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On-Shelf Availability Solutions Market

On-Shelf Availability Solutions Market by Component (Software, Service), Application (Historical Data Analysis, Response Time Analysis, Vendor Pattern Analysis, Potential Risk Analysis), Deployment (On-premises and SaaS), End User (CPG Manufactures, Retailers, Online Retailers, Warehouses) and Region for 2022 – 2028

On-Shelf Availability Solutions Market by Component (Software, Service), Application (Historical Data Analysis, Response Time Analysis, Vendor Pattern Analysis, Potential Risk Analysis), Deployment (On-premises and SaaS), End User (CPG Manufactures, Retailers, Online Retailers, Warehouses) and Region for 2022 – 2028

On-Shelf Availability Solutions Market - Analysis, Outlook, Growth, Trends, Forecasts

On-Shelf Availability Solutions Market Outlook – 2022-2028

[240 Pages Report]  Sales in the on-shelf availability solutions market are poised to total US$ 3.7 Bn in 2021. Growing adoption of the radio frequency identification (RFID) technology and the Internet of Things (IoT) based sensors for supply chain management is expected to drive the market at 8.4% CAGR between 2022 and 2028.

Attribute

Details

On-shelf Availability Solutions Market Estimated Size 2022

US$ 3.7 Bn 

On-shelf Availability Solutions Market Value-based CAGR (2022-2028)

~8.4%

Projected On-shelf Availability Solutions Market Size in 2028

US$ 6  Bn

The market has been projected to reach US$ 6.02 Bn in 2028. Increasing collaborations between retailers, suppliers, and technology enterprises will continue encouraging product developments in the market, thereby augmenting the growth of the market.

As per a Future Market Insights (FMI) study, the sales of on-shelf availability solutions represent 10% of the global retail automation market.

On-shelf Availability Solutions Market Outlook 2013-2021 in Comparison to 2022-2028 Growth Forecast

Demand for on-shelf availability solutions is expected to increase at 8.4% CAGR over the forecast period, in comparison to 8.9% CAGR registered between 2013 and 2021.

On-shelf availability solutions effectively reduce out-of-stock situations by identifying issues and resolving them to improve inventory management and the overall profit margins. These benefits are propelling their adoption in the retail sector, thereby boosting the market.

Increasing technological advancements in the retail sector, growing collaborations between retailers and supplies, and increasing focus on business asset management and automation are identified as chief factors fueling the growth of the market.

Retail stores such as supermarkets and convenience stores are actively adopting these solutions to improve profits and reduce lost sales opportunities. On-shelf availability is one of the criteria for measuring the loss of sales opportunities.

When shoppers see the desired product marked as out of stock, they often end up purchasing the same product from a competing retailer, resulting in a loss of profits. This is common in high-traffic retail stores and community-based hypermarkets. As the focus on asset management continues to grow, so will sales of on-shelf availability solutions, thereby fueling the growth of the market.

How Will Technological Advancements in the Retail Sector Impact On-shelf Availability Solutions Market?

Digital transformation in the retail sector is reshaping the way customers shop at physical stores and their online shopping experience. Sales through e-commerce have surged during in 2020 as restrictions were imposed to prevent the spread of COVID-19 and people were compelled to stay back at home during extended period of lockdown. This has encouraged manufacturers to optimize in-store and online presence.

Understanding how to predict and take advantage of consumer trends is vital for organizations to stay on top of their game. This factor is further augmenting technological intervention in the retail sector, which is expected to propel sales of on-shelf availability solutions in the forthcoming years.

Retailers are investing in technologies such as machine learning, virtual and augmented reality (VR/AR), and artificial intelligence (AI) to enhance customer experiences online and in-store. For instance, by using machine learning, manufacturers can forecast customer demand patterns more accurately which can help them in taking prompt decisions.

These innovations improve automated demand forecast, customer relationship management, inventory planning, logistics, manufacturing, and marketing. ML-based demand forecasting approaches are highly adaptable and can be implemented easily, which makes it easier for brands to follow customer demand trends.

ML-powered forecasting is emerging as a valuable contribution in the retail sector as it helps in preventing overstocking, reducing warehouse and logistics expenses, and supports sustainable consumption and production.

Country-wise Insights

Why is the U.S. On-shelf Availability Solutions Market Witnessing High Demand?

As per FMI, the U.S. is expected to continue dominating the North America market, emerging as a lucrative pocket. The U.S. is home to a vast retail sector, with international and regional brands having a strong foothold. Growing demand for supply chain management and solutions to avoid overstocking is expected to boost the on-shelf availability solutions market in the forthcoming years.

In addition to this, the presence of international CPG manufacturers such as Procter & Gamble (P&G), L’Oréal, 3M, and Danone is expected to bode well for the U.S. market. These industries supply consumer goods within North America and overseas, which necessitates advanced on-shelf availability solutions, thereby the augmenting growth of the market.

How Will the China On-shelf Availability Solutions Market Fare?

Increasing penetration of global supermarket chains and other hypermarkets in China is expected to fuel sales in the market over the forecast period. As per the study, China is expected to account for a lion’s share in the East Asia on-shelf availability solutions market.

