector are focused on developing and implementing new technological solutions such as AI to expand their product portfolio and strengthen their position in the market. For instance, in April 2020, Digitate, a software venture of Tata Consulting Services, launched ignio Cognitive Procurement, to assist enterprises in making data-driven decisions making. This product utilizes AI/ML to increase the speed and accuracy of the process and assist enterprises in understanding procurement behaviour, monitoring transactions, and others. In February 2020, McKinsey & Company, a US-based management consulting company, acquired Orpheus GmbH for an undisclosed amount. The acquisition by McKinsey & Company is focused on expanding its product offering related to digital process solutions, and expanding its business presence across the globe. Orpheus GmbH, is a Germany-based company involved offering to spend analytics solutions. North America was the largest region in the procurement analytics market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the procurement analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the procurement analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The procurement analytics market includes revenues earned by entities by providing services such as identifying need, supplier evaluation and selection, purchase order, and delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The procurement analytics market research report is one of a series of new reports from The Business Research Company that provides procurement analytics market statistics, including procurement analytics industry global market size, regional shares, competitors with a procurement analytics market share, detailed procurement analytics market segments, market trends and opportunities, and any further data you may need to thrive in the procurement analytics industry. This procurement analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Supply chain management software refers to a program, platform, or set of tools that help streamline and manage a company's end-to-end supply chain processes, from assessment and forecasting to managing supplier relationships. The main product types of supply chain management (SCM) software are transportation management system, warehouse management system, supply chain planning, procurement software, manufacturing execution system. A transportation management system (TMS) is a logistics platform that uses technology to assist businesses in planning, executing, and optimizing the physical movement of goods, both incoming and outgoing, as well as ensuring compliance and proper documentation. The software is used by small and medium sized enterprises (SMEs), large enterprises of consumer goods, healthcare and pharmaceuticals, manufacturing, food and beverages, transportation and logistics and others industry verticals. The global SCM software market is segmented - 1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System 2) By Industry Vertical: Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Other Industrial Verticals 3) By User Type: Small & Medium Sized Enterprises (SMEs), Large Enterprises The global scm software market size will grow from $31.91 billion in 2022 to $37.86 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global scm software is expected to grow to $73.98 billion in 2027 at a CAGR of 18.2%. SCM software’s can manage the complexities of the modern day supply chain. With businesses going global and increased competition, the supply chains are getting complex. The number of suppliers, orders received/completed, variety of product offerings, information generated etc. all have increased substantially. Through the use of SCM software, the complexity can be reduced along with cost and resource savings. The need for companies to remain relevant in the market amidst the highly competitive conditions is a crucial driver for the growth of the SCM software market. Major players in the supply chain management SCM software market are SAP, Oracle, JDA Software Group, Inc., Infor Global Solutions, Manhattan Associates, GT Nexus, Descartes Systems Group, IBM Corporation, Kinaxis Inc., High Jump, Epicor Software Corporation, Kewill Systems, BluJay Solutions, IFS, Verizon Connect, SPS Commerce, Inc., Dassault Systemes, Coupa, Basware, WiseTech Global, e2open, Jaggaer, GEP, Zycus, Plex Manufacturing Cloud, QAD, Inc., Sage, Vanguard Software, Quintiq and Unit4. Home Depot, one of the biggest retailers selling home improvement and construction products and services used to have separate logistics management departments in every single physical store to utilize replenishment and store management-related activities. This was costly as each store had to process the replenishment orders to get the required materials from the suppliers separately. After realizing that the de-centralization of the logistics management was a major issue, Home Depot decided to centralize those individual departments into one department in its corporate headquarters. With the help of technology and right SCM software solutions, Home Depot’s new centralized inventory and replenishment department’s overall performance improved the demand forecast accuracy and decreased the cost of operations for the replenishment orders. Supply chains are continuously evolving with data at the center of every stage in the value chain. With a huge amount of data generated, there is an enormous challenge in the form of data and IT security risks. Protecting the privacy and still sharing data across the supply chain is