On-shelf Availability Solution Industry Analysis in Korea

Analytical Study of On-shelf Availability Solution in Korea from 2024 to 2034

The utilization of on-shelf availability solution in Korea is estimated to display a promising CAGR of 8.3% through 2034. The sales of on-shelf availability solution in Korea are expected to jump from USD 179.8 million in 2024 to USD 397.6 million by 2034.

In recent years, digital innovations in eCommerce have transformed the face of the retail sector as well as customer expectations. To match the present expectation of an optimum shopping experience, retailers are adopting technological solutions like on-shelf availability (OSA) solutions to digitize their physical stores. Several players are presenting on-shelf availability solution integrated with artificial intelligence (AI) and image recognition (IR) to maximize store efficiency.

OSA solutions are increasingly being deployed by leading retailers in Korea. The chief reason behind OSA usage is to boost sales by diagnosing and fixing shelf and supply issues. By preventing out-of-stock incidents, retailers can sustain their customers and long-term sales.

Key providers of on-shelf availability solution in Korea are driven by the surging execution of new digital infrastructure like 5G networks. Cases of supply chain disruptions are also boosting the application of OSA solutions and software. These solutions empower end-users with automatic inventory monitoring by deploying technologies like cameras, sensors, and RFID. End-users also employ precise data to allow them to switch suppliers if supply chain disruptions are predicted.

Increasing investments in AI research and development are also expected to result in the advancement of OSA solutions. Forecasting future dynamics, retailer businesses are starting to prepare their employees for AI adoption.

Attributes	Details
Industry size of On-shelf Availability Solution in Korea in 2024	USD 179.8 million
Expected Industry Size of On-shelf Availability Solution in Korea by 2034	USD 397.6 million
Forecast CAGR between 2024 to 2034	8.3%

Deployment Analysis of On-shelf Availability Solution in Korea

• Use of RFID technology and Internet of Things (IoT)-based sensors drives advancement in on-shelf availability solution.
• The surging distribution of these solutions in the retail sector aims to maximize profits by identifying out-of-stock situations and improving inventory upkeep. Commonly, they are used by community-based hypermarkets and high-traffic retail stores.
• Retailers in Korea are awakening to the importance of employing progressive technologies. Till now, machine learning (ML), artificial intelligence (AI), and virtual and augmented reality (VR/AR) have proved to be resourceful. Their use in these solutions spans demand forecasting, inventory planning, customer relationship management, logistics, etc.
• The increasing supply of consumer goods and a robust retail sector in Korea is projected to dictate demand for advanced on-shelf availability solution.

Category-wise Insights

Software Segment to Take the Lead

Leading Component	Software
Value Share % (2024)	55.60%

The software segment, as per estimations by our analysts, is anticipated to account for a value share of 55.60% in 2024. A key factor advancing the growth of this segment is the ongoing development of connective technology, which is based on on-shelf availability solution.

The increasing use of OSA software by store owners to implement corrective strategies is inducing the segment’s growth. Apart from this, the software helps predict upcoming inventory conditions like new product execution, distribution voids, and store compliance.

Potential Risk Analysis Holding a Prominent Percentage in the Application Category

Leading Application	Potential Risk Analysis
Value Share % (2024)	32.20%

The potential risk analysis segment is projected to account for a share of 32.20% in 2024. OSA solutions are significantly employed by retailers to mitigate potential risks that may impact sales and profitability. The requirement for potential risk analysis is increasing to avoid situations like missed sales, out-of-stock products, and customer dissatisfaction.

Potential risk analysis is crucial during promotional periods. By using OSA solutions, retailers can make the most of sales opportunities by proactively replenishing stocked-out items. Furthermore, OSA data can help assess the performance of new product launches or identify any availability issues. Accordingly, brands can modify their marketing or promotion plans. Overall, by employing OSA solutions, end-users are elevating their operational efficiency, customer satisfaction, and boosting sales.

