Cloud-based Solution for DSD: Introduction
- Cloud-based DSD solutions offer end-users the tool to enhance the ability to manage and monitor DSD operations and performance of route sales representatives. Cloud-based DSD solutions provide efficiency, flexibility, and augmented revenue to retailers.
- Adoption of cloud-based DSD solutions in the retail market changes the overall shape of the retail market. It provides retailers the ability to automate the whole process in a way that would increase accuracy, scaling, and efficiency of operations. It also reduces communication complexity, makes workflow easier, and increases contact center interaction.
- The global cloud-based solution for DSD market is anticipated to expand at a rapid pace during the forecast period, due to advancement in technologies across the globe.
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Global Cloud-based Solution for DSD Market: Dynamics
Global Cloud-based Solution for DSD Market: Key Drivers
- Increasing demand for simplification of workflow at physical retail stores and increasing sales volume and revenue is estimated to boost the cloud-based solution for DSD market during the forecast period.
- Growing need for better surveillance and monitoring at physical retail stores is estimated to boost the cloud-based solution for DSD market during the forecast period.
- Increasing need to manage accounting, invoicing, cash-flow, inventory, and taxes, is a major factor likely to propel the market in the next few years
- Rising need to generate more revenue, and improve end-user interaction and experience with the physical environment to accomplish various activities and enhance productivity is estimated to boost the cloud-based solution for DSD market during the forecast period
- A rise in rate of adoption of cloud computing technologies across various sectors is projected to boost the demand for cloud-based solution for DSD market
- Increasing demand to maintain inventory accuracy and supply chain optimization in the retail sector is projected to boost the demand for cloud-based solution for DSD market
- However, lack of awareness leading to low rate of adoption by small and medium size retailers is anticipated to hamper the cloud-based solution for DSD market during the forecast period
- Incompatibility issues with infrastructure and lack of skilled staff is also projected to hinder the market during the forecast period
Impact of COVID-19 on the Global Cloud-based Solution for DSD Market
- Increasing cases of COVID-19 across the globe is resulting in economic slowdown and millions of employees are working from home for the first time, during this pandemic. This is expected to change the conservative corporate culture. Hence, demand for digital or cloud-based solutions is increasing in each sector. This is expected to continue during the forecast period. As per PWC, cloud spending rose by 37% to US$ 29.0 Bn during the first half of 2022. Hence, COVID-19 has a positive impact on the cloud-based solution for DSD market. This is projected to indirectly propel the global cloud-based solution for DSD market in the next few years.
North America to Hold Major Share of the Global Cloud-based Solution for DSD Market
- In terms of region, the global cloud-based solution for DSD market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America dominated the global cloud-based solution for DSD market with the largest share mainly because of developed economies, such as the United States and Canada. The U.S. is a key market in the region due to the early adoption of cloud-based solution for DSD. Many retailers have deployed cloud-based solution for DSD to optimize their supply chain operations and inventory in the region.
- The cloud-based solution for DSD market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to growing adoption of cloud based and digital solutions and services among retailers in the region.
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Global Cloud-based Solution for DSD Market: Competition Landscape
Several local, regional, and global players are active in the cloud-based solution for DSD market with a strong presence. Rapid technological advancements have created significant opportunities in the market. Players in the market are continuously focusing on developing technology advanced solutions for their customers.
Key Players Operating in the Global Cloud-based Solution for DSD Market Include:
- Encompass Technologies
- EQT (Acumatica)
- FwdMbl Solutions
- Harvest Food Solutions
- InTu Mobility
- Ivy Mobility
- HighJump Software
- Panasonic (Zetes)
- Proxym Group (Valomnia)
- SAP SE
- Synergia Soft
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