a major challenge which could become a roadblock for the SCM software industry. The Target breach was caused by lax security at an HVAC vendor wherein personal information of as many as 70 million people was compromised. The information stolen included customer names, credit or debit card number, the card’s expiration date and CVV number. Asia-Pacific was the largest region in the supply chain management SCM software market in 2022. North America was the second largest region of the global supply chain management SCM software market share. The regions covered in the global supply chain management SCM software market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the supply chain management SCM software market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The supply chain management SCM software market includes revenues earned by entities by developing and distributing software that manages the flow of products and information across the supply chain, thereby strengthening the supply chain operations in an organization. Software such as SCMs are used to bring equilibrium between supply and demand by improving business processes and plan future needs using algorithms that provide consumption analysis. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The supply chain management SCM software market research report is one of a series of new reports from The Business Research Company that provides supply chain management SCM software market statistics, including supply chain management SCM software industry global market size, regional shares, competitors with a supply chain management SCM software market share, detailed supply chain management SCM software market segments, market trends and opportunities, and any further data you may need to thrive in the supply chain management SCM software industry. This supply chain management SCM software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart and mobile supply chain solutions refer to an intelligent supply chain management system which is self-organizing and self-improving and is employed in the development of systems that enable total business visibility, supply synchronization, and inventory optimization in response to demand and manufacturing. The smart and mobile supply chain solutions are used to generate information flow and decision-making across various supply chain partners. It also relates to the use of mobile applications and devices to enhance supply chain activities and, as a result, help businesses save money, improve supply chain responsiveness, and gain a competitive advantage. The main smart and mobile supply chain management solutions include transportation management systems (TMS), warehouse management systems (WMS), sourcing and procurement, supply chain planning (SCP) and manufacturing execution systems (MES). Transportation management systems are technology-based logistics platforms which help businesses in organizing, carrying out, and optimizing the actual movement of products. The enterprise sizes for smart and mobile supply chain management solutions include small and medium enterprises and large enterprises. The different end-users of smart and mobile supply chain management solutions include retail and consumer goods, IT and telecom, manufacturing, BFSI, government, energy and utilities, healthcare, transportation and logistics and other end-users. The global smart and mobile supply chain solutions market is segmented - 1) By Solution: Transportation Management Systems (TMS), Warehouse Management Systems (WMS), Sourcing and Procurement, Supply Chain Planning (SCP), Manufacturing Execution Systems (MES) 2) By Enterprise Size: Small and Medium Enterprises, Large Enterprises 3) By End-User: Retail and Consumer Goods, IT and Telecom, Manufacturing, BFSI, Government, Energy and Utilities, Healthcare, Transportation and Logistics, Other End-Users The global smart and mobile supply chain solutions market size will grow from $19.97 billion in 2022 to $22.17 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart and mobile supply chain solutions is expected to grow to $34.22 billion in 2027 at a CAGR of 11.5%. The increasing adoption of 5G networks is expected to drive the smart and mobile supply chain solutions market. 5G is the 5th generation mobile network for higher speed and responsiveness of wireless networks. With increased 5G network speed, bandwidth, and lower latency, there is better supply chain connectivity, and stakeholders have a quicker and better-connected experience across the supply chain. According to a 2022 study conducted by Verizon, a US-based telecommunications company, and Incisiv, a US-based consumer industry insights company, the overall 5G adoption stands at about 13%, which is expected to triple by 2024. Therefore, the increasing adoption of 5G networks drives the market for smart and mobile supply chain solutions. Major players in the smart and mobile supply chain solutions market are SAP SE, Oracle Corporation, JDA Software Group Inc., Manhattan Associates Inc., Epicor Software Corporation, IBM Corporation, Infor Global Solutions Inc., GT Nexus Inc., Kewill Systems PLC., Descartes Systems Group Inc., Blue Yonder Group Inc., Vanguard, Salesforce, E2open LLC, Dassault System. The advancement in technology is the key trend gaining popularity in the smart and mobile supply chain solutions market. Companies in the market are focusing on integrating different technologies such as blockchain into smart and mobile supply chain solutions to increase transparency and improve efficiency. For instance, in