Retail Inventory Management Software Market Size, Research, Analysis

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Global Retail Inventory Management Software
Market to Grow at a CAGR of 14 During 2022
2031 on the Account of Growing E-commerce
Retailers Kenneth Research published a report
titled Retail Inventory Management Software
Market Global Demand Analysis Opportunity
Outlook 2031 which delivers detailed overview
of the global retail inventory management
software market in terms of market segmentation
by type, application, organization size,
deployment model, end users, and by
region. Further, for the in-depth analysis, the
report encompasses the industry growth
indicators, restraints, supply and demand risk,
along with detailed discussion on current and
future market trends that are associated with the
growth of the market. The global retail inventory
management software market generated an
approximate revenue figure of USD 1300 million
in the year 2021 and is estimated grow at a CAGR
of 14 over the forecast period, i.e., 2022
2031. On the basis of end users, the market is
segmented into manufacturing, healthcare, retail,
automotive, oil gas, and others. The
manufacturing segment, out of all the segments,
is anticipated to grow at a notable CAGR during
the forecast period on the back of increasing
requirement for fast and reliable production
process in the manufacturing units. Retail
inventory management software is a type of
enterprise resource planning (ERP) solution that
retailers use to track products in order to
manage the flow of stock from suppliers and
warehouses and monitor the reordering or
restocking of products. The growth of the market
can be attributed to the increasing e-commerce
retailers, growing need for inventory
management, and growing demand for omnichannel
shopping experience.
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On the basis of region, the global retail
inventory management software market is
segmented into five major regions including North
America, Europe, Asia Pacific, Latin America,
and Middle East Africa region. Among these
regions, the Asia Pacific region is estimated to
show notable growth in the global retail
inventory management software market over the
forecast period. Major factors driving the
market's growth in the Asia Pacific region
include the objective to minimize supply chain
inefficiencies and growing demand for
radio-frequency identification (RFID)
technology. The research is global in nature and
covers detailed analysis on the market in North
America (U.S., Canada), Europe (U.K., Germany,
France, Italy, Spain, Hungary, Belgium,
Netherlands Luxembourg, NORDIC Finland,
Sweden, Norway, Denmark, Poland, Turkey,
Russia, Rest of Europe), Latin America (Brazil,
Mexico, Argentina, Rest of Latin America),
Asia-Pacific (China, India, Japan, South Korea,
Indonesia, Singapore, Malaysia, Australia, New
Zealand, Rest of Asia-Pacific), Middle East and
Africa (Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South Africa,
Rest of Middle East and Africa). In addition,
analysis comprising market size, Y-O-Y growth
opportunity analysis, market players competitive
study, investment opportunities, demand for
future outlook etc. has also been covered and
displayed in the research report.
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Request sample report https//www.kennethresearch
.com/sample- request-10154389 Growing
Requirement for RFID Technology to Accelerate the
Growth of Global Retail Inventory Management
Software Market Radio-frequency identification
(RFID) consists of tiny radio transponder, a
radio receiver, and a transmitter. RFID uses
electromagnetic fields for the identification and
tracking of tags attached to the product.
According to the U.S Department of Commerce, in
the year 2019, e-commerce sales accounted to
10.7 of total retail sales and 33.3 of total
merchant wholesale. The growing use and rising
demand for RFID technology is anticipated to
drive the growth of global retail inventory
management software market. However, high
investment cost, lack of awareness about software
among consumers, and insufficient supply of
inventory are expected to operate as key
restraint to the growth of global retail
inventory management software market over the
forecast period. This report also provides the
existing competitive scenario of some of the key
players of the global retail inventory
management software market which includes company
profiling Oracle, Dassault Systemes, TOTVS,
Personica, Microsoft, Intuit Inc., Wasp Barcode
Technologies, Manhattan Associates, Brightpearl,
and Megaventory Inc., among others. The
profiling enfolds key information of the
companies which encompasses business overview,
products and services, key financials and recent
news and developments. On the whole, the report
depicts detailed overview of the global retail
inventory management software market that will
help industry consultants, equipment
manufacturers, existing players searching for
expansion opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request sample report https//www.kenneth
research.com/sample- request-10154389 Kenneth
Research is a leading service provider for
strategic market research and consulting. We aim
to provide unbiased, unparalleled market insights
and industry
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analysis to help industries, conglomerates and
executives to take wise decisions for their
future marketing strategy, expansion and
investment etc. We believe every business can
expand to its new horizon, provided a right
guidance at a right time is available through
strategic minds. Our out of box thinking helps
our clients to take wise decision in order to
avoid future uncertainties. Contact for more
Info AJ Daniel Email sales_at_kennethresearch.com
U.S. Phone [phone]