Players Reaching for Higher Sales of On-shelf Availability Solution in Korea

Key players are focusing on research and development to lead in product innovations. Companies are expanding their portfolios to include OSA solutions like data analytics, real-time inventory tracking, predictive remodeling, etc. Additionally, they can be seen partnering with other players to develop advanced versions of on-shelf availability solution. Competitors are also using their resources to upgrade their existing solutions to align well with today's challenging demands. Apart from this, players are focusing on acquisitions, mergers, and expansion strategies to drive growth.

Profiles of Leading Players of On-shelf Availability Solution in Korea

Company Name	Company Particulars
Panasonic Corporation	Panasonic provides an extensive range of technology solutions. The on-shelf availability solution offered by the company are empowered by technologies like AI, RFID, and IR, to deliver real-time insights about product availability. These solutions help with category management and diminished revenue losses.
IBM Corporation	IBM Corporation is leading provider of various technological solutions, such as on-shelf availability solution. These solutions are integrated with various latest technologies like RFID, artificial intelligence, and image recognition. In the past, company partnered with SAP to co-create solutions for consumer and retail packaged goods. The company is also investing in the development of retail transformation tools.
Impinj, Inc	The company provides on-shelf availability solution that utilize RFID tags to locate the products and present real-time data on product availability. The wide-area RFID system completely automates inventory process by eliminating the requirement for hand-held readers. Retailers are planning to deploy OSA solutions across Korea.
Retail Solutions, Inc.	The company provides on-shelf availability solution that combine image recognition, RFID, and sensor technology to offer real-time data on product availability. These solutions are utilized by various retailers across Korea, including supermarkets, convenience stores, and department stores. These solutions help manage retail sales across product portfolio by maximizing on-shelf availability and increasing sales.
Mindtree Ltd.	The company offers digital transformation and technological services. The company provides OSA solutions, that help recapture money lost in sales and improve shopper satisfaction and retention.

Key Players Providing On-shelf Availability Solution in Korea

• IBM Corporation
• Panasonic Corporation
• Impinj, Inc.
• Verix
• Mindtree Ltd.
• eBest IOT
• Retail Solutions, Inc.
• Frontier Field Marketing
• Lokad
• Others

Scope of Korea On-shelf Availability Solution Industry Report

Attribute	Details
Estimated Industry Size of On-shelf Availability Solution in Korea in 2024	USD 179.8 million
Projected Industry Size by 2034	USD 397.6 million
Anticipated CAGR between 2024 to 2034	8.3% CAGR
Historical Analysis of Demand for On-shelf Availability Solution in Korea	2019 to 2023
Demand Forecast for On-shelf Availability Solution in Korea	2024 to 2034
By Component	Software, Service
By Application	Historical Data Analysis, Response Time Analysis, Vendor Pattern Analysis, Potential Risk Analysis
By Deployment Type	On-premises, SaaS
By End User	CPG Manufacturers, Retailers, Online Retailers, Suppliers, Warehouses
Report Coverage	Industry Size, Industry Trends, Analysis of Key Factors Influencing On-shelf Availability Solution Deployment in Korea, Insights on Korea Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled for On-shelf Availability Solution in Korea	IBM Corporation; Panasonic Corporation; Impinj, Inc.; Verix; Mindtree Ltd.; eBest IOT; Retail Solutions, Inc.; Frontier Field Marketing; Lokad; Others

Segments Covered in Korea On-shelf Availability Solution Industry Analysis

By Component:

• Software
• Service

By Application:

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

By Deployment Type:

• On-premises
• SaaS

By End User:

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

By Province:

• South Gyeongsang
• North Jeolla
• South Jeolla
• Jeju

Frequently Asked Questions

At What Rate is the Adoption of On-shelf Availability Solution in Korea Growing?

The anticipated CAGR through 2034 is 8.3%.

How Big will the On-shelf Availability Solution Industry be in Korea?

Demand for on-shelf availability solution in Korea is expected to be USD 397.6 million by 2034.

What is the Key Strategy that Providers in Korea Adopting?

Research and development is expected to be a default strategy for players.

Which Component is Highly Deployed?

Software component is a highly deployed on-shelf availability solution.

Which Application Takes Up Significant Share?

Potential risk analysis is a significant application segment for on-shelf availability solution.