Retail Inventory Management Software Market Research Report - Forecast to 2027

Global Retail Inventory Management Software Market Research Report By Deployment (On-Demand, On-Premise), End-User (Traditional Retailers, Off-Price Retailers) – Forecast Till 2027

ID: MRFR/ICT/4224-HCR | August 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.2 Bargaining power of Suppliers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Retail Inventory Management Software Market

5 Deployment Overview of Global Retail Inventory Management Software Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Retail Inventory Management Software Market by Deployment

7.1 Introduction

7.2 On-Premise

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 On-Demand

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Retail Inventory Management Software Market by End-User

8.1 Introduction

8.2 Traditional Retailers

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Off-Price Retailers

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Retail Inventory Management Software Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Deployment, 2020-2027

9.2.3 Market Estimates & Forecast by End-User, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Deployment, 2020-2027

9.2.4.3 Market Estimates & Forecast by End-User, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Deployment, 2020-2027

9.2.5.3 Market Estimates & Forecast by End-User, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Deployment, 2020-2027

9.2.6.3 Market Estimates & Forecast by End-User, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Deployment, 2020-2027

9.3.3 Market Estimates & Forecast by End-User, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Deployment, 2020-2027

9.3.4.3 Market Estimates & Forecast by End-User, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Deployment, 2020-2027

9.3.5.3 Market Estimates & Forecast by End-User, 2020-2027

9.3.6 U.K

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Deployment, 2020-2027

9.3.6.3 Market Estimates & Forecast by End-User, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Deployment, 2020-2027

9.4.3 Market Estimates & Forecast by End-User, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Deployment, 2020-2027

9.4.4.3 Market Estimates & Forecast by End-User, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Deployment, 2020-2027

9.4.5.3 Market Estimates & Forecast by End-User, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Deployment, 2020-2027

9.4.6.3 Market Estimates & Forecast by End-User, 2020-2027

9.4.7 Rest of Asia Pacific

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Deployment, 2020-2027

9.4.7.3 Market Estimates & Forecast by End-User, 2020-2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Deployment, 2020-2027

9.5.3 Market Estimates & Forecast by End-User, 2020-2027

9.5.4 The The Middle East & Africa

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Deployment, 2020-2027

9.5.4.3 Market Estimates & Forecast by End-User, 2020-2027

9.5.5 Latin Countries

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Deployment, 2020-2027

9.5.5.3 Market Estimates & Forecast by End-User, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Epicor Software Corporation (U.S.)

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Oracle Corporation (U.S.)

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 SAP SE (Germany)

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Microsoft Corporation (U.S.)

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 JDA Software (U.S.)

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Netsuite (U.S.)

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Fishbowl (U.S.)

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 inFlow Inventory Software (Canada)

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 IBM Corporation (U.S.)

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Totvs S.A (Brazil)

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12 Conclusion

LIST OF TABLES

Table1 World Population by Major Regions (2020-2027)

Table2 Global Retail Inventory Management Software Market: By Region, 2020-2027

Table3 North America Retail Inventory Management Software Market: By Country, 2020-2027

Table4 Europe Retail Inventory Management Software Market: By Country, 2020-2027

Table5 Asia Pacific Retail Inventory Management Software Market: By Country, 2020-2027

Table6 The Middle East & Africa Retail Inventory Management Software Market: By Country, 2020-2027

Table7 Latin America Retail Inventory Management Software Market: By Country, 2020-2027

Table8 Global Retail Inventory Management Software by Deployment Market: By Regions, 2020-2027

Table9 North America Retail Inventory Management Software by Deployment Market: By Country, 2020-2027

Table10 Europe Retail Inventory Management Software by Deployment Market: By Country, 2020-2027

Table11 Asia Pacific Retail Inventory Management Software by Deployment Market: By Country, 2020-2027

Table12 The Middle East & Africa Retail Inventory Management Software by Deployment Market: By Country, 2020-2027

Table13 Latin America Retail Inventory Management Software by Deployment Market: By Country, 2020-2027

