Global Inventory Management Software Market, By End-Use (Manufacturing, Medical/Healthcare, Retail, Automotive, Oil & Gas), Organization Size (Large Enterprise, SMEs), Deployment Model (On-Premise, Cloud), Application (Order Management, Asset Tracking, Service Management, Product Differentiation, Inventory Optimization), Type (Manually Managed Inventory System, Barcode Scanning System, Advanced Radio Frequency System (RFID)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The inventory management software market will reach at an estimated value of USD 3.82 billion and grow at a CAGR of 6.12% in the forecast period of 2021 to 2028. Growing trend of omni-channel retailing is an essential factor driving the inventory management software market.
Inventory management software is a type of software which is used to track deliveries, sales, orders, production processes among others. It helps the business to get the material they require for the products which they want to serve the customer. The main aim of this software is to make sure that the material should not go out of stock.
Growing E-commerce market is a crucial factor accelerating the market growth, also rising demand for the RFID technology, increasing widespread adoption of smartphones and other mobile devices, rapidly growing popularity of e-commerce, rising need to mitigate supply chain inefficiencies and rising demand for RFID technology are the major factors among others boosting the inventory management software market. Moreover, increasing technological advancements and modernization in the software used and rising research and development activities in the market will further create new opportunities for inventory management software market in the forecast period mentioned above.
However, high investment cost and hesitation among consumer to adopt legacy system are the major factors among others restraining the market growth, and will further challenge the inventory management software market in the forecast period mentioned above.
This inventory management software market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the inventory management software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Inventory Management Software Market Scope and Market Size
The inventory management software market is segmented on the basis of end-use, organization size, deployment model, application and type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of end-use, inventory management software market is segmented into manufacturing, medical/healthcare, retail, automotive and oil & gas.
- Based on organization size, the inventory management software market is segmented into large enterprise and SMEs.
- Based on deployment model, the inventory management software market is segmented into on premise and cloud.
- Based on application, the inventory management software market is segmented into order management, asset tracking, service management, product differentiation and inventory optimization.
- The inventory management software market is also segmented on the basis of type into manually managed inventory system, barcode scanning system and advanced radio frequency system (RFID).
Inventory Management Software Market Scope Country Level Analysis
Inventory management software market is analysed and market size, volume information is provided by country, end-use, organization size, deployment model, application and type as referenced above.
The countries covered in the inventory management software market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the inventory management software market due to rising demand for the RFID technology, increasing widespread adoption of smartphones and other mobile devices, rapidly growing popularity of e-commerce, rising need to mitigate supply chain inefficiencies and rising demand for RFID technology in this region.
The country section of the inventory management software market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Inventory Management Software Market Share Analysis
The inventory management software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to inventory management software market.
The major players covered in inventory management software market report are Ordoro, Inc., Fishbowl Inc., Zoho Corporation Pvt. Ltd., Oracle, Microsoft, SAP SE, Stitch Labs, monday.com, Dear Systems, Brightpearl, TradeGecko Pte. Ltd., Orderhive, HandiFox, SkuVault, Megaventory Inc., Wasp Barcode Technologies, Alterity, Inc. and Manhattan Associates. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Inventory Management Software Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.