Inventory Management Software Market 2019 | Demand and Scope with Outlook, Business Strategies, Challenges and Forecasts to 2023 by Leading Key Players

Inventory management software is a software 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. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.
Based on deployment type, cloud-based inventory management software is leading the market, with over 70% market share in 2017, which will keep growing. The software is used in many industries, especially for retail, manufacturing and healthcare industry, as companies in these industries are often dealing with large amounts of physical products. Based on business size, SMEs are the major customer of inventory management software, with around 74% market share.

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North America is expected to dominate the inventory management software market owing to increasing need for synchronize real-time inventory data management, with about 44.18% market share in 2017. Further countries such as U.S and Canada is anticipated to witness increase in demand for inventory management software market. Europe has acquired the second largest market share and is expected to show a decent growth in the inventory management software market. Asia Pacific region is expected to show significant growth during the forecast period. There are various new entrants in India and China that are developing the related software for inventory management.
Over the next five years, projects that Inventory Management Software will register a 9.0% CAGR in terms of revenue, reach US$ 3310 million by 2023, from US$ 1970 million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Inventory Management Software market by product type, application, key companies and key regions.

To calculate the market size, considers value generated from the sales of the following segments:

Segmentation by product type:
Cloud-based
On-premise

Segmentation by application: 
SMEs
For Large Businesses

We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Monday.com
TradeGecko
Zoho Inventory
InFlow Inventory Software
Wasp Barcode Technologies
Orderhive
SAP
KCSI
Oracle
Clear Spider
TrackVia
JDA Software
Epicor
NetSuite
Fishbowl
Sage

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Inventory Management Software market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Inventory Management Software market by identifying its various subsegments.
Focuses on the key global Inventory Management Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Inventory Management Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Inventory Management Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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