GITNUX MARKETDATA REPORT 2024

Inventory Management Software Industry Statistics

The inventory management software industry is expected to experience continued growth driven by increasing adoption of digital solutions and automation across various sectors.

Statistic 1

"The global inventory management software market was valued at $2.24 billion in 2019."

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Statistic 2

"It is expected to grow at a CAGR of 5.2% from 2020 to 2027."

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Statistic 3

"Retail businesses currently dominate the inventory management software market, accounting for over 30% of the total revenue."

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Statistic 4

"The North America region dominated the market with a revenue share of 35.5% in 2019."

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Statistic 5

"The Asia Pacific region is expected to grow at the highest CAGR during forecast period."

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Statistic 6

"The perpetual software license model segment dominated the market with a share of 78.3% in 2019."

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Statistic 7

"By 2022, it is estimated that more than 90% of businesses will use cloud-based inventory management systems."

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Statistic 8

"The on-premise installation method holds a market share of almost 40%, despite increasing cloud adoption."

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Statistic 9

"In 2019, supply chain optimization was the main factor driving businesses to adopt inventory management systems."

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Statistic 10

"Barcode scanning is currently the most used feature of inventory management systems, with 83% of companies utilizing this tool."

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Statistic 11

"About 43% of inventory management software users are mid-market companies with 51–1000 employees."

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Statistic 12

"The global inventory management software market could potentially reach $3 billion by 2026, according to some forecasts."

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Statistic 13

"Retail industry is projected to reach a market value of $939.5 million by 2027 in the inventory management software market."

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Statistic 14

"In 2019, enterprise resource planning (ERP) solution was the largest application segment with a market share of more than 32%."

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Statistic 15

"E-commerce is expected to grow at the highest rate in the inventory management software market."

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Statistic 16

"The SaaS/software subscription model is set to exhibit the fastest CAGR of 8.8% from 2020 to 2027."

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