April 2021, Honeywell International Inc., a technology and engineering company, launched a suite of improved supply chain software incorporating digital disruptors to offer a strong solution to assist businesses in achieving their need for increased efficiencies and better customer experiences. The software is installed on ruggedized mobile computers from Honeywell, including the Mobility Edge platform's Honeywell CT40, CT40XP, CT60, CT60XP, CN80, CN80G, CK65, RT10A, and Thor VM1A and VM3A. Both managers and employees can see the entire operation in real time. Managers can make automated data-driven decisions on the fly using machine learning insights to help solve and keep problematic situations from happening. The suite includes Fareye, Honeywell Operational Intelligence, and Honeywell Smart Talk. In April 2022, MHS Global, a US-based material handling automation technology company, merged with Fortna, a US-based software and solutions provider for warehouse, and distribution, to form a multinational company that will provide parcel, warehouse and distribution and lifecycle services. In addition to each company's significant industry ties, the combination of MHS's automation technology and Fortna's operational optimization software satisfies the demand for end-to-end logistics solutions. Customers will benefit from the breadth and depth of both companies' offerings, which include industry-leading capabilities in the parcel, cross-docking, conveyance, and sortation solutions, as well as industry-leading orchestration and optimization software and unique operational designs that leverage advanced automation to drive greater efficiencies and cost savings. North America was the largest region in the smart and mobile supply chain solutions market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart and mobile supply chain management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart and mobile supply chain management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart and mobile supply chain solutions market consists of revenues earned by entities by providing connected supply chain management and connected analytics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart and mobile supply chain management solutions market research report is one of a series of new reports from The Business Research Company that provides smart and mobile supply chain management solutions market statistics, including smart and mobile supply chain management solutions industry global market size, regional shares, competitors with a smart and mobile supply chain management solutions market share, detailed smart and mobile supply chain management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the smart and mobile supply chain management solutions industry. This smart and mobile supply chain management solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Blockchain is an immutable shared ledger that records online transactions, tracks assets, and builds trust in a business network. The main components of blockchain in retail includes platform/solutions and services. The blockchain platform or software solutions in retail designed for inventory management, person to merchant transactions, preventing cyber-attacks, product provenance, preventing counterfeit goods and fraud, and others. The providers of blockchain in retail includes application providers, middleware providers, and infrastructure providers. These solutions are used in large enterprises and small and medium enterprises for compliance management, identity management, loyalty & rewards management, payments, smart contracts, supply chain management, and others. The global blockchain in retail market is segmented - 1) By Component: Platform/Solutions, Services 2) By Providers: Application Providers, Middleware Providers, Infrastructure Providers 3) By Application: Compliance Management, Identity Management, Loyalty and Rewards Management, Payments, Smart Contracts, Supply Chain Management, Other Applications 4) By Organization Size: Large Enterprises, Small & Medium Enterprises (SMEs) The global blockchain in retail market size will grow from $0.88 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 87.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the blockchain in retail is expected to grow to $21.11 billion in 2027 at a CAGR of 89.3%. The increase in demand for transparency in the retail supply chain is driving the blockchain in the retail market. Transparency in the retail supply chain demands complete disclosure of information at every link, which includes sourcing of raw material, water usage in textile dying, customer care instructions, the environmental impact of goods distribution and others. The companies operating in the retail sector are investing in blockchain technologies to increase transparency to enhance customer experience, employee satisfaction, revenue boost, and others. For instance, according to the survey conducted by Serai in collaboration with KMPG in 2021, more than two-thirds of respondents from the apparel industry reported supply chain transparency is an extremely important issue in the current scenario. Thus, an increase in transparency in the retail supply chain is expected to boost blockchain in the retail market during the forecast period. Major players in the blockchain in retail market are IBM, SAP, Oracle Corporation, Bitfury, Auxesis Group, Sofocle, Tata Consultancy Services, Amazon Web Services, Cegeka, Provenance, Reply, Retraced, Blockchain Foundary, and Cognizant. Technological developments are a key trend