Apparel software market is an inventory management software that is designed to manage all the business functions of an apparel wholesale & distribution process. This software can perform multiple functions for maintaining different items based on their size, color, and style. This software helps to centralize the business functions such as billing, handling sales, inventory, and handling customer complaints & feedback.
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Rise in adoption of online shopping over offline shopping in urban and rural areas of various developing nations and increase in digitization across the globe drive the growth of the market. However, high cost of software and chances of mistakes in feeding data restraint the growth of the apparel software market. Furthermore, rise in use of internet of things (IoT) and artificial intelligence among the software is expected to provide growth opportunity for the market.
The impact of COVID-19 pandemic has led people in urban areas to adopt online shopping over offline, which is a major factor driving the growth of the market. In addition, the reason behind this is that online shopping provides a wide range of apparel products as compared to offline, which enhances the growth of the market. Furthermore, large enterprise as well as small & medium enterprise makes use of this software to keep the record of the products as well as maintain inventory, thereby driving the growth of the apparel software market.
Digitalization plays a key role in driving the growth of the apparel software market, as most apparel businesses have shifted to online mode and provide their products and services through their websites and mobile application. These applications help people to access their products easily and remotely, which enhance the growth of the market. People can also raise their issues regarding the product or services and can give feedback about the products, which help the companies to improve their services, which, in turn, drives the growth of the market.
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Key- Players : FastReact, GoFrugal, Lightspeed Retail, NetSuite, Orderhive, PatternSmith, Onsite, Heartland Retail, Prodsmart, AIMS360
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