On-Shelf Availability Solutions Market Size & CAGR (2023-2031)

The on-shelf availability solutions market size is projected to reach US$ 8.86 billion by 2031 from US$ 4.01 billion in 2023. The market is expected to register a CAGR of 10.4% in 2023–2031. The growing e-commerce industry is likely to remain a key on-shelf availability solutions market trend.

On-Shelf Availability Solutions Market Analysis

The growing number of retail stores worldwide is raising the demand for on-shelf availability solutions in the retail industry, which is one of the major factors fueling the growth of the market. In addition, the growing demand for omni-channel solutions and the rising focus on customer experience are driving the growth of the market. Furthermore, the growing integration of advanced technology such as AI, ML, computer vision, and others is creating an opportunity for the growth of the on-shelf availability solutions market in the coming years.

On-Shelf Availability Solutions Market Overview

On-shelf availability refers to the presence of a product on a store's shelves when a customer arrives to purchase it. On-shelf availability guarantees that customers may easily and hassle-free buy the product they desire. For the retailer, it ensures consumer happiness as well as greater revenue from product sales. On-shelf availability helps manufacturers too, as it guarantees sales of their goods and offers useful information for inventory control. As a result, in the retail sector, on-shelf availability is a crucial factor that must be effectively monitored and maintained.

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On-Shelf Availability Solutions Market: Strategic Insights

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On-Shelf Availability Solutions Market Drivers and Opportunities

Increasing Demand for On-Shelf Availability Solutions in the Retail Industry

The fundamentals of store operations continue to be a challenge for many retailers, frequently because they are unable to interpret the data they do have or do not have access to the necessary information to make improvements. To cater to this problem, retailers are adopting on-shelf availability solutions. This solution can help retailers to provide customer satisfaction and increase revenue through the sale of the product. In addition, it helps retailers to improve brand reputation and foster a more positive company culture. Thus, all the above factors are raising the demand for on-shelf availability solutions in the retail industry, driving the growth of the market.

Growing Technological Advancements

Manual shelf management requires high manpower costs, and it is mostly carried out at a defined frequency. To solve this problem, various market players are continuously working on integrating advanced technologies such as AI, computer vision, and others. Integrating the technologies can automatically help to detect OOS items, incorrect placements, and other issues by identifying, classifying, and inventorying shelf items using algorithms such as price tag recognition, product recognition, OOS detection, activity recognition, and optical character recognition (OCR). Thus, such technological advancements can create an opportunity for market growth in the forecasted period.

On-Shelf Availability Solutions Market Report Segmentation Analysis

Key segments that contributed to the derivation of the on-shelf availability solutions market analysis are component, deployment, and end user.

• Based on component, the market is bifurcated into solution and services. The solution segment held a larger market share in 2023.
• By deployment, the market is segmented into cloud and on-premise. The cloud segment held the largest share of the market in 2023.
• By end user, the market is segmented into CPG manufacturers, retailers, suppliers, and others. The CPG manufacturers segment held the largest share of the market in 2023.

On-Shelf Availability Solutions Market Share Analysis by Geography

The geographic scope of the on-shelf availability solutions market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

In terms of revenue, North America accounted for the largest on-shelf availability solutions market share. The market in this region is segmented into the US, Canada, and Mexico. The region is witnessing a tremendous rise in its E-commerce sector, which is one of the main factors fueling the growth of the market. In addition, the region consists of highly developed retail and supply chain sectors, which is further contributing to the rise in demand for on-shelf availability solutions in North America.

On-Shelf Availability Solutions Market Regional Insights

The regional trends and factors influencing the On-Shelf Availability Solutions Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses On-Shelf Availability Solutions Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

On-Shelf Availability Solutions Market Report Scope

On-Shelf Availability Solutions Market Players Density: Understanding Its Impact on Business Dynamics

The On-Shelf Availability Solutions Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the On-Shelf Availability Solutions Market are:

1. Atlas Technology Group
2. BeMyEye Holdings Ltd.
3. IBM Corporation
4. Retail Solutions
5. Inc.
6. SAP SE

Disclaimer: The companies listed above are not ranked in any particular order.

On-Shelf Availability Solutions Market News and Recent Developments

The On-Shelf Availability Solutions Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

• Retail Velocity, the pioneer and industry leader in consumer demand and supply data management, reporting, and analytics, announced the launch of the 10th generation of its VELOCITY platform and the introduction of VELOCITY Essential. This new VELOCITY Pro 10 delivers increased performance, easier data management, enhanced reporting, and additional security, allowing consumer goods manufacturers to gain deeper actionable insights faster than ever; make more-informed, collaborative decisions internally and with retailer partners; and quickly and effectively address changing consumer demand and market conditions. (Source: Retail Velocity, Press Release, 2022)
• Tredence Inc., a leading data science and AI engineering company announced a partnership with Databricks, the leader in unified analytics founded by the original creators of Apache Spark. Under this partnership, the companies jointly built the On-Shelf Availability Solution (OSA) accelerator that helps retailers and manufacturers solve out-of-stock by combining Databricks’ data processing capabilities and Tredence’s expertise in AI/ML. (Source: Tredence Inc, Press Release, 2021)

On-Shelf Availability Solutions Market Report Coverage and Deliverables

The “On-Shelf Availability Solutions Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles