According to a new market report published by Credence Research, Inc., “Retail Inventory Management Software Market (By Deployment (On-premise Solutions, On-demand/Cloud-based Solutions), By End-user (Traditional Retailers, Off-price Retailers)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global inventory management software market for retail applications is poised to expected to grow at a compound annual growth rate of 7.6% during the forecast period 2016 – 2023
Browse the full Retail Inventory Management Software Market (By Deployment (On-premise Solutions, On-demand/Cloud-based Solutions), By End-user (Traditional Retailers, Off-price Retailers)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/retail-inventory-management-software-market
Inventory management software aids retailers to effectively organize and manage inventory, purchase of goods, sales, and product deliveries. It offers a platform on which retailers can track important shipment and inventory data including volume and location, supplier records, etc. The software also aids retailers to perform asset compliance audits and generate reports & custom alerts by integrating RFID and other wireless tracking technologies into their day-to-day inventory tracking efforts. Retailers often use inventory management software to ensure focus on understanding, identifying, and minimizing inefficiencies in the management of inventories between locations. With the advancements in technology and integration capabilities, inventory management software’s are quickly becoming an integral element of the retail operational processes.
The global retail inventory management software market for is highly competitive and fragmented. The top 4 leading vendors account for less than 45% of the global market revenue share. It is requisite for inventory management software vendors to realize unique requirements of traditional and off-price retailers and develop software accordingly. SAP SE (Germany), Oracle Corporation (the U.S.), Epicor Software Corporation (the U.S.), Microsoft Corporation (the U.S.), and JDA Software Group, Inc. (the U.S.) are indentified as market leaders in the global retail inventory management system market for the base year 2015. Other promising and emerging players identified in the global retail inventory management system market include Manhattan Associates Inc., Descartes Systems Group, Inc., Aldata Software Management Inc., Retalix Ltd., Lawson Software, and Quintiq among others. The global retail inventory management software market is also characterized by the presence of large number of niche players holding trivial market shares individually. Since the retail inventory management software market is technology driven, the degree of competition among vendors is high and is only expected to intensify in the coming years.
Growing demand for cloud-based retail inventory management software solutions
Proliferation of e-commerce and growth of multi-channel retailing
Need to address supply chain inefficiencies through transparency and real-time tracking
Integration of the RFID technology
Positive impact from the introduction of automatic store replenishment systems
Request Free Sample : http://www.credenceresearch.com/sample-request/58349
Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States