According to a new report, published by KBV research, The Global Category Management Software Market size is expected to reach $2.9 billion by 2028, rising at a market growth of 10.9% CAGR during the forecast period.
The Services segment has shown the growth rate of 12.9% during (2022 - 2028). These can be taken either in a group or as a standalone service. Most category management software developers also provide an only service segment for those looking to adjust just a few things in their business. These developers can also suggest the best solution that could be employed in the service.
The Retail segment acquired maximum revenue share in the Global Category Management Software Market by Application in 2021 thereby, achieving a market value of $2.2 billion by 2028. The structural transition from brick-and-mortar stores to the mixed digital and physical environment that merchants currently embrace is responsible for the growth. The ability of the category management software to predict demand and coordinate assortments is a key factor in the widespread use of the system by contemporary merchants.
The On premise segment is showcasing CAGR of 9% during (2022 - 2028). The need for on-premise category management software is being driven by the idea of upholding higher privacy standards than competitors. The functionality and adaptability of the on-premise software enable segment growth. Additionally, organizations that value data and software control favor on-premise deployment over cloud deployment.
The Large Enterprises segment is leading the Global Category Management Software Market by Enterprise Size in 2021 thereby, achieving a market value of $2.0 billion by 2028. The administration of a huge client base's substantial data flow is necessary for a large organization. Additionally, the market development as a result of the transition from conventional business model strategy to tech-enabled models is greatly aided by the strong financial capability of these firms.
The Europe market dominated the Global Category Management Software Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.0 billion by 2028.The North America market is exhibiting a CAGR of 10.4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 11.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/category-management-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
