Published on : Jul 26, 2016
ALBANY, New York, July 26, 2016: ResearchMoz.us has added a new report, titled “Global Inventory Management Software Market in the Retail Sector 2016-2020,” to its offering. This report presents a thorough analysis of the market and throws light on the major opportunities in this market. It highlights the major players dominating the inventory management software market in the retail sector and also elaborates upon their key weaknesses and strengths. The prime technological developments taking place in the market and their impact on the development of the market have also been elaborated upon under this study.
The first section of the report encapsulates the market overview, market size, and forecast of the market. The global inventory management software market within the retail sector is predicted to rise at an 8.31% CAGR from 2016 to 2020. As stated in the report, an inventory is a prime asset to an organization and displays the entire investment involved in a particular product, starting from its manufacturing to its sale. An inventory management software presents a set of guidelines for keeping track of the assets, items, and products in an organization. The storage needs for components and the supervision of the quantity of finished goods are also analyzed by the inventory management software.
Moving on, the segmentation of the inventory management software market in the retail sector has been presented in the report. On the basis of deployment type, the report segments the market into on-premises and cloud. Amongst these, the segment of on-premises inventory management software held the largest share of approximately 75% in the market. However, a number of businesses have to bear additional expenses for upgrading, maintaining, and monitoring their software. Due to this factor, the on-premises segment is predicted to lose some of its market share in the forecast horizon. On the other hand, cloud services offer low deployment costs and thus will experience more demand in the forecast period.
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Geographically, the report segments the inventory management software market in the retail sector into Europe, the Middle East, and Africa (EMEA), Asia Pacific, and the Americas. Among these, the Americas is poised to lead the market and will hold a share of US$394 mn by 2020 on the basis of revenue. This is owing to the increasing proliferation of global retailers demanding effective inventory management solutions within this region.
In the following section of the report, the prime drivers, challenges, trends, and opportunities in this market have been presented. The growing e-commerce transactions and the rising omni-channel retailing globally are amongst the prime factors stimulating the growth of the inventory management software market in the retail sector. In addition, the growing inclination toward RFID technology and the advancement in automatic store replenishment systems are the chief trends seen in the market.
However, the soaring costs of installation are a key factor restraining the growth of this market. In addition, the increasing threat to data security and increasing privacy may also negatively impact the development of this market.
The key vendors dominant in the global inventory management market in the retail sector are Oracle, Epicor, SAP, JDA Software, Microsoft, Netsuite, Fishbowl, Inflow, and Sage Inventory Advisor, among others.
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