Few Diverse Global Players Dominate the Market Holding ~10% of Competitors by Share Despite the Presence of Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Warehouse Management System Market by Ken Research
A Warehouse Management System (WMS) is software that aids in the management and intelligent execution of a warehouse's, distribution center, or fulfillment center’s operations. WMS applications provide features like order allocation, order picking, replenishment, packing, shipping, labor management, yard management, and automated materials handling equipment interfaces. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players Constitute Just 10% of the Total Number of Competitors While Regional Companies Also Have a Strong Presence and Comprise 30%
A comprehensive competitive analysis conducted during the Research Study found that the Global Warehouse Management Systems Market is highly competitive with ~1,000 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the warehouse management system for multiple industries. Large global players comprise ~10% of the market's competitors, followed by regional companies with ~30% of the market's competitors, and finally, country-specific companies with ~60% of the market's competitors by share. WMS applications offer features like order allocation, order picking, replenishment, packing, shipping, labor management, and automated materials-handling equipment interfaces and also servicing like receiving, put-away, stock locating, inventory management, cycle counting, task interleaving, wave planning, order allocation, and order picking represent the majority of the country's niche players. Significant worldwide players frequently acquire some of them, aiming to quickly expand and diversify, and some of these successfully adapt to develop application-specific solutions.
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Leading Global Specialists' Ongoing Efforts To Provide Warehouse Management Systems To Various End-User Industries Are What Are Fueling Their Competitor's Growth.
Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies such as Infor, Softeon, Tecsys, Fishbowl, Manhattan Associates, 3PL Central LLC, and Blue Yonder Group, Inc. are highly focused on providing a significant warehouse management system that can be used across multiple industries, including automotive, food & beverages, healthcare & pharmaceuticals, transportation & logistics, and many more. In August 2022, Infor announced that Infor WMS has been implemented by Mooneh, a third-party logistics company handling storage and delivery on behalf of top worldwide pharmaceutical corporations.
The Industry Growth of Warehouse Management Systems Was Accelerated by the COVID-19 Outbreak
The spread of COVID-19 pandemic throughout the world affected many different industries. Due to the pandemic, consumers are now quickly moving toward internet platforms. Online demand has increased for items including food and drink, essentials, and prescriptions that are delivered via unique contactless methods. The rising online demand for a variety of products has also raised the requirement for warehousing. Several multinational firms are opening new warehouses in several countries to handle the rising demand. Companies must quickly adapt their operational and physical logistics footprints and fulfillment to keep up with increased customer expectations as e-commerce continues to expand at a rapid rate. Logistics executives intend to implement or improve their technology, including warehouse management systems (WMS), transportation management systems (TMS), artificial intelligence/machine learning (AI/ML) capabilities, and cloud infrastructure as we transition into a post-COVID-19 world. According to the International Trade Administration in 2021, retail consumer goods e-commerce accounts for over 18% of all global retail sales in 2020. By 2024, it is anticipated to rise at a rate of over 1% annually, reaching almost 22% of all retail sales worldwide.
Growing Government Initiatives to Support the Growth of the Global Warehouse Management Systems Market
- In September 2022, India's logistics industry still serves as a major pillar of the country's economy, contributing roughly 14.4% to India's GDP. The new regulation will be crucial in reducing bottlenecks from the country's extremely fragmented logistics sector. The Natural Language Processing Framework (NLP) will also focus on increasing employment and workforce skilling in addition to cost reduction.
- In July 2021, according to a directive released by the General Office of the State Council, China, the central government will encourage traditional trading firms, international e-commerce companies, and providers of logistics services to participate in the development of overseas warehouses and raise the level of digitalization and intelligence.
- About 100 elite foreign warehousing companies with a focus on information technology, intelligent development, diversified services, and local operations will have been developed in China by 2025.
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