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Inventory Management Software Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 160 Pages
SKU # FOB19224324

Description

Inventory Management Software Market



Growth Factors of Inventory Management Software Market

The inventory management software market size was valued at USD 2.13 billion in 2023, and the market is now projected to grow from USD 2.31 billion in 2024 to USD 4.84 billion by 2032, exhibiting a CAGR of 9.7% during the forecast period of 2024-2032.

Due to the pandemic, proper management of inventories became one of the most crucial factors in any organization. The market was boosted with more and more companies investing in inventory management systems. This trend enabled companies to pursue efficient inventory management, cut costs and enhance supply chain agility. Therefore, every industry's demand contributes to the inventory management software market growth. These strategic investments proved to be advantageous for the market.

The availability of easy integration inventory software is improving the processes across the market and promoting inventory management software market share. Integration with accounting and e-commerce tools reduces the time to input data, making the process more efficient manually. It has become common practice for organizations to implement integrated inventory management solutions achieving cost reduction, better cash flow and enhanced profitability. The market is gaining considerable share as more companies provide advanced solutions.

Also, the increasing demand for business process automation is driving the market due to increasing functionality for inventory management. Reducing workers' exposure to the manual handling of products and procedures eliminates human errors. It is useful in increasing efficiency in production and tracking the supply cost and inventory levels. Real-time analyses also improve the monitoring and observation of the entire process. The growth of automation is a significant factor in the change that occurs within inventory management.

Comprehensive Analysis of Inventory Management Software Market

The inventory management software market and information & communication technology industry are rising exponentially due to its market segmentation. This market segmentation effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the hardware & software IT services industry. These segmentations are methodically segregated by deployment mode, by application, by enterprise type and by end-users. The deployment mode includes, On-Premise and Cloud. The application includes, Inventory Control and Tracking, Order Management, Scanning and Barcoding, Asset Management and Others. The enterprise type includes, Large Enterprises and Small & Medium Enterprises (SMEs). The end-user includes, Manufacturing, Retail and Consumer Goods, Healthcare and Life Sciences, Energy and Utilities, Automotive and Others.

North America held the highest market share in 2023 for inventory management systems. The region's growth is driven by rising demand for efficient supply chain management and rapid technology adoption. The presence of key market players and a growing focus on multichannel inventory integration platforms further fuel market expansion. These factors are expected to sustain considerable regional growth during the forecast period. North America's leadership in the market is set to continue.

The key industry players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, Zoho Corporation Pvt. Ltd. (India), IBM Corporation (U.S.), Oracle Corporation (U.S.), Lightspeed (Canada), CIN7 Ltd. (New Zealand), Linnworks (U.K.), Intuit Inc. (U.S.), Acumatica, Inc. (U.S.), Fishbowl (U.S.) and Brightpearl (U.K.). These market players provide a level-playing competitive landscape.

In December 2023, Syrup secured over USD 17.5 million in a Series A funding round expanding its AI-powered tool. This tool helps users optimize inventory management for omnichannel commerce.

Segmentation Table

Global Inventory Management Software Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Growth Rate CAGR of 9.7% from 2024 to 2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Deployment Mode, Application, Enterprise Type, End-Users, and Region

By Deployment Mode
  • On-Premise
    • Cloud
    By Application
  • Inventory Control and Tracking
    • Order Management
    • Scanning and Barcoding
    • Asset Management
    • Others (Reporting and Forecasting, etc.)
    By Enterprise Type
    • Large Enterprises
    • Small & Medium Enterprises (SMEs)
    By End-Users
    • Manufacturing
    • Retail and Consumer Goods
    • Healthcare and Life Sciences
    • Energy and Utilities
    • Automotive
    • Others (Construction, etc.)
    By Region
  • North America (By Deployment Mode; Application; Enterprise Type; End-Users, and Country)
    • U.S. (By End-Users)
    • Canada (By End-Users)
    • Mexico (By End-Users)
    • South America (By Deployment Mode; Application; Enterprise Type; End-Users, and Country)
    • Brazil (By End-Users)
    • Argentina (By End-Users)
    • Rest of South America
    • Europe (By Deployment Mode; Application; Enterprise Type; End-Users, and Country)
    • U.K. (By End-Users)
    • Germany (By End-Users)
    • France (By End-Users)
    • Italy (By End-Users)
    • Spain (By End-Users)
    • Russia (By End-Users)
    • Benelux (By End-Users)
    • Nordics (By End-Users)
    • Rest of Europe
    • Middle East & Africa (By Deployment Mode; Application; Enterprise Type; End-Users, and Country)
    • Turkey (By End-Users)
    • Israel (By End-Users)
    • GCC (By End-Users)
    • North Africa (By End-Users)
    • South Africa (By End-Users)
    • Rest of the Middle East & Africa
    • Asia Pacific (By Deployment Mode; Application; Enterprise Type; End-Users, and Country)
    • China (By End-Users)
    • Japan (By End-Users)
    • India (By End-Users)
    • South Korea (By End-Users)
    • ASEAN (By End-Users)
    • Oceania (By End-Users)
    • Rest of Asia Pacific


