The global inventory management software market size was valued at USD 3.58 billion in 2024 and is projected to reach USD 7.14 billion by 2033, registering a CAGR of 8.4% from 2025 to 2033. Market growth is primarily driven by the rise of drop shipping and the increasing reliance on third-party logistics (3PL).

The rapid expansion of e-commerce has created a strong need for advanced inventory management tools capable of handling large and diverse inventory portfolios, ensuring timely fulfillment, and maintaining optimal stock levels amidst fluctuating demand. These requirements have contributed to the growing adoption of sophisticated systems equipped with features such as automated reordering, demand forecasting, and multichannel integration. As online retail continues to expand, the demand for robust inventory management solutions is expected to increase proportionally. According to the Indian Brand Equity Foundation (IBEF), India’s e-commerce platforms reached a GMV of USD 60 billion in FY 2023, marking a 22% annual increase, further supported by rising internet penetration. These trends are set to accelerate software adoption for managing order flows, inventory controls, and related processes.

Inventory management software enables companies to efficiently track and manage stock levels, orders, sales, and deliveries. It automates various workflows such as reordering, real-time stock monitoring, and demand forecasting to prevent both overstocking and stockouts. Integration with ERP and sales platforms strengthens operational accuracy, while providing real-time insights for better decision-making. The key advantages—reduced operational costs, improved customer satisfaction, and enhanced resource allocation—make this software essential across industries such as retail, manufacturing, healthcare, and logistics.

Demand for inventory management solutions is expected to rise further as manufacturers increasingly adopt new supply chain models to meet evolving consumer preferences. Rapid growth in the transport & logistics, e-commerce, and retail sectors continues to encourage companies to streamline operations and reduce costs. The software’s ability to optimize inventory flows and improve service levels remains a central factor supporting market expansion.

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Key Inventory Management Software Company Insights

Leading players in the market include Epicor Software Corporation and SAP SE, among others.

• Epicor Software Corporation offers enterprise resource planning (ERP) and inventory management solutions for industries such as manufacturing, retail, distribution, and automotive. Epicor’s systems support real-time inventory tracking, advanced analytics, and automation—helping reduce excess stock and improve warehouse operations.
• SAP SE provides advanced enterprise software with strong capabilities in cloud computing, business automation, and supply chain optimization. Its inventory management functions, integrated within SAP S/4HANA and SAP Extended Warehouse Management (EWM), deliver real-time visibility, automated tracking, and enhanced stock control.

Emerging players such as Datalogic and Archon Systems are gaining traction:

• Datalogic specializes in automatic data capture and industrial automation, offering barcode scanners and mobile computing solutions that improve efficiency, accuracy, and real-time inventory insights across warehouses, retail, and logistics operations.
• Archon Systems provides inventory management solutions primarily for SMBs through its flagship platform, inFlow Inventory, available in both cloud and on-premise versions. The software enables multi-location inventory control, automated reordering, advanced reporting, and integrations with e-commerce and accounting tools.

Key Inventory Management Software Companies

• Acumatica, Inc.
• Archon Systems
• DataLogic
• Fishbowl
• Epicor Software Corporation
• IBM Corporation
• Intuit, Inc.
• Lightspeed Commerce Inc.
• Manhattan Associates
• Microsoft Corporation
• NCR Voyix Corporation
• Oracle Corporation
• Revel Systems
• SAP SE
• Zoho Corporation Pvt. Ltd.

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Conclusion

The global inventory management software market is poised for steady growth, propelled by the expanding e-commerce ecosystem, evolving supply chain models, and increasing reliance on automation to enhance operational efficiency. As businesses face growing pressure to meet customer expectations, reduce costs, and optimize inventory performance, the adoption of advanced inventory management solutions will continue to accelerate. With strong demand from retail, logistics, manufacturing, and healthcare sectors, the market is expected to sustain its upward trajectory through 2033.