Ecommerce Inventory Management System Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based and On-Premises) By Application (Ecommerce companies, Brick-and-mortar retailers and Hybrid Retailers Enterprises), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Ecommerce Inventory Management System Market Report Overview

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The global Ecommerce inventory management systems market size expanded rapidly in 2021. As per our research, the market is expected to generate substantial revenue by 2028, with a robust CAGR during the forecast period.

Ecommerce inventory management systems conduct online sales of goods or services using inventory management software to keep track of its stock. Businesses may track orders, inventory levels, and delivery data with the aid of this programme. Businesses can use it to forecast demands and manage budgets.

COVID-19 Impact: Pandemic Increased the Market Demand

The majority of global industries have suffered. This is a result of severe interruptions in their respective supply chains and lockdowns as a result of various precautionary measures taken by governments around the world. The same holds true for the market for software for inventory management worldwide. Furthermore, because the general economic situation of the majority of people has been significantly hit by this outbreak, consumer demand has therefore fallen as people are now more focused on cutting non-essential expenses from their various budgets. Over the course of the forecast period, the aforementioned factors are anticipated to have a negative impact on the revenue trajectory of the worldwide inventory management software market. However, the worldwide inventory management software market is anticipated to grow as individual regulating bodies start to lift these mandated lockdowns.

Latest Trends

"Use of AI and ML Algorithms Up Swinging the Market Expansion"

The use of AI and ML algorithms into inventory management systems assists organisations in forecasting demand and optimising inventory levels, resulting in lower inventory costs and better efficiency. Adoption of cloud-based inventory management solutions allows firms to easily access inventory data from any location, at any time, and on any device. Furthermore, the trend of real-time inventory tracking and management allows organisations to track their inventory in real-time, allowing them to make more informed decisions and improve their operational efficiency.

Ecommerce Inventory Management System Market Segmentation

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• By Type Analysis

According to type, the Ecommerce inventory management system market can be segmented into cloud-based and on-premises.

• By Application Analysis

Based on application, the market can be divided into Ecommerce companies, Brick-and-mortar retailers and hybrid retailers Enterprises.

Driving Factors

"Rapid Growth of Ecommerce Industry Propelling Market Surge"

Due to the benefits it provides over conventional inventory management techniques, small and medium businesses (SMBs) are developing an increasing need for Ecommerce inventory management software. This industry is expanding as a result of the expanding popularity of both online shopping and Ecommerce inventory management software among customers.

Small businesses are benefiting from the development of cloud-based solutions by managing their inventories more effectively and affordably. The market for Ecommerce inventory management software is expanding as a result of increasing demand for omnichannel retailing, which mandates that businesses properly manage their inventory across numerous channels.

Restraining Factors

"Lack of Knowledge about the Market to Restrict Market Growth"

The inventory management software market will face challenges throughout the forecast period due to factors such as high investment costs and consumer resistance to adopting outdated systems.

Despite the global Ecommerce inventory management systems market growth potential, there are various impediments to market expansion. Among these obstacles are a lack of understanding regarding inventory management systems, the high cost of adoption and maintenance, and the complexity required in connecting inventory management systems with existing Ecommerce platforms. Furthermore, a lack of qualified experts capable of handling inventory management systems, as well as security issues about the storage and management of sensitive inventory data, may act as restraints on market expansion.

Ecommerce Inventory Management System Market Regional Insights

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"Growing Demand in North America Anticipated to Boost Market Expansion"

North America is one of the leading regions in the global Ecommerce inventory management systems market. Due to the presence of notable players like Oracle Corporation, Shopify, Inc., and DXC Technology Company, the area is anticipated to maintain its dominance during the projected period. For the effective management of Ecommerce firms, these businesses are continuously working to produce cutting-edge inventory management software solutions that can be combined with a variety of other business applications. Additionally, the development in small and medium-sized businesses (SMEs) that operate online shops helps the region grow. As manufacturers, suppliers, and consumers increasingly use these technologies for improved customer experiences, the Asia Pacific region is expected to experience considerable growth over the course of the forecast period. 

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Zangerine, AdvancePro Technologies, Jazva, ERP Gold, Znode, Logistics for Hire, 2Ship, SKULabs and Zoey. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over Ecommerce inventory management systems market share by the key players stimulates the market growth.

List of Market Players Profiled

•  Zangerine
• AdvancePro Technologies
• Jazva
• ERP Gold
• Znode
• Logistics for Hire
• 2Ship
• SKULabs
• Zoey
• Brightpearl
• Acctivate Inventory Software
• Fattmerchant
• Expedite Commerce
• Akeneo
• Shopify
• Lightspeed HQ
• ShipStation
• Magento
• Ecwid
• Cin7

Report Coverage

This report examines an understanding of the Ecommerce inventory management system market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.