Retail Inventory Management Software Market Application, Growth Rate, Future and Forecast 2020-2030

Market Highlights

The global retail inventory management software market is expected to grow rapidly through the forecast period. The growth of e-commerce industry, need for asset tracking in inventory with the help of mobile devices, and centralization of inventory data among various verticals are promoting the growth for the market.

The Retail Inventory Management Software (RIMS) Market was estimated to be valued at a market sum of USD 1,528.3 Million during the historic forecast period and hence, the market is projected to reach USD 3.12 Billion by the end of the current forecast period in 2030 recording a global market CAGR of around 12.09%

Key players

Some of the key players in the global retail inventory management software market are Epicor Software Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), JDA Software (U.S.), Netsuite (U.S.), Fishbowl (U.S.), inFlow Inventory Software (Canada), IBM Corporation (U.S.), Totvs S.A (Brazil), Retalix Ltd (Israel), and Quintiq (Netherlands), among others.

Other vendors include Sage Group plc (U.K), Logility, Inc (U.S.), Lawson Software (U.S.), Aldata Software Management Inc (Canada), Accellos (U.S.), BluJay Solutions. (U.S.), Kinaxis (Canada), Kewill Systems (U.S.), Manhattan Associates (U.S.), Servigistics (U.S.), and GTNexus (U.S.), among others.

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Market Segmentation

Based on the deployment, the market has been segmented as follows:

• On-demand
• On-premise

Based on the end-user, the market has been segmented as follows:

• Traditional Retailers
• Off-price Retailers

Based on the type, the market has been segmented as follows:  

• Manually Managed Inventory Systems
• Barcode Scanning Systems
• Advanced Radio Frequency Systems (RFID)

Based on the application, the market has been segmented as follows:

• Order Management
• Asset Tracking
• Service Management
• Product Differentiation
• Inventory Optimization

Based on the region, the market has been segmented as follows:

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the world (ROW)

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Regional Analysis

On the basis of geography, the market is studied for North America, Europe, Asia Pacific, and Rest of the World. Among these regions, the market is majorly dominated by North America, at present, due to higher concentration of inventory management companies in countries, such as the United States and Canada.

Europe has acquired the second largest market share and is expected to show a decent growth in the retail inventory management software market. However, the Asia Pacific region is expected to show the highest CAGR during the forecast period. There are various new entrants in India and China that are developing the related software for inventory management. Furthermore, the retail industry in Asia Pacific is booming, which is driving the growth of market in Asia Pacific region.

Article source: https://article-realm.com/article/Finance/41374-Retail-Inventory-Management-Software-Market-Application-Growth-Rate-Future-and-Forecast-2020-2030.html