gaining popularity in blockchain in the retail market. The companies operating in blockchain in the retail market are focusing on developing innovative technological solutions to meet the technical requirements and demands of end-users across the globe. For instance, in November 2022, Clarins, a France-based plant-based beauty products manufacturer, launched a blockchain-based platform for product traceability, The platform makes use of blockchain technology to guarantee total transparency, enabling the business to store and send data in a secure manner and also create a database that documents safe transactions between various suppliers and producers, using a system that verifies users' identities without allowing for any editing. In February 2020, iQSTEL Inc., a US-based provider of telecommunication and technology services acquired a 75% stake in itsBchain, a US-based provider of blockchain solutions for carriers, the corporate and retail market for an undisclosed amount. Through this, iQSTEL Inc., is focused on expanding its operations and business presence in the smart contracts and blockchain technologies sector-specific to the telecommunication industry. North America was the largest region in the blockchain in retail market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the blockchain in retail market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The blockchain in the retail market includes revenues earned by entities by managing inventory, tracking supply chain, marketing, and analyzing data. Blockchain technology helps the retail industry by making the supply chain and inventory more secure and processes more transparent. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The blockchain in the retail market research report is one of a series of new reports from The Business Research Company that provides blockchain in the retail market statistics, including blockchain in the retail industry global market size, regional shares, competitors with a blockchain in the retail market share, detailed blockchain in the retail market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain in the retail industry. This blockchain in the retail market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

ERP is a software that organizations use to manage day-to-day business operations such as procurement, accounting, project management, risk management & compliance, and supply chain activities. The main function types of ERP software are finance, HR, Supply Chain and Others. The ERP finance module is the software component of an enterprise resource planning system that handles the primary accounting and financial management functions. The software is deployed as on premise ERP and cloud ERP that are used by manufacturing and services, BFSI, healthcare, retail, government utilities, aerospace and defense, telecom, and other industry verticals. The global ERP software market is segmented – 1) By Function: Finance, HR, Supply Chain, Other Functions 2) By Deployment: On Premise ERP, Cloud ERP 3) By Vertical: Manufacturing and Services, BFSI, Healthcare, Retail, Government Utilities, Aerospace & Defense, Telecom, Other Verticals The global ERP software market size will grow from $167.33 billion in 2022 to $187.88 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ERP software is expected to grow to $294.34 billion in 2027 at a CAGR of 11.9%. Increased need for bringing efficiency and transparency in the business operations is expected to benefit the enterprise resource planning software market in the forecast period as ERP enables the integration of high volume of data among several departments and manages the flow of information and communication throughout the organization. In addition, the use of cloud-based technologies for storing and accessing real time data, analytical reporting for business decisions and the need to meet the industry standards processes which are already implanted in the software are also enhancing the growth of the market. For example, Annabelle Candy implemented the Syspro ERP, an ERP software provided by Syspro for manufacturing and distribution industries enabled them to expand their marketing practices to more locations and track their progress with ease. Major players in the ERP software market are SAP, Oracle, Microsoft, Epicor, Infor, Sage Intacct, NetSuite, IFS, Syspro, Brightpearl, FinancialForce, Dolibarr, Awery Aviation, WP, Kechie, Stafiz, BatchMaster, Intuit Inc., FIS Global, Finserv, Cerner Corporation, SS&C Technology, Constellation Software Inc., Odoo, Lawson, Consona Corp., Activant, QAD, Kronos and IBM. Increasing number of cyber-attacks are expected to limit the growth of companies in the ERP software market during the forecast period. These attacks on ERP applications including compromise and distributed denial of service (DDoS) attacks damage the operations of businesses. According to Onapsis, which is an ERP cyber security and compliance firm, ERP applications such as SAP and Oracle have a combined total of over 9000 security vulnerabilities. One of the latest trends in the ERP software market is the integration of block chain technology with ERP. Block chain is a chronological series of data managed by multiple computers owned by multiple entities, and each block of data is secured by a cryptographic code. ERP vendors need to keep their software updated in order to maximize the value addition provided to their clients. Integration of ERP with block chain will create a secured platform for collaboration, through which systems of records can be freely shared