Inventory Management Software Market

By Component;

Software and Services

By Deployment;

On-Premises and SaaS

By Industry;

Consumer Good & Retail, Manufacturing, Automotive, Oil & Gas, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn350717056 Published Date: August, 2025

Inventory Management Software Market Overview

Inventory Management Software Market (USD Million)

Inventory Management Software Market was valued at USD 2,110.41 million in the year 2024. The size of this market is expected to increase to USD 4,493.28 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.4%.


Inventory Management Software Market

*Market size in USD million

CAGR 11.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)11.4 %
Market Size (2024)USD 2,110.41 Million
Market Size (2031)USD 4,493.28 Million
Market ConcentrationLow
Report Pages370
2,110.41
2024
4,493.28
2031

Major Players

  • Oracle Corporation
  • SAP SE
  • IBM Corporation
  • Microsoft Corporation
  • Infor Inc.
  • Epicor Software Corporation
  • Fishbowl Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Inventory Management Software Market

Fragmented - Highly competitive market without dominant players


The Inventory Management Software Market is undergoing significant growth as businesses move toward automated inventory control systems to streamline operations. More than 65% of companies are adopting these solutions to eliminate manual errors and enhance productivity. This shift is paving the way for enhanced technological advancements and fueling the expansion of modern inventory tools tailored to various business needs.

Collaboration and Partnerships Unlocking Value
The demand for custom-built inventory systems is increasing, with 62% of enterprises favoring solutions that align with their unique operations. This has led to a surge in collaboration between developers and users, resulting in adaptable software offerings. Such partnerships are essential in supporting business expansion, driving forward-thinking solutions, and delivering scalable inventory capabilities.

Adoption of Advanced Technologies
The market is seeing widespread implementation of cloud-based platforms and IoT-driven inventory monitoring, embraced by more than 60% of companies for their real-time accuracy. These innovations significantly reduce operational costs and help maintain precise stock levels. The use of next-generation software is becoming crucial for facilitating mergers, supporting interoperability, and enhancing transparency.

Positive Outlook for Long-Term Development
The future of the Inventory Management Software Market looks promising, as over 64% of businesses aim to invest in newer, more secure systems. Emerging technologies such as blockchain are set to revolutionize inventory tracking and auditability. Strategic growth planning, focused on opportunities, innovation, and continuous expansion, is expected to shape the next wave of market evolution.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Deployment
    3. Market Snapshot, By Industry
    4. Market Snapshot, By Region
  4. Inventory Management Software Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Efficiency Enhancement
        2. Demand for Automation
        3. Real-time Visibility
        4. Supply Chain Optimization
        5. Integration with ERP
      2. Restraints
        1. Implementation Complexity
        2. Initial Investment Costs
        3. Data Security Concerns
        4. Resistance to Change
        5. Limited IT Expertise
      3. Opportunities
        1. AI and Machine Learning
        2. Mobile Inventory Solutions
        3. IoT Integration
        4. Blockchain Applications
        5. Predictive Analytics Adoption
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Inventory Management Software Market, By Component, 2021 - 2031 (USD Million)
      1. Software
      2. Services
    2. Inventory Management Software Market, By Deployment, 2021 - 2031 (USD Million)
      1. On-Premises
      2. SaaS
    3. Inventory Management Software Market, By Industry, 2021 - 2031 (USD Million)
      1. Consumer Good & Retail
      2. Manufacturing
      3. Automotive
      4. Oil & Gas
      5. Others
    4. Inventory Management Software Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Oracle Corporation
      2. SAP SE
      3. IBM Corporation
      4. Microsoft Corporation
      5. Infor Inc.
      6. Epicor Software Corporation
      7. Fishbowl Inc.
  7. Analyst Views
  8. Future Outlook of the Market