Inventory Management Software Market to witness 6% CAGR till 2024 - PowerPoint PPT Presentation

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Inventory Management Software Market to witness 6% CAGR till 2024

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Request Sample of Report @ The retail sector is expected to dominate the inventory management software market throughout the forecast period and secure a market share of over 40% by 2024. With the advent of e-commerce, the growth in the retail sector has been impressive due to the advantages of economies of scale and business expansion across the B2C (Business to Customer) and B2B (Business to Business) levels. Also, due to the increasing retail shrinkage levels in SMBs as well as large organizations in the sector, the need for effective inventory management systems is being increasingly recognized by retailers around the world. – PowerPoint PPT presentation

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Title: Inventory Management Software Market to witness 6% CAGR till 2024


1
Inventory Management Software Market to reach USD
3 billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Inventory Management Software
Market
  • Inventory Management Software Market was
    estimated at over USD 2 billion in 2017, and is
    set to exceed USD 3 billion by 2024 according to
    a new research report by Global Market Insights,
    Inc. The inventory management software market
    growth is attributed to the rapidly growing
    global e-commerce landscape, retailers
    emphasizing on offering omnichannel shopping
    experience to their customers, and the increasing
    manufacturing output due to the adoption of
    Industrial IoT (IIoT).
  • Inadequate supply of inventory may grind
    manufacturing operations into a halt. On the
    other hand, the excessive supply of inventory can
    cripple an organizations cash flow and pose a
    threat to its liquidity position. Either way,
    inefficient inventory management in manufacturing
    organizations can create serious challenges for
    the productivity of the companies. Hence, the
    demand for robust inventory management solutions
    in the manufacturing sector is expected to
    increase consistently over the forecast timeline.

3
Continued...
  • The advanced radio frequency system (RFID)
    segment in inventory management software market
    is projected to register an accelerated growth
    during the forecast timeline with an impressive
    CAGR of around 11. The technology allows supply
    chain managers to identify individual products
    and components and to track the movement of the
    inventory throughout the supply chain right from
    the manufacturing unit to the point-of-sale. The
    systems are used for ensuring stock security,
    quality control, and for the prevention of
    over-stocking or under-stocking of products.
  • The inventory optimization application is
    anticipated to exhibit a lucrative growth at a
    CAGR of over 9 between 2018 and 2024. Inventory
    management systems enable effective inventory
    optimization by allowing organizations to reduce
    inventory by a considerable percentage to free up
    working capital from unnecessary inventory
    buffers. This also facilitates reduced inventory
    carrying costs and increased customer service
    performance.

4
North America Inventory Management Software
Market Share, By Type, 2017 2024 (USD Million)

5

Browse Full Market Research Report On Inventory
Management Software Market _at_ https//bit.ly/2EKMGb
G Request for a Sample of this Research
Report _at_ https//bit.ly/2xU12Vs
6
Continued...
  • The cloud model is projected to acquire a
    inventory management software market share of
    over 35 by 2024. The market growth is
    characterized by increasing awareness regarding
    the benefits of scalability, flexibility, and
    enhanced security offered by cloud platforms.
    SMBs can save significant costs on capital
    investments by opting for cloud-based inventory
    management software without the need for
    procuring dedicated hardware and software
    resources. Also, cloud providers offer
    pay-as-you-go services to their customers,
    allowing them to scale their usage of inventory
    management systems dynamically with respect to
    the changing market demands.
  • The large organization market is projected to
    register an impressive growth over the forecast
    timeline with a CAGR of over 8. Large
    enterprises invest significant resources in
    inventory management systems to ensure
    uninterrupted supply of inventory throughout the
    supply chain for avoiding any production or
    distribution losses. The solutions enable such
    businesses with large volumes of inventory to
    efficiently track the products at every stage.

7
Continued...
  • Asia Pacific inventory management software market
    is projected to register an excellent growth with
    a CAGR of around 10 between 2018 and 2024. This
    growth can be attributed to a rapidly evolving
    e-commerce ecosystem along with heavy investments
    from venture capitalists to leverage the growing
    demand for online marketplaces. In 2017-2018, the
    retail shrinkage as a percentage of sales in the
    Asia Pacific region was estimated at around
    1.75, amounting to nearly USD 24 billion. To
    tackle the growing concerns related to the
    inventory shrinkage, the uptake of inventory
    management software in the region is expected to
    grow consistently over the forecast timeline.
  • Some of the key players operating in the
    inventory management software market are Ordoro,
    Fishbowl, Zoho, Oracle, Microsoft, SAP, Stitch
    Labs, Dapulse (Monday.com), Dearinventory,
    Brightperal, TradeGecko, Orderhive, Handifox,
    Veeqo, SkuVault, Megaventory, Wasp Barcode
    Technologies, Acctivate, Sage, Manhattan
    Associates, and KCSI.

8
Industry Coverage

9
Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope 1.1.5. Definition 1.1.6.
Methodology and forecast parameters 1.2. Data
Sources 1.2.1. Primary 1.2.2. Secondary 1.2.2.1.
Paid sources 1.2.2.2. Public sources Chapter
2. Executive Summary 2.1. Inventory management
software industry 360º synopsis, 2014 -
2024 2.1.1. Region trends 2.1.2. Type
trends 2.1.3. Application trends 2.1.4.
Deployment model trends 2.1.5. Organization trends
10
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