Warehousing plays a vital role in the entire supply chain of an enterprise. The warehouse management system integrates functions such as warehousing business, warehousing business, warehouse allocation, inventory allocation and virtual warehouse management, comprehensive batch management, material correspondence, inventory counting, quality inspection management, virtual warehouse management, and instant inventory management. The management system is used to effectively control and track the entire logistics and cost management process of the warehouse business to achieve comprehensive enterprise warehousing information management.
The global warehouse management system market size was valued at USD 2.77 billion in 2019 and projected to reach USD 6.29 billion, growing at a CAGR of 10.91 % during the forecast period, 2020-2027. The major factors are the rise of the e-commerce industry, emerging multichannel distribution channels, and globalization of supply chain networks. Additionally, the mounting economies across the globe have boosted various sectors, including manufacturing, retail, and healthcare, to achieve highly efficient operations to raise the output and meet consumer demand. It will augment the growth of the market. The surge in the adoption of BYOD in various industries such as retail, 3PL, healthcare, and manufacturing will spur the global warehouse management system in the coming years. Further, the emergence of e-commerce and omnichannel fulfillment requirements in the retail industry will foster the growth of the warehouse management system market. The swelling adoption of smartphones and other mobile devices, the rapidly evolving global e-commerce landscape, and the growing need to control and reduce supply chain inefficiencies will accelerate the growth of the market.
Moreover, the upsurge in demand for WMS in changing supply chain models of product manufacturers and rapidly increasing consumer demand, especially in the transport & logistics and retail sectors, will complement the warehouse management system industry growth. The mounting need to control inventory shrinkage in supply-chains across the globe is anticipated to enhance the warehouse management system demand. Furthermore, the adoption of drones and robots in warehouse management to find items easily stored in vast aisles and on shelves where warehouse workers cannot easily reach will trigger the growth of the global warehouse management system market share in the analysis timeframe.
The e-commerce industry has gone through the development path from e-commerce technology, e-commerce services to e-commerce economy, and experienced from specific technology applications. With the rapid and steady development in recent years, the e-commerce economy has advantages of openness, globalization, low cost, and high efficiency, has widely penetrated the fields of production, circulation, consumption, and people’s livelihood. According to the world retail congress, the United States was the number one e-Commerce market in the world for 2018. There are excellent logistics infrastructure and high demand for cross-border retailers with e-Commerce market revenue totaling USD 504.58 billion this year alone.
Multi-directional promotion channels to achieve network-wide distribution. To mobilize fans and employees to distribute, recruit quickly, and uninterruptedly, directly connect with millions of micro mall merchants and micro shop owners. It also establishes a comprehensive distribution network and multi-directional promotion channels to achieve network-wide distribution. The multichannel sales do have a learning curve and involve some creative problem-solving skills.
Recently, the outbreak of the epidemic, COVID-19, has affected the economy across developed and developing countries globally. The lockdowns across the globe owing to the COVID-19 outbreak, the warehouse, and the storage market took a hit. The e-Commerce businesses are facing issues due to the shortage of labor for warehouse management and operations. In contrast, in the industry like consumer electronics and semiconductors, the data center and communications infrastructure industry is likely to be more resilient with constant strategic investments to support the growing network traffic and data usage for remote areas during the lockdown phase.
Based on the offering, the global warehouse management system market bifurcates into software and services. The software is anticipated to capture the highest revenue share for the warehouse management system during the forecast period. The growth of the segment is based on the upsurge in awareness about WMS software among small and midsized enterprises, globalization of supply chain networks, and the rise in WMS use in the retail and manufacturing sectors.
The services will witness a lucrative growth rate in the estimated period due to the WMS can be provided as a service by third-party vendors, which is outsourced by WMS providers.
Based on the deployment, the global warehouse management system market segregated into on-premise and cloud-based. The cloud-based segment held a higher market share in 2019 and projected to dominate the global warehouse management system market by 2027. It is due to WMS offers a reduction in upfront cost incurred by companies and drastically increases the efficiency of warehouses.
The on-premise will grow at a significant CAGR in the forecast period. It is owing to enhanced data security, better performance and control over data transmission, and easier customizations provided by on-premise warehouse management systems.
Based on the function, the global warehouse management system market segmented into the labor-management system, analytics & optimization, billing & yard management, system integration & maintenance, consulting services, and others. The billing & yard management segment is estimated to witness significant growth over the analysis timeframe due to order picking functionality, one of the most vital features in a warehouse management suite.
Based on the end-user industry, the global warehouse management system market categorized into 3PL, automotive, food & beverages, e-commerce, healthcare, chemicals, electrical & electronics, and others. The 3PL segment will dominate the global warehouse management system market by 2027. It is due to the surge in globalization of supply chain networks, need for efficient order management, and increased outsourcing of logistics and transportation operations.
The food and beverages accounted for the largest share of the warehouse management system market in 2019. It is accounted for changing customer preferences, swelling need for food safety, increasing trend of processed food and packaged eatables, and the mounting number of online retailing companies.
By geography, the global warehouse management system market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to project considerable growth over 2020-2026 due to large companies with global warehousing and distribution operations, growth in the e-commerce industry and developed third-party logistics (3PL) networks.
The Asia Pacific will capture a prominent share of the warehouse management system market by 2027. Due to the considerable growth of the e-commerce and manufacturing industries in emerging economies such as China and India.
C Companies such as HighJump, Manhattan Associates, Oracle, SAP, Softeon, Synergy Ltd., Tecsys, Reply, Infor, Made4net, JDA Software, IBM, Epicor Software Corporation, PTC, Blujay Solutions, and PSI Logistics GmbH are the key players in the global warehouse management system market.
By Offering
By Deployment
By Function
By End-User Industry
By Region
Global Warehouse Management System Market
A Warehouse Management System integrates to control and manage the day-to-day warehouse operations such as warehousing business, warehouse allocation, inventory allocation and virtual warehouse management, material correspondence, comprehensive batch management, inventory counting, quality inspection management, virtual warehouse management, and instant inventory management.
The purpose of the warehouse management system is to provide a set of automated and computerized and procedures to improve efficiency and minimize costs.
The market size of the global warehouse management system is USD 3.12 billion in 2020 and will reach USD 6.29 billion during the forecast period, 2021-2027.
The global warehouse management system is growing at a CAGR of 10.91 % during the forecast period, 2021-2027.
Fishbowl Inventory, Infor Supply Chain Management, Oracle Warehouse Management, JDA WMS, and Tecsys are the best Warehouse management software.
Manhattan Associates, Oracle, HighJump, SAP, Softeon, Synergy Ltd., Tecsys, Reply, IBM, Infor, Made4net, JDA Software, Epicor Software Corporation, PTC, Blujay Solutions, and PSI Logistics GmbH are the top players in the warehouse management system market.
Analyst support
After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.
Customer satisfaction
According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.
Inimitable expertise
Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.
Assured quality
We have created a systematic way to determine standards and satisfy your expectations.
Instant delivery
Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.
Privacy policy
We understand the inkling of your privacy, we will never misuse your email address.
Custom research service
We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.
Quality & accuracy
We provide you with the accurate quality of the customized study of an exclusive report according to your research need.
Data visualization
As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.
Information security
We truly respect your privacy and promise to keep your personal and confidential information safe and secure.