Title: Inventory Management Software Market Trends, Analysis & Forecast, 2032
1Inventory Management Software Market Share, Trend
Growth Forecast to 2032
2- As per a recent research report, Inventory
Management Software Market to surpass USD 6 Bn by
2032. - Inventory Management Software Market is
anticipated to grow through 2032 owing to its
capability of empowering users to track the
complete asset lifecycle from procurement to
retirement. In addition, inventory management
software offers several benefits, such as
improved visibility, fewer errors and
discrepancies, fewer stockouts, efficient
operations, reliable inventory planning and
forecasting, and the ability to add new sales
channels easily. - Besides, with constantly increasing investments
in the manufacturing sector, the firms are
adopting inventory management software to improve
production planning, enable multi-channel
integration, and gain more visibility of profits
and margins in line with reducing operational
costs.
3- Considering the type, the manually managed
inventory system segment held over 30 market
share in 2022. Since manually managed inventory
systems process simple computations related to
inventory management, and complex calculations
depend largely on the formulas entered by users,
they are being increasingly adopted by small
businesses. - Based on application, the asset tracking
application segment is anticipated to witness
considerable growth through 2032, as it helps
improve asset inventory accuracy while reducing
asset auditing efforts. Asset tracking also helps
in cost savings owing to unnecessary equipment
losses, labor costs, and subsequent duplicate
purchases. - By organization size, the SME segment held over
60 market share in 2022. SMEs can leverage
modern inventory management software to
streamline their storage and distribution
operations and gain a competitive advantage,
which will augment the market demand during the
next decade.
4North America inventory management software
industry was valued at over USD 1 billion in 2022
and is anticipated to register notable gains
through 2032. The regional growth can be
attributed to the increasing popularity of
omnichannel retailing and the rapidly expanding
e-commerce industry. As per reports, the total
sales from the e-commerce section in the USA was
USD 959.5 billion in 2021, which increased by
18.3 from 2020's sales volume of USD 811.6
billion.
- Zoho Corporation Private Limited, Wasp Barcode
Technologies, SkuVault (Marlin Equity Partners),
SAP SE, Revel Systems, Oracle Corporation,
Microsoft Corporation, Manhattan Associates,
Intuit Inc., Fishbowl Inventory (Diversis
Capital), Archon Systems Inc
5Inventory Management Software Market _at_
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tory-management-software-market
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