Inventory Management Software Market Detail Analysis focusing on Key Players like Microsoft, Fishbowl, SAP, Oracle, Zoho, TradeGecko, Ordoro, Brightperal, Stitch Labs, Acctivate, Wasp Barcode Technologies, Dapulse, Orderhive

The 2018-2024 report on Global Inventory Management Software market explores the essential factors of Inventory Management Software industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

North America is projected to hold a significant share of over 42% in the inventory management software market by 2024 due to the increasing number of retailers and manufacturing companies, which are using the omni-channel platforms to increase their productivity and efficiency. For instance, in July 2017, indiCo and RSMA, providers of retail planning and forecasting solutions entered into a strategic partnership to make advanced inventory tools for small and independent campus stores. These tools improve merchandise inventory decisions and the financial performance of campus stores, including monthly sales forecasts, open-to-buy budgets, and retail metrics by merchandise category.

Players operating in the global Inventory Management Software market include Microsoft Corporation, Oracle Corporation, Alterity Inc. (ACCTivate), Brightperal, Dapulse (Monday.com), Dear Systems, eTurns, Inc., Fishbowl Inc., Handifox, Kornyk Computer Solutions International, Inc., Manhattan Associates, Megaventory, Orderhive, Ordoro, Inc., Sage Group plc, SAP SE, SkuVault, Stitch Labs, TradeGecko, Veeqo Ltd., Wasp Barcode Technologies, Zoho Corporation

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The inventory management software market growth in Asia Pacific is driven by various government-led initiatives to boost the digitalization, particularly in the developing economies. The government, particularly in China, India, South Korea, and Australia, are also taking efforts for the development and growth of the SMBs, especially with respect to financing and tax reforms. For instance, in September 2017, the Chinese government revised a legislation to protect the interests of these enterprises. The revised law strengthened the protection on the property rights and increased the support in areas such as taxation, financing, and employment. The country also supported SMBs in attracting the professional talent by encouraging colleges and research institutions to cooperate on the transformation of scientific and technological achievements. The robust growth of the SMB sector is likely to support the growing adoption of the inventory management software in the region.

Inventory Management Software Market is projected to surpass USD 3 billion by 2024. Inventory management, a component of supply-chain management refers to the management of inventory and stock to ensure the smooth flow of goods from manufacturers to warehouses and ultimately to the point of sale. As managing huge inventory is a complex process, organizations use the inventory management software, which enables them to keep track of a large volume of goods as they move through their supply chain.

The barcode technology is widely used for increasing the accuracy and efficiency of inventory management systems. Barcode scanners enable organizations to easily process large item sets with the ability to pull the data directly from the cash registers and POS systems. Using such systems reduces the man-hours spent on the inventory counting and increases the organization’s overall productivity. However, with the use of advanced technologies, such Radio Frequency Identification (RFID), monitoring the movement of inventory in real-time has become more efficient. The growing adoption of the RFID technology in inventory management practices is expected to further facilitate the inventory management software market growth.

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Another important factor accelerating the market growth is the inventory shrinkage that can be attributed to shoplifting, customer theft, and vendor fraud, leading to a revenue leakage. For instance, in Asia Pacific, it is estimated that the countries including India, China, and South Korea faced the highest shrinkage value in 2018 amounting to around USD 0.52 billion, USD 13.52 billion, and USD 1.56 billion, respectively.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Inventory Management Software Industry Insights

Chapter 4. Competitive Landscape, 2017

Chapter 5. Inventory Management Software Market, By Type

Chapter 6 Inventory Management Software Market, By Application

Chapter 7 Inventory Management Software market, By Deployment Model

Chapter 8. Inventory Management Software market, By Organization

Chapter 9. Inventory Management Software market, By End Use

Chapter 10. Inventory Management Software market, By Region

Chapter 11. Inventory Management Software market Company Profiles

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Related Report:

Global Inventory Management Software in Retail Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023

This report studies the Inventory Management Software in Retail market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Inventory Management Software in Retail market by product type and applications/end industries. For startups and SMBs, tracking inventory in real time is very important. Not only can business owners track and collect data but also generate reports. At the same time, entrepreneurs can access cloud-based inventory data from a wide range of internet-enabled devices, including smartphones, tablets, laptops, as well as traditional desktop PCs. Cloud-based solutions also eliminate the need to hire a large IT workforce. The service provider will take care of maintaining the inventory software. Deploying web based inventory software is quite easy. All business owners have to do is sign up for a monthly or yearly subscription and start using the inventory management software via the internet. However, using the cloud means that data is managed by a third party provider and there can be a risk of data being accessed by unauthorized users.

https://www.marketstudyreport.com/reports/global-inventory-management-software-in-retail-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023/?utm_source=OPR-SP

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