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Warehouse Management Systems Market

Warehouse Management Systems Market

by Component Type (Software, Services), by Deployment Model (On-premise, Cloud Based), by User Type (Small and Medium Sized Enterprises, Large Enterprises), by Industry Vertical (Retail and consumer goods, Healthcare and Pharmaceuticals, Manufacturing, Food and Beverages, Transportation and logistics, Automotive, Other): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A01465
Pages: 275
Apr 2022 | 22426 Views
Author(s) : Rachita Rake , Vineet Kumar
Tables: 170
Charts: 62
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Warehouse Management Systems Market Research, 2030

The Global Warehouse Management Systems Market Size was valued at $2.4 billion in 2020, and is projected to reach $10.6 billion by 2030, growing at a CAGR of 16.3% from 2021 to 2030.

The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. This is attributed to the rapid growth in demand for WMS software due to supply chain disruptions triggered by the COVID-19 pandemic. In addition, there is huge demand for online shopping in several areas, which requires food & beverage, manufacturing, and logistics companies to increase their investments in automation, including the automation of inventory management. Thus, fueling the growth of the market.

The development of digital technology steered the adoption rate of warehouse management systems (WMS) in several applications. Growth of e-commerce & requirements of omni-channel fulfillment, WMS add-on module sales, labor efficiency, cost ownership advantages, and supply chain platform integration are the major factors that supplement the growth of the market. Costly deployment of WMS solutions and dominance of WMS vendors have restrained the Warehouse Management Systems Industry growth.

The global warehouse management system market is influenced by a number of factors, including improved supplier and customer relationships. Factors such as the need for better relationship management impacts both developed and developing economies. WMS reduces the delivery lead times and errors while processing orders. However, costly deployment of WMS solutions is a major restraint of the market. Also lack of process standardization in distribution hinder the growth of the market. Furthermore, suppliers seek greater efficiency and productivity while implementing WMS, which strengthens the supplier-customer relationships which will create opportunity for the WMS market. All these factors collectively create opportunities for market growth.

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The warehouse management systems market is segmented into Deployment Model, Component Type, User Type and Industry Vertical. By components type, the market is segmented into software and services. By deployment mode, it is segregated into cloud and on-premises. Depending on user type, it is fragmented into small & medium sized enterprises and large enterprises. On the basis of industry vertical, it is segregated into retail & consumer goods, healthcare & pharmaceuticals, manufacturing, food & beverages, transportation & logistics, automotive and other. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Depending on component type, the software segment dominated the overall warehouse management system market in 2020 and is expected to continue this trend during the forecast period. This is attributed to increase in the adoption of warehouse management systems among businesses to gain strategic as well as a competitive advantage and strong customer retention over their competitors. In addition, these systems save both, time as well as money, leverage existing data investments, and improve digitization within the supply chain, which provides lucrative opportunities for market growth. However, the services segment is expected to witness the highest WMS market growth in the upcoming year, as it ensures effective coordination between system provider companies and users of warehouse management systems by providing services, such as implementation, training, and consulting services, and managed services. The adoption of software speeds up customer satisfaction in various industry verticals, such as automotive, electronics, food & beverage, transportation & logistics, pharmaceutical and others (retail, household & personal care, manufacturing), which maximizes the value of existing customers by optimizing their needs and minimizes the cost of operation. These further fuels the adoption of services that are needed to handle the software properly.

Warehouse Management Systems Market
By Component Type

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Services segment is projected as one of the most lucrative segments.

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Depending on deployment model, the on-premise segment captured the largest Warehouse Management Systems Market Share in 2020 and is expected to continue this trend throughout the forecast period. This is attributed to the numerous advantages offered by the on-premise deployment such as a high level of data security and safety. Industries prefer on-premise model owing to high data security and less data breach as compared to cloud based deployment models, further drive the demand for on-premise deployment model within the sectors. However, cloud-based WMS system deployment is expected to witnesses the highest share in the upcoming year. This is mainly due to the rise in the adoption cloud-based WMS software, due to low cost and easier maintenance. In addition, it provides flexibility and scalability in order to boost business operation, thus propel the growth of the warehouse management system market. 

Warehouse Management Systems Market
By Deployment Model

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Cloud segment is projected as one of the most lucrative segments.

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Warehouse Management Systems Industry trends in Asia-Pacific is expected to exhibit the highest growth during the forecast period, owing to strong economic growth along with the ongoing development in warehouse management system s and inventory management, which drives organizations to invest heavily in warehouse management system to sustain growth and improve productivity. In addition, factors such as a major shift toward digital transformation, cloud deployment & technological advancement among small & medium businesses, and continuous ongoing modernization in workforce management strategy in emerging economies notably contribute toward the market growth. Furthermore, key players in Asia-Pacific focus on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the warehouse management system market forecast period.

Warehouse Management Systems Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region is expected to witness highest CAGR in the forecasted period.

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Impact of COVID-19 on Warehouse Management System Market.

