New York, United States , May 15, 2023 (GLOBE NEWSWIRE) -- The Global Warehouse Management Systems Market Size is to grow from USD 3.65 billion in 2022 to USD 15.39 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 15.48% during the projected period. The rising adoption of WMS to optimize workforce and storage utilization in various applications in several industries such as e-commerce, retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and others are expected to boost the demand for the warehouse management system market during the forecast period.
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A warehouse management system, or WMS, is a software application that manages supply chain fulfilment activities from the shipping center to the retail location and gives users access to a company's entire inventory. A warehouse management system decreases turnaround time, accelerates delivery, and lowers distribution costs. Furthermore, third-party logistics businesses, B2B distribution organizations, and other manufacturing corporations employ the Warehouse Management System (WMS) software. Moreover, IoT lends itself nicely to automation, which can assist to accelerate workloads and provide better visibility into warehouse processes. The Internet of Things is a network of networked gadgets with built-in sensor networks that send and gather data in real-time. Furthermore, government financing for the increased installation of smart warehouse management systems is propelling the warehouse management systems market forward.
Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on “Global Warehouse Management Systems Market Size, Share, and COVID-19 Impact Analysis, By Offering (Software and Services), By Deployment Type (On-premise and Cloud), By Application (Labor Management System, Analytics & Optimization, Billing & Yard Management, Systems Integration & Maintenance, Consulting Services, Others), End-Use (E-Commerce, Retail & consumer goods, Healthcare & Pharmaceuticals, Manufacturing, Food & Beverages, Transportation & Logistics, Automotive, Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here:
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The services segment is dominating the market with the largest market share over the forecast period.
On the basis of offering, the global warehouse management systems market is segmented into the software and services. Among these, the services segment is dominating the market with the largest market share of 78.32% over the forecast period. Consulting, system integration, operation, and maintenance services are all part of the services division. WMS providers can outsource warehouse operations to third-party partners as a service.
The analytics & optimization segment is witnessing significant CAGR growth over the forecast period.
On the basis of application, the global warehouse management systems market is segmented into the labour management system, analytics & optimization, billing & yard management, systems integration & maintenance, consulting services, and others. Among these, the analytics & optimization is witnessing significant CAGR growth over the forecast period. Warehouse operations have gotten increasingly complex as a result of rapid technological advancements and increased demand for more efficient storage solutions. As a result, modern warehouse management operations require greater transparency and information access throughout all processes so that the data acquired can be used to efficiently reduce costs, maximize income, and improve workflows.
The e-commerce segment accounted the largest market share of more than 38.7% over the forecast period.
On the basis of end-use, the global warehouse management systems market is segmented into e-commerce, retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive, and others. Among these, e-commerce is dominating the market with the largest market share of 38.7% over the forecast period. The rise of the e-commerce sector can be attributed to the increasing popularity of electronic payment methods, social media advertising, internet-based transaction processing, and data interchange via the internet.
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Asia Pacific dominates the market with the largest market share over the forecast period.
Asia Pacific is dominating the market with more than 35.7% market share over the forecast period. The continued presence of developing countries in the Asia Pacific region, such as China, Japan, India, and South Korea, is helping to the growth of the Warehouse Management System market in this area. Furthermore, the Indian government's Make in India strategy has created opportunities for manufacturing and warehousing facilities in the country. North America is expected to register a rapid revenue growth rate for the warehouse management systems market during the forecast period. Additionally, as the e-commerce industry grows, consumer tastes for higher-quality, better-performing products shift, contributing to revenue growth in the North American warehouse management systems market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Warehouse Management Systems Market include Manhattan Associates, Inc., Oracle Corporation, EPICOR, HighJump Software, Inc. (Korber), PSI Logistics, Synergy Ltd, Made4net, 3PL Central LLC, Tecsys, Infor, Fishbowl Inventory, IBM, Softeon, Infoplus Commerce, SAP, Blue Yonder Group, Inc., and among others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
In March 2023, PSI Polska sp. z o.o. has been authorized the implementation of the Warehouse Management System PSIwms 2022 Omnichannel with an emphasis on e-commerce distribution by the Polish distributor of educational books Edu-Ksika sp. z o.o. The system will replace the existing legacy system and is based on a pre-configured version for omnichannel workflows. E-commerce accounts for up to 80% of the shipping volume at the Lublin facility. PSIwms will replace the present warehouse management system in order to optimize logistical procedures.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Warehouse Management Systems Market based on the below-mentioned segments:
Warehouse Management Systems Market, Offering Analysis
- Software
- Services
Warehouse Management Systems Market, Deployment Type Analysis
- On-premise
- Cloud
Warehouse Management Systems Market, Deployment Type Analysis
- Labor Management System
- Analytics & Optimization
- Billing & Yard Management
- Systems Integration & Maintenance
- Consulting Services
- Others
Warehouse Management Systems Market, End-Use Analysis
- E-Commerce
- Retail & consumer goods
- Healthcare & Pharmaceuticals
- Manufacturing
- Food & Beverages
- Transportation & logistics
- Automotive
- Others
Warehouse Management Systems Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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