The North America Inventory Management Software Market would witness market growth of 10.4% CAGR during the forecast period (2023-2030).
One of the primary uses of IMS is real-time inventory tracking. Businesses can monitor stock levels, track movement, and receive instant updates on inventory changes. This feature is crucial for preventing stockouts, backorders, and overstock situations. IMS utilizes advanced algorithms and historical data to predict future demand. Efficient order processing is a key component of inventory management. IMS automates order fulfillment processes, reducing the time and effort required for manual handling. This results in quicker order turnaround times and improved customer satisfaction. IMS facilitates effective supplier relationship management by providing insights into supplier performance, lead times, and pricing.
The shift towards cloud-based IMS is a notable trend in the market. Cloud solutions offer scalability, accessibility, and cost-effectiveness, allowing businesses to access their inventory data anywhere. The integration of IMS with Internet of Things (IoT) devices is gaining traction. This enables real-time inventory monitoring through sensors and connected devices, providing granular visibility into the supply chain. IoT integration enhances data accuracy and facilitates proactive decision-making. These technologies enable predictive analytics, helping businesses anticipate demand patterns, identify trends, and make informed decisions for inventory optimization.
As per the International Trade Administration, the US automotive industry is one of the world's largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the world's second-largest vehicle sales and production region. According to Autos Drive America, global automakers produced 5 million vehicles in the United States in 2020. IMS provides the tools to manage inventory levels, track product availability, and synchronize data across various online sales channels in Mexico. The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. In 2020, women made up 51% of Mexican eCommerce users. The factors mentioned above will drive the regional market growth.
The US market dominated the North America Inventory Management Software Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,156.6 million by 2030. The Canada market is experiencing a CAGR of 12.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2023 - 2030).
Based on Enterprise Type, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Deployment, the market is segmented into On-premises, and Cloud. Based on End-use, the market is segmented into Manufacturing, Retail & Consumer Goods, Automotive, Energy & Utilities, Healthcare, and Others. Based on Application, the market is segmented into Inventory Control & Tracking, Order Management, Asset Management, Scanning & Barcoding, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Inventory Management Software Market is Predict to reach $4.7 Billion by 2030, at a CAGR of 11.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zoho Corporation Pvt. Ltd., IBM Corporation, Oracle Corporation, Lightspeed Commerce Inc., CIN7 Limited, Linnworks, Intuit Inc., Acumatica, Inc., Fishbowl Inventory and Brightpearl (Sage Group plc).
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Type
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Deployment
By End-use
- Manufacturing
- Retail & Consumer Goods
- Automotive
- Energy & Utilities
- Healthcare
- Others
By Application
- Inventory Control & Tracking
- Order Management
- Asset Management
- Scanning & Barcoding
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Zoho Corporation Pvt. Ltd.
- IBM Corporation
- Oracle Corporation
- Lightspeed Commerce Inc.
- CIN7 Limited
- Linnworks
- Intuit Inc.
- Acumatica, Inc.
- Fishbowl Inventory
- Brightpearl (Sage Group plc)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Inventory Management Software Market, by Enterprise Type
1.4.2 North America Inventory Management Software Market, by Deployment
1.4.3 North America Inventory Management Software Market, by End-use
1.4.4 North America Inventory Management Software Market, by Application
1.4.5 North America Inventory Management Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Mergers & Acquisition: 2020, May – 2023, Oct) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Inventory Management Software Market by Enterprise Type
5.1 North America Large Enterprises Market by Region
5.2 North America Small & Medium Enterprises (SMEs) Market by Region
Chapter 6. North America Inventory Management Software Market by Deployment
6.1 North America On-premises Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Inventory Management Software Market by End-use
7.1 North America Manufacturing Market by Country
7.2 North America Retail & Consumer Goods Market by Country
7.3 North America Automotive Market by Country
7.4 North America Energy & Utilities Market by Country
7.5 North America Healthcare Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Inventory Management Software Market by Application