Table14 Global Deployment Market: By Region, 2020-2027

Table15 Global Deployment Market: By Region, 2020-2027

Table16 Global Deployment Market: By Region, 2020-2027

Table17 North America Retail Inventory Management Software Market, By Country

Table18 North America Retail Inventory Management Software Market, By Deployment

Table19 North America Retail Inventory Management Software Market, By End-User

Table20 Europe: Retail Inventory Management Software Market, By End-User

Table21 Europe: Retail Inventory Management Software Market, By Deployment

Table22 Asia Pacific: Retail Inventory Management Software Market, By Country

Table23 Asia Pacific: Retail Inventory Management Software Market, By Deployment

Table24 Asia Pacific: Retail Inventory Management Software Market, By End-User

Table25 The Middle East & Africa: Retail Inventory Management Software Market, By Country

Table26 The Middle East & Africa Retail Inventory Management Software Market, By Deployment

Table27 The Middle East & Africa Retail Inventory Management Software Market, By End-User

Table28 Latin America: Retail Inventory Management Software Market, By Country

Table29 Latin America Retail Inventory Management Software Market, By Deployment

Table30 Latin America Retail Inventory Management Software Market, By End-User

LIST OF FIGURES

FIGURE 1 Global Retail Inventory Management Software market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Retail Inventory Management Software Market

FIGURE 4 Value Chain of Global Retail Inventory Management Software Market

FIGURE 5 Share of Global Retail Inventory Management Software Market in 2020, by country (in %)

FIGURE 6 Global Retail Inventory Management Software Market, 2020-2027,

FIGURE 7 Sub segments of Deployment

FIGURE 8 Global Retail Inventory Management Software Market size by Deployment, 2020

FIGURE 9 Share of Global Retail Inventory Management Software Market by Deployment, 2020-2027

FIGURE 10 Global Retail Inventory Management Software Market size by End-User, 2020

FIGURE 11 Share of Global Retail Inventory Management Software Market by End-User, 2020-2027

Retail Inventory Management Software Market

The Retail Inventory Management Software (RIMS) Market was estimated to be valued USD 3,291.1 Million by the end of the current forecast period in 2027 recording a global market CAGR of around 11.2%

Segmentation

By Deployment On Demand On Premise
By End-User Traditional Retailers Off Price Retailers

Key Players

  • Epicor Software Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • SAP SE (Germany)
  • Microsoft Corporation (U.S.)
  • JDA Software (U.S.)
  • Netsuite (U.S.)
  • Fishbowl (U.S.)
  • inFlow Inventory Software (Canada)
  • IBM Corporation (U.S.)
  • Totvs S.A (Brazil)
  • Retalix Ltd (Israel)
  • and Quintiq (Netherlands)

Drivers

  • The presence of major companies in the region and adoption of inventory management software across major organizations are driving the market in this region
Speak to Analyst Request a Free Sample

Retail Inventory Management Software Market Overview


The Retail Inventory Management Software (RIMS) Market was estimated to be valued at a market sum of USD 1,528.3 Million during the historic forecast period and hence, the market is projected to reach USD 3,291.1 Million by the end of the current forecast period in 2027 recording a global market CAGR of around 11.2%. Retail inventory management software includes capabilities for tracking, managing, and organizing material flow, as well as the time it takes for the finished product to depart the warehouse. In general, retail inventory software keeps track of the entire supply chain process and aids in boosting inventory levels' efficiency. This program aids in the centralization of all warehouse data from various locations. Retail inventory management software aids in the management and prevention of product spoilage by reducing the stocking of raw materials, which can result in losses for businesses. Inventory management has become a necessity in a variety of industries, including retail, service delivery, wholesale, and others. Inventory management in retail aids in the optimization and delivery of processes by providing precise inventory levels and obtaining real-time data to save data across multiple verticals of the company. This data, which is recorded in real-time, can be used to make decisions and this increases the Retail Inventory Management Software Market Growth.


COVID 19 Analysis


The ongoing COVID-19 epidemic has a detrimental impact on many businesses, including software companies too, but not as much as manufacturing units. In the United States, China, Germany, South Korea, and several other countries, most projects in various end-use industries were postponed. These companies are also experiencing short-term operational challenges due to supply chain constraints, such as factory inaccessibility due to the COVID-19 epidemic, and thus, usage of Retail Inventory Management Software (RIMS) has also come to a halt.


