According to a new report, published by KBV research, The Global Inventory Management Software Market size is expected to reach $4.7 billion by 2030, rising at a market growth of 11.2% CAGR during the forecast period.
The Large Enterprises segment is leading the Global Inventory Management Software Market by Enterprise Type in 2022; thereby, achieving a market value of $3.5 billion by 2030. Large enterprises often grapple with intricate supply chains, diverse product portfolios, and high transaction volumes. IMS provides scalability to accommodate this complexity, allowing businesses to expand their operations without compromising efficiency. The software automates and streamlines various aspects of inventory management, including order processing, real-time tracking, and demand forecasting. This automation reduces manual errors, accelerates processes, and allows large enterprises to manage their extensive inventories with greater precision and speed.
The Cloud segment is experiencing a CAGR of 12.8% during (2023 - 2030). Cloud-based IMS relieves businesses of managing software updates and system maintenance. Updates for cloud solutions are automatically deployed by the service provider, ensuring that users always have access to the latest features, security patches, and performance improvements. Cloud-based IMS facilitates seamless integration with third-party services and applications. This interoperability is crucial for businesses leveraging complementary technologies like e-commerce platforms, analytics tools, and customer relationship management (CRM) systems. Integrating with a diverse ecosystem of services enhances the overall functionality and utility of cloud-based IMS.
The Manufacturing segment is generating the maximum revenue in the Global Inventory Management Software Market by End-use in 2022; thereby, achieving a market value of $1.6 billion by 2030. The adoption of lean manufacturing principles aimed at minimizing waste and maximizing efficiency aligns seamlessly with the capabilities of IMS. IMS mitigates these risks by providing real-time visibility into inventory levels and order statuses. This visibility allows manufacturers to make informed decisions, ensuring that stockouts and overstocks are minimized, and production remains aligned with demand.
The Order Management segment is registering a CAGR of 11% during (2023 - 2030). Additionally, The Asset Management market is expected to witness a CAGR of 11.9% during (2023 - 2030). A core benefit of integrating order management into inventory management software is streamlining order-processing workflows. This ensures that orders are efficiently received, processed, and fulfilled, reducing the likelihood of errors and delays. Order management functionalities expand inventory visibility across various sales channels. Integrating inventory data ensures that businesses maintain optimal stock levels while avoiding overstock or stockout scenarios.
The North America market dominated the Global Inventory Management Software Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,614.2 million by 2030. The Europe market is paired to grow a CAGR of 11% during (2023 - 2030). Additionally, The Asia Pacific market would exhibit a CAGR of 11.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/inventory-management-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By Enterprise Type
By Deployment
By End-use
By Application
By Geography
Companies Profiled
Unique Offerings 