to trusted parties. For example, SAP, a software company, is exploring ways in which it can implement block chain efficiently to its existing ERP. It is trying to integrate block chain to ERP to improve 3D printing and digital manufacturing. The strict guidelines taken by the UK and French governments on Internet of Things (IoT) device manufacturers break the split of regulations for ERP software market. The adoption of advanced technologies such as IoT and machine learning in almost all the applications including ERP resulted in a lot of fraud practices and the need to prevent such practices through stringent regulations. Some examples of regulations are the stringent guidelines implemented by the French government and the UK government which have to be followed by IoT device manufacturers. These strict regulations hinder the growth of the market and prevent other companies to enter the ERP software market. For instance, leading ERP software vendors such as SAP and Oracle have been looking at ways to integrate the latest technologies including IoT and machine learning, but the strict policies constraining the development of their products are restricting the growth of the market. Asia-Pacific was the largest region in the ERP software market in 2022. North America was the second largest region of the global ERP software market share. The regions covered in the global ERP software market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the ERP software market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The ERP software market includes revenues earned by entities by developing and distributing software that helps to connect the various departments in a business for the smooth flow of communication and information by providing a central database. This central database is a shared database that gathers, stores, analyzes and interprets data, allows any department to retrieve required information at any time, and easily supports multiple departments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ERP software market research report is one of a series of new reports from The Business Research Company that provides ERP software market statistics, including ERP software industry global market size, regional shares, competitors with an ERP software market share, detailed ERP software market segments, market trends and opportunities, and any further data you may need to thrive in the ERP software industry. This ERP software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Retail refers to selling goods in small quantities to the end users. Retailing involves buying from wholesalers or direct from producers, breaking bulk, displaying goods for sale either physically or online, and sometimes delivery. The major types of retail are motor vehicle and parts dealers; food and beverage stores; gasoline stations; miscellaneous store retailers; cosmetics and personal care stores; clothing and clothing accessories stores; electronics and appliance stores; furniture and home furnishings stores; supermarkets; and hypermarkets; convenience; mom and pop stores; department stores and other general merchandise stores; e-commerce and other non-store retailers; building materials and garden equipment and supplies dealers; pharmacies; healthcare stores; and sporting goods, hobby, musical instrument, and book stores. A bookstore is a location of business where the principal commodity for sale is books. The ownership forms include wholesale and distribution chains and independent wholesalers that are distributed through supermarkets and hypermarkets, convenience stores, department stores, specialty stores, online and other distribution channels. The global retail market is segmented – 1) By Type: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores 2) By Ownership: Retail Chain, Independent Retailer 3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels Subsegments Covered: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers, Specialty Food Stores, Beer, Wine And Liquor Stores, Diesel - Retail, Gases, Gasoline - Retail, Other Gasoline Stations Hair Care Stores, Skin Care Stores, Cosmetics Stores, Clothing/Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores, Hardware Suppliers And Security Stores, Consumer Electronics Stores, Furniture Stores, Home Furnishings Stores, Supermarkets, Hypermarkets, Convenience Stores, Mom And Pop Stores, Department Stores, Other General Merchandise Stores, E-Commerce, Vending Machine Operators, Direct Selling Establishments, Building Material and Supplies Dealers, Lawn and Garden Equipment and Supplies Stores, Pharmacies and Drug Stores, Other Health and Personal Care Stores, Sporting Goods Stores, Hobby, Toy, and Game Stores, Musical Instrument and Supplies Stores, Other Sporting Goods, Hobby, Musical Instrument, and Book Stores The global retail market size will grow from $26,178.76 billion in 2022 to $28,344.51 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of retail market is expected to grow to $37,665.83 billion in 2027 at a CAGR of 7.4%. Many retailers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. Major companies in the market include Walmart Inc., Sinopec Limited, Amazon.com Inc., PetroChina Company Limited, CVS Health Corporation, Costco Wholesale Corp, The Kroger Co, McKesson Corporation, Walgreens Boots Alliance Inc., and JD.com Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the retail market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms, including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province, of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity, with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the