The retail execution software market in North America is expected to grow from US$ 61.77 million in 2019 to US$ 86.58 million by 2027; it is estimated to grow at a CAGR of 6.1% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Retail and e-commerce platforms getting high preference is the major factor driving the North America retail execution software market. The retail and e-commerce industry provides a huge platform for shopping. It is increasing at an unprecedented rate across the North America. Retail and e-commerce platforms also help various businesses to reach their customers easily; hence, necessary exposure to business is achieved. According to the Census Bureau of the Department of Commerce, US retail e-commerce sales were US$ 160.3 billion for the first quarter of 2020, an increase of 2.4% from the fourth quarter of 2019. Growing retail and e-commerce industries in North America are thriving in the business for retail execution software. The retail execution software is used for planning, managing, and monitoring the in-store activities in the consumer packaged goods (CPG) industry—such as retail operations, field sales, trade promotion management, field service management, mobile forms automation, and employee engagement. This software facilitates to enhance the collaboration between CPG companies and retailers to increase profits and optimize in-store sales. This factor is scaling up the retail execution software market size year-on-year.
The ongoing COVID-19 pandemic is severely impacting North America. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The US is a prominent market for retail execution software, especially in the retail and e-commerce sectors. The huge increase in the number of confirmed cases and reported deaths in the country has affected these industries. The factory and business shutdowns across the US, Canada, and Mexico are impacting the adoption of the retail execution software market. The COVID-19 outbreak has had a severe impact on logistics operations, transportation, and trade activity. North America is a home to a large number of manufacturing and technology companies, and thus the impact of coronavirus outbreak is anticipated to be quite severe in the in 2021 as well. However, the sales of online grocery and food business have increased in the region. Consumers are spending on products that would help them get through the COVID-19 crisis, which includes online grocery pickup and retail execution. The impact of COVID-19 is short-term; it is likely to decrease in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America retail execution software market. The North America retail execution software market is expected to grow at a good CAGR during the forecast period.
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North America Retail Execution Software Market Segmentation
North America Retail Execution Software Market – By Enterprise Size
- SMEs
- Large Enterprises
North America Retail Execution Software Market – By Application
- Retail Operations
- Field Service Management
- Mobile Forms Automation
- Field Sales
- Trade Promotion Management
- Employee Engagement
- Others
North America Retail Execution Software Market, by Country
- US
- Canada
- Mexico
North America Retail Execution Software Market - Companies Mentioned
- EdgeCG (StayinFront, Inc.)
- Intelligence Retail
- POPProbe
- Spring Mobile Solutions, Inc.
- Trax Technology Solutions Pte Ltd.
- Valomnia
- WINIT
- XTEL (Kantar Group)
North America Retail Execution Software Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 61.77 Million |
| Market Size by 2027 | US$ 86.58 Million |
| CAGR (2020 - 2027) | 6.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Enterprise Size
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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- Aligning with Regulatory Trends

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