An Incisive, In-depth Analysis on the Inventory Management Software Market
This study offers a comprehensive, 360 degree analysis on the Inventory Management Software market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Inventory Management Software market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Inventory management software, as considered under the scope of the report, is used by various industries for supply chain management. Increasing emphasis on Omni-channel systems is fuelling the growth of the global inventory management software market.
The global inventory management software market is estimated to be valued at US$ 908.0 Mn by the end of 2017, and is expected to expand in the coming years at a CAGR of 12.40% in terms of value over the forecast period. The global inventory management software market is expected to represent a high incremental opportunity between 2018 and 2028.
On the basis of industry, the global inventory management software market can be segmented into consumer goods & retail, manufacturing, automotive, oil & gas and others. The manufacturing sector is expected to account for a sizable share of the overall inventory management software market by the end of the forecast period. In the consumer goods & retail sector, vendors are focusing on providing data-driven technologies to help retailers synchronise their online and offline inventory. Moreover, the oil & gas industry is adopting inventory management solutions to track the exports of natural gas and maintain coal reserves. The automotive industry in the inventory management software market is also gaining traction. Other sectors, such as pharmaceutical, 3PL, transport and BFSI, are expected to adopt inventory management software during the forecast period. On the basis of deployment, the market is categorised on the basis of inventory management software deployed as software-as-a-service and inventory management software deployed on premise.
The growth of the inventory management software market is predominantly driven by the adoption of advanced technologies in the developing economies of South East Asia & Others of APAC, Middle East & Africa and China.
The North America inventory management software market holds a major value share in the global market and is likely to maintain its dominance in the global inventory management software market over the forecast period. The inventory management software market in the region is projected to represent a significant incremental opportunity between 2018 and 2028. Increase in the need for efficient supply chain management is expected to support the growth of the North America inventory management software market during the forecast period.
Inventory management solutions provide the real-time visibility of supply and demand through which a user can be aware of inventory updates. Inventory management software provides users features such as the reservation of a quantity of an item from an available inventory. It also provides inventory segmentation options to fulfil the requirements of privileged customers. In case of inventory segmentation, the software helps manage a portion of inventory that helps ease the supply chain process. These advantages have encouraged retail and manufacturing companies across developing regions such as SEA & Others of APAC and China to adopt inventory management software for gaining operational efficiency and productivity in their warehouse management operations. The SEA and Others of APAC region is expected to present attractive opportunities for inventory management software manufacturers followed by China. The inventory management software market in SEA and Others of APAC is estimated to expand at a significant CAGR in terms of value over the forecast period. The sales of inventory management software in Western Europe market is projected to represent a total incremental opportunity of US$ 261.61 Mn, while the MEA inventory management software market is also expected to witness significant growth.
Vendors in the inventory management software market are now focusing on the integration of inventory management software with advanced technologies, such as Big Data Analytics and IoT, to manage large amounts of structured & unstructured data generated by them. Examples of some of the inventory management software market vendors in this study of the global inventory management software market include Oracle Corporation, IBM Corporation, SAP SE, Zebra Corporation, Kinaxis Inc., Infor Inc., Zoho Corporation, SAGE Group Plc, Brightpearl Ltd. and DEAR Systems.
In July 2018, Oracle Corporation launched a new store inventory operations cloud service. This solution will help customers view inventory by size, colour and other key attributes.
In January 2017, OneView Commerce, a provider of digital store transformation, integrated its inventory management solution with IBM's Watson Commerce Insights. Through this integration, users will be able to get real-time analytics about inventory operations.
In January 2018, Infor launched a next-generation Supply Chain Management (SCM) solution to help companies gain real-time visibility and control over their global supply chain. This new solution is integrated with advanced technologies, such as predictive ETAs, real-time visibility and 3D visualisation of warehouse flow, which can help store holders to efficiently manage inventory.
