Based on business size, SMEs are the major customer of inventory management software, with around 74% market share. The software is used in many industries, especially for retail, manufacturing and healthcare industry, as companies in these industries are often dealing with large amounts of physical products. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.īased on deployment type, cloud-based inventory management software is leading the market, with over 70% market share in 2017, which will keep growing. Companies use inventory management software to avoid product overstock and outages. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. This report studies the Inventory Management Software market.
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