Increasing Adoption of RFID Technology on the Global Inventory Management Software Market in the Retail Sector

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The combination of RFID systems and the Inventory Management Software is a game-changer in our ever-connected world where e-commerce and m-commerce increase at the rapid pace; leading to the adoption of omni-channel distribution systems, which require sophisticated inventory management systems to monitor operations.


For those who are unfamiliar, RFID systems use an electronic data interchange to provide real-time information about the status of ordered goods to customers and retailers.

These systems can help reduce the delivery cycle time of goods and the number of defects. RFID systems provide transparency and help streamline supply chain operations. 

According to Tehnavio, with the help of RFID systems, retailers are able to capture the data and use inventory management software and big data solutions to identify the buying patterns of customers and form different promotional schemes to increase sales.

The firm reveals that, the global inventory management software market in the retail sector is expected to record a CAGR of more than 8% until 2020.