But businesses use inventory management software for a variety of reasons, including keeping track of inventory expenses throughout the manufacturing and sales process, monitoring stock levels, and tracking profitability. It's also used to forecast inventory levels, prices, and predicted demand for products. The inventory management software keeps track of the inventory database and tracks all inventory actions. It makes it easy to keep track of stock levels, grants authorized users access to the database, and provides a thorough view of the company's inventory operations. The global epidemic of COVID-19 has encouraged businesses to employ advanced inventory management solutions to ensure efficient inventory management and supply throughout supply chains.


Retail Inventory Management Software Market Dynamics



  • Drivers


The Retail Inventory Management Software (RIMS) market is primarily driven by the necessity to maintain transparency across supply chain activities and the ease of tracking warehouse inventories. RFID tags, barcode scanners, mobile phones, and tablets are all becoming more popular, which is propelling the Retail Inventory Management Software Market Share. Real-time inventory visibility aids in the most efficient use of warehouse and inventory, resulting in a higher Return on Investment (ROI). The program aids in the monitoring of each vendor's margin contribution and execution performance to collect feedback and better negotiate deals. Advanced logistics management, smart supplier management, data-driven inventory optimization, and other features of the retail inventory management software business are only a few of the benefits.



  • Restraints


The high first installation cost may be a stumbling block for the Retail Inventory Management Software Market Size. The cost of software is often determined by the features and capabilities it provides, as well as access to the number of users and goods involved. Furthermore, one of the most important forthcoming trends in the inventory management software market analysis is connected devices. However, the high installation cost for the software may hinder the Retail Inventory Management Software Industry and can decrease Retail Inventory Management Software Market Growth.



  • Technology Analysis


The ease of use and user-friendly inventory tracking facilities are the primary factors driving the global Inventory Management Software Market. Inventory management software keeps track of inventory levels, orders, sales, and deliveries. For iOS and Android devices, there is a plethora of inventory management, control, and tracking apps. Retail Inventory Management Software industry enables easy inventory management, control, and tracking regardless of location or time. Large MNC manufacturing operations are typically connected via wireless networks and operate in remote places. Manufacturing inventory software includes mobile applications that may be accessed at any time and from any location via mobile devices to assist with a variety of business tasks. To manage the flow of items, retail inventory management software uses approaches such as stock review, just-in-time technology, and ABC analysis methodology, among others. The just-in-time methodology refers to an organization ordering things just when they are requested by a consumer.


Retail Inventory Management Software Market Segment Overview


The global Retail Inventory Management Software Market is further bifurcated into various segments depending on various factors to help the market grow as per the predicted CAGR growth by the end of the future forecast period in 2027 and achieve the expected Retail Inventory Management Software Market Share. The Retail Inventory Management Software Market Segments are based on the following:


Based on the deployment, the market has been segmented as follows:



  • On-demand

  • On-premise


Based on the end-user, the market has been segmented as follows:



  • Traditional Retailers

  • Off-price Retailers


Based on the type, the market has been segmented as follows:



  • Manually Managed Inventory Systems

  • Barcode Scanning Systems

  • Advanced Radio Frequency Systems (RFID)


Based on the application, the market has been segmented as follows:



  • Order Management

  • Asset Tracking

  • Service Management

  • Product Differentiation

  • Inventory Optimization


Based on the region, the market has been segmented as follows:



  • North America

  • Europe

  • Asia Pacific (APAC)

  • Rest of the world (ROW)


Retail Inventory Management Software Market Regional Analysis


North America, Europe, Asia Pacific, and the rest of the world are all being investigated in the worldwide retail inventory management software market. North America dominates the worldwide retail inventory management software industry. The market in this region is being driven by the presence of significant enterprises in the region and the adoption of inventory management software by major corporations. During the forecast period, Asia-Pacific is expected to have the fastest growth rate. The Retail Inventory Management Software Market Size in this region is primarily driven by the use of cloud-based solutions across enterprises and the demand for asset tracking.


Retail Inventory Management Software Market Competitive Landscape


To obtain a competitive advantage over other market participants, inventory management software vendors are concentrating on improving the capabilities and features of their inventory management software. Some of the major key players as per the Retail Inventory Management Software Market Segments are as follows:



  • Epicor Software Corporation (U.S.)

