On-Shelf Availability Solutions Market to Reach US$ 6019.7 Mn at a CAGR of 10.7% in 2027

On-Shelf Availability Solutions Market to 2027 - Global Analysis and Forecasts By Component (Solution and Services); Deployment (Cloud and On-premise); End User (CPG Manufacturers, Retailers, Suppliers, and Others)

Publication Month : Dec 2019

  • Report Code : TIPRE00007761
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 145
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The On-shelf availability solution market in global is expected to grow from US$ 2447.6 Mn in 2018 to US$ 6019.7 Mn by the year 2027. This represents a CAGR of 10.7% from the year 2019 to 2027.

Stock-outs are among the common issues faced by both retailers and consumers. The situation profoundly impacts the retail business through lowered sales as well as damage extending far beyond sales. It also results in disappointing customer experience, along with increasing the customer churn rate. A more adverse impact of the out-of-stock also includes the hampered brand sensitivity as well as brand value, which subsequently leads to the loss of the brand’s goodwill and revenues losses for retailers and marketers. Feeding inaccurate data about products, keeping track of products through a time-consuming process using a pen and paper, counting items in the supply chain through a manual time-consuming process, and failing to reorder out-of-stock items on time are among several common causes of stock-outs. To overcome these issues faced by the consumers and retailers, a modern inventory system is adopted for avoiding inconsistencies in integrating an electronic inventory system. The system also helps in keeping track of products; it also benefits the stores having multiple branches as they make the management of inventory easy from a single point. 

The retailers are continually investing and focusing on the adoption of hi-tech technologies to maintain inventory accuracy. For instance, the integration of the RFID technology in stores help store operators keep track and record of every product with the help of a chip embedded in an item’s packaging or tag. RFID systems permit the merchants to search and monitor for merchandise with the use of a handheld scanner, and make it easier and faster for the retailers to track down the exact location of each item. The robust focus of retailers on centralization of the process of integration of real-time data pertaining to the entire supply chain consequently enables them to enhance the profit margin through precise and accurate tracking of inventory movement.

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On-Shelf Availability Solutions Market: Strategic Insights

on-shelf-availability-solution-market
Market Size Value inUS$ 12.23 Billion in 2018
Market Size Value byUS$ 42.49 Billion by 2027
Growth rateCAGR of 8.4% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Lucrative Regions for On-Shelf Availability Solutions Market

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Market Insights

Increasing Number of CPG Manufacturer Worldwide

Consumer packaged goods (CPG) is among the rapidly growing industries that are adopting online marketing, which is retarding the growth of the physical retailers business. Many small and mid-sized CPG manufacturers are present globally, the business operation of these CPG manufacturers depends on the initial sales and base of their overall growth goals for the business growth and global distribution. The CPG manufacturers are driving the demand for on-shelf availability solutions for capturing insights from product innovation research, category research, and market simulation. The CPG industry is manufacturing physical products incorporated with smart technologies. The several CPG brands offer new value throughout the product lifecycle, with the help of real-time data and powering various applications that are transforming everything from supply chains to sales as well as from marketing to customer relationships. The CPG companies are using IoT for streamlining the manufacturing process as well as for delivering better customer experiences, associated with the products or by collaborating with other brands who offer IoT products. The CPG manufacturers, in collaboration with their trading partners looking for the “Perfect Shelf,” which provides the exact product a consumer wants, that too in the right store, in the right quantities, at the right time, and the correct value. There are various OSA suites available in the market that offer Retail Shelf Alerting to CPG manufacturers. The retail shelf alerting aids a single-portal visibility into stock availability, and features speed-to-value, proven accuracy and RoI, user-friendly interface, and data granularity and predictive alerts. Thus, the increasing number of CPG manufacturers, adopting on-shelf availability solutions, is boosting the market growth.

Deployment Market Insights

The on-shelf availability solutions market based on the deployment has been segmented into the cloud and on-premise. The on-premise on-shelf availability solutions are installed and runs on the organization’s premises. However, cloud-based solutions can be remotely accessed online and are installed on the online server. The on-premise deployment solution costs more and is generally adopted by companies that do not intend to share data with other organizations. However, cloud deployment is gaining popularity as it offers cost-efficient solutions with various benefits such as greater flexibility, on-demand scalability, and low cost of implementation. Several big market players are focusing on offering efficient cloud-based solutions to cater to the changing business requirements and attract more customers.

