Category Management Software Market

Category Management Software Market Outlook for (2024 to 2034)

Anticipating significant growth, the category management software market is projected to attain a valuation of USD 1.8 billion by 2024, sustaining a CAGR of 11.6% that is anticipated to endure until 2034. Projections further indicate that the category management software market is poised to achieve a valuation of USD 5.5 billion by 2034.

The burgeoning demand for efficient omnichannel retail operations is poised to fuel industry growth. While the retail sector remains largely unorganized, it continues to influence economies globally, with malls playing a pivotal role in achieving revenue targets. Heightened awareness of solutions facilitating optimal product placements in retail stores significantly contributes to industry development.

The adoption of category management software offers numerous advantages, providing retailers with comprehensive and customizable graphical reports. These solutions enable retailers to analyze customer preferences based on purchasing behavior, offering valuable insights and facilitating strategic decision-making. The allure of enhanced category insights and improved procurement processes attract industry players to embrace category management software for sustainable growth.

Key Market Trends and Highlights

• The category management software market is witnessing a surge in demand driven by the need for efficient omnichannel retail operations. Businesses increasingly adopt these solutions to streamline processes and enhance customer experiences across various channels.
• Despite the retail industry widespread presence, it remains unorganized mainly, presenting opportunities for category management software adoption. The market plays a pivotal role in economies worldwide, and the software aids in organizing and optimizing retail operations for sustained growth.
• Malls continue to be integral to revenue targets in the retail sector. Category management software contributes to the strategic placement of products within retail stores, optimizing the shopping experience and influencing purchasing decisions.

Attributes	Key Insights
Market Estimated Size in 2024	USD 1.8 billion
Projected Market Size in 2034	USD 5.5 billion
Value-based CAGR from 2024 to 2034	11.6%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

The global category management software market insights scope rose 9.7% CAGR between 2019 and 2023. The category management software market is anticipated to develop at a CAGR of 11.6% over the forecast period from 2024 to 2034.

Attributes	Details
Market Value in 2019	USD 1.8 billion
Market Value in 2023	USD 5.5 billion
CAGR from 2019 to 2023	9.7%

Anticipating continued momentum, the category management software market is poised for further development during the forecast period from 2024 to 2034. Projections indicate a heightened growth trajectory, with the market expected to advance at an accelerated CAGR of 11.6%.

The global insights underscore the market resilience and its integral role in shaping industries. The anticipated surge in CAGR reflects a sustained demand for category management software, emphasizing its increasing importance in optimizing business operations and strategies worldwide.

Category Management Software Market Drivers

• Many businesses are strategically expanding their geographic reach across numerous countries. This expansion benefits enterprises and nations by creating advantageous economic partnerships, promoting cross-border collaborations, and fostering mutual growth.
• The escalating volume of international trade necessitates an increased focus on enhancing international logistics and shipment tracking. Businesses recognize the pivotal role of streamlined logistics in ensuring the efficient movement of goods across borders, leading to a heightened demand for advanced logistics solutions.
• International trade acts as a catalyst for opening up new markets. Nations engaging in cross-border trade gain access to diverse markets, unlocking opportunities for businesses to expand their consumer base and explore untapped regions for growth.

Country-wise Insights

The table provides a comprehensive overview of CAGRs across five countries, led by the United States, China, Germany, Japan, and Australia.

Australia emerges as a dynamic and rapidly progressing market, positioned for substantial growth with a projected CAGR of 15.1% by 2034 in the category management software market. This robust CAGR underscores Australia vibrant landscape, showcasing its active engagement in and significant contributions to the evolution of diverse industries.

CAGRs from 2024 to 2034

The United States	9.4%
Japan	12.8%
Germany	11.1%
Australia	15.1%
China	12.1%

Steady Growth Dynamics of the Category Management Software Market in the United States

The category management software market in the United States exhibits a steady growth trajectory with a CAGR of 9.4% by 2034. This reflects a resilient market with consistent demand for advanced category management solutions.

Factors such as a mature business landscape and a proactive approach towards technology adoption contribute to the moderate yet sustained growth in the United States.

Rapid Advancement and Innovation in the Category Management Software Market in Japan

Japan leads with an impressive CAGR of 12.8%, indicating a robust and rapidly advancing category management software market. The Japan market is keen to embrace innovative solutions, with businesses leveraging technology to enhance operational efficiency. This higher growth rate suggests a dynamic market with a strong appetite for cutting-edge category management tools.

