The global warehouse management system market is estimated to exhibit 14% CAGR over the forecast period to attain a valuation of USD 2.45 billion. It previously stood at USD 1.15 billion in 2015.
Warehouse management system (WMS) are a software application designed to support the day-to-day functions of warehouses. The construction of warehouses amid the boom of online shopping is likely to induce the need for such software. The global warehouse management system market report by Market Research Future (MRFR) which analyzes the structure of the warehouse as well as various trends affecting the market from 2017 to 2023 (forecast period).
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High demand for WMS software in healthcare and retail sectors is the primary driver of the market. The automated processes in warehouses as well as the use of pallet movers and other material handling equipment for moving boxes and attaining parcels is likely to bode well for the market demand in the coming years.
The establishment of warehouses by replacing steel or concrete godowns is predicted to impact the market growth. In addition, the expansion plans of consumer good majors and other industrial bigwigs for storage of goods is anticipated to push the demand for WMS software. The use of the software to propel sales numbers is touted to bode well for the market.
But the presence of enterprise resource planning software can restrict market growth.
Prominent names in the global warehouse management system market include JDA Software Group Inc., Manhattan Associates Inc., Oracle Corporation, Made4net LLC, Softeon Inc., Tecsys Inc., HighJump Software, LogFire Inc., Synergy Logistics Ltd, SAP SE, and others.
Milaha, one of the biggest logistics experts in Qatar, has decided to adopt the WMS software of Infor for digitizing its supply and value chain.
MRFR’s segmental analysis of the global warehouse management system has been determined on the basis of service type, application, and regions. Service type has been segmented into software, consulting, system integration, and operations & maintenance.
Applications of warehouse management systems have been segmented to include pharmaceutical, transportation & logistics, retail, electronics, and others. Transportation and logistics is a growing segment due to the rapid growth of the e-commerce sector.
Regions that have been included in the global analysis of the warehouse management system market are Asia Pacific, North America, Europe, and the Rest of the World.
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Among the key regions covered in the report, Europe emerged as the leader with the largest share of the global warehouse management system market. The European market is closely followed by North America. The European market’s advancements in the warehouse management system as well the increasing awareness and deployment of cloud-based warehouse management systems in the European market have driven the region into a top level position.
Meanwhile, the Asia Pacific has been identified as the fastest growing region in the warehouse management system market. The region is home to heavily populated emerging economies that are witnessing an immense growth in the electronics, retail, pharmaceutical, e-commerce and several other sectors where there is a high demand for warehouse management systems. The APAC includes country-level markets such as India, China, and Japan which lead growth for the regional market.
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