On-Shelf Availability Solutions Market, by deployment – 2018 and 2027

On-Shelf Availability Solutions Market, by deployment – 2018 and 2027
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Component Market Insight

In the present scenario, customers still choose to shop in-store, however low on-shelf availability, as well as a high number of out-of-stock situations, can profoundly impact their shopping experience. Traditional methods to manage on-shelf availability is now being replaced by modern technology, which monitors shelf space in real-time. The on-shelf availability solutions market by component is bifurcated into solution and services. Players in the market offer auditing services as well as customized solutions to the customers as per their requirements. The End Users of on-shelf availability solutions are rapidly deploying software and leveraging the benefits of the services offered by the players to maintain a record of product details, product stock, as well as to ensure on-shelf product visibility.

End User Market Insight

When a customer faces out-of-stock, they are more probable to purchase a substitute product that may not be from the same Consumer packaged goods (CPG) manufacturer. Further, the customer may buy a competitive product from a different retailer or waive the purchase altogether. Thus, depending on the product type and the customer’s brand loyalty, future sales can be permanently affected. Owing to poor data and tracking, out-of-stocks endure to run at 8% to 10% and soaring to more than 20% for promoted products. To eradicate such a scenario, players in the consumer goods supply chain are adopting on-shelf availability solutions. Based on end user, the market is segmented into CPG manufacturers, retailers, suppliers, and others.

Global On-Shelf Availability Solutions Segments:

On-Shelf Availability Solutions Market – By Deployment

  • On-Premise
  • Cloud

On-Shelf Availability Solutions Market – By Component

  • Solution
  • Services

On-Shelf Availability Solutions Market – By End User

  • CPG Manufacturers
  • Retailers
  • Suppliers
  • Others

On-Shelf Availability Solutions – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Companies

  • Atlas Technology Group
  • BeMyEye Holdings Ltd
  • IBM Corporation
  • Market6, Inc.
  • Retail Solutions, Inc.
  • Retail Velocity
  • SAP SE
  • Shelfie Pty Ltd
  • Tech Mahindra Limited
  • Verix, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component ; Deployment ; End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions


What are market opportunities for on-shelf availability solution market?

Both suppliers and retailers play a vital role in tracking and recording the data required for retail execution. The data required by both these stakeholders are observational data, sales data, and activity data (obtained from the store), along with the data regarding quantitative activities achieved by product brand representatives in the retail store. The rising number of consumer goods retailers, manufacturers, and suppliers globally, and their collaboration enhance the performance efficiency of the retail stores. Such co-operation increases profit margin for the businesses to provide significant long-term value for both suppliers and retailers and improve supplier-retailer relationships.
The cooperation of retailers and suppliers is leading toward the growing focus on commercial areas, which includes in-store programs as well as merchandising.

What are reasons behind Asia-Pacific on-shelf availability solution market growth?

The adoption of advanced and innovative technologies across the region is high. The deployment of on-shelf availability solutions has increased in Asian countries over the period owing to the investment as well as initiatives taken by the government for the development in the retail industry. Asia is referred as the growth engine of the global economy with countries such as China, India, Japan, and Singapore.

Which component segment generates the highest revenue?

Various on-shelf availability service providers are helping the enterprises to identify the product availability related issues throughout the supply chain. The services offered by these players include audits, which enable to address issues such as out-of-stock, general replenishment, stock system errors, planogram compliance, and missing shelf edge label. These providers arrange team store visits to provide product availability data.

Further, they also provide a comparison of the stock-keeping unit (SKU) and retailer performance, product availability analysis as compared to competitors, and the creation of an action plan to solve issues on a constant basis.

The List of Companies

  1. Atlas Technology Group
  2. BeMyEye Holdings Ltd
  3. IBM Corporation
  4. Market6, Inc.
  5. Retail Solutions, Inc
  6. Retail Velocity
  7. SAP SE
  8. Shelfie Pty Ltd
  9. Tech Mahindra Limited
  10. Verix, Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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