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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.
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 2028This 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.
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Segmentation: Global Inventory Management Software Market:
By Type: Manually Managed Inventory System. Barcode Scanning System, Advanced Radio Frequency System.
By Application: Order Management, Asset Tracking, Service Management, Product Differentiation, and Inventory Optimization
By Deployment Mode: On- premises, Cloud
By Organization: SMB, Large Organization
Competitive Analysis:
Global inventory management software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of inventory management software market for global, Europe, North America, Asia-Pacific and South America.
Key Developments in the Market:
In January 2019, Cultivera announced the launch of their new point-of-sale and retail management software Cultivera POS, for legal and cannabis stores. The main aim of the launch is to improve the efficiency of the seed-to-sale cannabis supply chain. It will also help the company to expand their business in retail as well as cannabis market by meeting the needs and requirement of the customers.
In November 2018, SponServe announced that they are acquired KORE Software, which will help the KORE to expand its business in the international market. It will also help the KORE to sell faster and smarter services to the businesses along with SponServe.
Major Market Competitors/Players:
Few of the major competitors currently working in the inventory management software market 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., Manhattan Associates.
MAJOR TOC OF THE REPORT:
Chapter One: Inventory Management Software Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Inventory Management Software Market Competition, by Players
Chapter Four: Inventory Management Software Market Size by Regions
Chapter Five: Inventory Management Software Market Revenue by Countries
Chapter Six: Inventory Management Software Market Revenue by Type
Chapter Seven: Inventory Management Software Market Revenue by Application
Chapter Eight: Inventory Management Software Market Revenue by Industries
Chapter Nine: Inventory Management Software Market Revenue by Deployment Model
Chapter Ten: Inventory Management Software Market Revenue by End User
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Global Inventory Management Software Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Global Inventory Management Software Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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