  • Oracle Corporation (U.S.)

  • SAP SE (Germany)

  • Microsoft Corporation (U.S.)

  • JDA Software (U.S.), Netsuite (U.S.)

  • Fishbowl (U.S.)

  • InFlow Inventory Software (Canada)

  • IBM Corporation (U.S.)

  • Totvs S.A (Brazil)

  • Retalix Ltd (Israel)

  • Quintiq (Netherlands)


Some major other vendors according to the Retail Inventory Management Software Market Analysis are as follows:



  • Sage Group plc (U.K)

  • Logility, Inc (U.S.)

  • Lawson Software (U.S.)

  • Aldata Software Management Inc (Canada)

  • Accellos (U.S.), BluJay Solutions. (U.S.)

  • Kinaxis (Canada), Kewill Systems (U.S.)

  • Manhattan Associates (U.S.)

  • Servigistics (U.S.)

  • GTNexus (U.S.)


Retail Inventory Management Software Market Recent Developments



  • Oracle Corporation has released a set of updates to its cloud-based warehouse management software that will help e-commerce businesses save on inventory expenses and improve customer support. This improvement helped the organization in strengthening its market position.

  • Kewill Systems provides inventory management software modules that can be customized to meet specific customer requirements. Order management, asset tracking, product identification, and service management are a few examples.

  • SAP SE and Accenture cooperated to develop digital solutions based on SAP Leonardo. Accenture's Payables Optimizer and advanced inventory management are being integrated with SAP Leonardo.


Retail Inventory Management Software Market Report Overview


The report is based Retail Inventory Management Software Market analysis, both qualitative and quantitative, based on segmentation encompassing both economic and non-economic aspects. The report also indicates market value data which is provided for each segment in the research. It denotes the region and market sector that is likely to expand the fastest and dominate the market. The analysis is organized by geography, covering product and service consumption in each region as well as the factors that influence the market within each region. There is a competitive landscape that includes the top players' market rankings, as well as new service or product releases, collaborations, company expansions, and acquisitions during the forecast period. The report for the retail inventory management software market has been prepared after having a deep study and going through every aspect of the market by analyzing the data which aims for excellent market growth during the ongoing forecast period that will end in 2027.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3,291.1 Million
  CAGR   11.2%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Epicor Software Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), JDA Software (U.S.), Netsuite (U.S.), Fishbowl (U.S.), inFlow Inventory Software (Canada), IBM Corporation (U.S.), Totvs S.A (Brazil), Retalix Ltd (Israel), and Quintiq (Netherlands)
  Key Market Opportunities

  • The real-time visibility of inventory helps in the optimal utilization of warehouse and inventory which helps to fulfill Return on Investment (ROI). \r\n
  • The software helps in the observation of margin contribution and execution performance for each vendor for gaining feedback and negotiation of better deals.
  •   Key Market Drivers

  • The presence of major companies in the region and adoption of inventory management software across major organizations are driving the market in this region. \r\n
  • Asia Pacific is expected to have the fastest growth rate during the forecast period. The adoption of cloud-based solutions across organizations and need for asset tracking are primarily driving the market in this region.


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The end-users in the market for retail inventory management software are traditional retailers as well as off-price retailers.

    MRFR estimates the market to grow at a CAGR of 11.2% in the years ahead.

    Expanding e-commerce industry, rising need for asset tracking in inventory using mobile devices, coupled with the centralization of inventory data among various verticals are the chief reasons behind the strong market growth around the world.

    IBM Corporation (U.S.), Quintiq (Netherlands), Microsoft Corporation (U.S.), JDA Software (U.S.), Netsuite (U.S.), Epicor Software Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Retalix Ltd (Israel), Totvs S.A (Brazil), Fishbowl (U.S.), inFlow Inventory Software (Canada), are the companies that hold a major share of the global market.

    The other players are GTNexus (U.S.), Lawson Software (U.S.), Kinaxis (Canada), Accellos (U.S.), Sage Group plc (U.K), Logility, Inc (U.S.), Kewill Systems (U.S.), Servigistics (U.S.), Aldata Software Management Inc (Canada), Manhattan Associates (U.S.), BluJay Solutions. (U.S.), to name a few.