The Latin America, Middle East and Africa Multichannel Order Management Market would witness market growth of 15.6% CAGR during the forecast period (2021-2027).
Order management refers to the arrangement and management of all kinds of business processes associated with orders created from sources or channels. Multichannel order management streamlines the process by keeping up all the order data in one place, hence removing the requirement to login into various platforms to satisfy required orders. Business-to-Business (B2B), as well as Business-to-Customer (B2C), uses multichannel order management automation solutions. It also simplifies billings & payments, inventory information management, vendors’ database, customer returns, customer database, and refunds, and order processing records.
In its initial phase, the order management systems were mostly utilized for conventional methods of customer interaction. These early order management systems provided some primary functions that were helpful for users to develop, change, and return orders. The next phase in the development of the multichannel order management market in this region was encouraged by the massive growth of digital commerce and the subsequent increment in the number of channels. Across the region, brokers and dealers utilize order management systems when filling orders for several kinds of securities and can monitor the progress of every order within the system. Due to these factors, the demand for multichannel order management solutions is increasing in the region and is likely to surge more in the forthcoming years.
The Brazil market dominated the LAMEA Manufacturing Multichannel Order Management Market by Country 2020, thereby, achieving a market value of $12.6 million by 2027. The Argentina market would witness a CAGR of 15.6% during (2021 - 2027). Additionally, The UAE market is exhibiting a CAGR of 14.8% during (2021 - 2027).
Based on Component, the market is segmented into Software (Without Services) and Services. Based on Deployment Type, 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 Vertical, the market is segmented into Retail, eCommerce, & Wholesale, Manufacturing, Healthcare & Life Sciences, Food & Beverages and Others. 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 Multichannel Order Management Market is Predict to reach $4.1 Billion by 2027, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Oracle Corporation, Salesforce.com, Inc., HCL Technologies Ltd. (HCL Enterprises), Zoho Corporation Pvt. Ltd., Square, Inc. (Stitch Labs, Inc.), Aptean, SalesWarp, Inc., and Etail Solutions LLC
By Component
By Deployment Type
By Enterprise Size
By Vertical
By Country
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