8.1 North America Inventory Control & Tracking Market by Country
8.2 North America Order Management Market by Country
8.3 North America Asset Management Market by Country
8.4 North America Scanning & Barcoding Market by Country
8.5 North America Others Market by Country
Chapter 9. North America Inventory Management Software Market by Country
9.1 US Inventory Management Software Market
9.1.1 US Inventory Management Software Market by Enterprise Type
9.1.2 US Inventory Management Software Market by Deployment
9.1.3 US Inventory Management Software Market by End-use
9.1.4 US Inventory Management Software Market by Application
9.2 Canada Inventory Management Software Market
9.2.1 Canada Inventory Management Software Market by Enterprise Type
9.2.2 Canada Inventory Management Software Market by Deployment
9.2.3 Canada Inventory Management Software Market by End-use
9.2.4 Canada Inventory Management Software Market by Application
9.3 Mexico Inventory Management Software Market
9.3.1 Mexico Inventory Management Software Market by Enterprise Type
9.3.2 Mexico Inventory Management Software Market by Deployment
9.3.3 Mexico Inventory Management Software Market by End-use
9.3.4 Mexico Inventory Management Software Market by Application
9.4 Rest of North America Inventory Management Software Market
9.4.1 Rest of North America Inventory Management Software Market by Enterprise Type
9.4.2 Rest of North America Inventory Management Software Market by Deployment
9.4.3 Rest of North America Inventory Management Software Market by End-use
9.4.4 Rest of North America Inventory Management Software Market by Application
Chapter 10. Company Profiles
10.1 Zoho Corporation Pvt. Ltd.
10.1.1 Company Overview
10.1.2 SWOT Analysis
10.2 IBM Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional & Segmental Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.5.3 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Oracle Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Lightspeed Commerce Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.5.2 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 CIN7 Limited
10.5.1 Company Overview
10.5.2 Recent strategies and developments:
10.5.2.1 Acquisition and Mergers:
10.5.3 SWOT Analysis
10.6 Linnworks
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Acquisition and Mergers:
10.6.3 SWOT Analysis
10.7 Intuit, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Acumatica, Inc.
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 Fishbowl Inventory
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Acquisition and Mergers:
10.9.3 SWOT Analysis
10.10. Brightpearl (Sage Group plc)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Acquisition and Mergers:
10.10.6 SWOT Analysis
TABLE 1 North America Inventory Management Software Market, 2019 - 2022, USD Million
TABLE 2 North America Inventory Management Software Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Inventory Management Software Market
TABLE 4 Product Launches And Product Expansions– Inventory Management Software Market
TABLE 5 Acquisition and Mergers– Inventory Management Software Market
TABLE 6 North America Inventory Management Software Market by Enterprise Type, 2019 - 2022, USD Million
TABLE 7 North America Inventory Management Software Market by Enterprise Type, 2023 - 2030, USD Million
TABLE 8 North America Large Enterprises Market by Region, 2019 - 2022, USD Million
TABLE 9 North America Large Enterprises Market by Region, 2023 - 2030, USD Million
TABLE 10 North America Small & Medium Enterprises (SMEs) Market by Region, 2019 - 2022, USD Million
TABLE 11 North America Small & Medium Enterprises (SMEs) Market by Region, 2023 - 2030, USD Million
TABLE 12 North America Inventory Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 13 North America Inventory Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 14 North America On-premises Market by Country, 2019 - 2022, USD Million
TABLE 15 North America On-premises Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Cloud Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Inventory Management Software Market by End-use, 2019 - 2022, USD Million
TABLE 19 North America Inventory Management Software Market by End-use, 2023 - 2030, USD Million
TABLE 20 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Retail & Consumer Goods Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Retail & Consumer Goods Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Energy & Utilities Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Inventory Management Software Market by Application, 2019 - 2022, USD Million
TABLE 33 North America Inventory Management Software Market by Application, 2023 - 2030, USD Million
TABLE 34 North America Inventory Control & Tracking Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Inventory Control & Tracking Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Order Management Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Order Management Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Asset Management Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Asset Management Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Scanning & Barcoding Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Scanning & Barcoding Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Inventory Management Software Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Inventory Management Software Market by Country, 2023 - 2030, USD Million
TABLE 46 US Inventory Management Software Market, 2019 - 2022, USD Million
TABLE 47 US Inventory Management Software Market, 2023 - 2030, USD Million
TABLE 48 US Inventory Management Software Market by Enterprise Type, 2019 - 2022, USD Million
TABLE 49 US Inventory Management Software Market by Enterprise Type, 2023 - 2030, USD Million