Future Market Insights (FMI) offers a 10-year forecast for the global inventory management software market between 2018 and 2028. In terms of value, the inventory management software market is expected to register a high CAGR during the forecast period. This study demonstrates the inventory management software market dynamics and trends globally across eight regions: North America, Latin America, Western Europe, Eastern Europe, SEA and Others of APAC, Japan, China and MEA, which influence the current nature and future status of the inventory management software market over the forecast period.
This research report provides a detailed analysis of the inventory management software market and offers insights about the various factors driving the popularity of inventory management software and its features. The report includes an extensive analysis of key industry drivers, restraints, inventory management software market trends and market structure. The inventory management software market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the inventory management software market based on component, deployment and industry across different regions globally.
The inventory management software market is expected to witness moderate revenue growth during the forecast period owing to an increase in emphasis on Omni-channel systems and the integration of inventory management software technology with IoT and Big Data platforms for real-time data access. The report starts with an overview of the inventory management software market in terms of value. In addition, this section includes an analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the inventory management software market.
On the basis of the component, the inventory management software market is segmented into software and services. On the basis of deployment, the inventory management software market is segmented into SaaS (Software-As-A-Service) and on premise. On the basis of industry, the inventory management software market is segmented into consumer goods & retail, manufacturing, automotive, oil & gas and others. A detailed analysis has been provided for every segment in terms of market size analysis for the inventory management software market across different regions. This section provides a detailed analysis that covers the key trends.
The next section consists of a detailed analysis of the inventory management software market across various countries in the region. It provides a market outlook for 2018–2028 and sets the forecast within the context of the inventory management software market, to include the latest technological developments as well as offerings in the inventory management software market. This study discusses key trends within countries that contribute to the growth of the inventory management software market as well as analyses degrees at which drivers are influencing the inventory management software market in each region. Key regions and countries assessed in this report include North America (the U.S. and Canada), Latin America (Brazil, Mexico and the Rest of Latin America), Western Europe (Germany , France, UK, Italy, Spain, Benelux and the Rest of Western Europe), Eastern Europe (Russia, Poland and Rest of Eastern Europe), SEA and others of APAC (India, Australia & New Zealand, ASEAN and the Rest of APAC), Japan, China and MEA (GCC Countries, Turkey, South Africa, North Africa and the Rest of MEA). This report evaluates the present scenario and the growth prospects of the Inventory Management Software market across various regions globally for the period 2018 –2028. We have considered 2017 as the base year and provided data for the remaining 12 months.
To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the inventory management software market will grow in the future. Given the characteristics of the inventory management software market, we have triangulated the outcome of different types of analysis based on the technology trends. As previously highlighted, the global inventory management software market is split into a number of segments. All segments in terms of component, deployments, industry and different regions are analysed in terms of basis points to understand an individual segment’s relative contribution to the growth of the inventory management software market. This detailed information is important for the identification of various key trends of the global inventory management software market.
In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global inventory management software market.
In the final section of the report, we include a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the inventory management software portfolio and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the inventory management software supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and their success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the inventory management software market.
Key Segments Covered:
Inventory Management Software Tags
- Low Frequency(LF)
- High Frequency(HF)
- Ultra-High Frequency (UHF)
- Microwave Frequency
- Ultra Wideband (UWB)
- Inventory Management Software Readers
- Inventory Management Software and Middleware
- Inventory Management Software Tags
- Logistics and Transportation
- Aerospace and Defence
- Retail and Consumer Goods
Key Regions covered
- Rest of Latin America
- Rest of Western Europe
- Rest of Eastern Europe
SEA and other of APAC
- Australia & New Zealand
- Rest of APAC
- GCC Countries
- South Africa
- North Africa
- Rest of MEA
- Zebra Technologies Corporation
- HID Global Corporation\
- Thin Film Electronics ASA
- Invengo Information Technology Co., Ltd.
- GAO Inventory Management Software Inc.
- Impinj, Inc.
- Xerox Corporation
- Omni-ID, Ltd.
- Alien Technology
- Molex Inc.