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    U.S. Retail Recon Software Market to Reach $264.37 Mn, by 2027, at 11.8% CAGR  135  0 Kommentare Allied Market Research

    Rise in online transaction, increase in need for reconciliation management, and substantial savings for retailers with high volume bank reconciliation needs fuel the growth of the U.S. Retail Recon Software Market.

    PORTLAND, Oregon, June 1, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "U.S. Retail Recon Software Market by Component (Software and Services), Software Type (Transaction Matching, Consolidation, Reporting & Analytics, Variance Analysis, Task Management, and Others) Deployment Model (On-Premise and Cloud), Retailer Size (Large Retailers and Small & Medium Retailers), and Reconciliation Type (Account Reconciliation, Bank Reconciliation, Payment Reconciliation and Others): U.S. Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the U.S. retail recon software industry was estimated at $108.75 million in 2019, and is anticipated to hit $264.37 million by 2027, registering a CAGR of 11.8% from 2020 to 2027.

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    Drivers, restraints, and opportunities-

    Rise in online transaction, increase in need for reconciliation management, and substantial savings for retailers with high volume bank reconciliation needs fuel the growth of the U.S. retail recon software market. On the other hand, different security issues faced by retailers impede the growth to some extent. However, growth in usage of machine learning and artificial intelligence in recon software is expected to create multiple opportunities in the industry.

    COVID-19 impact-

    • COVID-19 (Coronavirus) pandemic has forced many companies in the recon software market to halt their business operations in order to comply with the new government dictums.
    • This pause in the operations are directly impacting the revenue flow in the market.
    • However, the organic and inorganic strategies incorporated by the key market players are expected to ameliorate the situation very soon.

    Get detailed COVID-19 impact analysis on the U.S. Retail Recon Software Market

    The software segment to dominate by 2027-

    Based on component, the software segment contributed to more than two-thirds of the US retail recon software market share in 2019, and is expected to rule the roost by the end of 2027. The fact that reconciliation software is faster to deploy drives the growth of the segment. The service segment, on the other hand, would grow at the fastest CAGR of 13.3% during the forecast period. Rise in need of different services such as managed services and professional services boosts the segment growth.

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    U.S. Retail Recon Software Market to Reach $264.37 Mn, by 2027, at 11.8% CAGR Allied Market Research Rise in online transaction, increase in need for reconciliation management, and substantial savings for retailers with high volume bank reconciliation needs fuel the growth of the U.S. Retail Recon Software Market. PORTLAND, Oregon, June 1, 2020 …