The global market for inventory management software is projected to grow at a healthy growth rate of over 5.00% over the forecast period 2021-2027.
The global market for inventory management software will reach the US $ 4.43 billion in 2027. The global inventory management software market is valued at approximately US $ 3.15 billion in 2020 and is expected to grow at a healthy growth rate of over 5.00% in the projected period 2021-2027.
Inventory management software from purchase to production and final sale Is a software system for tracking merchandise throughout the supply chain.
Market participants are increasingly focusing on feature and performance upgrades, and cloud-based solutions are becoming more popular, leading to more adoption of inventory management software during the forecast period.
For Instances In June 2018, Oracle Corporation launched a series of cloud-based warehouse management software enhancements to help e-commerce companies reduce inventory costs and improve customer service.
Also, with an increasing focus on supply chain management, the adoption & demand of inventory management software is expected to increase market growth during the forecast period.
However, inventory shortages are hampering the market growth during the 2021-2027 forecast period.
The global market for inventory management software is divided by region into Asia Pacific, North America, Europe, Latin America and other regions.
North America is one of the fastest growing regions due to the presence of multiple retailers and manufacturers focused on omni-channel platforms.
Meanwhile, the Asia-Pacific region is also expected to show significant growth over the forecast period 2021-2027.
Factors such as industrialization create a beneficial growth outlook for the inventory management software market across the Asia Pacific region.
The main market participants included in this report are:
- NCR Corporation
- Alterity, Inc.
- Archon Systems, Inc.
- Blue Younder (JDA Software)
- Clear Spider
- Expresstech International LLC
- Fishbowl Inventory
- Lightspeed POS, Inc.
- Manhattan Associates
- Microsoft Corporation
The purpose of this study is to define the market size of various segments and countries in recent years and to predict the values for the next 8 years.
This report is designed to capture the qualitative and quantitative aspects of industry in each region and country of interest. It also provides detailed information on key aspects such as the drivers and challenges that determine the future growth of the market.
In addition, it shall include a detailed analysis of the competitive environment of major companies and the provision of components, as well as available opportunities in the micromarket for stakeholders to invest.
The detailed segments and subsegments of the market are described below.
- Inventory management software
- Warehouse management service
- SaaS type inventory management software
On-premises type inventory management software
- Consumer goods / retail
- Manufacturing industry
- Automotive industry
- Oil and gas
By region, they are categorized as follows:
- North America (US, Canada, Mexico)
- Europe (UK, Germany, France, Italy, Spain, Poland, Russia, Netherlands, Belgium, Turkey, Scandinavian countries, other European countries).
- Asia Pacific (China, India, Japan, South Korea, Australia, New Zealand, ASEAN countries, and other Asia Pacific)
- Middle East / Africa (UAE, Saudi Arabia, South Africa, Israel, Kuwait, Qatar, Oman, MEA and other regions)
- South America (Argentina, Brazil and other South American regions)