Pune, India, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The global warehouse management system market size was valued at USD 3.50 billion in 2021. The market is projected to grow from USD 3.89 billion in 2022 to USD 9.14 billion by 2029, exhibiting a CAGR of 13.0% during the forecast period.
This information is provided by Fortune Business Insights, in its report titled, “Warehouse Management System Market Forecast, 2022-2029.”
Key Industry Development:
July 2022: Q&L Industrial Services, a Slovakian logistics company, according to an announcement from Infor, is switching to the Infor WMS cloud system to improve the efficiency of stock operations. For its clients, Q&L offers quick and accurate assistance.
Request a Sample Copy of the Research Report:
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 13.0% |
| 2029 Value Projection | USD 9.14 Billion |
| Base Year | 2021 |
| Warehouse Management System Market Size in 2021 | USD 3.50 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 140 |
| Segments covered | Deployment, Type, Industry and Geography |
| Warehouse Management System Market Growth Drivers | Rapid Growth in e-Commerce to Drive Market Growth |
Significant Changes in Demand Cycle Across Industries Amid Pandemic to Boost Market Growth
The operational activities of all industries have been considerably impacted by the pandemic. With the aid of cloud-based technology, businesses switched to online solutions and deployed warehousing solutions. These cloud-based solutions save costs by requiring a smaller upfront investment, accelerate implementation, and improve scalability and flexibility in response to changes in business needs and expansion. In response to the COVID-19 pandemic, industrial companies are increasingly implementing digital technologies, including automation, digitalization, and the cloud, which is driving the warehouse management system market growth.
Click here to get the short-term and long-term impact of COVID-19 on this Market:
Drivers and Restraints:
Rapid Growth in e-Commerce to Drive Market Growth
The market for warehouse management system is anticipated to grow as e-commerce businesses require greater forecasting and monitoring capabilities for their facilities. To maintain demand and considerable cargo movement in the expanding e-commerce sector, continuous inventory and equipment tracking is required. It handles the shelf, bin, and pallet positions, keeps better returns records, and records inventories, commodities, and orders.
Segments:
Ease of Module Integration to Fuel Cloud-based System Demand
Based on deployment, the market is bifurcated into cloud and on-premise. Cloud is expected to gain highest CAGR during the forecast period as it offers real-time data transfer to support quick business operations.
Growing Demand for Inventory Capabilities to Boost Supply Chain Module Growth
Based on type, the market is bifurcated into standalone, enterprise resource planning module, and supply chain module. Supply chain module to gain maximum segment share during the forecast period.
Growing Focus on Efficient Business Process to Surge Discrete Industries CAGR
Based on industry, the market is bifurcated into discrete industries, process industries, and others. Discrete industries to witness rapid growth rate along with dominant segment share during the forecast period.
In terms of region, the market is divided into five key regions, North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
Report Coverage:
The report presents a systematic study of the market segments and thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as the future opportunities is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the market growth.
Have Any Query? Ask Our Experts:
Regional Insights:
North America to Lead Stoked by Existence of Crucial Players
During the projected period, North America is anticipated to lead the global market. The logistics sector in the U.S. contributes over 10.0% to GDP overall and was projected to reach nearly USD 175.0 trillion in 2022.
The Asia Pacific region is anticipated to experience rapid expansion during the anticipated timeframe. The evolution of industrial verticals including BFSI, manufacturing, and transportation management & logistics is one of the main drivers of the region's growth.
The rapid development of industry 4.0 and IoT in Europe is driving market growth.
The warehouse management system market share is likely to increase in the region due to the quick adoption of digital solutions across industries in South America and the growing emphasis on on-time deliveries to satisfy customer expectations.
Competitive Landscape:
Important Business-related Announcements by Key Players to Influence Market Dynamics
Fundamental warehouse management system companies often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.
Access Full Report:
https://www.fortunebusinessinsights.com/checkout-page/101788
List of Key Players Mentioned in the Report:
- Microsoft Corporation (U.S.)
- Oracle Corporation (U.S.)
- Infor Inc. (U.S.)
- SAP SE (Germany)
- Manhattan Associates, Inc. (U.S.)
- Korber AG (Hamburg, Germany)
- Fishbowl Inventory (U.S.)
- Tecsys Inc. (Canada)
- 3PL Central LLC (U.S.)
Major Table of Contents:
- Global Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Deployment (USD)
- Cloud
- On-premise
- By Type
- Standalone
- Enterprise Resource Planning Module
- Supply Chain Module
- By Industry (USD)
- Discrete
- Process
- Others
- By Region (USD)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Deployment (USD)
- Cloud
- On-premise
- By Type
- Standalone
- Enterprise Resource Planning Module
- Supply Chain Module
- By Industry (USD)
- Discrete
- Process
- Others
- By Country (USD)
- United States
- Canada
- Mexico
- South America Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Deployment (USD)
- Cloud
- On-premise
- By Type
- Standalone
- Enterprise Resource Planning Module
- Supply Chain Module
- By Industry (USD)
- Discrete
- Process
- Others
- By Country (USD)
- Brazil
- Argentina
- Rest of South America
- Europe Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Deployment (USD)
- Cloud
- On-premise
- By Type
- Standalone
- Enterprise Resource Planning Module
- Supply Chain Module
- By Industry (USD)
- Discrete
- Process
- Others
- By Country (USD)
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
