Sarasota, FL, Jan. 27, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Warehouse Management Systems Market by Component (Software (On-Premise & Cloud) and Services) for Retail, Pharmaceutical, Electronics, Food & Beverage and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”. According to the report, global warehouse management systems market was valued at around USD 1.37 billion in 2016 and is expected to reach approximately USD 3.04 billion in 2022, growing at a CAGR of slightly above 14% between 2017 and 2022.
Warehouse management systems reduce the delivery lead times and errors while processing the orders of product. Therefore, the suppliers get greater efficiency and productivity while implementing warehouse management system and help to build a strong relationship between supplier and customer.
Browse through 17 Market Tables and 21 Figures spread through 110 Pages and in-depth TOC on “Global Warehouse Management Systems Market: By Component, Application, Type, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022”.
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Increasing awareness about the cloud-based warehouse management system is fueling the growth of this market. Warehouse management system allows enterprises to cut expenses of manpower because the system itself can do many things at the same time. With a small number of workers, many things can be accomplished. However, the dominance of ERP vendors and costly deployment of warehouse management system solutions are restraining the market growth of warehouse management system market. Challenges associated with the implementation of the distribution software such as conventional distribution process, lack of awareness regarding advanced warehouse management system solutions, materials handling interface requirements, and other factors result in resource monopolization and operational disruption risks. Many such firms depend on a traditional method such as memory-based processes and paper-based warehouse operations which are hindering the growth of warehouse management system market growth. Nonetheless, technological advancements are predicted to reduce these challenges over the forecast period.
By component, warehouse management system market is segmented into software and services. Software used in warehouse management system is on-premise and cloud. Services include in warehouse management system are system integration, consulting, operation and maintenance. Applications of warehouse management system are retail, food and beverage, pharmaceutical, agriculture and others.
Browse the full "Warehouse Management Systems Market by Component (Software (On-Premise & Cloud) and Services) for Retail, Pharmaceutical, Electronics, Food & Beverage and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022" report at https://www.zionmarketresearch.com/report/warehouse-management-systems-market
Geographically, warehouse management system market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. In Europe advance facilities are used in warehouse management system such as value added services, serial number of tracking product recall, accommodate omni channel which is fueling the warehouse management growth. Germany, Italy and Saudi Arabia are some of the leading market for warehouse management system market. North America is showing moderate growth in warehouse management system due to rising adoption of warehouse management system in various avenues.
Globalization and increasing demand of advance warehouse management system in Asia Pacific are escalating market growth. In addition, increased per capita income in the retail sector is driving the market growth of this market in Asia Pacific. Rising trend of e-commerce or online shopping is helping to spur demand of warehouse management system market in order to meet customer requirement. However, high initial investment and lack of IT infrastructure are restraining the market growth across the globe.
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The key players participate in warehouse management systems are HighJump Software, Infor Inc., JDA Software Group, Inc., Tecsys, Inc., LogFire Inc., Manhattan Associates Inc., Made4net LLC, Oracle Corporation, SAP SE, Reply, Softeon, Inc. and Synergy Logistics Ltd., among others.
Other major prominent players in warehouse management system are Produmex, SmartTurn, Justransform, Indigo Software, Swisslog WMS, SNS, Provia Software, EXE Technologies, Infor/SSA Global, Royal 4 Systems’ Warehouse Information System, Snapfulfil, Synergy Ltd., ERCIM, Yobel SCM, NUO Consulting, and GCM Business Consulting & Technology, among others.
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The report segments global warehouse management systems market as follows:
Global Warehouse Management Systems Market: Component Segment Analysis
- Software
- On-premise
- Cloud
- Services
Global Warehouse Management Systems Market: Application Segment Analysis
- Retail
- Pharmaceutical
- Electronics
- Food & Beverage
- Others
Global Warehouse Management Systems Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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