Home / Press Release / Global Warehouse Management Systems Market Garnered US$ 3.41 Bn In The Year 2018

Global Warehouse Management Systems Market Garnered US$ 3.41 Bn In The Year 2018

According to a new market research report published by Credence Research, “Warehouse Management Systems Market - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the warehouse management systems market was valued at US$ 3.41 Bn in the year 2018 and expected to reach US$ 12.53 Bn by the year 2027, expanding at a CAGR of 15.6% during the forecast from 2019 to 2027.

Market Insights

"Increasing Demand for Warehouse Services expected to spur the Warehouse Management Systems demand over the Forecast Period"

Warehouse management is as important for a company as its production management. This is because it helps in achieving economies of scale in production or purchasing, reduces transportation cost, and further reduces the response time. Hence, companies have drastically improved their warehousing operation over the past years to sustain in the highly competitive market. However, new transformations in warehouse industry expected in the near future owing to emergence of new technologies and disruptive thinking regarding workflow and space. Technologies such as barcode readers, mobile computers, wireless devices, and small inventory robots have brought several disruption in the warehouse management.

These days, companies are significantly investing in mobile technologies as they increases the inventory turn and reduces cost remarkably. In addition, Automatic Identification and Data Collection (AIDC) coupled with mobility provides real-time data for business driven decision making. Real-time inventory data also helps in maintaining a record of sales and production. In addition, rising concern of land availability is burgeoning the warehouse management systems growth.

The global warehouse management systems market is highly competitive owing huge volatility in the consumer demand. In addition, market players invest significantly on the enhancement & feature addition of the existing solution to improve the customer satisfaction. Present market mainly focuses on the AI and algorithm integration in the existing software that makes it nascent. Furthermore, the global WMS market presents dynamic opportunities in the forthcoming years.

Industrial Developments

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/warehouse-management-system-market

 The Global Warehouse Management System Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Component Segment (2017–2027; US$ Bn)

 By Deployment Segment (2017–2027; US$ Bn)

 By Function Segment (2017–2027; US$ Bn)

 By End-use Industry Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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