Global Warehouse Management Systems Market Is Projected To Expand At A CAGR of 15.5% By 2028

The global warehouse management systems market was worth around USD 2.79 billion in 2021 and is estimated to grow to about USD 7.52 billion by 2028, with a compound annual growth rate (CAGR) of approximately 15.5 percent over the forecast period. The report analyzes the warehouse management systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the warehouse management systems market.

A warehouse management system is a software solution that provides visibility into a company's full inventory and oversees supply chain fulfillment activities from the warehouse to the retail shelf. Warehouse Management Systems (WMS) solutions also assist businesses to maximize labor and space efficiency, as well as equipment expenditures, by coordinating and optimizing resource consumption and material movements. WMS systems, in particular, are intended to meet the demands of a worldwide supply chain, encompassing distribution, asset-intensive, manufacturing, and service organizations.

The global warehouse management systems market is flourishing at a rapid rate owing to expanding numbers of warehouses, growing adoption of digital technologies, and increasing need to streamline inventory records & logistics. Additionally, the WMS system facilitates numerous advantages including enhanced customer experience, rise in operational efficiency, and seamless integration. Owing to such factors, a large number of enterprises are adopting warehouse management systems which in turn is fostering the market growth. Further, a rapidly expanding e-commerce platform leading to a rise in acceptance of WMS solutions for effective packaging, processing, and shipment is fueling the market growth. Moreover, the increase in adoption of cloud-based WMS coupled with the introduction of such systems by key players is further boosting the growth of the market. In addition to this, technological advancements and the introduction of robotics & drones are some of the key aspects that may drive the growth of the global warehouse management systems market during the forecast period. However, a requirement of large investment for setting up a premise warehouse management system for small and medium-sized enterprises may hamper the growth of the global market.

Browse the full “Warehouse Management Systems Market By Offering (Software, Services), By Tier (Advanced WMS (Tier 1), Intermediate WMS (Tier 2), and Basic WMS (Tier 3)), By Industry (Third Party Logistics (3PL), Automotive, Food & Beverages, Healthcare, E-commerce, Chemicals, Electricals & Electronics, Metals & Machinery, and Others) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/warehouse-management-systems-market

The global warehouse management systems market is categorized based on offering, tier type, industry, and region. Based on offering, the market is segregated as software and services. Among these, the software segment holds a major share of the market whereas, the services segment is expected to grow at a rapid rate over the forecast period. The tier type segment of the market is bifurcated as advanced WMS, intermediate WMS, and basic WMS. By industry, the global market is divided into automotive, third-party logistics (3PL), food & beverages, healthcare, chemicals, metals & machinery, e-commerce, electricals & electronics, and others. Among these, third-party logistics (3PL) segment holds a significant share of the market.

North America is likely to remain the largest market for warehouse management systems over the forecast period. Key factors such as the presence of a large number of manufacturing companies, wide network of 3rd party warehouses, increasing digitalization in warehouse technologies, and high spending power of enterprises on digital technologies are contributing to the strong growth of the market in North America. The United States is projected to contribute a major share in terms of revenue in the regional market. Whereas, market in Canada is expected to grow at the highest year on year growth. Asia Pacific is projected to make a significant shift in the global warehouse management systems market. Asia Pacific is the manufacturing house for many industries. Emerging countries such as China and India operate large automobile, food & beverage, chemical, and pharma sectors. These all sectors require warehouses at a larger scale. Also, a progressive shift in digitalization is expected to increase the adoption of warehouse management systems in current and new warehouses in these nations.

Recent Developments:

• Manhattan Associates introduced a unique Manhattan Active warehouse management solution in May 2020, a cloud-based enterprise-level warehouse management system that integrates all aspects of distribution and never has to be upgraded.
• In August 2021, Lucas Systems, the largest provider of voice and warehouse optimization software for shipping and distribution facilities, revealed a collaboration with Fetch Robotics, located in Silicon Valley, to empower the next generation of smart warehouses.

Major players operating in the global warehouse management systems market include Infor Inc., Tecsys, Inc., SAP SE, Oracle Corporation, HighJump Software Inc., Interlink Technologies, Softeon, Inc., Logfire, Inc., Manhattan Associates, Inc., and Jda Software Group, Inc.

By Offering

• Software
• Services

By Tier Type

• Advanced WMS (Tier 1)
• Intermediate WMS (Tier 2)
• Basic WMS (Tier 3)

By Industry

• Third Party Logistics (3PL)
• Automotive
• Food & Beverages
• Healthcare
• E- commerce
• Chemicals
• Electricals & Electronics
• Metals & Machinery
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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