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    Table of Contents

    160 Pages
    1. Introduction
    1.1. Definition, By Segment
    1.2. Research Methodology/Approach
    1.3. Data Sources
    2. Executive Summary
    3. Market Dynamics
    3.1. Macro and Micro Economic Indicators
    3.2. Drivers, Restraints, Opportunities and Trends
    4. Competition Landscape
    4.1. Business Strategies Adopted by Key Players
    4.2. Consolidated SWOT Analysis of Key Players
    4.3. Inventory Management Software Key Players Market Share/Ranking, 2023
    5. Global Inventory Management Software Market Size Estimates and Forecasts, By Segments, 2019-2032
    5.1. Key Findings
    5.2. By Deployment Mode (USD)
    5.2.1. On-Premise
    5.2.2. Cloud
    5.3. By Application (USD)
    5.3.1. Inventory Control and Tracking
    5.3.2. Order Management
    5.3.3. Scanning and Barcoding
    5.3.4. Asset Management
    5.3.5. Others (Reporting and Forecasting, etc.)
    5.4. By Enterprise Type (USD)
    5.4.1. Large Enterprises
    5.4.2. Small & Medium Enterprises (SMEs)
    5.5. By End-Users (USD)
    5.5.1. Manufacturing
    5.5.2. Retail and Consumer Goods
    5.5.3. Healthcare and Life Sciences
    5.5.4. Energy and Utilities
    5.5.5. Automotive
    5.5.6. Others (Construction, etc.)
    5.6. By Region (USD)
    5.6.1. North America
    5.6.2. South America
    5.6.3. Europe
    5.6.4. Middle East & Africa
    5.6.5. Asia Pacific
    6. North America Inventory Management Software Market Size Estimates and Forecasts, By Segments, 2019-2032
    6.1. Key Findings
    6.2. By Deployment Mode (USD)
    6.2.1. On-Premise
    6.2.2. Cloud
    6.3. By Application (USD)
    6.3.1. Inventory Control and Tracking
    6.3.2. Order Management
    6.3.3. Scanning and Barcoding
    6.3.4. Asset Management
    6.3.5. Others (Reporting and Forecasting, etc.)
    6.4. By Enterprise Type (USD)
    6.4.1. Large Enterprises
    6.4.2. Small & Medium Enterprises (SMEs)
    6.5. By End-Users (USD)
    6.5.1. Manufacturing
    6.5.2. Retail and Consumer Goods
    6.5.3. Healthcare and Life Sciences
    6.5.4. Energy and Utilities
    6.5.5. Automotive
    6.5.6. Others (Construction, etc.)
    6.6. By Country (USD)
    6.6.1. U.S.
    6.6.1.1. By End-Users
    6.6.2. Canada
    6.6.2.1. By End-Users
    6.6.3. Mexico
    6.6.3.1. By End-Users
    7. South America Inventory Management Software Market Size Estimates and Forecasts, By Segments, 2019-2032
    7.1. Key Findings
    7.2. By Deployment Mode (USD)
    7.2.1. On-Premise
    7.2.2. Cloud
    7.3. By Application (USD)
    7.3.1. Inventory Control and Tracking
    7.3.2. Order Management
    7.3.3. Scanning and Barcoding
    7.3.4. Asset Management
    7.3.5. Others (Reporting and Forecasting, etc.)
    7.4. By Enterprise Type (USD)
    7.4.1. Large Enterprises
    7.4.2. Small & Medium Enterprises (SMEs)
    7.5. By End-Users (USD)
    7.5.1. Manufacturing
    7.5.2. Retail and Consumer Goods
    7.5.3. Healthcare and Life Sciences
    7.5.4. Energy and Utilities
    7.5.5. Automotive
    7.5.6. Others (Construction, etc.)
    7.6. By Country (USD)
    7.6.1. Brazil
    7.6.1.1. By End-Users
    7.6.2. Argentina
    7.6.2.1. By End-Users
    7.6.3. Rest of South America
    8. Europe Inventory Management Software Market Size Estimates and Forecasts, By Segments, 2019-2032
    8.1. Key Findings
    8.2. By Deployment Mode (USD)
    8.2.1. On-Premise
    8.2.2. Cloud
