Warehouse Management System (WMS) Market is expected to grow at a 17.1% CAGR by 2030

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In North America, the warehouse management system market will have healthy growth over the forecast period. The presence of big companies with distribution operations and global warehousing

Market Analysis

 

Warehouse Management System market adoption on a large scale, the market is expected to grow at a 17.1% CAGR and hold a Warehouse Management System market valuation of USD 11.28 billion, by the end of the forecast to 2030. A warehouse management systems Market helps to manage operations in the warehouse productively and efficiently. These systems include dock management, yard management, labour management, inventory control, among others. Operations and maintenance, system integration, consulting, and software are the different types of warehouse management systems that have wide applications in retail, transportation, and logistics, pharmaceutical, electronics, and others.

 

Various factors are propelling the global warehouse management system market share. According to the recent MRFR market estimates, such factors include the development of digital technology, growth of e-commerce, need for omni-channel fulfilment, labour efficiency, supply chain platform integration, growing digitalization, increasing consumer adoption of e-commerce industries, need for versatile software to tackle barcodes, moment of goods, smart scales, among others.

 

On the contrary, initial high investment, the dominance of ERP vendors, lack of awareness, and the impact of the COVID-19 pandemic are factors that may limit the global warehouse management system market growth over the forecast period. 

 

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           Key Players; -

  • HighJump Software Inc
  • Oracle Corp.
  • SAP AG
  • Tecsys
  • Infor Inc.
  • JDA Software Group Inc.
  • Manhattan Associates Inc.
  • Logfire Inc.
  • Softeon Inc.
  • Interlink Technologies

Market Segmentation 

 

The MRFR report highlights an inclusive segmental analysis of the global warehouse management system market based on application and type. 

 

By type, the global warehouse management system market is segmented into operations and maintenance, system integration, consulting, and software. Of these, the software segment will lead the market over the forecast period for the increasing awareness of WNS software among SMEs coupled with the surging adoption of cloud-based WMS software solutions.

 

By application, the global warehouse management system market is segmented into retail, transportation, and logistics, pharmaceutical, electronics, and others. The others segment includes personal care, automotive, and food beverage. Of these, the food and beverage segment will spearhead the market over the forecast period for the growing consumer demand for food and beverages and the rising implementation in warehousing facilities. 

 

Regional Analysis 

By region, the warehouse management system market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Among these, Europe will have the lions share in the market over the forecast period. Rising awareness about cloud-based warehouse management systems Market and advances in warehouse management systems are adding to the global warehouse management system market growth in the region.

 

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In North America, the warehouse management system market will have healthy growth over the forecast period. The presence of big companies with distribution operations and global warehousing, and wide networks of 3PL companies are adding to the global warehouse management system market growth in the region. 

 

In the APAC region, the warehouse management system market is predicted to have sound growth over the forecast period. Rapid growth in the e-commerce sector coupled with demand for extended WMS solutions for supporting in-store inventory, cloud integration, and order management are adding to the global warehouse management system market growth in the region. Indonesia, Australia, Japan, India, and China have the utmost share in the market. 

 

In the Rest of the World, the warehouse management system is predicted to have steady growth over the forecast period. 

 

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