Warehouse Management System (WMS) Market Size, Strategic Outlook and Covid – 19 Impact By 2028
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Increasing application among various end-use industries and rising adoption of cloud-based WMS are factors driving warehouse management system growth
VANCOUVER, BC, CANADA, August 23, 2021 /EINPresswire.com/ — The global warehouse management system market size is expected to reach USD 8.15 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by increasing application of WMS across various end-use industries such as manufacturing, healthcare, transportation & logistics, and retail. Improved accuracy, increased productivity, and cost reduction benefits offered by warehouse management system is boosting its application across various end-use industries. Increasing adoption of cloud-based warehouse management systems is expected to continue to drive revenue growth of the global WMS market during the forecast period. Real time visibility, scalability, lower upfront costs, flexibility, disaster recovery, security and seamless integration offered by cloud-based WMS is augmenting rapid adoption.
Entrance and dominance of Enterprise Resource Planning (ERP) software vendors is expected to boost market revenue growth during the forecast period. Rising demand among IT firms for integrated ERP solutions to reduce complexity is contributing to increasing system integration with ERP. Major players such as SAP, Infor, and Oracle entered the WMS market either by self-developing advanced warehousing modules or through acquisition.
The report is an appropriate prototype of the Warehouse Management System (WMS) industry, entailing a thorough investigation of the global Warehouse Management System (WMS) market. The report serves as a valuable source of data and information relevant to this business vertical. It covers numerous industry aspects, with a special focus on market scope and application areas. The Warehouse Management System (WMS) report identifies the fundamental business strategies employed by industry professionals and offers an insightful study of the value chain and the distribution channels of the global Warehouse Management System (WMS) market. The current industry trends, growth potential, up-to-date outlines, and market restraints have also been analyzed by the authors of the report.
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An extensive analysis of the Warehouse Management System (WMS) market has also been performed, which includes different factors, right from region-centric statistical data and commercial progress to both macro- and micro-economic indicators that are vital to draw a precise forecast. Furthermore, the study gives a comprehensive assessment of the growth prospects, challenges, drivers, hurdles, and the patents observed in the Warehouse Management System (WMS) market. Additionally, the key vendor analysis, product launches, market trends, and revenue generation, have also been furnished in the report to help readers formulate lucrative strategies.
Competitive Scenario:
The Global Warehouse Management System (WMS) Market is consolidated due to the presence of a large number of both domestic and international manufacturers. The international companies are resorting to innovative expansion strategies like mergers and acquisitions (M&A), joint ventures, and collaborations, in order to broaden their product range, thereby increasing the global market share.
It also sheds light on the overall competitive landscape, growth trends, market concentration rate, mergers and acquisitions, joint ventures, collaborations, and other strategic alliances and business expansion tactics adopted by the companies to gain a robust footing in the Warehouse Management System (WMS) market. The report also provides information on the new players entering the market and offers them strategic recommendations to overcome the entry-level barriers and make fruitful business decisions.
Top key Companies in Warehouse Management System (WMS) Market are:
Manhattan Associates, Blue Yonder, Körber AG, Oracle Corporation, SAP SE, IBM, Infor, PSI Logistics GmbH, PTC Inc., and Tecsys Inc.
Segmentation Landscape:
The report further segments the Warehouse Management System (WMS) market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the projected period. The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. These segments are analysed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Warehouse Management System (WMS) industry in key regions.
Emergen Research has segmented the global warehouse management system market on the basis of offering, deployment, function, application, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Software
Services
Deployment Outlook (Revenue, USD Billion; 2018–2028)
On-premise
Cloud
Function Outlook (Revenue, USD Billion; 2018–2028)
Analytics & Optimization
Labor Management System
Systems Integration & Maintenance
Billing & Yard Management
Consulting Services
Application Outlook (Revenue, USD Billion; 2018–2028)
Healthcare
Transportation & Logistics
Manufacturing
Retail
Food & Beverage
Others
Some Key Highlights From the Report:
In May 2020, Manhattan Associates, which is leader in warehouse management software, announced the launch of new Manhattan Active Warehouse Management Solution. The new solution is the first cloud-native enterprise-class warehouse management system in the world, which does not need any upgrading and unifies every aspect of distribution. The new system offers improved speed, ease of use, and adaptability within distribution management.
Software segment accounted for largest revenue share in 2020. Ability of warehouse management system software to offer visibility into the entire inventory of a business and manage supply chain fulfillment operations – from the distribution center to store shelf – are key features expected to drive revenue growth of this segment.
Cloud segment revenue is expected to expand at a rapid CAGR during the forecast period. Rising adoption of cloud-based warehouse management system among various end-use industries is expected to continue to drive revenue growth of the cloud segment during the forecast period.
Systems integration & maintenance segment accounted for a significantly large revenue share in the global warehouse management system market in 2020. WMS integration allows retail order management system and a warehouse management system to pass inventory information in order to keep inventory information in both systems accurate, which is boosting deployment and driving revenue growth of this segment.
Transportation & logistics segment revenue is expected to expand at a rapid CAGR during the forecast period. Rising need to increase productivity and efficiency of warehouses and enhance operations is boosting deployment of WMS in transportation & logistics.
North America accounted for largest revenue share contribution to the global warehouse management system market in 2020. Presence of major players such as Manhattan Associates, Blue Yonder, Oracle Corporation, IBM, Infor, PTC Inc., and Tecsys Inc. is expected to continue to boost revenue growth of the North America market growth during the forecast period.
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Regional Landscape:
Geographical distribution of the Warehouse Management System (WMS) market includes analysis of the leading players present in the key regions of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report offers valuable insights into the market size, share, growth rate, production and consumption rate, supply and demand ratio, import/export, revenue contribution, and strategies adopted by the prominent companies located in each region. Overall, the report offers deep insights into the current and emerging trends of the Warehouse Management System (WMS) market, along with the projected growth rate over the forecast timeline.
The complete regional analysis covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The Global Warehouse Management System (WMS) Market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.
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Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Warehouse Management System (WMS) market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Warehouse Management System (WMS) market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Warehouse Management System (WMS) market.
Key reasons to buy the Global Warehouse Management System (WMS) Market report:
The latest report comprehensively studies the global Warehouse Management System (WMS) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the Warehouse Management System (WMS) market.
It offers a detailed account of the end-use applications of the products & services offered by this Warehouse Management System (WMS) industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the Warehouse Management System (WMS) market rivals for ideal business expansion.
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August 23, 2021, 11:35 GMT
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