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Inventory Management Software Market Share, Trend & Growth Forecast to 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.

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Inventory Management Software Market Share, Trend & Growth Forecast to 2032

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  1. Inventory Management Software Market Share, Trend & Growth Forecast to 2032

  2. 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.

  3. 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.

  4. 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

  5. Inventory Management Software Market @ https://www.gminsights.com/industry-analysis/inventory-management-software-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2364 Request for customization: https://www.gminsights.com/roc/2364

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