The On-Shelf availability solution eliminates problem of out of stock (OOS) satiation using advanced analytics and alerting to monitor demand from all level of user. On-shelf availability solutions integrates with internal and external sources and provides users with ability to solve basic problems in the system that results in OOS situations. On-Shelf Availability solution ensures availability of products on shelf ready for customer purchase. These solutions enable store staff to get real time access to on-shelf availability information, which ultimately increase customer satisfaction and store sales. On-shelf availability solutions provides reliable identification of out-of-shelf (OOS) situations, instant alerts, scalability for thousands of stores and cost efficiency. On-shelf availability solutions determines probability of a product being out-of-shelf by forecasting historic data and analysing actual sales from POS and product inflows from replenishment data.
Global On-shelf availability solution Market Segmentation
Global on-shelf availability solution market is segmented on the basis of service type, deployment model and end-user. On the basis of service type the global on-shelf availability solution market is segmented into – system integration service, consulting services, support & maintenance service. On-shelf availability solution are segmented into two ways by which it can be deployed – on-premise deployment and cloud based deployment. On-shelf availability solution provide assistance to complete value chain of the product. On the basis of end-use, on-shelf availability solution market can be segmented into – retailers, online retailers, warehouses, stores and complete value chain.
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Global On-shelf availability solution Market: Region-wise Outlook
The global On-shelf availability solution market is divided into seven geographical regions – North America, Latin America, Asia-Pacific, Japan, Eastern Europe, Western Europe and Middle East & Africa. The global On-shelf availability solution market is expected to reflect a double-digit CAGR over the forecast period. At present, North America is dominating the market followed by Western Europe. Among all the regions, APEJ is expected to create huge market opportunity for major players operating in the on-shelf availability solution market during the forecast period. Latin America and Middle East & Africa regions are reflecting comparatively slow growth during forecast period.
Global On-shelf availability solution Market: Drivers
The most important factor which is projected to drive on-shelf availability solution market is increasing need for ensuring on shelf availability of product before customer demands for it with advanced data analytics. On-shelf availability solutions have gain significant popularity because it reduces OOS situation, thus reduces loss of customer and sales. On-shelf availability solutions indirectly enable the user to deal with challenging economy, demanding customers through its multidimensional reporting analytics. Increasing number of collaborations between retails and suppliers will further help to boost on-shelf availability solution Market growth.
On other hand, data handling by third parties can create issues related to privacy of data.
Tremendous opportunities lies in developing inexpensive customized solutions using automated cloud based deployment.
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Global On-shelf availability solution Market: Key Players
On-shelf availability solution market is very niche market and characterised by active presence of few big players and several small players. IBM Corporation (US), Checkpoint Systems, Inc., Lokad, Retail Solutions Inc., IRI, Mindtree and GATE among others are some of major players in On-shelf availability solution market. These players are continuously focusing on innovative product development and merger & acquisition activity.
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Mr. Sudip Saha