Technology
Distribution Software Market size is set to grow by USD 1.22 billion from 2024-2028, Value-based pricing strategies adopted by market vendors to boost the market growth, Technavio
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NEW YORK, June 14, 2024 /PRNewswire/ — The global distribution software market size is estimated to grow by USD 1.22 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 2.33% during the forecast period. Value-based pricing strategies adopted by market vendors is driving market growth, with a trend towards emergence of omnichannel retailing. However, costs associated with distribution software poses a challenge. Key market players include Acumatica Inc., ADS Solutions Corp., Agnitech, Archon Systems Inc., Blue Link Associates Ltd., Cloud 9 ERP Solutions, Cloud Pencils Pvt. Ltd., Constellation Software Inc., DATABASICS Inc., Distribution Management Co. Inc., ECOUNT Co. Ltd., Epicor Software Corp., Fishbowl, JCurve Solutions Ltd., Koch Industries Inc., Oracle Corp., Panasonic Holdings Corp., Sage Group Plc, SAP SE, SYSPRO Pty. Ltd., and Zoho Corp. Pvt. Ltd..
Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report
Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Deployment (Cloud-based and On-premises), End-user (SMEs and Large enterprises), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
Region Covered
North America, Europe, APAC, South America, and Middle East and Africa
Key companies profiled
Acumatica Inc., ADS Solutions Corp., Agnitech, Archon Systems Inc., Blue Link Associates Ltd., Cloud 9 ERP Solutions, Cloud Pencils Pvt. Ltd., Constellation Software Inc., DATABASICS Inc., Distribution Management Co. Inc., ECOUNT Co. Ltd., Epicor Software Corp., Fishbowl, JCurve Solutions Ltd., Koch Industries Inc., Oracle Corp., Panasonic Holdings Corp., Sage Group Plc, SAP SE, SYSPRO Pty. Ltd., and Zoho Corp. Pvt. Ltd.
Key Market Trends Fueling Growth
Distribution software plays a crucial role in omnichannel retailing by enhancing inventory visibility and accuracy. This leads to efficient inventory management, higher unit sales, increased margins, and optimized stock levels. By bridging the demand and supply gap and providing real-time inventory visibility, retailers can make informed decisions and improve the distribution process.
The implementation of distribution software results in reduced warehouses and distribution channels, leading to cost savings and better product allocation. Overall, the use of distribution software significantly benefits omnichannel retailers and contributes to market growth.
The distribution software market is experiencing significant growth, with key technologies such as cloud-based and base solutions gaining traction. Companies are focusing on automating their supply chain processes to increase efficiency and reduce costs.
The use of technology like AI and machine learning in distribution software is also on the rise, enabling predictive analytics and real-time inventory management. Tech-enabled distribution solutions are helping businesses streamline their operations and adapt to changing market conditions.
Additionally, the integration of payment gateways and e-commerce platforms is making it easier for businesses to reach a wider customer base. Overall, the distribution software market is an essential tool for businesses looking to optimize their supply chain and stay competitive in today’s market.
Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report
Market Challenges
Small businesses face significant costs when implementing and maintaining distribution software. Factors influencing the cost include the number of users, functionality modules, and required integration and accounting features. Subscription-based models range from USD45–USD50 per month per user, while one-time ownership costs are between USD2,000 and USD2,500. Installation costs cover planning, configuration, and training, with third-party consultants adding extra expenses.Maintenance costs account for approximately two-thirds of the total cost. These factors may hinder small businesses from adopting distribution software, potentially impacting the global market’s growth. On-premises software implementation involves licensing, design, implementation, training, and maintenance costs, necessitating a skilled IT team and continuous upgrades.The distribution software market faces several challenges in today’s business landscape. One significant challenge is the need for customization to meet unique business requirements. Decentralized and global supply chains add complexity to distribution processes. Technology integration and data synchronization across various systems are also major hurdles.Additionally, ensuring security and compliance with regulations such as GDPR and HIPAA is essential. Lastly, keeping up with the latest trends and technologies, like AI and machine learning, is crucial for staying competitive. Overcoming these challenges requires robust and adaptable distribution software solutions.
For more insights on driver and challenges – Download a Sample Report
Segment Overview
Deployment 1.1 Cloud-based1.2 On-premisesEnd-user 2.1 SMEs2.2 Large enterprisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 Cloud-based- The cloud-based distribution software market is projected to expand during the forecast period due to enterprises prioritizing cost reduction and enhancing business agility. Cloud-based solutions, such as Zoho, offer benefits like predictable expenses, no maintenance fees, and easy upgrades, making them increasingly popular. The Internet’s extensive use facilitates this trend, enabling scalable and cost-effective distribution management solutions.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report
Research Analysis
The Distribution Software Market in the IT sector is experiencing significant growth due to the increasing demand for automation in customer relationships, order processing, inventory management, accounting, purchasing, customer service, and supply chain management. This trend is particularly prominent in the software industry, where cloud-based solutions, SaaS offerings, and enterprise resource planning systems are becoming the norm.
