Published on : May 29, 2017
Albany, New York, May 29, 2017: A better solution to inventory management is to find software that is affordable and robust enough for small and midsize businesses to stay with for many hours. With the advent of inventory management software, organizations have the ability to track all aspects of their inventory with an ease. Market Research Hub (MRH) has recently announced the addition of a new study to its vast repository which is, titled “Global Inventory Management Software Market Size, Status and Forecast 2022” offers a wide-ranging analysis of this market by examining its past performance, key trends and growth prospects.
Inventory management is the process of efficiently overseeing the constant flow of units into and out of an existing inventory. To optimize inventory management, top companies incorporate their inventory software directly with back-office and accounting systems. Inventory management software consists of business applications that track, manage and organize product sales, material purchases and other production processes. By using the inventory management software, businesses reduce the time and efforts put into basic tracking and instead focus on analyzing, finding and reducing inefficiencies in their model. Most inventory management software solutions offer features that contain order management, asset tracking, service management and product identification.
To explore the global trends and development status of the market, the report focuses on some of the key regions, such as United States, Japan, EU, India, China and Southeast Asia. For each region, the report also contains a descriptive analysis of revenue, growth rate and market size for the forecast period of 2017 to 2022. Moreover, a section covering the market dynamics including drivers and restraints for the inventory management software market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market.
The research further segments the market on the basis of type and application. By types, it covers
- On-Premise Inventory Management Software
- Cloud Inventory Management Software
On the other hand, the market has been further segmented into small and medium-sized enterprises and large enterprise. As per the research findings, the high demand for the software for inventory management among retailers and enterprises has intensified the competition among vendors. Also, the coming years will also witness the established vendors acquiring smaller vendors to expand their product portfolio and to increase their share of the market. Growing demand from emerging market and potential application are also outlined.
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The next section of the report covers the detailed competitive landscape of the market in which top players active in this market are highlighted. As per the research study, Zoho, NetSuite, Xero, Orderhive, TradeGecko, Megaventory, IntelliTrack, TapHunter and Contalog are the key players across the world.
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