The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. This is attributed to the rapid growth in demand for WMS software due to supply chain disruptions triggered by the COVID-19 pandemic. In addition, there is huge demand for online shopping in several areas, which requires food & beverage, manufacturing, and logistics companies to increase their investments in automation, including the automation of inventory management. Thus, fueling the growth of the market. Furthermore, the pandemic has caused recessionary economy that has forced various enterprises across the globe to dramatically and rapidly shift their operations. The industries around the globe are being severely affected by the COVID-19 induced recession; however, impact on the technology sector during the crisis was comparatively lesser than the rest of the economy. The lockdowns have encouraged proliferation of new-age automation technologies such as WMS software to manage supply chain disruptions and maintain warehouse inventory.

Top Impacting Factors   

The global warehouse management system market is influenced by a number of factors, including improved supplier and customer relationships. Factors such as the need for better relationship management impacts both developed and developing economies. WMS reduces the delivery lead times and errors while processing orders. However, costly deployment of WMS solutions is a major restraint of the market. Also lack of process standardization in distribution hinder the growth of the market. Furthermore, suppliers seek greater efficiency and productivity while implementing WMS, which strengthens the supplier-customer relationships which will create opportunity for the WMS market. All these factors collectively create opportunities for market growth.

Emergence of SaaS-based on-demand WMS Solutions

Smaller firms and many companies seek for less capital investments and greater flexibility. The on-demand supply chain execution is expected to gain larger share of the market during the forecast period. Smart Turn, a WMS vendor, was among the first to promote this model. Several suppliers have provided their software as a service to get a foothold in the market. The impact of this factor was notable in 2015, and is expected to increase during the forecast period.

eholders

  • This report provides a quantitative analysis of the WMS System market segments, current trends, estimations, and dynamics of the warehouse management systems market analysis from 2020 to 2030 to identify the prevailing warehouse management systems market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the warehouse management systems market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global warehouse management systems market trends, key players, market segments, application areas, and market growth strategies.

Warehouse Management Systems Market Report Highlights

Aspects Details
By Deployment Model
  • On-premise
  • Cloud Based
By Component Type
  • Software
  • Services
By User Type
  • Small and Medium Sized Enterprises
  • Large Enterprises
By Industry Vertical
  • Retail and consumer goods
  • Healthcare and Pharmaceuticals
  • Manufacturing
  • Food and Beverages
  • Transportation and logistics
  • Automotive
  • Other
By Region
  • North America  (U.S., Canada)
  • Europe  (United Kingdom, Germany, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Albania, Algeria, Antarctica)
Key Market Players HighJump Software Inc., Oracle Corporation, SAP SE, Tecsys, Inc., Infor Inc., Jda Software Group, Inc., Manhattan Associates, Inc., Logfire, Inc., Softeon, Inc., Interlink Technologies
 

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The warehouse management system market indicates a favorable picture for the software and services industry. The current business scenario has witnessed increase in the adoption of warehouse management systems in developed as well as the developing regions. This growth is attributed to technological innovation in product offerings, increasing application areas among end-use industries, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities. The global warehouse management system (WMS) market experienced significant growth, as digital technology increased the adoption of these systems in several applications. Furthermore, the global e-commerce boom, improved supplier & customer relationships, and implementation in 3PL propel the WMS market growth. However, the costly deployment of WMS solutions and the dominance of ERP vendors restrain the market growth. WMS is increasingly deployed in Europe, followed by North America, Asia-Pacific, and LAMEA. The highest market share in Europe is attributed to the increase in the adoption of WMS by various industry verticals, particularly the transportation & logistics industry.

Furthermore, industry players are constantly developing advanced solutions to meet customer demand. Different industry verticals face advanced attacks on their IT networks. Out of automotive, electronics, food & beverage, transportation & logistics, pharmaceuticals, and other industries, the transportation & logistics industry has the highest market share due to its increased use for trend analysis and other functionalities across industries. Besides, the WMS software dominated the market and is anticipated to generate the maximum revenue during the forecast period

Nevertheless, prominent market players are exploring new technologies and applications to meet the increase in customer demands. Product launches, collaborations, and acquisitions are expected to enable them to expand their product portfolios and penetrate different regions. Emerging economies provide lucrative opportunities to market players for growth and expansion.

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FREQUENTLY ASKED QUESTIONS?

A. The global warehouse management system market is influenced by a number of factors, including improved supplier and customer relationships. Factors such as the need for better relationship management impacts both developed and developing economies. WMS reduces the delivery lead times and errors while processing orders. Furthermore, suppliers seek greater efficiency and productivity while implementing WMS, which strengthens the supplier-customer relationships which will create opportunity for the WMS market. All these factors collectively create opportunities for market growth.

A. Leading applications of warehouse management system market includes different industries such as Retail and consumer goods, Healthcare and Pharmaceuticals, Manufacturing, Food and Beverages, Transportation and logistics, Automotive, and Others.

A. North America dominates the Warehouse Management Systems Market size in 2020 and is expected to maintain the trend in the forecasted period.

A. The global warehouse management system market size was valued at $2,371.00 million in 2020, and is projected to reach $10,646.62 million by 2030, growing at a CAGR of 16.3% from 2021 to 2030.

A. This report gives an in-depth profile of some key market players in the Warehouse management system market are HighJump Software Inc. (Korber), IBM Corporation, Infor Inc., Jda Software Group, Inc. (Blue Yonder Group, Inc.), Manhattan Associates, Inc., Oracle Corporation, PSI Logistic, SAP SE, Softeon, Inc., and Tecsys, Inc.

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