Global Inventory Management Software Market To Post A CAGR Of 8.7% Over 2017-2021

Date: 2017-08-23

Inventory management software is a computer-based system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production related documents.

Technological advances lead to the internet becoming and the surge in adoption of smart handsets driving the growth of the e-commerce industry, which will result in impacting the demand of inventory management software, according to research, the global inventory management software market is expected to post a CAGR of 8.7% over 2017-2021.

On the basis of application in the retail sector, Inventory management software can be segmented into On-premises sale, and Cloud base, according to research, the On-premises sale still dominates the Inventory management software market, the on-premises market segment accounted for about 68% of the total market share and dominated the inventory system software market. However, the Cloud base sale for e-commerce is expected to grow at the highest CAGR over the forecast period as total cost of the cloud services is much low

Geographically, in the retail sector, the North America will account for major revenue shares of the global inventory management system software market. This mainly attributes to the fact that the market in this region is driven by the strong presence of global retailers who are in the need for effective inventory management solutions.

However, in the e-commerce market, the Asia Pacific accounted for the largest market and is expected to register a highest CAGR during the forecast, the rapid growth of emerging economies in Asia, China, which is the most booming digital world, others countries India, Japan, Korea are likely to help the Asia Pacific Inventory Management Software market in the coming years. 

Global top manufacturers operating in Inventory Management Software market are Epicor, Oracle, SAP, Microsoft, JDA Software, Netsuite, Sage Inventory Advisor, Fishbowl, Inflow, Accellos, Aldata Software Management, Descrates, GTNexus, IBM, IBS, Kewill Systems, Kinaxis, Lawson Software, Logility, Manhattan Associatesamong others.

Global Inventory Management Software market share by geography as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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