What is Retail Space Planning Software Market Scope?
Retail space planning software is used by retail managers or merchandisers to display the right products at the correct location where consumers can find them easily. Rapidly increasing competition in the retail industry and increased focus to improve customer experience have led retailers to adopt product assortment strategies to attract more customers, brand awareness, and increase sales. The software uses planograms to display the physical structure of stores and help in the visual merchandising of stores. Integration of space planning software with other software like retail management software and in-store logistics systems helps to track products and maintain sufficient inventory levels on the shelf or display.
The Retail Space Planning Software market study is being classified by Type (Standalone and Integrated), by Application (Macrospace, Microspace and Intelligent Virtual Store Design) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Retail Space Planning Software market throughout the predicted period.
Planorama (Trax Retail) (Singapore), Blue Yonder (United States), Quant Retail s.r.o. (Czech Republic), HIVERY (Australia), Symphony RetailAI (United States), Retail Smart (United Kingdom), SmartDraw, LLC (United States), Simbus Technologies (India), Dassault Systemes (France), MerchLogix (United States), Oracle Corporation (United States), Nielsen (United States) and One Door (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Retail Space Planning Software market by Type, Application and Region.
On the basis of geography, the market of Retail Space Planning Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In June 2021, MerchLogix, a leading provider of space planning and merchandise operations software introduced a new Planogram to extend its space planning solution. The new solution is based on cloud technology and empowers a collaborative approach to space planning, connecting stores, and merchants with role-based access to shared planograms.
Influencing Market Trend
- Growing Popularity of Fully Integrated Cloud-based Retail Space Planning Software for Higher Reliability
- Surging Demand for Retail Space Planning Software for Optimization of Retail Space and Product Assortment
- Increasing Use of Space Planning Software to Track and Improve Sales
- Growing Adoption of New Technologies by New Generation of Retail Employees to Improve and Offer Unprecedented Customer Experience
- High Cost or Subscription and Upgradation of Software
- Consumersí Inclination towards the Online Shopping Due to Optimal Pricing, Convenience, and Wide Range of Products
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Retail Space Planning Software Providers, Suppliers & Distributors of Smart Store Hardware, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Retail Space Planning Software market expands?
The Global Retail Space Planning Software market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Retail Space Planning Software market?
The prominent players of Global Retail Space Planning Software market are Planorama (Trax Retail) (Singapore), Blue Yonder (United States), Quant Retail s.r.o. (Czech Republic), HIVERY (Australia), Symphony RetailAI (United States), Retail Smart (United Kingdom), SmartDraw, LLC (United States), Simbus Technologies (India), Dassault Systemes (France), MerchLogix (United States), Oracle Corporation (United States), Nielsen (United States) and One Door (United States), to name a few.
3. What are the top priorities to focus for Retail Space Planning Software marketís growth?
In this highly competitive & fast evolving Retail Space Planning Software industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.