Retail Inventory Management Software Market Synopsis:
According to Market Research Future (MRFR)’s assessment report, the global retail inventory management software market is set to exhibit considerable growth at a decent CAGR over the forecast period 2017 to 2023. The growth of the market is in line with the drastic rise in the inflow and outflow of inventory. The strengthening economic condition witnessed across the globe is backing the growth of the retail sector by enhancing purchasing power. This, in turn, is projected to favor the expansion of the retail inventory management software market in the years to come.
The growth of the e-commerce sector is another major factor responsible for the expansion of the Retail Inventory Management Software Market over the next couple of years. The expansion of the online retail industry has necessitated the adoption of advanced technologies for real-time inventory management. It enables the redesigning of the consumer journey by providing personalized solutions. Thus, the future trajectory of the retail inventory management software market is set to witness a high rate of adoption in the upcoming years.
The deployment of inventory management software in the retail industry assures cost reduction in conjunction with minimum or no wastage. It enhances operational efficiency which is likely to drive the growth of the retail inventory management software market over the next couple of years. Also, the rising demand for centralized inventory management process is expected to boost the growth trajectory of the market.
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Competitive Dashboard:
The important participants of the retail inventory management software market profiled in this MRFR report are Epicor Software Corporation (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Netsuite (U.S.), JDA Software (U.S.), Fishbowl (U.S.), IBM Corporation (U.S.), Totvs S.A (Brazil), inFlow Inventory Software (Canada), Retalix Ltd (Israel), and Quintiq (Netherlands).
Other key players participating in the competitive landscape are Sage Group plc (U.K), Lawson Software (U.S.), Accellos (U.S.), Servigistics (U.S.), Aldata Software Management Inc (Canada), BluJay Solutions. (U.S.), Kewill Systems (U.S.), Manhattan Associates (U.S.), and GTNexus (U.S.),
Market Segmentation:
- On the basis of deployment, the global retail inventory management software market has been segmented into on-demand and on-premise.
- On the basis of end-user, the retail inventory management software market has been segmented into traditional retailers and off-price retailers.
Regional Analysis:
The global retail inventory management software market, by region, has been segmented into four regions- North America, Europe, Asia Pacific, and the Rest of the world (RoW). Among these, North America holds the maximum share of the market owing to its technical brilliance. The region experiences a competitive advantage due to the presence of several market leaders in the region such as Oracle, Microsoft, Netsuite, etc. Asia Pacific signifies strong potential for growth as it is witnessing massive economic developments since the last few years.
The developing economic condition of the region is supporting the expansion of the retail industry, thus, augmenting the retail inventory management software market. Also, the rapid developments and rising adoption of cloud-based technologies are expected to drive the growth of the regional market in the years to come.
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Industry News:
In April 2019, International Business Machines (IBM) Corporation, an American multinational information technology company, has announced its current project ‘Smart Mirror’ which is designed to tie up with offline retailers and help them improvise inventory management. The product will be deployed first at fashion retail Vero Moda.
In April 2019, Google, an American technology company, has announced the launch of ‘Cloud for Retail’ platform which is aimed at helping retailers in real-time inventory management.
In April 2019, Alternate Health Corp., a pioneer in technology solutions for the regulated cannabis industry, has announced the introduction of Metrc Track-and-Trace system for a comprehensive seed-to-sale inventory management system.
Intended Audience:
- Technology Integrators
- Software Developers
- Research Organizations
- OEM
- Supply Chain Implementers
- Technology Investors
- Testing
- Government Agencies
- Third Party Developers
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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List of Tables
Table1 World Population by Major Regions (2017 To 2030)
Table2 Global Retail Inventory Management Software Market: By Region, 2017-2023
Table3 North America Retail Inventory Management Software Market: By Country, 2017-2023
Continued….
List of Figures
Figure 1 Global Retail Inventory Management Software Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Retail Inventory Management Software Market
Continued….
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