    8.3. By Application (USD)
    8.3.1. Inventory Control and Tracking
    8.3.2. Order Management
    8.3.3. Scanning and Barcoding
    8.3.4. Asset Management
    8.3.5. Others (Reporting and Forecasting, etc.)
    8.4. By Enterprise Type (USD)
    8.4.1. Large Enterprises
    8.4.2. Small & Medium Enterprises (SMEs)
    8.5. By End-Users (USD)
    8.5.1. Manufacturing
    8.5.2. Retail and Consumer Goods
    8.5.3. Healthcare and Life Sciences
    8.5.4. Energy and Utilities
    8.5.5. Automotive
    8.5.6. Others (Construction, etc.)
    8.6. By Country (USD)
    8.6.1. U.K.
    8.6.1.1. By End-Users
    8.6.2. Germany
    8.6.2.1. By End-Users
    8.6.3. France
    8.6.3.1. By End-Users
    8.6.4. Italy
    8.6.4.1. By End-Users
    8.6.5. Spain
    8.6.5.1. By End-Users
    8.6.6. Russia
    8.6.6.1. By End-Users
    8.6.7. Benelux
    8.6.7.1. By End-Users
    8.6.8. Nordics
    8.6.8.1. By End-Users
    8.6.9. Rest of Europe
    9. Middle East & Africa Inventory Management Software Market Size Estimates and Forecasts, By Segments, 2019-2032
    9.1. Key Findings
    9.2. By Deployment Mode (USD)
    9.2.1. On-Premise
    9.2.2. Cloud
    9.3. By Application (USD)
    9.3.1. Inventory Control and Tracking
    9.3.2. Order Management
    9.3.3. Scanning and Barcoding
    9.3.4. Asset Management
    9.3.5. Others (Reporting and Forecasting, etc.)
    9.4. By Enterprise Type (USD)
    9.4.1. Large Enterprises
    9.4.2. Small & Medium Enterprises (SMEs)
    9.5. By End-Users (USD)
    9.5.1. Manufacturing
    9.5.2. Retail and Consumer Goods
    9.5.3. Healthcare and Life Sciences
    9.5.4. Energy and Utilities
    9.5.5. Automotive
    9.5.6. Others (Construction, etc.)
    9.6. By Country (USD)
    9.6.1. Turkey
    9.6.1.1. By End-Users
    9.6.2. Israel
    9.6.2.1. By End-Users
    9.6.3. GCC
    9.6.3.1. By End-Users
    9.6.4. North Africa
    9.6.4.1. By End-Users
    9.6.5. South Africa
    9.6.5.1. By End-Users
    9.6.6. Rest of Middle East & Africa
    10. Asia Pacific Inventory Management Software Market Size Estimates and Forecasts, By Segments, 2019-2032
    10.1. Key Findings
    10.2. By Deployment Mode (USD)
    10.2.1. On-Premise
    10.2.2. Cloud
    10.3. By Application (USD)
    10.3.1. Inventory Control and Tracking
    10.3.2. Order Management
    10.3.3. Scanning and Barcoding
    10.3.4. Asset Management
    10.3.5. Others (Reporting and Forecasting, etc.)
    10.4. By Enterprise Type (USD)
    10.4.1. Large Enterprises
    10.4.2. Small & Medium Enterprises (SMEs)
    10.5. By End-Users (USD)
    10.5.1. Manufacturing
    10.5.2. Retail and Consumer Goods
    10.5.3. Healthcare and Life Sciences
    10.5.4. Energy and Utilities
    10.5.5. Automotive
    10.5.6. Others (Construction, etc.)
    10.6. By Country (USD)
    10.6.1. China
    10.6.1.1. By End-Users
    10.6.2. Japan
    10.6.2.1. By End-Users
    10.6.3. India
    10.6.3.1. By End-Users
    10.6.4. South Korea
    10.6.4.1. By End-Users
    10.6.5. ASEAN
    10.6.5.1. By End-Users
    10.6.6. Oceania
    10.6.6.1. By End-Users
    10.6.7. Rest of Asia Pacific
    11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
    11.1. Zoho Corporation Pvt. Ltd.
    11.1.1. Overview
    11.1.1.1. Key Management
    11.1.1.2. Headquarters
    11.1.1.3. Offerings/Business Segments
    11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    11.1.2.1. Employee Size
    11.1.2.2. Past and Current Revenue
    11.1.2.3. Geographical Share
