Market Overview:
The global retail 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 and on-premises retail inventory software solutions by large enterprises and SMEs across the globe. North America is expected to hold the largest share of the global retail inventory software market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Retail inventory software is used to manage the stock of goods in a retail setting. It allows retailers to track what items they have in stock, how much of each item they have, and when items are due to expire. This information can help retailers make better decisions about what products to order and when to order them. Retail inventory software can also help retailers identify which products are selling well and which ones are not.
Cloud-based:
Cloud-based software is a type of inventory management software that provides real-time supply chain visibility. It helps retailers to manage their inventories effectively and efficiently by providing them with the tools to track, control and optimize their inventory flow. Cloud-based solutions are gaining popularity among end users owing to its benefits such as flexibility, cost effectiveness, ease of use and rapid deployment.
On-premises:
On-premises software is a type of inventory management software that is installed and used on the end user's computers or servers. The end users can access the data from remote locations in real-time. On-premise software solutions are gaining popularity due to their benefits such as easy integration with POS systems, no internet connection required for installation, and low cost of ownership compared to cloud based solutions.
Application Insights:
The large enterprises segment dominated the global retail inventory software market in 2017. This can be attributed to factors such as extensive IT infrastructure, high number of employees and complex product portfolio. The large enterprises segment is expected to retain its dominance over the forecast period owing to aforementioned factors.
The SMEs segment accounted for a considerable share of the global revenue in 2017 due to increasing penetration of e-commerce and rapid growth of online retailing activities across countries, including India, China and Australia. Furthermore, growing penetration of mobile applications for e-commerce shopping is also driving demand for inventory management systems among small businesses owners globally.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of small & medium enterprises in China and India, which are adopting GRIS software for inventory management. In addition, rising investments by foreign players such as Oracle Corporation and IBM Corporation in developing countries of APAC are expected to drive demand for GRIS software over the forecast period.
North America held a significant share in 2016 owing to presence of prominent players such as SAP SE; Oracle Corporation; Microsoft Corporation; and IBM Corp., among others. These companies have been consistently investing in research & development activities, which has resulted into high adoption rate of latest technologies across various industries within North America region. Moreover, growing trend towards implementation of cloud-based inventory software is further propelling growth within North American regional market space. For instance, Walmart Inc.; Kroger Co.; AutoZone Inc.; OfficeMax Inc.
Growth Factors:
- Increasing demand for retail inventory software from small and medium-sized businesses (SMBs) due to the advantages it offers over traditional methods such as pen and paper or spreadsheets.
- The growing trend of online shopping has led to retailers needing more sophisticated inventory management software in order to keep up with the demand and fulfil orders quickly.
- Retailers are increasingly using RFID technology to manage their inventory, which requires specialised software that can handle these types of scans/readings.
- The continued advancement of mobile technologies is resulting in more retailers wanting mobile-friendly inventory management software so they can keep track of their stock while on the go.
- Growing awareness of the benefits that retail inventory management software can offer, such as reducing stockouts, improving customer service levels, and increasing profits, is helping to drive market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Retail Inventory Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Large Enterpries, SMEs
By Companies
Shopify, Square, MINDBODY, Lightspeed, Oracle, Fishbowl, Cin7, Odoo, Phorest, Traxia, talech, PHP, Toast POS, Epos Now, Route4Me, Vend, Salon Iris, Loyvers, EZRentOut
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Retail Inventory Software Market Report Segments:
The global Retail Inventory Software market is segmented on the basis of:
Types
Cloud-based, On-premises
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
Large Enterpries, SMEs
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:
- Shopify
- Square
- MINDBODY
- Lightspeed
- Oracle
- Fishbowl
- Cin7
- Odoo
- Phorest
- Traxia
- talech
- PHP
- Toast POS
- Epos Now
- Route4Me
- Vend
- Salon Iris
- Loyvers
- EZRentOut
Highlights of The Retail 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
- On-premises
- By Application:
- Large Enterpries
- SMEs
- 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 Retail 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.
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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?
Retail inventory software is a computer program that helps retailers keep track of their inventory levels. It can help identify when an item is out of stock, and it can also help the retailer decide which items to order from suppliers.
Some of the major companies in the retail inventory software market are Shopify, Square, MINDBODY, Lightspeed, Oracle, Fishbowl, Cin7, Odoo, Phorest, Traxia, talech, PHP, Toast POS, Epos Now, Route4Me, Vend, Salon Iris, Loyvers, EZRentOut.
The retail inventory software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Retail 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 Retail Inventory Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Retail 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 Retail 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 Retail Inventory Software Market Size & Forecast, 2018-2028 4.5.1 Retail Inventory Software Market Size and Y-o-Y Growth 4.5.2 Retail Inventory Software Market Absolute $ Opportunity
Chapter 5 Global Retail 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 Retail Inventory Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Retail 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 Retail Inventory Software Market Size Forecast by Applications
6.2.1 Large Enterpries
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Retail 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 Retail 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 Retail Inventory Software Analysis and Forecast
9.1 Introduction
9.2 North America Retail 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 Retail Inventory Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
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 Retail Inventory Software Market Size Forecast by Applications
9.10.1 Large Enterpries
9.10.2 SMEs
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 Retail Inventory Software Analysis and Forecast
10.1 Introduction
10.2 Europe Retail 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 Retail Inventory Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
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 Retail Inventory Software Market Size Forecast by Applications
10.10.1 Large Enterpries
10.10.2 SMEs
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 Retail Inventory Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Retail 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 Retail Inventory Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
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 Retail Inventory Software Market Size Forecast by Applications
11.10.1 Large Enterpries
11.10.2 SMEs
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 Retail Inventory Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Retail 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 Retail Inventory Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
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 Retail Inventory Software Market Size Forecast by Applications
12.10.1 Large Enterpries
12.10.2 SMEs
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) Retail Inventory Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Retail 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) Retail Inventory Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
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) Retail Inventory Software Market Size Forecast by Applications
13.10.1 Large Enterpries
13.10.2 SMEs
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 Retail Inventory Software Market: Competitive Dashboard
14.2 Global Retail Inventory Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shopify
14.3.2 Square
14.3.3 MINDBODY
14.3.4 Lightspeed
14.3.5 Oracle
14.3.6 Fishbowl
14.3.7 Cin7
14.3.8 Odoo
14.3.9 Phorest
14.3.10 Traxia
14.3.11 talech
14.3.12 PHP
14.3.13 Toast POS
14.3.14 Epos Now
14.3.15 Route4Me
14.3.16 Vend
14.3.17 Salon Iris
14.3.18 Loyvers
14.3.19 EZRentOut