retail market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The retail and e-commerce markets are increasingly investing in drones to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV) that is remotely controlled or flies autonomously using software-controlled flight plans in its systems. Using a drone for delivery allows retailers to cut costs and help provide customers with their products earlier than traditional delivery methods. For example, Amazon has been investing in its Prime Air deliveries via drones, which claim to complete the delivery within 30 minutes. Amazon has started delivery trials via drones in the UK but is still waiting for regulatory approval in the US. Asia-Pacific was the largest region in the retail market in 2022. North America was the second-largest region in the retail market share. The regions covered in the retail market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retail market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The retail market includes revenues earned by entities by providing retail services through supermarkets, convenience stores, specialty stores, department stores, and warehouses. The market value includes the value of related goods sold by the service provider or included within the service offering. The retail market also includes sales of food, hard or durable goods, soft goods and art goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The retail market research report is one of a series of new reports from The Business Research Company that provides retail market statistics, including retail industry global market size, regional shares, competitors with a retail market share, detailed retail market segments, market trends and opportunities, and any further data you may need to thrive in the retail industry. This retail market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Retail-ready packaging refers to self-contained secondary packaging of a product in such a way that it is shipped to a retailer in a way that is best for effective stocking and selling, and it is commonly used for stocking and displaying at big box or club stores. Retail-ready packaging is used to improve the supply chain that generates sales at the point of purchase. The main types of retail ready packaging are die-cut display boxes, corrugated boxes, shrink-wrapped trays, folding cartons, and others. The die-cut display boxes are made by the die-cutting process, in which a thin flat sheet of different materials is given a specific shape and size using machines or steel cutting die plates. The various materials include paper and paperboard, and plastic, which are used in different applications such as food, beverages, cosmetics and personal care, pharmaceuticals, and others. The global retail ready packaging market is segmented - 1) By Product: Die Cut Display Boxes, Corrugated Boxes, Shrink Wrapped Trays, Folding Cartons, Other Products 2) By Material: Paper and Paperboard, Plastic 3) By Application: Food, Beverage, Cosmetics and Personal Care, Pharmaceuticals The global retail ready packaging market size grew from $76.44 billion in 2022 to $81.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global retail ready packaging is expected to grow to $105.13 billion in 2027 at a CAGR of 6.4%. The rapid expansion of the retail sector is contributing to the growth of the retail-ready packaging market going forward. The retail sector refers to businesses that sell goods through stores, on the internet, or to the public in small quantities. Retail-ready packaging is helpful for the retail sector by reducing labor expenditures, providing customers with a more efficient shopping experience, and encouraging impulsive purchases. For instance, according to the retailer’s association of India (RAI), the retail industry achieved 93% of pre-COVID sales in February 2021, and the sale of consumer durables has increased by 15%. Therefore, the rapid expansion of the retail sector is driving the growth of the retail-ready packaging market. Major players in the retail ready packaging market are Amcor plc, BillerudKorsnas AB, Caps Cases Ltd., DS Smith plc, Huhtamaki Oyj, i2i Europe Ltd., Mondi plc, Orora Group, SIG Combibloc Group Ltd., Smurfit Kappa Group plc, Weedon Group Ltd., WestRock Company, Clearwater Paper Corporation, Packaging Corporation of America, PaperWorks Industries Inc., STI Group, and Uflex Ltd. New product developments have emerged as a key trend gaining popularity in the retail-ready packaging market. Companies operating in the retail-ready packaging sector are developing innovative products to strengthen their position in the market. For instance, in April 2022, Amcor plc, an Australia-based packaging company, launched high-shield laminate packaging. This packaging solution is a new low-carbon, recyclable packaging option that satisfies the industry's high barrier and performance standards on two fronts. These new High Shield packaging options, which offer options in both paper-based and polyolefin-based materials, include more environmentally friendly pharmaceutical sachet, stick pack, and strip pack packaging. The inventive material structure supports pharmaceutical companies' efforts to differentiate themselves on the market by enabling recycle-readiness in accordance with regional demands. In March 2021, Wellspring Capital Management, a US-based private equity firm, acquired Rohrer Corporation for an undisclosed amount. Through this acquisition, both companies