Furthermore, the rapid adoption of technologically advanced software and services in the retail sector, such as machine learning-based demand forecast tools, virtual trial rooms, augmented reality (AR)  based in-store experience is expected to continue fueling the growth of the market in the forthcoming years.

Why is the India On-shelf Availability Market Considered Lucrative?

Increasing adoption of online retail channels and impressive ecommerce penetration in India is expected to place it as an attractive on-shelf availability solutions market. Demand in India gained traction after the initial stage of the COVID-19 outbreak as customers were keener on making purchase via online channels.

As a result, many small-scale manufacturers are adopting online retail channels to improve sales. In addition to this, the emergence of international retail brands in India is expected to bode well for the growth of the market over the assessment period.

Category-wise Insights

Why is the Demand for On-shelf Availability Software High?

Based on component type, demand in the software segment is projected to remain high over the forecast period. Growth in this segment can be attributed to the ongoing development of connective-technology based on-shelf availability solutions.

These software use in-store movement analysis and algorithm, along with store inventory positioning analytics to help store owners take corrective measures. Besides this, these software can predict upcoming inventory conditions such as distribution voids, new product execution, and store compliance. Owing to these factors, the demand is expected to remain high over the forecast period.

Which is the Dominant Application Type?

In terms of applications, sales in the response time analysis segment are forecast to gain traction over the assessment period. Response time analysis reporting enables retailers to analyze and view average response time during the store’s busiest hours.

It also helps in viewing and analyzing transaction distribution and corresponding response time, thereby helping retailers in achieving higher transactions per second. In addition to this, retailers can evaluate and determine the volume of transactions for a chain of stores across a particular period.

Which Deployment Type is Most Preferred?

As per the report, the SaaS segment is projected to expand at a remarkable pace during the forecast period. Growth is attributable to the easy availability and affordability of SaaS products for on-shelf availability and other retail automation solutions.

SaaS solutions are easy to deploy and offer various features such as voice commands, artificial intelligence (AI), response time assessment, and out-of-stock indications. Through this, retailers can maximize their inventory management potential and pre-empt out-of-stock scenarios more efficiently.

Who is the Leading End User of On-Shelf Availability Solutions?

Based on end users, adoption in the suppliers segment is expected to gain momentum over the assessment period. Increasing demand for inventory management, along with rapid adoption of automation technologies in the retail and CPG sectors will continue boosting sales in this segment.

Besides this, the ongoing expansion of the ecommerce sector, coupled with rising adoption of retail automation software in warehouses and other storage facilities is expected to augment the growth of the market in the forthcoming years.

Competition Landscape

Leading players operating in the global on-shelf availability solutions market are focusing on research and development to diversify their product portfolios. In addition to this, players are investing in mergers, acquisitions, collaborations and partnerships to gain a competitive edge in the market. For instance:

  • In October 2021, Symphony RetailAI, a specialist in AI-powered supply chain management solutions for FMCG retailers, acquires ReTech Labs, a global SaaS provider of real-time capture and recognition technology. Through ReTech’s solutions, retailers can manage on-shelf availability and eliminate stock-related issues efficiently and ensure compliance in execution of pricing and promotions.

Scope of Report

Attribute

Details

Forecast Period

2013-2021

Historical Data Available for

2022-2028

Market Analysis

Units for Volume and US$ Mn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.

Key Market Segments Covered

Component, Applications, Deployment, End User and Region

Key Companies Profiled

  • International Business Machines Corporation
  • Panasonic Corporation
  • SAP SE
  • Impinj, Inc.
  • Mindtree Ltd.
  • Retail Solutions Inc.
  • Retail Velocity
  • Market6, Inc.
  • Lokad
  • Verix
  • Frontier Field Marketing
  • NEOGRID
  • eBest IOT
  • Enterra Solutions LLC

Pricing

Available upon Request

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On-shelf Availability Solutions Market by Category

Component:

  • Software
  • Service

Application:

  • Historical Data Analysis
  • Response Time Analysis
  • Vendor Pattern Analysis
  • Potential Risk Analysis

Deployment Type:

  • On-premises
  • SaaS

End User:

  • CPG Manufacturers
  • Retailers
  • Online Retailers
  • Suppliers
  • Warehouses

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in the Report

What is the global on-shelf availability solutions market size?

The global on-shelf availability solutions market is expected to reach a valuation of US$ 3,709.2 Mn in 2022.
The global on-shelf availability solutions market grew at a robust 8.9% CAGR between 2017 and 2022.
Increasing demand for inventory management solutions, along with rapid adoption of automation technologies in the retail sector is expected to boost sales over the forecast period.
International Business Machines Corporation, Panasonic Corporation, SAP SE, Impinj, Inc., Mindtree Ltd., Retail Solutions Inc., Retail Velocity, Market6, Inc., Lokad, Verix, Frontier Field Marketing, NEOGRID, eBest IOT and Enterra Solutions LLC are some of the leading players operating in the global on-shelf availability solutions market.
North America is projected to account for a dominant share in the global on-shelf availability solutions market share during the forecast period.
The on-shelf availability solutions market in Europe is anticipated to expand at a remarkable pace over the assessment period.

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