Published on : Aug 21, 2018
Albany, New York, August 21, 2018: Market Research Hub (MRH) has updated its research catalog by adding a fresh study titled “Global Inventory Management Software in Retail Market Size, Status and Forecast 2018-2025” to its vast archive. The research study examines the potential of this market at the global as well as the regional level. Further, it offers a comprehensive assessment of inventory management software market to readers by examining the trends, driving forces, restraints, and opportunities and the impact of these factors on the demand for this software between 2018 and 2025.
Nowadays, inventory management software is an important part of keeping inventory costs down while simultaneously meeting all regulations. Initially, the research starts by present a brief introduction of inventory management software along with its key market segments. Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. The major benefits include improved efficiency, reduced expenses, improved data, warehouse organization, and ability to monitor trends. Presently, companies use inventory management software to avoid product overstock and outages. According to the research projections, the global Inventory Management Software in Retail market is expected to grow at an impressive CAGR during 2018-2025.
The above findings have been presented in a vital section of the report which comprises qualitative analysis of the overall inventory management software market considering the factors determining the market dynamics along with Porter’s five force analysis. For the benefit of the readers, the report provides a complete perspective on the market’s growth on the basis of revenue in US$ Mn, covering different regions/countries namely Europe, United States, China, Southeast Asia, Central and South America, India and Japan. Moreover, the research has been classified on the basis of type and application. By type, the study covers cloud deployed inventory management software and on-premises inventory management software. On the basis of application, the study covers traditional retailers and off-price retailers. Based on this research proposes, readers can gain insights about various marketing strategies applied by leading players in various regions of the inventory management software market.
It has been further analyzed that tracking inventory in real time is very important for startups and SMBs. Not only can business owners track and collect data but also generate reports. At the same time, entrepreneurs can access cloud-based inventory data from a wide range of internet-enabled devices, including smartphones, tablets, laptops, as well as traditional desktop PCs. Cloud-based solutions also eliminate the need to hire a large IT workforce, therefore it has higher demand in the market. Better retailing decision coupled with low operation cost is the chief factor attributing to the growth of the inventory management software management in forthcoming years.
As the report concludes, readers are offered information about the competitive landscape, which details about the various players active in the market. They are IBM, Epicor Software, Manhattan Associates, SAP, Retalix, Microsoft, Descartes Systems, JDA Software, Aldata Software Management, Oracle, and Lawson.
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