    11.1.2.4. Business Segment Share
    11.1.2.5. Recent Developments
    11.2. IBM Corporation
    11.2.1. Overview
    11.2.1.1. Key Management
    11.2.1.2. Headquarters
    11.2.1.3. Offerings/Business Segments
    11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    11.2.2.1. Employee Size
    11.2.2.2. Past and Current Revenue
    11.2.2.3. Geographical Share
    11.2.2.4. Business Segment Share
    11.2.2.5. Recent Developments
    11.3. Oracle Corporation
    11.3.1. Overview
    11.3.1.1. Key Management
    11.3.1.2. Headquarters
    11.3.1.3. Offerings/Business Segments
    11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    11.3.2.1. Employee Size
    11.3.2.2. Past and Current Revenue
    11.3.2.3. Geographical Share
    11.3.2.4. Business Segment Share
    11.3.2.5. Recent Developments
    11.4. Lightspeed
    11.4.1. Overview
    11.4.1.1. Key Management
    11.4.1.2. Headquarters
    11.4.1.3. Offerings/Business Segments
    11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    11.4.2.1. Employee Size
    11.4.2.2. Past and Current Revenue
    11.4.2.3. Geographical Share
    11.4.2.4. Business Segment Share
    11.4.2.5. Recent Developments
    11.5. CIN7 Ltd.
    11.5.1. Overview
    11.5.1.1. Key Management
    11.5.1.2. Headquarters
    11.5.1.3. Offerings/Business Segments
    11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    11.5.2.1. Employee Size
    11.5.2.2. Past and Current Revenue
    11.5.2.3. Geographical Share
    11.5.2.4. Business Segment Share
    11.5.2.5. Recent Developments
    11.6. Linnworks
    11.6.1. Overview
    11.6.1.1. Key Management
    11.6.1.2. Headquarters
    11.6.1.3. Offerings/Business Segments
    11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    11.6.2.1. Employee Size
    11.6.2.2. Past and Current Revenue
    11.6.2.3. Geographical Share
    11.6.2.4. Business Segment Share
    11.6.2.5. Recent Developments
    11.7. Intuit Inc.
    11.7.1. Overview
    11.7.1.1. Key Management
    11.7.1.2. Headquarters
    11.7.1.3. Offerings/Business Segments
    11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    11.7.2.1. Employee Size
    11.7.2.2. Past and Current Revenue
    11.7.2.3. Geographical Share
    11.7.2.4. Business Segment Share
    11.7.2.5. Recent Developments
    11.8. Acumatica, Inc.
    11.8.1. Overview
    11.8.1.1. Key Management
    11.8.1.2. Headquarters
    11.8.1.3. Offerings/Business Segments
    11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    11.8.2.1. Employee Size
    11.8.2.2. Past and Current Revenue
    11.8.2.3. Geographical Share
    11.8.2.4. Business Segment Share
    11.8.2.5. Recent Developments
    11.9. Fishbowl
    11.9.1. Overview
    11.9.1.1. Key Management
    11.9.1.2. Headquarters
    11.9.1.3. Offerings/Business Segments
    11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    11.9.2.1. Employee Size
    11.9.2.2. Past and Current Revenue
    11.9.2.3. Geographical Share
    11.9.2.4. Business Segment Share
    11.9.2.5. Recent Developments
    11.10. Brightpearl
    11.10.1. Overview
    11.10.1.1. Key Management
    11.10.1.2. Headquarters
    11.10.1.3. Offerings/Business Segments
    11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    11.10.2.1. Employee Size
    11.10.2.2. Past and Current Revenue
    11.10.2.3. Geographical Share
    11.10.2.4. Business Segment Share
    11.10.2.5. Recent Developments

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