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Allied Market Research

Small Business Manufacturing Software Market by Component (Solution and Service), Deployment Type (On-premise and Cloud), Enterprise Size (Small & Medium Enterprises and Large Enterprise), Industry Vertical (Manufacturing, Retail, Government, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11547
Pages: NA
Aug 2021 | 172 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Small Business Manufacturing Software Market Statistics: 2028

Small businesses are generally privately-owned cooperations run by the family or have very limited number of employees. Even though the business is small, there are several aspects, which need owners to run the business efficiently. In addition, the main features of the software include inventory management, accounting, managing vendors, and others. Manufacturing software platform is used by the owners to expand and grow their business as well as to monitor, track, trace, and communicate business and manufacturing activities throughout the supply chain process.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

 

  2020-2030

  Base Year Considered

 

  2020

  Forecast Period

 

  2021-2030

  Forecast Unit

 

  Value (USD)

  Segments Covered

Component, Deployment Type, Enterprise Size, Industry Vertical, and Region

 

  Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

QuickBooks Software, NetSuite Inc., Shoptech Industrial Corporation, Fishbowl Inventory, Odoo Software, IQMS Software Company, Unleashed Software, SAP SE, Oracle Corporation, AutoDesk Inc.

 

COVID-19 Impact Analysis

  • The emergence of COVID-19 has a great impact on various industries across the globe due to lockdown. In addition, various companies adopting work from home model in many regions across the world have witness 25% increase in the web traffic.
  • Moreover, extensive use of conferencing applications, such as Zoom, Skype, and Microsoft Teams, is benefitting from growing usage while other technologies, such as virtual private networks (VPNs), cyber security, and data security, are expected to witness a surge as most workforces are operating remotely.
  • It is witnessed that the U.S. and global tech small business manufacturing software market growth was slowing down to nearly 2% in 2020, due to which ICT spending in major economies such as the U.S. declined in the first half of 2020.
  • Other business sectors, such as education, healthcare, and automobile, need support from the IT industry. For instance, many schools and universities have shifted the physical learning to e-learning with the help of technologies such as artificial intelligence, machine learning, and making learning experience better for students. Furthermore, in the healthcare sector, use of advance technologies is done for contact tracing, remote surveillance, and rapid testing, which were achieved during COVID-19 with the help of different applications and platforms developed by the IT industry. Therefore, in the medium-to-long run, the COVID-19 technology impact may be extremely positive. Everyone is forced to embrace new technologies and discover their benefits. Additional investments in digital infrastructure can be expected.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Small business manufacturing software is used by small business owners to improve their bottom line and reduce cost. However the installation and configuration process cost of these software is very high. Furthermore, if different departments are reluctant to share the information, then there is loss of efficiency. Sometimes, the utilization of the software can require separate training or it can be difficult for the employees to use it.   

Reduce complexity

Instead of having different database and documents for different departments, these software have a centralized system where all the required data is shared between different departments. It reduces the errors, lowers expenses, and increases productivity.

Better decision making

The real-time data available helps the owners to make difficult decisions easily and response quickly to the changes that occur in the business environment. Furthermore, artificial intelligence is one of the recent trends in small business manufacturing software. Different tasks from voice assistant to personalized customers experience can be carried out with the help of artificial intelligence.

Key Segments Covered

Segments

Sub segments

  Component

  • Solution
  • Services

  Deployment Type

  • On-premise
  • Cloud

  Enterprise Size

 

  • Small & Medium Enterprises
  • Large Enterprise

  Industry Vertical

 

  • Manufacturing
  • Retail
  • Government
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the small business manufacturing software market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the small business manufacturing software market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the small business manufacturing software market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the small business manufacturing software market.
  • The report provides a detailed small business manufacturing software market analysis on the basis of competitive intensity and how the competition will take shape in the coming years

Questions Answered in the Small Business Manufacturing Software Market Research Report

  • Which are the leading market players active in the small business manufacturing software market? 
  • What are the detailed impacts of COVID-19 on the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the small business manufacturing software market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
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  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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