Inventory Management Software Market Trends, Analysis & Forecast, 2032

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Inventory Management Software Market Share, Trend
Growth Forecast to 2032
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• Industry Insights

• As per a recent research report, Inventory
  Management Software Market to surpass USD 6 Bn by
  2032.
• Inventory Management Software Market is
  anticipated to grow through 2032 owing to its
  capability of empowering users to track the
  complete asset lifecycle from procurement to
  retirement. In addition, inventory management
  software offers several benefits, such as
  improved visibility, fewer errors and
  discrepancies, fewer stockouts, efficient
  operations, reliable inventory planning and
  forecasting, and the ability to add new sales
  channels easily.
• Besides, with constantly increasing investments
  in the manufacturing sector, the firms are
  adopting inventory management software to improve
  production planning, enable multi-channel
  integration, and gain more visibility of profits
  and margins in line with reducing operational
  costs.

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• Considering the type, the manually managed
  inventory system segment held over 30 market
  share in 2022. Since manually managed inventory
  systems process simple computations related to
  inventory management, and complex calculations
  depend largely on the formulas entered by users,
  they are being increasingly adopted by small
  businesses.
• Based on application, the asset tracking
  application segment is anticipated to witness
  considerable growth through 2032, as it helps
  improve asset inventory accuracy while reducing
  asset auditing efforts. Asset tracking also helps
  in cost savings owing to unnecessary equipment
  losses, labor costs, and subsequent duplicate
  purchases.
• By organization size, the SME segment held over
  60 market share in 2022. SMEs can leverage
  modern inventory management software to
  streamline their storage and distribution
  operations and gain a competitive advantage,
  which will augment the market demand during the
  next decade.

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• Regional Analysis

North America inventory management software
industry was valued at over USD 1 billion in 2022
and is anticipated to register notable gains
through 2032. The regional growth can be
attributed to the increasing popularity of
omnichannel retailing and the rapidly expanding
e-commerce industry. As per reports, the total
sales from the e-commerce section in the USA was
USD 959.5 billion in 2021, which increased by
18.3 from 2020's sales volume of USD 811.6
billion.

• Competitive Analysis

• Zoho Corporation Private Limited, Wasp Barcode
  Technologies, SkuVault (Marlin Equity Partners),
  SAP SE, Revel Systems, Oracle Corporation,
  Microsoft Corporation, Manhattan Associates,
  Intuit Inc., Fishbowl Inventory (Diversis
  Capital), Archon Systems Inc

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