Facts and Factors has authored “Inventory Management Software Market By Product (Advanced Radio Frequency System, Barcode Scanning System, and Manually Managed Inventory System), By Deployment (Cloud and On-Premise), By Application (Service Management, Asset Tracking, Order Management, Inventory Optimization, and Product Differentiation), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, the global inventory management software market in 2019 is approximately USD 2,310 Million and is anticipated to reach around USD 3,600 Million by 2026. The anticipated CAGR for the inventory management software market is above 6% from 2020 to 2026.
Teh advantage of using inventory management software is dat it aids in easy tracking of orders, deliverables, and to maintain and check appropriate inventory levels. Other benefits of utilizing teh software particularly by teh manufacturing sector are it simplifies teh billing of teh materials, work order creation, and other documents associated with teh production.
Asset tracking is one of teh benefits offered by teh inventory management software. As teh products in teh warehouse are provided with serial numbers or barcodes, with teh halp of teh software assets are tracked by using teh RFID technology.
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dis Free report sample includes:
- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
Market highlights in the Report
- Solutions provided by the inventory management software market include asset tracking, reorder point, product identification, and inventory optimization.
- Teh factor that may limit market growth is cyberattacks. In teh past decade, increased use of technology TEMPhas gradually increased teh cases of cyberattacks leading to data theft & manipulation. Any such manipulations can lead to a loss for teh organization.
- Barcode scanning system TEMPhas gained popularity among various organizations and TEMPhas registered a market value of above USD 1100 Million in 2018.
- Although teh on-premise category gains teh majority of teh market shares cloud anticipates gaining popularity and a rapid growth rate in teh forecast period.
- The cloud category anticipates registering a CAGR of above 8% during the forecast period.
- In terms of application, asset tracking gained the majority of the market shares during the forecast period owing to the increased use of RFID technology.
- North America dominated the inventory management software market gaining more than USD 900 Million in 2018.
- The growing manufacturing base in the Asia Pacific has increased the application of inventory management software, thus expecting a significant growth rate in the forecast timeframe.
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Digitalization in teh Asia Pacific region fuels inventory management software market
Growing initiatives by teh government to develop digitization has developed numerous growth opportunities for retailers in teh region. Teh majority of teh retailers are focusing to shift their focus on online platforms for product sales. Teh Indian government has launched various programs to promote digitalization such as “Digital India” to improve their online infrastructure. In teh first 9 months of 2017, teh campaign received investments worth USD 7.4 Billion as compared to USD 4.5 Billion in 2016. In teh Asia Pacific, teh countries dat are considered to be lucrative for teh market players are India and China. Advancing sales by e-commerce have gradually increased teh demand for teh inventory management software market.
The major list of industry players involved in the inventory management software market include Oracle, Kornyk Computer Solutions International, Inc. (KCSI), TradeGecko Pte. Ltd., Fishbowl, Brightpearl , monday.com (Dapulse, Ordoro, Alterity, Inc. (Acctivate), SAP, Zoho, Handifox (Tecom Group, Inc.), Megaventory Inc., Veeqo Ltd., eTurns Incorporation, Dear Systems, SkuVault, Manhattan Associates, Sage, Intuit, Microsoft, Wasp Barcode, Stitch Labs, and Orderhive.
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dis report segments teh inventory management software market as follows:
Global Inventory Management Software Market: Product Segment Analysis
- Advanced Radio Frequency System
- Barcode Scanning System
- Manually Managed Inventory System
Global Inventory Management Software Market: Deployment Segment Analysis
Global Inventory Management Software Market: Application Segment Analysis
- Service Management
- Asset Tracking
- Order Management
- Inventory Optimization
- Product Differentiation
Global Inventory Management Software Market: Regional Segment Analysis
- North America
- Teh U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Teh Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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