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
Market Size Value in US$ 12.23 Billion in 2018 Market Size Value by US$ 42.49 Billion by 2027 Growth rate CAGR of 8.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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On-Shelf Availability Solutions Market: Strategic Insights
| Market Size Value in | US$ 12.23 Billion in 2018 |
| Market Size Value by | US$ 42.49 Billion by 2027 |
| Growth rate | CAGR of 8.4% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Deployment ; End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
The global on-shelf availability solutions market is expected to reach US$ 8.86 billion by 2031.
The key players holding majority shares in the global on-shelf availability solutions market are Atlas Technology Group, BeMyEye Holdings Ltd., IBM Corporation, Retail Solutions, Inc., SAP SE, Tech Mahindra Limited, Retail Velocity, Panasonic Corporation, NEOGRID, and Enterra Solutions LLC.
Increasing demand for on-shelf availability solutions in the retail industry are the major factors that propel the global on-shelf availability solutions market.
The global on-shelf availability solutions market was estimated to be US$ 4.01 billion in 2023 and is expected to grow at a CAGR of 10.4% during the forecast period 2023 - 2031.
The growing e-commerce industry is anticipated to play a significant role in the global on-shelf availability solutions market in the coming years.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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