The global warehouse management systems market size is anticipated to reach USD 8.1 billion by 2028, growing at a CAGR of 15.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for warehouse management systems (WMS) based on the Software-as-a-Service (SaaS) model. Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software irrespective of the organization’s size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium- and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation.
Large-scale
companies are also switching to cloud-based WMS as it allows organizations to
offload exhausting tasks, such as maintenance, infrastructure administration,
timely upgrades, and other tasks that are carried out on the on-premise
software. Cloud enables businesses running on conventional on-premise
technologies to transit to a platform that will support and cater to their
clients’ needs more efficiently. Low upfront cost and shorter implementation
time are key factors that are encouraging companies to adopt cloud-based
systems.
In
the healthcare ecosystem, a WMS ensures that medical equipment and medicines
are supplied on time. Also, it continuously updates the database of the
inventory moving in and out of a warehouse, which prevents the shortage of
inventory. Furthermore, in the healthcare domain, continuous sharing of
information and transparency of all processes are the critical factors for
efficient warehouse management. Warehouse management system enables complete
transparency of logistic activities and enables proper tracking of medical
devices and medicines. Similarly, in the food & beverage industry, it ensures
optimized picking, directed put away, and rotation of stock based on its expiry
date.
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Warehouse
Management Systems Market Report Highlights
- The WMS
market is anticipated to witness substantial growth during the forecast
period due to the changing supply chain models of product manufacturers
and rapidly growing consumer demand, especially in the transport &
logistics and retail sectors
- The software
segment is expected to register the highest CAGR over the forecast period
owing to the increasing adoption of WMS software by Small- and Mid-sized
Enterprises (SMEs) worldwide
- The cloud
segment is expected to register the fastest CAGR from 2021 to 2028 owing
to numerous functionalities offered by cloud-based WMS over the
traditional on-premise WMS
- Transportation
& logistics is expected to be the fastest-growing application segment
over the forecast period owing to the rising need for technologically
advanced WMS that can help logistics companies to keep their operations
aligned with the ever-demanding market
- Asia Pacific
is expected to register the fastest CAGR during the forecast period due to
the high influx of e-commerce players in the region
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Warehouse
Management Systems Market Segmentation
Grand View Research has
segmented the global warehouse management systems market on the basis of
component, deployment, function, application, and region:
WMS Component
Outlook (Revenue, USD Million, 2016 - 2028)
- Software
- Services
WMS Deployment
Outlook (Revenue, USD Million, 2016 - 2028)
- On-Premise
- Cloud
WMS Function
Outlook (Revenue, USD Million, 2016 - 2028)
- Labor Management System
- Analytics & Optimization
- Billing & Yard Management
- Systems Integration & Maintenance
- Consulting Services
WMS Application
Outlook (Revenue, USD Million, 2016 - 2028)
- Transportation & Logistics
- Retail
- Healthcare
- Manufacturing
- Food & Beverage
- Others
WMS Regional
Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Middle East & Africa
List of Key
Players of Warehouse Management Systems Market
- Epicor
- Körber AG (HighJump)
- Infor
- Made4net
- Manhattan Associates
- Oracle
- PSI Logistics
- Reply
- SAP
- Softeon
- Synergy Ltd.
- Tecsys
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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