Returns management software is a technology that enables retailers, online sellers, manufacturers, and third-party logistics (3PL) organizations handle the return process. This includes engaging with clients via portals or self-service platforms to manage shipping options, tracking, inventory, refunds and credits, replacements, and printing prepaid shipping labels, among other things. Some returns management software allows businesses to customize return portals with specific branding or interact with a retailer's website directly.
MARKET DYNAMICS
The rising trend of online shopping across the globe by the millennial population is increasing the demand for efficient return policies and easy processes for the same. These factors are influencing the rise in adoption of returns management software by e-commerce and retailers to offer a seamless return policy to their customers, thereby increasing customer experience.
MARKET SCOPE
The "Global Returns Management Software Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The returns management software market report aims to provide an overview of the returns management software market with detailed market segmentation by component, deployment, enterprise size, and geography. The global returns management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading returns management software market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global returns management software market is segmented based on component, deployment, enterprise size. Based on the component, the returns management software market is segmented into software and services. Based on deployment, the returns management software market is segmented into cloud and on-premise. Based on the enterprise size, the returns management software market is segmented into SMEs and large enterprises.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global returns management software market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The returns management software market by each region is later sub-segmented by respective countries and segments. The returns management software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the returns management software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the returns management software market in these regions.
IMPACT OF COVID-19 ON RETURNS MANAGEMENT SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the returns management software market. Many companies now operate their businesses on online platforms due to the lockdown conditions. Therefore, the demand for returns management software is increasing during COVID-19 and is also set to increase during the forecast period to ensure more safety and proper record for future reference.
MARKET PLAYERS
The reports cover key developments in the returns management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from returns management software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the returns management software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the returns management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cin7 Limited (Orderhive Inc.)
- Ordoro
- ReturnLogic
- Return Rabbit
- Affirm, Inc (Returnly Holdings, LLC)
- 12return
- PayPal Holdings, Inc. (Happy Returns)
- parcelLab Inc.
- AfterShip
- Shopify Inc. (Return Magic)