TABLE 50 US Inventory Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 51 US Inventory Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 52 US Inventory Management Software Market by End-use, 2019 - 2022, USD Million
TABLE 53 US Inventory Management Software Market by End-use, 2023 - 2030, USD Million
TABLE 54 US Inventory Management Software Market by Application, 2019 - 2022, USD Million
TABLE 55 US Inventory Management Software Market by Application, 2023 - 2030, USD Million
TABLE 56 Canada Inventory Management Software Market, 2019 - 2022, USD Million
TABLE 57 Canada Inventory Management Software Market, 2023 - 2030, USD Million
TABLE 58 Canada Inventory Management Software Market by Enterprise Type, 2019 - 2022, USD Million
TABLE 59 Canada Inventory Management Software Market by Enterprise Type, 2023 - 2030, USD Million
TABLE 60 Canada Inventory Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 61 Canada Inventory Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 62 Canada Inventory Management Software Market by End-use, 2019 - 2022, USD Million
TABLE 63 Canada Inventory Management Software Market by End-use, 2023 - 2030, USD Million
TABLE 64 Canada Inventory Management Software Market by Application, 2019 - 2022, USD Million
TABLE 65 Canada Inventory Management Software Market by Application, 2023 - 2030, USD Million
TABLE 66 Mexico Inventory Management Software Market, 2019 - 2022, USD Million
TABLE 67 Mexico Inventory Management Software Market, 2023 - 2030, USD Million
TABLE 68 Mexico Inventory Management Software Market by Enterprise Type, 2019 - 2022, USD Million
TABLE 69 Mexico Inventory Management Software Market by Enterprise Type, 2023 - 2030, USD Million
TABLE 70 Mexico Inventory Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 71 Mexico Inventory Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 72 Mexico Inventory Management Software Market by End-use, 2019 - 2022, USD Million
TABLE 73 Mexico Inventory Management Software Market by End-use, 2023 - 2030, USD Million
TABLE 74 Mexico Inventory Management Software Market by Application, 2019 - 2022, USD Million
TABLE 75 Mexico Inventory Management Software Market by Application, 2023 - 2030, USD Million
TABLE 76 Rest of North America Inventory Management Software Market, 2019 - 2022, USD Million
TABLE 77 Rest of North America Inventory Management Software Market, 2023 - 2030, USD Million
TABLE 78 Rest of North America Inventory Management Software Market by Enterprise Type, 2019 - 2022, USD Million
TABLE 79 Rest of North America Inventory Management Software Market by Enterprise Type, 2023 - 2030, USD Million
TABLE 80 Rest of North America Inventory Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 81 Rest of North America Inventory Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 82 Rest of North America Inventory Management Software Market by End-use, 2019 - 2022, USD Million
TABLE 83 Rest of North America Inventory Management Software Market by End-use, 2023 - 2030, USD Million
TABLE 84 Rest of North America Inventory Management Software Market by Application, 2019 - 2022, USD Million
TABLE 85 Rest of North America Inventory Management Software Market by Application, 2023 - 2030, USD Million
TABLE 86 Key Information – Zoho Corporation Pvt. Ltd.
TABLE 87 Key Information – IBM Corporation
TABLE 88 Key Information – Oracle Corporation
TABLE 89 Key Information – Lightspeed Commerce Inc.
TABLE 90 Key Information – CIN7 Limited
TABLE 91 Key Information – Linnworks
TABLE 92 Key Information – Intuit Inc.
TABLE 93 Key Information – Acumatica, Inc.
TABLE 94 Key Information – Fishbowl Inventory
TABLE 95 Key Information – Brightpearl
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Inventory Management Software Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Inventory Management Software Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Mergers & Acquisition: 2020, May – 2023, Oct) Leading Players
FIG 8 Porter’s Five Forces Analysis - Inventory Management Software Market
FIG 9 North America Inventory Management Software Market share by Enterprise Type, 2022
FIG 10 North America Inventory Management Software Market share by Enterprise Type, 2030
FIG 11 North America Inventory Management Software Market by Enterprise Type, 2019 - 2030, USD Million
FIG 12 North America Inventory Management Software Market share by Deployment, 2022
FIG 13 North America Inventory Management Software Market share by Deployment, 2030
FIG 14 North America Inventory Management Software Market by Deployment, 2019 - 2030, USD Million
FIG 15 North America Inventory Management Software Market share by End-use, 2022
FIG 16 North America Inventory Management Software Market share by End-use, 2030
FIG 17 North America Inventory Management Software Market by End-use, 2019 - 2030, USD Million
FIG 18 North America Inventory Management Software Market share by Application, 2022
FIG 19 North America Inventory Management Software Market share by Application, 2030
FIG 20 North America Inventory Management Software Market by Application, 2019 - 2030, USD Million
FIG 21 North America Inventory Management Software Market share by Country, 2022
FIG 22 North America Inventory Management Software Market share by Country, 2030
FIG 23 North America Inventory Management Software Market by Country, 2019 - 2030, USD Million
FIG 24 SWOT Analysis: Zoho Corporation Pvt. Ltd.
FIG 25 Recent strategies and developments: IBM Corporation
FIG 26 Swot Analysis: IBM Corporation
FIG 27 SWOT Analysis: Oracle Corporation
FIG 28 Recent strategies and developments: Lightspeed Commerce Inc.
FIG 29 Swot Analysis: Lightspeed Commerce Inc.
FIG 30 Swot Analysis: CIN7 Limited
FIG 31 Swot Analysis: Linnworks
FIG 32 Swot Analysis: Intuit, Inc.
FIG 33 Swot Analysis: Acumatica, Inc.
FIG 34 Swot Analysis: Fishbowl Inventory
FIG 35 Recent strategies and developments: Brightpearl
FIG 36 Swot Analysis: Brightpearl