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The omnichannel retail commerce platform market has witnessed rapid expansion, growing from $5.72 billion in 2023 to $6.57 billion in 2024, marking a CAGR of 14.5%. This surge is fueled by consumer convenience, mobile commerce rise, real-time inventory needs, click-and-collect services growth, and enhanced customer experiences. Looking forward, rapid growth is anticipated, projected to hit $11.24 billion by 2028, with a CAGR of 14.4%, driven by omnichannel fulfillment expansion, voice commerce growth, sustainability focus, contactless payments, and personalization demands. Significant trends include in-store digital experiences, marketing automation, localization, progressive web apps, and subscription commerce.

The exponential rise in e-commerce sales, driven by its convenience, accessibility, expansive product offerings, time-saving attributes, and efficiency, is set to fuel the omnichannel retail commerce platform market. These platforms integrate e-commerce to deliver seamless shopping experiences across channels, empowering retailers with essential infrastructure to engage customers, boost sales, and provide satisfactory services. Notably, total e-commerce sales reached $1,118.7 billion in 2023, marking a 7.6% increase from 2022, underpinning the growth of the omnichannel retail commerce platform market.

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What Are The Key Trends That Influence Omnichannel Retail Commerce Platform Market Share Analysis?

Major players in the omnichannel retail commerce platform market are concentrating on developing advanced platforms like Tira, an omnichannel beauty retail platform, to enhance their market position against other multi-brand beauty retailers. These platforms integrate various channels, devices, and platforms seamlessly, offering customers a unified shopping experience in the beauty industry. For instance, in April 2023, Reliance Retail launched Tira, an omnichannel beauty retail platform featuring a curated selection of global and domestic beauty brands. The platform is user-friendly with a clutter-free interface showcasing shoppable videos, blogs, tutorials, trend-setting tips, personalized recommendations, and a virtual try-on feature for cosmetics.

Which Market Players Are Driving Growth In The Omnichannel Retail Commerce Platform Market?

Major companies operating in the market areGoogle LLC, Microsoft Corporation, HCL Technologies Limited, Amazon Web Services Inc., Intel Corporation, International Business Machines Corporation, Oracle Corporation, Fujitsu Limited, SAP SE, NVIDIA Corporation, Salesforce Inc., Toshiba Corporation, Infosys Limited, Baidu Inc., Block Inc., NCR Corporation, Shopify Inc., GoDaddy Inc., Diebold Nixdorf AG, Sensient Technologies, Wix.com Ltd., Lightspeed POS Inc., BigCommerce Pty. Ltd., ViSenze, LemonStand Corp.

How Is The Global Omnichannel Retail Commerce Platform Market Segmented?

The omnichannel retail commerce platform market covered in this report is segmented –

1) By Solution: E-commerce, Order Management, Pos(Point Of Sale), Customer Relationship Management (CRM), Warehouse Management, Retail Order Broker Cloud Service, Other Solutions
2) By Deployment: Software As A Service (SaaS), On- premises
3) By Organization: Small And Medium Sized Enterprises (SMEs), Large Enterprises
4) By End User: Consumer Electronics, Apparel And Footwear, Fast-Moving Consumer Goods (FMCG), Other End Users

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The Omnichannel Retail Commerce Platform Global Market Report 2024 provides an overview of the omnichannel retail commerce platform market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The omnichannel retail commerce platform market forecast analyzes omnichannel retail commerce platform market size, omnichannel retail commerce platform market share, leading competitor and their market positions.

The Table Of Content For The Omnichannel Retail Commerce Platform Market Include

1. Omnichannel Retail Commerce Platform Market Executive Summary
2. Omnichannel Retail Commerce Platform Market Segments
3. Omnichannel Retail Commerce Platform Market Size And Template Market Growth Rate
4.  Key Omnichannel Retail Commerce Platform Market Trends
5. Major Omnichannel Retail Commerce Platform Market Drivers
……
25. Key Mergers And Acquisitions In The Omnichannel Retail Commerce Platform Market
26. Top Omnichannel Retail Commerce Platform Companies
27. Omnichannel Retail Commerce Platform Market Opportunities And Strategies
28. Omnichannel Retail Commerce Platform Market, Conclusions And Recommendations
29. Appendix

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