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Global Retail Inventory Management Software Market By Deployment (On-Premise, On-Demand/Cloud-Based), By End-User (Traditional Retailers, Off-Price Retailers) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Overview:

The growing popularity of cloud-based solutions that offer superior benefits over traditional on-premise solutions in terms of cost, visibility, and maintenance is one of the major factors driving the market growth. The growing preference for cloud-based inventory management solutions is expected to trigger the replacement of conventional on-premise solutions, thereby driving fresh installations. Furthermore, the rise of e-commerce and a growing preference for multi-channel retailing is expected to boost market growth. The need for synchronized and instantaneous information about products that need to be shipped to the customer is influencing the adoption of inventory management software among retailers. These factors are expected to contribute to a 7.6% compounded annual growth rate (CAGR) during the forecast period of 2016–2023. However, high upfront costs coupled with data security and consumer privacy are some of the factors posing a challenge to the market's growth.

Report Scope

This report analyses the global retail inventory management software market in terms of deployment model, end-users, and geography. Based on the deployment method, the global retail inventory management software market is categorized into on-premise and on-demand or cloud-based software solutions. Similarly, on the basis of end-use applications, the global market for retail inventory management software is further classified into traditional retailers and off-price retailers. The geographical distribution of the global retail inventory management software market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Retail Inventory Management Software Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the retail inventory management software market.

1.1.1 Target Audience

  • Industry Investors
  • Inventory Management Software Solution Providers
  • Distributors
  • End-users

Based on deployment type, the global inventory management software market for retail applications is segmented into the following categories:

  • On-premise solutions
  • On-demand or hosted solutions

In the base year of 2015, on-premise inventory management solutions led the overall inventory management software market for retail applications. The revenue share of on-premise solutions stood at around 75% of the global market revenue in the same year. Although retailers have begun favoring cloud-based prototypes, the bigger and more established retailers are still heavily reliant on on-premise software installations. Established retailers are still favoring on-premise solutions since the on-premise deployment model allows them to have superior control over their critical business information. On the contrary, the additional cost required for monitoring, managing, and upgrading the software in the on-premise model is expected to lead more and more retailers toward adopting cloud-based inventory management solutions in the coming years. Low upfront costs and easy maintenance, coupled with low entry barriers, have enabled the adoption of cloud-based solutions among retailers. In view of these benefits, retailers across the globe are becoming less interested in implementing software solutions and have become more skewed toward changing their operating models.

On the basis of geography, the global inventory management software market for retail applications is segmented into the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australasia
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East
  • Africa

As of 2015, North America (comprising the U.S. and Canada) was the largest retail inventory management software market worldwide, followed by Europe and Asia Pacific, respectively. The region accounted for over 35% of the global market revenue in the same year. The U.S. represents the largest individual retail inventory management software market worldwide. The trend shall prolong as the region is presumed to remain the largest revenue contributor over the forecast period of 2016–2023. The growth in the region is due in large part to the presence of a large base of established retailers focusing on effective inventory tracking and management. With the explosion of e-commerce and the prevailing trend toward omnichannel distribution, retailers are required to ensure inventory management and tracking, thereby stimulating market demand.

Frequently Asked Questions:

The market for Retail Inventory Management Software Market is expected to reach XX in 2023.

The Retail Inventory Management Software Market is expected to see significant CAGR growth over the coming years, at 7.6%.

The report is forecasted to 2016-2023.

The base year of this report is 2015.

IBM Corporation,SAP SE,Microsoft Corporation,Epicor Software Corporation,JDA Software Group, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Feb 2017
Category:  Technology & Media
Report ID:   58349
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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