Centralised platforms enable real-time demand forecasting, order fulfilment, inventory tracking, and warehouse management, enhancing overall efficiency. However, the market also faces challenges such as cyber-attacks and the need for robust security measures, including Blockchain technology, to ensure data integrity and protect sensitive information. The IT market continues to evolve, with distribution operations and logistics playing crucial roles in the success of educational institutions and businesses alike.
Market Research Overview
The Distribution Software Market encompasses solutions designed to manage and automate the process of delivering products or services from producers to consumers or businesses. These software solutions facilitate inventory management, order processing, logistics, and customer relationship management. They enable organizations to streamline their supply chain operations, reduce costs, and improve customer satisfaction.
Key features of distribution software include real-time visibility into inventory levels, automated order processing, and integrated transportation management. Additionally, cloud-based solutions offer scalability and flexibility, allowing businesses to easily adapt to changing market conditions. Overall, distribution software plays a crucial role in optimizing the flow of goods and services from manufacturers to end customers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
DeploymentCloud-basedOn-premisesEnd-userSMEsLarge EnterprisesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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MRO Starts 2025 Strong with Top CEO Award, Major Client Wins, and Record-Breaking Growth
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Latest successes underscore MRO’s legacy and leadership in clinical data exchange, setting the stage for another milestone year.
NORRISTOWN, Pa., Jan. 15, 2025 /PRNewswire/ — MRO Corp. (MRO), the leading clinical data exchange company in healthcare, is pleased to announce its CEO, Jason Brown, was named one of The Top 50 Healthcare Technology CEOs of 2024, following several years of client expansion and growth.
This year’s Top CEO list features individuals whose leadership has been a driving force behind some of the most significant advancements in healthcare. MRO’s Jason Brown is one of those CEOs who has inspired his team to push boundaries, fostering a culture of innovation and transformative breakthroughs. This year’s awardees were selected through a methodical nomination process and careful consideration of each candidate’s career track record and industry contributions.
Over the last three years since Jason became CEO of MRO, the organization has experienced remarkable organic growth and innovation.
“Technological innovation has been pivotal in driving our impressive results and our growth trajectory,” said Jason Brown. “MRO is undergoing a digital transformation, and as part of that transformation, we are enhancing every facet of our business to better serve our clients. This strategic utilization of technology combined with our world class services has enabled us to support our clients’ goals of exchanging secure, high quality, low latency clinical data at scale.”
MRO is also pleased to announce a record number of new client partnerships. These include one of the nation’s largest Catholic health systems and a provider-sponsored health plan, backed by a top five US research hospital, according to Statista’s World’s Best Hospitals 2024.
Just as the organization has for the last 23 years, MRO continues to support hospitals and health systems in protecting revenues and simplifying the exchange of information with patients and third-party requesters to reduce risk, increase compliance, and introduce new efficiencies. Additionally, MRO has expanded its solutions portfolio.
MRO successfully launched three new solutions in 2023 and 2024. These innovative solutions unlock new market opportunities for MRO while also deepening relationships with existing clients and further solidifying the organization’s position in the healthcare technology industry overall.
Today, MRO partners with 1,200 hospitals, 35,000 clinics, 78 Accountable Care Organizations and works with the top 50 payers in the US. These partnerships are vital as MRO continues to accelerate clinical data exchange between providers, payers and patients.
“We’re continuing to push boundaries in how clinical data is exchanged, setting the foundation for long-term partnerships that improve outcomes across healthcare,” said Matt Wildman, Chief Commercial Officer.
About MRO
MRO is accelerating the exchange of clinical data throughout the healthcare ecosystem on behalf of providers, payers, and users of clinical data. By utilizing industry-leading solutions and incorporating the latest technology, MRO facilitates the efficient management and exchange of clinical data for all stakeholders. With a 23-year legacy, MRO brings a technology-driven mindset built upon a client-first service foundation and a relentless focus on client excellence. For more information on how MRO is empowering healthcare organizations of every type and scale with proven, enterprise-wide clinical data solutions, visit www.mrocorp.com.
Press contact information:
Stephanie Kindlick
MRO
(610) 994-7500, ext. 1353
skindlick@mrocorp.com
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Technology
Happiest Minds collaborates with Coca-Cola Beverages Vietnam to deploy an innovative GenAI conversational interface
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In a consultative approach, Happiest Minds collaborated closely with the strategic team at Coca-Cola Beverages Vietnam during a discovery phase. This phase aimed to comprehensively understand the business requirements and explore how GenAI could effectively support them in achieving their goals.
Coca-Cola Beverages Vietnam presented two business cases necessitating technology transformation to enhance organizational productivity and operational efficiency.
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For more information, contact:
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About Microsoft
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For more information about EPAM’s partnership with Google Cloud and the new industry solutions, please visit: www.epam.com/services/partners/google-cloud.
Discover how our expanded partnership is driving digital transformation and how we can empower your business to achieve lasting success: www.epam.com.
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Forward-Looking Statements
This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company’s most recent Annual Report on Form 10-K and the factors discussed in the Company’s Quarterly Reports on Form 10-Q, particularly under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
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