From GlobeNewswire: 2025-06-13 10:00:00

The Inventory Management Software Market was valued at USD 2.87 billion in 2023 and is projected to reach USD 5.40 billion by 2032, with a CAGR of 7.4% from 2024 to 2032. Major players include Oracle, SAP, Microsoft, IBM, Manhattan Associates, and more.

Order Management led the market in 2023, streamlining order processing and fulfillment. Inventory Control & Tracking is expected to grow the fastest, with enterprises adopting IoT and AI-driven solutions for real-time stock visibility and accurate information.

On-premise deployment dominated in 2023, offering security and customization. Cloud deployment is growing rapidly due to its low cost, scalability, and accessibility benefits, especially for small and medium-sized organizations.

Large enterprises dominated the market in 2023, while small and medium-sized enterprises are expected to register the fastest growth due to affordable cloud-based solutions. Manufacturing led the market in 2023, with Retail & E-commerce as the fastest-growing segment.

North America dominated the market in 2023, driven by advanced technology adoption. Asia-Pacific is projected to experience the fastest growth, with countries like China and India rapidly digitalizing their operations.

Recent developments in 2024 include Zoho launching “Zakya” for retail businesses and Manhattan Associates partnering with Shipium to enhance retail shipping operations.

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Read more at GlobeNewswire: Inventory Management Software Market to reach USD 5.40