Global Garment Inventory Software Market Overview:
Garment management software is a software system for tracking inventory levels, orders, sales, and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials, and other production-related documents. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets. Inventory management software is made up of several key components like reorder point, asset tracking, service management to create a cohesive inventory of many organization's systems.
Growth Drivers
- Rising Demand for the Digitized Solution in Retail Industry like Garments
- Increasing Penetration of Smartphones and Devices in Daily Lifestyle
Roadblocks
- Data Breach and Malware Attacks from the Hackers
Opportunities
- The rise in Demand for the Online Clothing Shopping
Challenges
- Requirement of Skilled Personnel for Operating and Management of Garment Inventory Software
Competitive Landscape:
The global market for the Garment Inventory Software is fragmented by the global key players owing to the rising demand for the digitization of the manual procedures and replace them with automation with efficiency and integration with smart devices. The players should focus on the integration of automation by artificial intelligence and machine learning in order to sustain the high competition.
Some of the key players profiled in the report are Orderhive (United States), Lightspeed Retail (Canada), RetailGraph (India), LOGIC Enterprise (India), Busy Accounting Software (India), VRS software (India), Skuvault (United States), Paragon Erp (Germany) and Netsuite (United States). Additionally, following companies can also be profiled that are part of our coverage like Prodsmart (United States), Aims360 fashion Erp (United States) and Apparel Magic (United States). Considering Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprise will boost the Garment Inventory Software market. Considering Market by Pricing, the sub-segment i.e. Monthly will boost the Garment Inventory Software market. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Garment Inventory Software market. Considering Market by Features, the sub-segment i.e. Field staff tracking will boost the Garment Inventory Software market.
Latest Market Insights:
In 2021, Cin7, a pioneering inventory and order management software company, acquired DEAR Systems and Orderhive, a leading SaaS provider of inventory and order management software for all types of product sellers. This acquisition and combination of three will be offering the consumers leading technology expertise with software functionalities like software specialties like garment inventory management and consumer relationship management.
What Can be Explored with the Garment Inventory Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Garment Inventory Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Garment Inventory Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Garment Inventory Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Garment Inventory Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Garment Inventory Software Provider, Software Developer, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.