Dublin, July 28, 2022 (GLOBE NEWSWIRE) -- The "Warehouse Management System Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global warehouse management system market.
This report focuses on warehouse management system market which is experiencing strong growth. The report gives a guide to the warehouse management system market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Major players in the warehouse management system market are Manhattan Associates, Oracle Corp., Infor, PTC, SAP SE, PSI Logistics GmbH, IBM Corp., Tecsys, Blue Yonder, Honeywell International Inc, Technology Solutions (UK) Ltd, HighJump Software, Synergy Ltd, Made4net and JDA Software Group Inc.
The global warehouse management system market is expected to grow from $2.39 billion in 2021 to $2.74 billion in 2022 at a compound annual growth rate (CAGR) of 14.77%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.83 billion in 2026 at a CAGR of 15.15%.
The warehouse management system market consists of sales of warehouse management services by entities (organizations, sole traders and partnerships) which are used by companies to manage and control daily warehouse operations, from the moment goods and materials enter a distribution or fulfilment centre until the moment they leave. Warehouse management systems include inbound logistics and outbound logistics tools for picking and packing processes, resource utilization, analytics, and others.
The main warehouse management system offerings include software and services. Warehouse management system software are used to control and manage daily warehouse operations. The warehouse management system software helps in managing and controlling regular warehouse operations. It directs inventory in managing, picking, and shipping of orders, and guides the system automatically on picking and shipping items.
The different warehouse management system deployment modes include on premises and cloud. The warehouse management system functions include labor management system, analytics and optimization, billing and yard management and systems integration and maintenance, which are used for applications in transportation and logistics, healthcare, retail, manufacturing, food and beverage and other applications.
North America was the largest region in the warehouse management system market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing demand from e-commerce companies for larger warehouses with better tracking and forecasting is expected to drive the warehouse management system market. The growing e-commerce industry requires continuous tracking of all the equipment and inventory forecasting to keep up the demand and maintain larger cargo movement.
For instance, a study from a research firm Knight Frank reported that the annual warehousing transactions in India are expected to increase from 31.7 million square feet in 2021 to 76.2 million square feet in 2026. Therefore, increasing demand from e-commerce companies is expected to boost the market during forecast period.
Technological advancement is a key trend gaining popularity in the warehouse management system market. Technological advancement is a discovery of knowledge that advances technology. For instance, in May 2020, a US-based provider of technology solutions for distribution centers launched the Manhattan Active Warehouse Management solution, which marks the world's first cloud-native enterprise-class warehouse management system (WMS). The new warehouse management system unifies every aspect of distribution and contains unified control, which allows management team members to quickly visualize, diagnose and take action anywhere in their supply chain.
The countries covered in the warehouse management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Warehouse Management System Market Characteristics
3. Warehouse Management System Market Trends And Strategies
4. Impact Of COVID-19 On Warehouse Management System
5. Warehouse Management System Market Size And Growth
5.1. Global Warehouse Management System Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Warehouse Management System Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Warehouse Management System Market Segmentation
6.1. Global Warehouse Management System Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Software
- Services
6.2. Global Warehouse Management System Market, Segmentation By Deployment, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- On Premises
- Cloud
6.3. Global Warehouse Management System Market, Segmentation By Function, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Labor Management System
- Analytics And Optimization
- Billing And Yard Management
- Systems Integration And Maintenance
6.4. Global Warehouse Management System Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Transportation And Logistics
- Healthcare
- Retail
- Manufacturing
- Food And Beverage
- Other Applications
7. Warehouse Management System Market Regional And Country Analysis
7.1. Global Warehouse Management System Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Warehouse Management System Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/zf30b
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