Convergence of Technology and Established Ecosystem in Germany

Germany category management software market is poised for substantial growth, boasting an 11.1% CAGR by 2034. The German market reflects a convergence of technological adoption and a well-established business ecosystem.

The double-digit growth rate signals a proactive approach to category management solutions, with businesses increasingly recognizing their strategic importance.

Dynamic Advancement in a Progressive Environment in Australia

Australia is a dynamic and rapidly advancing market, showcasing an impressive CAGR of 15.1% in the Category Management Software Market. This substantial growth rate underscores Australia active engagement in adopting and evolving category management solutions.

The country progressive business environment and enthusiasm for technological innovation contribute to its leading position in the market's growth.

Thriving Market in an Evolving Landscape in China

China, with a notable CAGR of 12.1%, signifies a thriving category management software market. The Chinese market's double-digit growth indicates a rapidly evolving business landscape, with a surge in demand for advanced solutions.

As businesses in China increasingly prioritize efficiency and optimization, the category management software sector plays a pivotal role in meeting these evolving needs.

Category-wise Insights

The table below highlights that assortment planning is projected to lead by solution with a share of 40% in 2024. The table further details that large enterprises account for 73.2% of all category management software deployment in 2024.

Category	Market Share in 2024
Assortment Planning	40%
Large Enterprise	73.2%

Dominance of Assortment Planning

In 2024, the category management software market is notably influenced by the supremacy of assortment planning, claiming a substantial market share of 40%. This underscores the pivotal role of assortment planning solutions in shaping the market landscape, reflecting a strategic emphasis on optimizing and tailoring product assortments to meet evolving consumer demands. The prominence of assortment planning within the market signifies its critical contribution to the overall efficiency and effectiveness of category management strategies.

Significant Presence of Large Enterprises

Large enterprises wield considerable influence in the category management software market, commanding a noteworthy market share of 73.2% in 2024. This highlights the substantial impact and strategic importance of large corporations within the category management sector.

The significant presence of large enterprises suggests their proactive adoption of advanced category management solutions, showcasing their commitment to optimizing business operations and gaining a competitive edge in the evolving market landscape.

Competitive landscape

Numerous prominent manufacturers in the category management software market are investing in innovation, research, and development endeavors, aiming to unlock expanded applications within the burgeoning category management software market.

These industry players prioritize integrating cutting-edge technology to ensure safety, uphold quality standards, and enhance customer satisfaction, attracting a growing customer base. Recent advancements in this dynamic landscape encompass

• In July 2022, JAGGAER introduced version 22.2 of the JAGGAER ONE suite, enhancing the entire source-to-pay spectrum. This upgrade aims to facilitate seamless transactions for buyers and suppliers, aligning with JAGGAER vision of Autonomous Commerce.
• In May 2021, Epicor strategically acquired KBMax, a leading Configure Price Quote (CPQ) and visualization software provider. This acquisition enabled the integration KBMax advanced CPQ tools with Epicor's ERP system.

Market Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 1.8 billion
Projected Market Valuation in 2034	USD 5.5 billion
CAGR Share from 2024 to 2034	11.6%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD billion
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East: Africa
Key Market Segments Covered	Component, Deployment, Organization Size, Application, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	Oracle Corp.; Aptos, LLC; Board International S.A.; Interactive Edge; 42 Technologies, Inc.; Epicor Software Corp.; Softvision; GEP; JAGGAER; DotActiv (Pty) Ltd.

Key Segments of Category Management Software Markey Survey

By Component:

• Solution
  • Assortment planning
  • Pricing & promotion
  • Inventory management
  • Analytics & reporting
  • Supplier collaboration
• Service
  • Managed service
  • Professional service

By Deployment:

• Cloud
• On-premise

By Organization Size:

• Large Enterprises
• SMEs

By Application:

• Retail
• Distribution
• Consumer Packaged Goods

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East & Africa

Frequently Asked Questions

What is the expected value of the Category Management Software Market in 2024?

By 2024, the category management software landscape is anticipated to be valued at USD 1.8 billion.

What is the projected forecast CAGR for the Category Management Software Market from 2024 to 2034?

The category management software market is expected to flourish at a CAGR of 11.6% from 2024 to 2034.

At what value the Category Management Software Market is expected to conclude in 2034?

By 2034, the category management software market will generate USD 5.5 billion in value terms.

Based on Solution Type, which segment dominates the Category Management Software Market?

The assortment planning is expected to account for a market share of 40% in 2024.

Which country dominates the Category Management Software Market?

With a CAGR of 15.1%, Australia is expected to dominate the market for category management software.