by The global Bookstore Software Market is estimated to be valued at US$ 2.00 Bn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Bookstore software helps manage inventory, sales, and operations of bookstores. It provides solutions to digitally organize catalog of books, process orders, manage accounts and payments. The software offers benefits like reduced operational costs, improved customer service, easy inventory management and real-time tracking of sales. Growing usage of internet and rise of e-commerce has boosted growth of online bookstore software which allows businesses to sell books online and manage the online bookstore.
Market Overview:
Bookstore software offers solutions to manage bookstore operations digitally. It allows businesses to efficiently manage inventory, process sales and payments, track orders and accounts. The software reduces costs associated with manual paperwork and improves customer services through online services.
Market key trends:
One of the key trends in the bookstore software market is rise of Software as a Service (SaaS) model. Leading providers are offering bookstore software in the cloud-based SaaS model which provides benefits like no upfront costs, seamless updates, easy scalability and mobility. Another trend is integration of bookstore software with e-commerce platforms and payment gateways to enable online transactions. Analytics capabilities are being added which help businesses make data-driven decisions for improved sales and growth. Customization options allow businesses to customize the software as per their specific business requirements.
Segment Analysis
The Global Bookstore Software Market is segmented into business management software and inventory & POS software. The inventory & POS software segment is expected to dominate the market during the forecast period. This is because inventory & POS software helps in simplifying day to day operations like tracking inventory levels, processing payments, invoicing, and generating reports. The POS software integrated with inventory management facilitates efficient order management and increases sales.
Key Takeaways
The global bookstore software market is expected to witness high growth, exhibiting a CAGR of 11.% over the forecast period, due to increasing adoption of digitization across bookstores.
Regional analysis- North America dominates the global bookstore software market owing to the presence of major bookstore software vendors in the US and Canada. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to rapid growth of bookstore chains in China and India.
Key players operating in the bookstore software market are Square Inc., Lightspeed POS Inc., Booklog, Capterra, Librairie, Basil Bookseller Software, BookNet Canada, Booker Software, Booklogix, Alfa Ebooks Manager, IBID Info, Bookmanager, EPOS Now, BookSeller, IndieCommerce. Square Inc. dominates the global bookstore software market due to its wide range of POS and inventory management software offerings used by both small and large bookstores.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
