Inventory Management Software Market Size

Inventory Management Software Market Size

The global inventory management software market size was valued at USD 3.9 billion in 2024 and is estimated to register a CAGR of 6.4% between 2025 and 2034. The growing emphasis on operational efficiency, the increasing complexity of supply chains, and the need for real-time inventory visibility are key factors driving market growth.

Companies are increasingly forming strategic partnerships to enhance their technological capabilities and expand market presence. For example, in October 2023, Shipsy, a logistics SaaS provider, completed its acquisition of Stockone, a cloud-based Warehouse Management System (WMS) and inventory management solutions provider, strengthening its commitment to offering a robust end-to-end logistics technology platform for enterprise clients across various industries.
 

The adoption of advanced inventory management software is transforming how businesses manage their inventory, leading to enhanced operational efficiency, reduced costs, and improved decision-making capabilities. This software not only streamlines inventory tracking and order fulfilment processes but also supports analytics and reporting features that allow organizations to make data-driven decisions. The need for effective order management systems is particularly critical in sectors such as retail, manufacturing, and logistics, where timely inventory management directly impacts customer satisfaction and operational success.
 

Additionally, logistics visibility software is increasingly becoming a crucial component in the inventory management software market, enabling businesses to gain real-time insights into their supply chain operations. By providing end-to-end visibility of inventory levels, shipment statuses, and transportation routes, this software enhances decision-making and operational efficiency. The logistics visibility software is projected to grow and generate revenue of around USD 1.9 billion by 2032, with an annual growth rate of over 10%.