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Warehouse Management System Market By Component (Hardware, Software, Services), By Deployment (On-Premise, Cloud), By Function (Analytics & Optimization, Labor Management System, Billing & Yard Management, Consulting Services, Systems Integration & Maintenance), By End-Use Industry (Transportation & Logistics, Consumer Goods, Chemicals, Manufacturing, Healthcare) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

"Rapid Growth in Real-time Sales Tracking predicted to uplift the Global Warehouse Management Systems Market."

The global warehouse management systems market stood at US$ 3.41 Bn in the year 2018 and is expected to reach US$ 12.53 Bn by 2027, expanding at a CAGR of 15.6% during the forecast from 2019 to 2027.

Increasing complexity in the supply chain has stressed distribution management. Furthermore, volatility in demand and supply, along with ever-changing consumer preferences, has significantly affected warehouse operations. Warehouse Management System (WMS) helps maintain an inventory with live tracking of sales and production to meet consumer demand in less time. This system also provides flexibility to work adjacently in changing business and market conditions. In other words, the warehouse management system is a combination of hardware, software, and services that smartly reduces human effort in inventory management.

Market Synopsis

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Component Analysis

"Warehouse Management Services expected to witness a Flourishing Growth during the Forecast Period."

Software is expected to dominate the global warehouse management systems market during the forecast period owing to increasing awareness of WMS software in small & medium enterprises. In addition, a trend shift from an on-premise system to a cloud-based system has proliferated the WMS software demand magnificently. However, the integration of artificial intelligence with WMS software enhances the consumer experience to another level. They help in the management of inbound & outbound operations, order & fulfillment management, sales tracking, and many more.

On the contrary, services are expected to witness escalating growth during the forecast period. The prime factors attributed to the segment growth is mainly the prominent rise in third-party inventory management services due to the lack of sufficient warehouse space available with the companies. In addition, these services seek circulation in demand from different small and medium enterprises.

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End-use Industry Analysis

"Food & Beverage Captured Lucrative Market Revenue Share in the year 2018."

The food & beverage industry witnessed lucrative growth over the forecast period and significant revenue share in 2018. The burgeoning growth of the segment is mainly due to the volatility in demand & sales coupled with rapidly changing consumer preferences over a minor time frame. Furthermore, the rising trend of packaged & processed food, increasing concern for food safety, and surge in the number of online retail companies have largely transformed the food & beverage industry and developed an impulsive pressure in fulfilling consumer demand on time. Inventory management helps optimize food safety and reduces the wastage of perishable goods. Also, optimizes the packaging and transit process that reduces the cost.

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Regional Analysis

"The Asia Pacific registered the fastest growth over the Forecast Period."

The Asia Pacific is projected to flourish prominently between 2018 & 2027. The regional growth is attributed to the rapid growth in e-commerce, manufacturing, and retail sectors, especially in developing nations such as India, China, and Indonesia. China is one of the major revenue contributors in the retail and e-commerce industry. In addition, the country has a huge manufacturing sector along with a rising preference for domestic production. Therefore, the above factors are significantly burgeoning the warehouse management systems trend in the Asia Pacific.

Key Players & Competitive Landscape:

"Rising Investment on Research & Development expected to sour the Warehouse Management System Demand in the Coming Years."

The global warehouse management systems market is highly competitive and still reflects nascent behavior due to ongoing innovation and integration in software and solutions. As a result, market players are largely focused in expanding their portfolio and global reach through mergers and acquisitions of warehouse management solution providers.

List of Companies Covered:

  • Epicor Software
  • Manhattan Associates
  • JDA Software Group Inc.
  • PSI Logistics GmbH
  • HighJump Software
  • Blujay Solutions Ltd.
  • Oracle Corp.
  • Softeon
  • SAP SE
  • Infor
  • Tecsys
  • Synergy Ltd
  • IBM Corp.
  • PTC

Key Industry Development:

  • On March 05, 2020, Softeon introduced a breakthrough in warehouse management solutions. The company has integrated the warehouse management system and execution system capabilities. The powerful solution provides enhanced visibility, optimization, and orchestration for order picking and material handling processes.
  • On March 03, 2020, Blujay Solutions Ltd. acquired Expedient Software, a solution provider for customs software in the logistics sector, especially in New Zealand and Australia. The acquisition helped the company to expand its functional and regional capabilities in the Asia Pacific.
  • On May 21, 2019, Manhattan Associates Inc. launched a new program for the speedy development of robotics and modern distribution system in an alliance with leading solution providers for warehouse automation. The program's inaugural members include Locus Robotics, Kindred AI, Matthews Automation Solutions, VCO Systems, and RightHand Robotics.
  • On July 03, 2019, Epicor Software acquired Majure Data, a warehouse management solution provider. The company helped expand its portfolio in the lumber and building materials market.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The warehouse management systems market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global warehouse management systems market based on component, deployment, function, end-use industry, and geography. Key segments covered in the report are as follows:

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Published Date:  Mar 2020
Category:  Technology & Media
Report ID:   60224
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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