Inventory Management Software Market By Top Leading Companies: Manhattan Associates, Microsoft, Oracle, SAP, Zoho Corporation, monday.com, Fishbowl, TradeGecko, Stitch Labs, Wasp Barcode Technologies

Inventory Management Software Market in manufacturing sector is expected to secure share of over 25% CAGR till 2024. This impressive growth is attributed to the robust growth of the manufacturing sector after Industry 4.0, and the emergence of automation systems in manufacturing to rapidly increase production capacities. According to the UN, manufacturing globally contributed to 17% of the total economic value in 2016. This steady growth of the sector is expected to further fuel the demand for modern inventory management software to streamline and optimize the manufacturing process flows.

Inventory Management Software Market size was estimated at over USD 2 billion in 2017, is set to exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. The inventory management software market growth is attributed to the rapidly growing global e-commerce landscape, retailers emphasizing on offering omnichannel shopping experience to their customers, and the increasing manufacturing output due to the adoption of Industrial IoT (IIoT).

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Inadequate supply of inventory may grind manufacturing operations into a halt. On the other hand, the excessive supply of inventory can cripple an organization’s cash flow and pose a threat to its liquidity position. Either way, inefficient inventory management in manufacturing organizations can create serious challenges for the productivity of the companies. Hence, the demand for robust inventory management solutions in the manufacturing sector is expected to increase consistently over the forecast timeline.

The cloud model is projected to acquire a inventory management software market share of over 35% by 2024. The market growth is characterized by increasing awareness regarding the benefits of scalability, flexibility, and enhanced security offered by cloud platforms. SMBs can save significant costs on capital investments by opting for cloud-based inventory management software without the need for procuring dedicated hardware and software resources. Also, cloud providers offer pay-as-you-go services to their customers, allowing them to scale their usage of inventory management systems dynamically with respect to the changing market demands.

The advanced radio frequency system (RFID) segment in inventory management software market is projected to register an accelerated growth during the forecast timeline with an impressive CAGR of around 11%. The technology allows supply chain managers to identify individual products and components and to track the movement of the inventory throughout the supply chain right from the manufacturing unit to the point-of-sale. The systems are used for ensuring stock security, quality control, and for the prevention of over-stocking or under-stocking of products.

The manufacturing sector is expected to secure a inventory management software market share of over 25% by 2024. This impressive growth is attributed to the robust growth of the manufacturing sector after Industry 4.0, and the emergence of automation systems in manufacturing to rapidly increase production capacities. According to the UN, manufacturing globally contributed to 17% of the total economic value in 2016. This steady growth of the sector is expected to further fuel the demand for modern inventory management software to streamline and optimize the manufacturing process flows.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & analysis:

1. Manhattan Associates
2. Microsoft
3. Oracle
4. SAP
5. Zoho Corporation
6. monday.com
7. Fishbowl
8. TradeGecko
9. Stitch Labs
10. Wasp Barcode Technologies

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Inventory Management Software Market, By Deployment Model

o On-premise
o Cloud

Inventory Management Software Market, By Organization

o SMB
o Large Organization

Inventory Management Software Market, By End Use

o Manufacturing
o Medical/healthcare
o Retail
o Automotive
o Oil & gas

North America held a dominant share of over 40% in the inventory management software market in 2017. The majority share is attributed to a rapidly expanding e-commerce landscape in the region, a robust manufacturing sector with increasing adoption of industrial IoT after Industry 4.0, and the availability of an extensive cloud infrastructure. According to the U.S. Department of Commerce’s International Trade Administration (ITA), the manufacturing industry in the U.S. received Foreign Direct Investment (FDI) amounting to USD 1.6 trillion in 2017. In 2016, the manufacturing sector contributed nearly USD 350 billion to the U.S. GDP.

Companies operating in the global inventory management software market are focusing on technology innovations, strategic acquisitions, and mergers to strengthen their market position and to acquire new customers. For instance, in April 2018, SAP SE acquired Callidus Cloud Software, Inc. at USD 36 per share in a cash deal. This acquisition will strengthen the position of SAP in the inventory management market by integrating advanced CRM and sales optimization capabilities of the Callidus Cloud into its inventory management system. Similarly, in 2016, Oracle acquired one of the leading vendors of the inventory management software, Netsuite, to strengthen its market position and expand its customer base.

Some of the key players operating in the inventory management software market are Acctivate Inventory Management Software, monday.com, DEAR Inventory, eTurns, Fishbowl, Kornyk Computer Solutions Intl, Manhattan Associates, Megaventory Inc., Microsoft, Oracle, Orderhive, Ordoro, SAGE Group, SAP, SkuVault, Stitch Labs, TradeGecko, Veeqo, Wasp Barcode Technologies, and Zoho Corporation.

Browse key industry insights spread across 220 pages with 338 market data tables & 30 figures & charts from the report, “Inventory Management Software Market Size By Type (Manually Managed Inventory System, Barcode Scanning System, Advanced Radio Frequency System (RFID)), By Application (Order Management, Asset Tracking, Service Management, Product Differentiation, Inventory Optimization), By Deployment Model (On-premise, Cloud), By Organization (Large Organization, SMB), By End Use (Manufacturing, Medical/Healthcare, Retail, Automotive, Oil & Gas), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, India, Australia, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/inventory-management-software-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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