Retail Inventory Management Software Market Growth Forecast 2025: Industry Trends, Market Size, and Projections

The Retail 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 Retail Inventory Management Software Market Size and Projected Growth Rate?
In recent times, the market size for retail inventory management software has seen rapid growth. It is projected to expand from $8.37 billion in 2024 to $9.45 billion in 2025, marking a compound annual growth rate (CAGR) of 12.9%. This surge can be traced back to the rise in the number of e-commerce retailers, globalization of supply chains, escalated customer expectations, competitive pressures, market distinction and growing complexity of products.

Expectations are high for the retail inventory management software market, as it is projected to see significant expansion in the coming years, reaching $15.22 billion by 2029 with a compound annual growth rate (CAGR) of 12.7%. This anticipated growth during the forecasting period is largely due to the transition to cloud-based solutions, a greater focus on inventory visibility, the need for real-time data, and the increased popularity of omnichannel retailing. Future trends to watch during this forecast period include the incorporation of advanced analytics and artificial intelligence (AI), better integration capabilities, a focus on sustainability and eco-friendly practices, mobile accessibility, and the integration of the Internet of Things (IoT).

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

1) By Type: Manually Managed Inventory Systems, Barcode Scanning Systems, Advanced Radio Frequency Systems (RFID)
2) By Deployment: On-Demand, On-Premise
3) By Pricing: Subscription, One-Time Payment
4) By Application: Order Management, Asset Tracking, Service Management, Product Differentiation, Inventory Optimization
5) By End-User: Traditional Retailers, Off-Price Retailers

Subsegments:
1) By Manually Managed Inventory Systems: Spreadsheet-Based Systems, Basic Inventory Software, Barcode Scanning Systems
2) By Barcode Scanning Systems: Handheld Barcode Scanners, Fixed Barcode Scanners, Mobile Barcode Scanners
3) By Advanced Radio Frequency Systems (RFID): Passive RFID Systems, Active RFID Systems, Semi-Passive RFID Systems

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What Are The Driving Retail Inventory Management Software Market Evolution?
The rise of e-commerce is projected to fuel the advancement of the retail inventory management software market in the future. E-commerce is essentially a business model that operates online, enabling the transaction of goods and services over the internet. The surge in e-commerce growth can be attributed to increasing internet accessibility and the evolving consumer inclination towards getting their shopping done online. Retail inventory management software is simplifying stock monitoring, order processing, and inventory alignment on e-commerce platforms, thereby ensuring smooth operations and customer contentment. For example, the United States Census Bureau, a government agency in the U.S., reported e-commerce sales hitting $1,118.7 billion in 2023, up by 7.6% from 2022 in February 2024. Hence, the blossoming of e-commerce is a key factor propelling the retail inventory management software market's evolution.

Which Firms Dominate The Retail Inventory Management Software Market Segments?
Major companies operating in the retail inventory management software market are Microsoft Corporation, IBM Corporation, Oracle Corporation, SAP SE, Infosys Limited, Square Inc., Dassault Systèmes, Sage Group plc, Lawson Software, Epicor Software Corporation, Zoho Corporation, Manhattan Associates, Lightspeed Retail, Kinaxis Inc., Kewill Systems, Retalix Ltd., BluJay Solutions, Retail Pro International, Logility Inc., Brightpearl Limited, Wasp Barcode Technologies, InFlow Inventory Software, HighJump, Fishbowl, Aldata Software Management Inc., Ordoro

What Trends Are Driving Growth in The Retail Inventory Management Software Market?
Leading businesses in the retail inventory management software market are sharpening their competitive edge by prioritizing the development of innovative products like ItemOptix. This next-generation inventory management software, which leverages radio-frequency identification technology, enhances inventory visibility, mitigates instances of stock-outs, and boosts operational efficiency for retailers, thus improving shoppers' experience. For example, in December 2023, the US-based software firm, Checkpoint Systems, unveiled its novel RFID inventory management software, ItemOptix for Retail. This software empowers retailers to manage their inventory from production to purchase efficiently. Featuring self-service functionalities, the software simplifies initial setup and ongoing system maintenance. The existence of standard REST APIs in the software further enables smooth and fast integration in different processes. Such streamlined deployment offers users an elevated degree of control over inventory management, ensuring a frictionless experience.

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Which Is The Largest Region In The Retail Inventory Management Software Market?
North America was the largest region in the retail 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 retail inventory management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

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