Pune, India, Oct. 07, 2022 (GLOBE NEWSWIRE) -- The global warehouse management system market size is expected to benefit from growing e-commerce industry. Fortune Business Insights™, in its report, titled “Warehouse Management System (WMS) Market Size, Share & Industry Analysis, By Component, By Deployment (On-cloud, On-premise), By Type (Tier 1 (Advanced), Tier 2 (Intermediate), Tier 3 (Basic)), By End-Use (3PL (3rd Party Logistics), Automotive, Food & Beverages, Healthcare, E-Commerce, Chemicals) and Regional Forecast, 2019-2026.”, offers detailed overview of the market during the forecast period.
Industrial Developments:
January 2018: HighJump, a worldwide logistics solutions provider, launches HighJump Warehouse Edge, a warehouse management suite for small and medium enterprises. This will help the businesses to manage their day-to-day affairs efficiently.
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What does the Report Include?
The report offers meticulous information on the warehouse management system (WMS) market that is well-researched using several methodologies and market analysis. Furthermore, it explains in detail the drivers, restraints, trends, and challenges that the market could possibly witness. Additionally, this report offers our readers with information on competitive landscape, emphasizing on latest acquisitions, business expansion plans, launches, and newly adopted technologies which renders all-inclusive information of leading players.
Drivers and Restraints:
Rising E-commerce Industry Will Favor Growth
Back in 2018, Amazon’s Prime Day resulted in the company selling goods worth $4.2 billion online in a period of 36 hours. The trend was clear; e-commerce was expected to rise in the forthcoming years. Standing true to this, today e-commerce industry is growing and is projected to grow by about $4.88 trillion in 2021. This rise is expected to boost the warehouse management system market share during the forecast period. E-commerce websites with stiff competition need proper management of inventory holding along with controlling its operational cost. A good warehouse management system (WMS) will help the companies to efficiently utilize their operational assets and manpower. With rising e-commerce industry, the demand for good warehouse management system (WMS) is expected to rise significantly. This will impact the growth of the market considerably during the projected horizon.
Regional Analysis:
Presence of Large Industries Will Lead to Market Dominance by North America
The warehouse management system (WMS) market share is distributed into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and AFRICA. Among these regions, factors such as presence of large industries with the warehouse and distribution operation and third party logistics will lead to market dominance by North America during the forecast period. Asia-Pacific will expand gradually and contribute to the growth of the market during the projected horizon. This is ascribable to factors such as increasing importance for domestic production and developing e-commerce business in countries such as India and China.
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By Deployment
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By Type
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By End-Use
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By Geography
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A warehouse management system (WMS) is a type of software application that is specially designed to manage and optimize warehouse operations and functions. It integrates with the company’s back-office, sales, and service processes to increase efficiency and productivity for its financial accounting, analytics, order and bill management, supply chain management, and others. For instance, in e-commerce, consumers prefer to buy product online and also expect hassle-free return if the product does not suit their taste. To fulfill this, the businesses should be able to respond quickly to the consumer demands. A warehouse management system (WMS) provides efficiency for the businesses to align their inventory management and services to cater to the demands of the consumer.
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Competitive Landscape:
Softeon Introduces its Breakthrough Warehouse Management System (WMS)
The warehouse management system (WMS) market revenue encompasses several companies striving to gain maximum out of the market. Various strategies like product innovation, development, and mergers and acquisitions are being adopted by them to maintain market stronghold during the projected horizon. For instance, in March 2020, Softeon, a leading global supply chain software provider, launched its new warehouse management system (WMS) along with new warehouse execution system (WES). The benefits of this product includes improvements in productivity, and considerable enhancement in labor planning.
List of the Companies Operating in the Market:
- Epicor Software
- HighJump Software
- Tecsys, Inc.
- Infor Inc.
- JDA Software Group, Inc.
- LogFire Inc.
- Made4net LLC.
- Manhattan Associates Inc.
- Oracle Corporation
- Reply
- SAP SE
- Softeon, Inc.
- Synergy Logistics Ltd.
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