Market Overview:
The global inventory 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 software and on-premise inventory software. The factory segment is expected to be the fastest growing segment during the forecast period, owing to the increasing adoption of automation in factories and warehouses. North America is expected to be the largest regional market for inventory software during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Inventory software is a type of program used by businesses to manage their stock. This type of software can help track inventory levels, keep records of what has been sold and what needs to be ordered, and create reports on stock movement. Inventory software can also help identify products that are selling well or poorly so businesses can make changes in their product lines as needed.
Cloud-Based Inventory Software:
Cloud-based inventory software is a type of inventory management software that provides features such as real-time supply chain visibility, enhanced warehouse efficiency and faster order processing. Cloud based inventory solutions are hosted offsite and can be accessed by any authorized user from any location. The cloud based system offers various benefits to the users such as reduced IT overhead costs, increased warehouse capacity, streamlined order fulfillment process along with hassle free data maintenance & security.
On-Premise Inventory Software:
On-premise inventory software is used to track the inventory in real-time. It helps businesses to manage their inventories effectively and efficiently by providing a platform for collaboration, automation, and intelligence across all aspects of the supply chain. The on-premise software solutions help businesses to reduce costs related to storage & distribution as well as theft & loss. Moreover, it also helps them in gaining full control over their business data which can be accessed from any location at any time.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is anticipated to witness significant growth over the forecast period. The wholesale and retail company is expected to be one of the prominent users of inventory management software as it helps in reducing excess stock, thereby saving costs on storage, transportation & warehousing. It also provides a real-time view of product availability at different stores thus helping retailers optimize their operations.
Inventory software has become an essential tool for manufacturers as it offers a digital version of their production floor that can be used by potential buyers from various industries such as automotive, aerospace and defense among others. The use of cloud-based inventory software allows companies to scale up their operations without having to invest heavily on hardware or infrastructure development since all the data are stored remotely via internet with access from anywhere in the world. This has led many manufacturers across various industries worldwide including pharmaceuticals, consumer goods etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to rising adoption of inventory management systems by manufacturers in North America, especially after they entered into e-commerce businesses and started receiving shipments from different vendors. Furthermore, growing retail industry and increasing online shopping are also driving growth of this regional market for inventory software.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rise in number of small & medium enterprises (SMEs) that use these systems for tracking products within their warehouses or supply chain networks across countries such as China, Japan, India among others. In addition, rapid expansion of e-commerce sector has led many retailers including Flipkart Online Pvt Ltd., Amazon India Pvt Ltd., Grofers India Pvt Ltd.
Growth Factors:
- Increasing demand for inventory software from small and medium-sized businesses (SMBs) due to the growing complexities of managing inventory
- Proliferation of cloud-based inventory software, which is making the software more accessible and affordable for businesses of all sizes
- The increasing use of mobile devices in business operations, which is driving demand for Inventory Software that can be used on smartphones and tablets
- The growing trend towards just-in-time (JIT) inventory management, which is requiring businesses to have more sophisticated and accurate tracking systems in place
- The increasing popularity of ecommerce, which is putting pressure on businesses to have tighter control over their stock levels in order to meet customer demands
Scope Of The Report
Report Attributes
Report Details
Report Title
Inventory Software Market Research Report
By Type
Cloud-Based Inventory Software, On-Premise Inventory Software
By Application
Factory, Wholesale and Retail Company, Others
By Companies
Deskera Inventory, NetSuite, Brightpearl, Dapulse, TradeGecko, Zoho Inventory, InFlow Inventory Software, Wasp Barcode Technologies, Orderhive, SAP, KCSI, The Answer Company, Clear Spider, TrackVia
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Inventory Software Market Report Segments:
The global Inventory Software market is segmented on the basis of:
Types
Cloud-Based Inventory Software, On-Premise Inventory Software
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
Factory, Wholesale and Retail Company, 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:
- Deskera Inventory
- NetSuite
- Brightpearl
- Dapulse
- TradeGecko
- Zoho Inventory
- InFlow Inventory Software
- Wasp Barcode Technologies
- Orderhive
- SAP
- KCSI
- The Answer Company
- Clear Spider
- TrackVia
Highlights of The Inventory 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:
- Cloud-Based Inventory Software
- On-Premise Inventory Software
- By Application:
- Factory
- Wholesale and Retail Company
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 software is a computer program that helps businesses manage their inventory. It allows businesses to track the quantity and location of items in their inventory, and to make decisions about what to buy and how much to buy.
Some of the major players in the inventory software market are Deskera Inventory, NetSuite, Brightpearl, Dapulse, TradeGecko, Zoho Inventory, InFlow Inventory Software, Wasp Barcode Technologies, Orderhive, SAP, KCSI, The Answer Company, Clear Spider, TrackVia.
The inventory 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 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 Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inventory 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 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 Software Market Size & Forecast, 2018-2028
4.5.1 Inventory Software Market Size and Y-o-Y Growth
4.5.2 Inventory Software Market Absolute $ Opportunity
Chapter 5 Global Inventory 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 Software Market Size Forecast by Type
5.2.1 Cloud-Based Inventory Software
5.2.2 On-Premise Inventory Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Inventory 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 Software Market Size Forecast by Applications
6.2.1 Factory
6.2.2 Wholesale and Retail Company
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inventory 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 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 Software Analysis and Forecast
9.1 Introduction
9.2 North America Inventory 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 Software Market Size Forecast by Type
9.6.1 Cloud-Based Inventory Software
9.6.2 On-Premise Inventory Software
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 Software Market Size Forecast by Applications
9.10.1 Factory
9.10.2 Wholesale and Retail Company
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 Software Analysis and Forecast
10.1 Introduction
10.2 Europe Inventory 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 Software Market Size Forecast by Type
10.6.1 Cloud-Based Inventory Software
10.6.2 On-Premise Inventory Software
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 Software Market Size Forecast by Applications
10.10.1 Factory
10.10.2 Wholesale and Retail Company
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 Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Inventory 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 Software Market Size Forecast by Type
11.6.1 Cloud-Based Inventory Software
11.6.2 On-Premise Inventory Software
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 Software Market Size Forecast by Applications
11.10.1 Factory
11.10.2 Wholesale and Retail Company
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 Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Inventory 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 Software Market Size Forecast by Type
12.6.1 Cloud-Based Inventory Software
12.6.2 On-Premise Inventory Software
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 Software Market Size Forecast by Applications
12.10.1 Factory
12.10.2 Wholesale and Retail Company
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 Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Inventory 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 Software Market Size Forecast by Type
13.6.1 Cloud-Based Inventory Software
13.6.2 On-Premise Inventory Software
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 Software Market Size Forecast by Applications
13.10.1 Factory
13.10.2 Wholesale and Retail Company
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 Software Market: Competitive Dashboard
14.2 Global Inventory Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Deskera Inventory
14.3.2 NetSuite
14.3.3 Brightpearl
14.3.4 Dapulse
14.3.5 TradeGecko
14.3.6 Zoho Inventory
14.3.7 InFlow Inventory Software
14.3.8 Wasp Barcode Technologies
14.3.9 Orderhive
14.3.10 SAP
14.3.11 KCSI
14.3.12 The Answer Company
14.3.13 Clear Spider
14.3.14 TrackVia
