Market Overview:
The global inventory control software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based inventory control software and the growing trend of BYOD (Bring Your Own Device). Additionally, the increasing adoption of RFID technology is also contributing to the growth of this market. However, lack of awareness about inventory control software and its benefits may restrain the growth of this market during the forecast period. On-premise inventory control software held a major share in 2017 and is expected to continue its dominance during the forecast period. This can be attributed to its advantages such as low cost and easy customization as per business requirements.
Product Definition:
Inventory Control Software is a computerized system used in business to track the inventory of products and materials. The software allows businesses to keep tabs on what they have in stock, how much it costs, and when it needs to be replaced. Inventory Control Software is important because it helps businesses manage their resources efficiently, ensuring that they always have enough stock on hand while preventing any overstock or shortage.
On-premise:
On-premise software is a type of inventory control software that is installed and used on the end user's computers or servers. The end-users can be an individual business or an organization. On-premise software solutions are gaining popularity as they provide better data security than cloud solutions, have lower costs for maintenance & support, and offer more flexibility in terms of customization options.
Cloud-based:
Cloud-based software is a type of inventory control software that uses the internet as its data source. The cloud-based system has three main components: an internet connection, a computer, and an application. The computers used in cloud-based systems are generally laptops or personal computers and can be owned by individuals or businesses. Cloud based software provides real time supply chain visibility with reduced labor cost and inventory loss due to automatic updating of records which increases customer satisfaction level leading to higher revenue generation.
Application Insights:
The enterprise application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the extensive usage of software by enterprises to manage their inventory across various channels with ease. The individual application segment is expected to witness a significant CAGR during the forecast period owing to its rising adoption among small and medium-sized businesses (SMBs). SMBs are increasingly adopting cloud-based solutions as they can be managed from anywhere, thus driving demand. Furthermore, increasing penetration of smartphones has led many SMBs to adopt mobile applications for inventory management, which is further anticipated to drive demand over the next few years.
The others application segment includes retail stores and e-commerce platforms that deal with physical products such as furniture and electronics; these industries traditionally lack IT infrastructure resulting in high adoption rates of online inventory control systems among retailers/e-commerce platforms.
Regional Analysis:
North America dominated the global market in 2017. North America has a well-established inventory management software industry, which is expected to continue over the forecast period. The U.S., in particular, has a large number of small and medium enterprises (SMEs) that use inventory control software to manage their inventories effectively and efficiently.
Asia Pacific is expected to emerge as the fastest-growing regional market from 2018 to 2030 owing to increasing demand from electronics manufacturers based out of China and India on account of rising automation across these countries.
Growth Factors:
- Increasing demand for inventory control software from small and medium-sized businesses (SMBs) due to the growing complexities in managing inventory
- The advent of cloud-based Inventory Control Software, which allows users to manage their inventory from any location and at any time
- The increasing popularity of RFID technology, which helps track and manage inventory more efficiently
- Growing demand for Inventory Control Software from the retail sector as retailers seek to streamline their operations and improve stock management
- Rising awareness about the benefits of using Inventory Control Software among businesses, which is helping fuel market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Inventory Control Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Individual, Enterprise, Others
By Companies
Webgility, Zoho, TradeGecko, Kintone, Multiorders, ShipMonk, AccountingSuite, EZOfficeInventory, RFgen Software, Finale Inventory, Fishbowl, Alterity, Stitch Labs, Unleashed Software, Megaventory
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Inventory Control Software Market Report Segments:
The global Inventory Control Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Webgility
- Zoho
- TradeGecko
- Kintone
- Multiorders
- ShipMonk
- AccountingSuite
- EZOfficeInventory
- RFgen Software
- Finale Inventory
- Fishbowl
- Alterity
- Stitch Labs
- Unleashed Software
- Megaventory
Highlights of The Inventory Control Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud-based
- By Application:
- Individual
- Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inventory Control Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Inventory control software is a computer program that helps businesses manage their inventory. It can help businesses track the quantity and type of items in their inventory, as well as the cost of those items. Inventory control software can also help businesses plan for future needs by estimating how much product they will need based on past sales data.
Some of the major companies in the inventory control software market are Webgility, Zoho, TradeGecko, Kintone, Multiorders, ShipMonk, AccountingSuite, EZOfficeInventory, RFgen Software, Finale Inventory, Fishbowl, Alterity, Stitch Labs, Unleashed Software, Megaventory.
The inventory control software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inventory Control Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Inventory Control Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inventory Control Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Inventory Control Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Inventory Control Software Market Size & Forecast, 2018-2028
4.5.1 Inventory Control Software Market Size and Y-o-Y Growth
4.5.2 Inventory Control Software Market Absolute $ Opportunity
Chapter 5 Global Inventory Control Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Inventory Control Software Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inventory Control Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Inventory Control Software Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inventory Control Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inventory Control Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Inventory Control Software Analysis and Forecast
9.1 Introduction
9.2 North America Inventory Control Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Inventory Control Software Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Inventory Control Software Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Inventory Control Software Analysis and Forecast
10.1 Introduction
10.2 Europe Inventory Control Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Inventory Control Software Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Inventory Control Software Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Inventory Control Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inventory Control Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Inventory Control Software Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Inventory Control Software Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Inventory Control Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Inventory Control Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Inventory Control Software Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Inventory Control Software Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Inventory Control Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inventory Control Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Inventory Control Software Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Inventory Control Software Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inventory Control Software Market: Competitive Dashboard
14.2 Global Inventory Control Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Webgility
14.3.2 Zoho
14.3.3 TradeGecko
14.3.4 Kintone
14.3.5 Multiorders
14.3.6 ShipMonk
14.3.7 AccountingSuite
14.3.8 EZOfficeInventory
14.3.9 RFgen Software
14.3.10 Finale Inventory
14.3.11 Fishbowl
14.3.12 Alterity
14.3.13 Stitch Labs
14.3.14 Unleashed Software
14.3.15 Megaventory
