Inventory Management Software Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Inventory Management Software Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Inventory Management Software Market Size During the Forecast Period?
The market size of inventory management software has seen swift growth in the past few years. It is projected to expand from $2.25 billion in 2024 to $2.48 billion in 2025, with a CAGR of 10.4%. The historical growth is associated with increasing requirements for inventory tracking within the healthcare sector, the use of drones for inventory observation, emphasized focus on demand forecasting, the surge in popularity of SaaS (Software as a Service), and the growing significance of data analytics.

The market size of inventory management software is anticipated to undergo swift expansion in the coming years, escalating to $3.64 billion by 2029 with a compound annual growth rate (CAGR) of 10.0%. This climb in growth for the forecasted period can be credited to the increasing use of mobile devices, surge in demand for real-time visibility, the emergence of subscription-based pricing models, need for immediate inventory alerts, and the expansion of e-commerce and omnichannel retailing. Key trends for the expected period include partnering with third-party logistics suppliers, incorporation of artificial intelligence (AI) and machine learning (ML), shift towards mobile inventory management solutions, extension of global trade and supply chains, and the integration of voice recognition technology.

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What Are the High-Growth Segments in the Inventory Management Software Market?
The inventory management software market covered in this report is segmented -

1) By Component: Inventory Management Software, Inventory Management Services
2) By Deployment Mode: On-Premise, Cloud
3) By Application: Orders Management, Asset Tracking, Services Management, Product Differentiation, Inventory Optimization
4) By End-User: Manufacturing, Retail And Consumer Goods, Healthcare And Life Sciences, Energy And Utilities, Automotive, Others End Users

Subsegments:
1) By Inventory Management Software: Cloud-Based Inventory Management Software, On-Premises Inventory Management Software, Mobile Inventory Management Software, Barcode and Rfid-Based Inventory Software
2) By Inventory Management Services: Inventory Tracking and Monitoring Services, Inventory Optimization Services, Stock Replenishment and Forecasting Services, Inventory Audit and Reporting Services

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What Key Drivers Are Expected to Influence Future Inventory Management Software Market Growth?
The growth of the inventory management software market is likely to be spurred by the growing necessity for inventory tracking in healthcare. This involves keeping track of and controlling medical equipment, supplies, and medications to ensure availability, lower waste and keep stock levels accurate. Factors such as maintaining cost efficiency, compliance with regulations, patient safety, resilient supply chains, and operational effectiveness are driving this need for inventory tracking in healthcare. The inventory management software market is stimulated by this rising need, as a result of an increased demand for efficacious systems that can control stock levels, decrease waste and accentuate operational efficiency. According to the Office for National Statistics (ONS), a UK government department, their reports published in May 2023 revealed provisional estimates of approximately $356.01 billion (£283 billion) for UK healthcare spending in 2022, indicating a slight increase of 0.7% from 2021. Thus, the growing requirement for inventory tracking in healthcare is facilitating the expansion of the inventory management software market.

Which Companies Hold the Largest Share Across Different Inventory Management Software Market Segments?
Major companies operating in the inventory management software market are Microsoft Corporation, Oracle Corporation, VMWare Inc., Intuit Inc., NCR Corporation, Zebra Technologies Corporation, SAP SE, The Sage Group, NEC Corporation, Manhattan Associates Inc., Zoho Corporation Pvt. Ltd., Revel Systems Inc., Fishbowl Manufacturing, Wasp Barcode Technologies Ltd., CIN7 Ltd., Acumatica Inc., Stockpile Technology Pvt. Ltd., Erply Ltd., SkuVault Inc., Archon Group LLC, Finale Inventory, Orderhive Inc., QuickBook*s Commerce, Inflow Inventory, DEAR Systems

What Are the Latest Developing Trends in the Inventory Management Software Market?
Major companies in the inventory management software market are prioritizing the development of new technologies, such as the RFID inventory management solution. With the use of radio frequency identification technology, this solution is designed to monitor and manage inventory efficiently and accurately on a real-time basis. For instance, in January 2023, the US-based technology firm, Checkpoint Systems Inc. introduced ItemOptix, a retail-friendly inventory management software designed to enhance inventory accuracy, expedite the movement of stock, and ultimately increase sales and improve customer service. Included features are real-time inventory tracking, stock visibility, user-friendly installation processes, and a user-friendly interface, all aimed at enhancing inventory management and operational efficiency in retail outlets.

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What Are the Emerging Geographies for The Inventory Management Software Market Growth?
North America was the largest region in the inventory management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inventory management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Inventory Management Software Market?
2. What is the CAGR expected in the Inventory Management Software Market?
3. What Are the Key Innovations Transforming the Inventory Management Software Industry?
4. Which Region Is Leading the Inventory Management Software Market?

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