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Inventory Management Software Market Size

Report ID: GMI2364
Published Date: Dec 2024
Report Format: PDF

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Inventory Management Software Market Size

The global inventory management software market size was valued at USD 3.9 billion in 2024 and is estimated to register a CAGR of 6.4% between 2025 and 2034. The growing emphasis on operational efficiency, the increasing complexity of supply chains, and the need for real-time inventory visibility are key factors driving market growth.

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Companies are increasingly forming strategic partnerships to enhance their technological capabilities and expand market presence. For example, in October 2023, Shipsy, a logistics SaaS provider, completed its acquisition of Stockone, a cloud-based Warehouse Management System (WMS) and inventory management solutions provider, strengthening its commitment to offering a robust end-to-end logistics technology platform for enterprise clients across various industries.

Inventory Management Software Market Report Attributes
Report Attribute	Details
Base Year:	2024
Inventory Management Software Market Size in 2024:	USD 3.9 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	6.4%
2025 – 2034 Value Projection:	USD 7.3 Billion
Historical Data for:	2021 – 2024
No. of Pages:	160
Tables, Charts & Figures:	220
Segments covered:	Solution, Deployment Model, Organization Size, Application, End Use
Growth Drivers:	Rising adoption of omnichannel retailing Growing demand for RFID technology Proliferation of smartphones and mobile devices Surge in e-commerce popularity
Pitfalls & Challenges:	High costs associated with software implementation Integration of new software with legacy systems

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The adoption of advanced inventory management software is transforming how businesses manage their inventory, leading to enhanced operational efficiency, reduced costs, and improved decision-making capabilities. This software not only streamlines inventory tracking and order fulfilment processes but also supports analytics and reporting features that allow organizations to make data-driven decisions. The need for effective order management systems is particularly critical in sectors such as retail, manufacturing, and logistics, where timely inventory management directly impacts customer satisfaction and operational success.

Additionally, logistics visibility software is increasingly becoming a crucial component in the inventory management software market, enabling businesses to gain real-time insights into their supply chain operations. By providing end-to-end visibility of inventory levels, shipment statuses, and transportation routes, this software enhances decision-making and operational efficiency. The logistics visibility software is projected to grow and generate revenue of around USD 1.9 billion by 2032, with an annual growth rate of over 10%.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of inventory management software reached USD 3.9 billion in 2024 and is set to grow at a 6.4% CAGR from 2025 to 2034, driven by the increasing need for real-time inventory visibility and operational efficiency.

The order management segment is expected to grow at a CAGR of over 4% from 2025 to 2034, fueled by the rising demand for streamlined order processing and fulfillment.

The North America market accounted for over 40% of the global share in 2024, led by the adoption of advanced technology solutions and the increasing focus on automation and data analytics.

The key players in the market include International Business Machines (IBM), Intuit, Manhattan Associates, Microsoft, Monday.com, NCR, Oracle, Sage Group, SAP SE, and Zoho.