Retail inventory management software consists of tools helpful for tracking, managing, and organizing material flow, including the time required for the end-product to leave the warehouse. Market Research Future (MRFR) has published a research report about the global retail inventory management software market that predicts growth for this market between 2017 and 2023.
The pivotal factor aiding the global retail inventory management software market growth is the need for maintaining transparency across supply chain activities and easy tracking of warehouse inventory. Other factors leading to market growth include increased usage of barcode scanners, mobile devices, radio frequency identification (RFID) tags, and other wireless technologies.
The global Retail Inventory Management Software Market has been segmented on the basis of deployment, end-user, and lastly, region. As per the deployment-based segmentation, this market has been segmented into on-demand and on-premise. Based on end users, the market has been segmented into traditional retailers and off-price retailers.
The regional segmentation of the global retail inventory management software market has segmented the global market into regional markets known as North America, Europe, Asia Pacific, and rest of the world (RoW).
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Major Key Players:
The key players in the global retail inventory management software market include Accellos (USA), Aldata Software Management Inc (Canada), BluJay Solutions. (USA), Epicor Software Corporation (USA), Fishbowl (USA), GTNexus (USA), IBM Corporation (USA), inFlow Inventory Software (Canada), JDA Software (USA), Kewill Systems (USA), Kinaxis (Canada), Lawson Software (USA), Logility Inc (USA), Manhattan Associates (USA), Microsoft Corporation (USA), Netsuite (USA), Oracle Corporation (USA), Quintiq (Netherlands), Retalix Ltd (Israel), Sage Group plc (UK), SAP SE (Germany), Servigistics (USA), and Totvs S.A (Brazil).
North America is the largest regional market. In this region, the market is growing due to the technological advancement, investment on softwares, the growth of the online retail sector, the presence of major market players, and the adoption of inventory management software. In North America, the popular country-specific markets are the United States of America (USA), Canada, and Mexico.
During the forecast period, Europe is another eminent regional market that has been estimated to witness remarkable growth. In this region, the market is growing due to the reasons same as North America. The most important country-specific markets in this region are France, Germany, and the United Kingdom (UK).
During the forecast period, the Asia Pacific region is expected to emerge as the fastest growing regional market. In this region, the market is growing due to the adoption of cloud-based solutions across organizations and the need for asset tracking. In this region, the crucial country-specific markets are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
The RoW segment covers countries of Latin America and the Middle East & Africa (MEA). In Latin America, Argentina and Brazil are two strong economies that can be suitable markets in the future. The MEA market is small due to poor countries, lack of awareness, lack of education, and lack of technological advancement.