The Latin America, Middle East and Africa Category Management Software Market would witness market growth of 14.5% CAGR during the forecast period (2022-2028).
In-store marketing reports for in-store deployment, days of supply data for flagging prospective out-of-stock and wastage concerns, and space versus sales reports for figuring out the right space distribution of goods, brands, and categories are further factors promoting acceptance of these services. These features are extremely beneficial to businesses with a supplier base spread across many industries, such as manufacturing, textile, mining, and construction. To accommodate consumer demand, there are more major retail outlets opening up, which is a significant driver of industry expansion.
Numerous product sections in large retail establishments contain thousands of Stock-Keeping Units (SKUs). A category management system is required to accurately plan and estimate the product stockpiles in order to boost efficiency and Return on Investment (RoI). In an effort to give customers a better shopping experience, many retailers are considering expanding their presence all over the world. Over the forecast period, it is anticipated that large retail stores' expansion efforts would lead to greater opportunities for the sector to flourish.
In the Latin America region, Brazil is a well-established country with huge trade links with the rest of the world. Many companies involved with this utilize category management software to streamline the movement of cash and goods in their businesses. The extensive use of planogram software is seen throughout the region in various industries and retail market chains. Latin American nations are already aware of outside trends.
The Brazil market dominated the LAMEA Category Management Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $53.6 million by 2028.The Argentina market is experiencing a CAGR of 15.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 14.2% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Assortment Planning, Planogram Software, Floor Planning Software and Others. Based on Application, the market is segmented into Retail, Distribution and Consumer Packaged Goods. Based on Deployment Mode, the market is segmented into Cloud and On premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Category Management Software Market is Predict to reach $2.9 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Epicor Software Corporation, Aptos, LLC, Board International S.A., Interactive Edge, 42 Technologies, Inc., Cognizant Technology Solutions Corporation, GEP Worldwide, Jagger LLC, and DotActiv (Pty) Ltd.
By Offering
By Application
By Deployment Mode
By Enterprise Size
By Country
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