Expansion of E-commerce, Omni-channel Fulfillment, and Transitioning Towards Cloud-based Systems have supported the market growth of WMS all over the globe.
Technological developments are increasing demand: With the advent of automation, distribution channels are undergoing significant changes that are redefining the sales process mechanism. Additionally, the growing use of warehouse management systems in e-commerce and 3PL industries and technological advancements are ramping up the demand for WMS as they continue to set up new warehouses across the globe. Moreover, increasing globalization of business leads to efficient supply chain management.
Integration of Smart Drones: The manufacturing sector is one of the key sectors to use WMS as it helps in delivering a powerful, flexible, and scalable real-time WMS that helps in boosting productivity, reducing costs, increasing customer satisfaction, reducing order fulfillment times, and also developing a faster return on investment (ROI). In addition, the surge in the adoption of multichannel distribution networks is fueling the growth of the WMS services market. The demand for WMS has increased significantly and logistics and supply chain companies are rapidly adopting WMS to improve their operations and increase the efficiency and productivity of the warehouse.
Increasing Focus on Digitalization: Rapid digitization and a rise in public & private investments in infrastructure development boosted the demand for system integration solutions and maintenance globally. The growing use of the Internet of Things (IoT) and rising advancements in cloud technologies in distributed information systems such as real-time process control and telecommunication networks are some major factors contributing to the growth of the system integration market.
Increasing Focus on Digitalization: With increasingly high expectations from customers and clients, inventory tracking is becoming more critical to warehouse management leading to failed deliveries, costing time and money. Moreover, the rising concern for privacy and security of data amongst enterprises is a major issue in WMS. Further, the lack of awareness about WMS in small and medium-sized enterprises is expected to obstruct market growth.
Analysts at Ken Research in their latest publication “Global WMS Market Outlook to 2028 - Driven by the rising trend of e-commerce, expansion of warehouses coupled with technological advancements and favorable government policies” observed that the Global Warehouse Management System market is in a growing phase. Increasing integration between automated & manual processes, Expansion of E-commerce and Omni-channel Fulfillment, Mitigation of Distribution Costs, and Transitioning Towards Cloud-based Systems are some of the factors that have contributed to the Global Warehouse Management System market growth. It is expected that the Global Warehouse Management System market will grow at a CAGR of 15.2% for the 2022-2028 forecasted period.
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Key Segments Covered
Global Warehouse Management System Market:
By Component:
- Services
- Software
By Deployment:
- Cloud
- On-premise
By Application:
- Manufacture
- Retail
- Healthcare
- Food & Beverage
- Transport & Logistics
- Others
By Function:
- Systems Integration & Maintenance
- Billing & Yard Management
- Labor Management System
- Analytics & Optimization
- Consulting Services
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By Region
- Europe
- North America
- Asia-Pacific
- South America
- Middle East & Africa
Key Target Audience
- Logistics Companies
- Logistics Consultants
- Warehouse Management System Market Players
- Warehouse Management Systems End-users
- Warehouse Management Systems Investors
- Potential Investors in Warehouse Management Systems Companies
- Warehouse Automation Companies
- Warehouse Management Systems Industry Associations
- Warehouse Management Systems Consulting and Research Firm
- Warehouse Management Systems Venture capitalists
- Warehouse Management Systems Third-party knowledge providers
- Government Authorities for Warehousing and Distribution
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022 – 2028
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Companies Covered:
- Körber AG (HighJump)
- Epicor Software Corporation Oracle Corporation
- Reply
- Blue Yonder
- SAP
- Manhattan Associates Inc.
- PSI Logistics
- Softeon
- TECSYS Inc.
- FourKites
- Infor, Inc.
- Mad4net
- FourKites
- NICE Ltd.
- Project44
- Synergy Logistics, Inc.
- Fishbowl Inventory
Key Topics Covered in the Report:
- Snapshot of Warehouse Management Systems Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of Warehouse Management Systems Market
- Historic Growth of the Overall Warehouse Management Systems Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Warehouse Management Systems Market Industry
- Overview, Product Offerings, and Strength & Weaknesses of Key Competitors
- COVID 19 Impact on the Overall Warehouse Management Systems Market
- Future Market Forecast and Growth Rates of the Total Warehouse Management Systems Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Warehouse Management Systems Market in Global Regions
- Major Production/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
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