06-Feb-2020 | Facts and Factors
Facts and Factors has authored “Inventory Management Software Market By Product (Advanced Radio Frequency System, Barcode Scanning System, and Manually Managed Inventory System), By Deployment (Cloud and On-Premise), By Application (Service Management, Asset Tracking, Order Management, Inventory Optimization, and Product Differentiation), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026”. Based on our analysis, the global inventory management software market in 2019 is approximately USD 2,310 Million and is anticipated to reach around USD 3,600 Million by 2026. The anticipated CAGR for the inventory management software market is above 6% from 2020 to 2026.
The advantage of using inventory management software is that it aids in easy tracking of orders, deliverables, and to maintain and check appropriate inventory levels. Other benefits of utilizing the software particularly by the manufacturing sector are it simplifies the billing of the materials, work order creation, and other documents associated with the production. Asset tracking is one of the benefits offered by the inventory management software. As the products in the warehouse are provided with serial numbers or barcodes, with the help of the software assets are tracked by using the RFID technology.
Browse the full “Inventory Management Software Market By Product (Advanced Radio Frequency System, Barcode Scanning System, and Manually Managed Inventory System), By Deployment (Cloud and On-Premise), By Application (Service Management, Asset Tracking, Order Management, Inventory Optimization, and Product Differentiation), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026” report at https://www.fnfresearch.com/global-inventory-management-software-market-by-product-advanced
Market highlights in the Report
Digitalization in the Asia Pacific region fuels inventory management software market
Growing initiatives by the government to develop digitization has developed numerous growth opportunities for retailers in the region. The majority of the retailers are focusing to shift their focus on online platforms for product sales. The Indian government has launched various programs to promote digitalization such as “Digital India” to improve their online infrastructure. In the first 9 months of 2017, the campaign received investments worth USD 7.4 Billion as compared to USD 4.5 Billion in 2016. In the Asia Pacific, the countries that are considered to be lucrative for the market players are India and China. Advancing sales by e-commerce have gradually increased the demand for the inventory management software market.
The major list of industry players involved in the inventory management software market include Oracle, Kornyk Computer Solutions International, Inc. (KCSI), TradeGecko Pte. Ltd., Fishbowl, Brightpearl , monday.com (Dapulse, Ordoro, Alterity, Inc. (Acctivate), SAP, Zoho, Handifox (Tecom Group, Inc.), Megaventory Inc., Veeqo Ltd., eTurns Incorporation, Dear Systems, SkuVault, Manhattan Associates, Sage, Intuit, Microsoft, Wasp Barcode, Stitch Labs, and Orderhive.
This report segments the inventory management software market as follows:
Global Inventory Management Software Market: Product Segment Analysis
Global Inventory Management Software Market: Deployment Segment Analysis
Global Inventory Management Software Market: Application Segment Analysis
Global Inventory Management Software Market: Regional Segment Analysis
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