Indian Omni-channel and warehouse management systems market is expected to expand at a significant rate over the forecast period owing to surge in online sales, digitalization, and easement of Foreign Direct Investment (FDI) policies in India. Moreover, increasing customer preference for online and other multiple channels and retailer push are also prevailing the growth of the Indian Omni-channel solutions market. Retailers in India have come across various advantages and benefits of Omni-channel capabilities; thereby, have reduced customer acquisition cost, improved order accuracy, and enhanced customer satisfaction.
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However, the Indian warehouse management market is fueled by factors such as Goods and Service Tax (GST) and Make in India Initiative. In order to gain a competitive edge over another competitor, flexibility, improve just-in-time delivery, increase optimization, and reduced operational expenses, retailers are significantly adopting warehouse management systems. The Indian warehouse management systems market is less mature to that of many other regions. While other regions across the globe are now replacing their initial warehouse management systems investments, India has yet to mature in adopting the warehouse management systems and related value-added services. The awareness, acceptance, and quick Return on Investment (ROI) are responsible for much of the recent growth in the country. Surging e-commerce industry is expected to boost the growth of the market in near future.
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Further, Indian omnichannel and warehouse management systems market has been contributed by many market players operating within the country. Some of the key market players include IBM Corp., SAP SE, Oracle Corp., Shopify Inc., JDA Software Group, Inc., and many others. These players adopt various strategies in order to remain competitive in the market. Some of the strategies adopted by market players include mergers and acquisitions, product offering expansion, geographical expansion, and partnerships and collaborations. For instances, in February 2019, IBM Corp. designed its Watson platform to be portable across any cloud. This empowered enterprise to prevent vendor lock-in and start deploying AI wherever their data is stored.
Indian Omni-Channel and Warehouse Management Systems Market Segmentation
- Omni-Channel Solutions
- Warehouse Management Solutions
- Food & Beverages
- Consumer Goods and Electronics
- Others (BFSI)
- Anchanto Pte Ltd.
- Brightpearl, Inc.
- Edgewise Technologies Pvt. Ltd.
- ETP Group Pte Ltd.
- HighJump Software Inc.
- IBM Corp.
- ITOrizon Inc.
- JDA Software Group, Inc.
- Oracle Corp.
- SAP SE
- Shopify Inc.
- Technoforte Software Pvt. Ltd.
- Veeqo Ltd.
- Zoho Corp. Pvt. Ltd.
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