Inventory Management Software

Global Inventory Management Software Market to Reach US$4.0 Billion by 2030

The global market for Inventory Management Software estimated at US$2.2 Billion in the year 2024, is expected to reach US$4.0 Billion by 2030, growing at a CAGR of 10.7% over the analysis period 2024-2030. Software, one of the segments analyzed in the report, is expected to record a 9.8% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Services segment is estimated at 12.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$837.8 Million While China is Forecast to Grow at 15.0% CAGR

The Inventory Management Software market in the U.S. is estimated at US$837.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$503.1 Million by the year 2030 trailing a CAGR of 15.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.9% and 9.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.0% CAGR.

Global Inventory Management Software Market - Key Trends & Drivers Summarized

Inventory management software is a critical tool for businesses to efficiently track, manage, and control their inventory levels. This software provides real-time visibility into stock levels, orders, sales, and deliveries, helping businesses avoid overstocking and stockouts. It integrates with various systems such as point-of-sale (POS), accounting, and warehouse management to streamline operations and enhance accuracy. By automating inventory processes, this software reduces manual errors, saves time, and improves overall operational efficiency. Businesses ranging from small retailers to large enterprises use inventory management software to optimize their supply chain and improve customer satisfaction.

Modern inventory management software leverages advanced technologies like artificial intelligence (AI), machine learning, and the Internet of Things (IoT) to provide sophisticated features. AI and machine learning algorithms analyze historical data to forecast demand accurately, helping businesses make informed decisions about purchasing and stock levels. IoT devices, such as RFID tags and sensors, offer real-time tracking and monitoring of inventory, enhancing transparency and traceability. Cloud-based inventory management solutions are also gaining popularity due to their scalability, accessibility, and lower upfront costs, enabling businesses to manage their inventory from anywhere at any time.

The growth in the inventory management software market is driven by several factors. Firstly, the increasing complexity of supply chains and the need for real-time inventory visibility are significant drivers. Secondly, the adoption of advanced technologies such as AI, machine learning, and IoT is enhancing the capabilities of inventory management systems. Thirdly, the rise of e-commerce and omnichannel retailing is boosting the demand for efficient inventory management solutions to handle the growing volume of online orders. Additionally, the need to reduce operational costs and improve efficiency is encouraging businesses to invest in automated inventory management tools. Furthermore, the trend towards digital transformation and cloud-based solutions is making inventory management software more accessible to small and medium-sized enterprises (SMEs). Lastly, regulatory requirements for accurate inventory reporting and compliance are also driving the adoption of inventory management software.

SCOPE OF STUDY:

The report analyzes the Inventory Management Software market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Software, Services); Deployment (On-Premise, Cloud); End-Use (Manufacturing, Consumer Goods & Retail, Automotive, Oil & Gas, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 119 Featured) -

• Archon Systems, Inc.
• Blue Yonder Group, Inc.
• Brightpearl Ltd.
• Clear Spider
• Erply Ltd.
• Fishbowl
• Körber AG
• IBM Corporation
• Infor, Inc.
• Kinaxis Inc.
• Lightspeed POS, Inc.
• Microsoft Corporation
• NCR Corporation
• Oracle Corporation
• Revel Systems, Inc.
• Sage Group PLC
• SAP SE
• Wasp Barcode Technologies
• Zebra Corporation
• Zoho Corporation Pvt. Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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