are expected to deliver innovative consumer packaging solutions and are also expected to support Rohrer in the continued growth of its business so it can provide industry-leading packaging solutions for its customers. Rohrer Corporation is a US-based retail packaging designer and manufacturer. North America was the largest region in the retail ready packaging market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail ready packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retail ready packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The retail ready packaging market consists of sales of boxes and trays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The retail ready packaging market research report is one of a series of new reports from The Business Research Company that provides retail ready packaging market statistics, including retail ready packaging industry global market size, regional shares, competitors with a retail ready packaging market share, detailed retail ready packaging market segments, market trends and opportunities, and any further data you may need to thrive in the retail ready packaging industry. This retail ready packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Retailers are independent organizations in the distribution channel for consumer goods that buy goods from wholesalers or direct from producers, break bulk, store goods, display goods for sale either physically or online, sell to ultimate users and sometimes deliver. Wholesalers are independent organizations in the distribution channel for consumer goods that buy in bulk, store goods, break bulk and sell merchandise primarily to retailers, professional authorities or to other wholesalers rather than to consumers. The main types of retail and wholesale are retail and wholesale. Retail refers to the sale of items to the general public in relatively small amounts to be used or consumed rather than reselling them. The ownership forms include wholesale/distribution chains and independent wholesalers having premium, mid-range, and economy prices. The global retail and wholesale market is segmented – 1) By Type: Retail, Wholesale 2) By Ownership: Retail Chain/Wholesale Chain, Independent Retailer/Independent Wholesalers 3) By Price Range: Premium, Mid-Range, Economy 4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels Subsegments Covered: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores,, Non-Durable Goods Wholesalers, Wholesale Electronic Markets And Agents And Brokers, Durable Goods Wholesalers The global retail and wholesale market size will grow from $71,851.27 billion in 2022 to $77,227.77 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of retail and wholesale is expected to grow to $99,195.76 billion in 2027 at a CAGR of 6.5%. Many retailers and wholesalers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. Major companies in the retail and wholesale market include Walmart Inc., Sinopec Limited, Amazon.com Inc., PetroChina Company Limited, AmerisourceBergen Corp, CVS Health Corporation, Costco Wholesale Corp, McKesson Corporation, Walgreens Boots Alliance Inc., and The Kroger Co. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the retail and wholesale markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the retail and wholesale markets will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The retail and e-commerce markets are increasingly investing in drones to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV) that is remotely controlled or flies autonomously using software-controlled flight plans in its systems. Using a drone for delivery allows retailers to cut costs and help provide customers with their products earlier than traditional delivery methods. For example, Amazon has been investing in its Prime Air deliveries via drones, which claim to complete the delivery within 30 minutes. Amazon has started delivery trials via drones in the UK but is still waiting for regulatory approval in the US. Asia-Pacific was the largest region in the retail and wholesale market in 2022. North America was the second-largest region in the retail and wholesale market share. The regions covered in the retail and wholesale market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retail and wholesale market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The retail and wholesale markets consist of revenue earned by entities by retailing and wholesaling merchandise. Retailers sell merchandise to the general public for personal or household consumption, but some also serve business and institutional clients. Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. This includes merchant wholesalers that sell goods on their own account and agents and brokers that arrange sales and purchases for others generally for a commission or fee. Retailers and wholesalers take ownership of the goods and bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from producers to consumers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The retail and wholesale market research report is one of a series of new reports from The Business Research Company that provides retail and wholesale market statistics, including retail and wholesale industry, global retail and wholesale markets size, regional shares, competitors with a retail and wholesale market share, detailed retail and wholesale market segments, market trends and opportunities, and any further data you may need to thrive in the retail and wholesale industry. This retail and wholesale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.