Global $7 Billion Warehouse Management Systems Market Analysis, Size, Segments, Outlook, and Revenue Forecasts, 2017-2021 & 2022-2028 - ResearchAndMarkets.com

The "Global Warehouse Management Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 By Deployment Type, Component Type, Tier Type, Function Outlook, End-user, and Region" report has been added to ResearchAndMarkets.com's offering.

The Global Warehouse Management Systems Market is expected to record a positive CAGR of ~15% during the forecast period (2022-2028) and reach a revenue of US$ 7 Bn by 2028.

This growth is owing to the development of digital technology in global logistics, including delivery of key performance indicators (KPIs), enhanced supply chain flexibility, and cost-cutting, which have pushed Third-Party Logistics (3PL) and the supply chain sector to adopt warehouse management systems along with the rising e-commerce and customer online purchasing behaviors are anticipated to enhance demand for the warehouse management system.

WMS demand is expected to increase significantly as a result of switching supply chain strategies used by product manufacturers and rising consumer demand, especially in the transport & logistics, and retail industries.

One of the key factors driving the market expansion is the requirement for manufacturers to automate warehouse management procedures and reduce costs globally. The system's capacity to deliver goods as quickly as possible via the shortest shipping routes could be the cause of the system's skyrocketing demand.

Real-time WMS software solutions are rapidly being utilized as a result of a significant shift in consumer purchasing behavior for effective order processing, picking, packaging, shipment tracking, and route planning in the e-commerce industry. WMS enables businesses to swiftly adjust to the shifting client needs in the e-commerce and online retail space.

According to International Trade Administration, an agency in the United States Department of Commerce in 2020 states that of the two consumer focuses, retail consumer goods e-commerce is by far the most dynamic and successful. In 2020, it accounted for 18% of all retail sales worldwide. By 2024, it is anticipated to rise at a rate of over 1% annually, reaching almost 22% of all retail sales worldwide.

Small-scale companies frequently utilize old techniques to run their warehouses. The adoption of WMS is hindered by large initial investments and significant deployment investments.

The adoption of WMS by small-scale enterprises is additionally constrained by the additional expenses associated with license purchases, upgrades, and employee training during the deployment process. Small-scale industries, however, are not aware of the advantages of WMS, which presents a problem for the market's players.

Despite the initial turmoil caused by the COVID-19 pandemic, steady market expansion was made possible by the booming e-commerce sector and a more useful understanding of the benefits of WMS. Additionally, the crisis has quickened the industry's adoption of WMS as well as other warehouse automation solutions.

Competitive Landscape

The global warehouse management systems market is extremely competitive with ~1,000 players, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in supply chain software for multiple end-user industries.

Country-niche players hold the largest market share, while regional players hold the second largest share. Some of the major players in the market include Infor, Oracle, SAP SE, Softeon, Tecsys, IBM Corp., Fishbowl, Manhattan Associates, 3PL Central LLC, Korber AG, Blue Yonder Group, Inc., Microsoft Dynamics 365, and others.

The leading global specialist companies such as Infor, Softeon, Tecsys, Fishbowl, Manhattan Associates, 3PL Central LLC, Blue Yonder Group, Inc., and Microsoft Dynamics 365 are highly focused on providing significant supply chain software for various functions that can be used across multiple industries, including Automotive, Food and Beverages, Healthcare, Logistics and Transportation, and more.

Recent Developments Related to Major Players

In August 2022, Infor announced that Infor WMS has been implemented by Mooneh, a third-party logistics company handling storage and delivery on behalf of top worldwide pharmaceutical corporations.

In September 2021, 3PL Central, a specialist in cloud-based warehouse management systems (WMS) developed for third-party logistics (3PL) warehouses, acquired Scout Software, a leading inventory and Warehouse Management system for brands and merchants expanding their e-commerce fulfillment capabilities.

Conclusion

The market for warehouse management systems is anticipated to continue growing at a substantial rate of ~15% owing to the recent developments in global logistics, including delivery KPIs, enhanced supply chain flexibility, and cost-cutting, which have pushed 3PL and the supply chain sector to adopt warehouse management systems.

The warehouse management system market is expanding due to rising e-commerce and customer online purchasing behaviors. Foreign investments in developing economies are being fuelled by several factors, including favorable trade conditions, progressive government policies, and lower company taxes.

Consequently, one of the main areas for WMS market growth is in emerging nations. Though the market is highly competitive with ~ 500 participants, few global players control the dominant share and regional players also hold a significant share.

Major Companies Mentioned in the Report

• Infor
• Oracle
• SAP SE
• Softeon
• Tecsys
• IBM Corp.
• Fishbowl
• Manhattan Associates
• 3PL Central LLC
• Korber AG
• Blue Yonder Group, Inc.
• Microsoft Dynamics 365
• Notable Emerging Companies Mentioned in the Report-
• Deposco
• Aptean
• PULPO WMS
• Portable Intelligence
• Leafclover Technology
• Padis GmbH

Scope of the Report

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2028F

By Deployment Type

• On-premise
• Cloud-Based

By Component Type

• Hardware
• Software
• Services

By Tier Type

• Advanced WMS (Tier 1)
• Intermediate WMS (Tier 2)
• Basic WMS (Tier 3)

By Function Outlook

• Labor Management System
• Analytics & Optimization
• Billing & Yard Management
• Systems Integration & Maintenance
• Consulting Services

By End User

• Automotive
• Food & Beverages
• Healthcare & Pharmaceuticals
• E-commerce
• Chemicals
• Electricals & Electronics
• Metals & Machinery
• Retail & Consumer goods
• Education
• Transportation & Logistics
• Manufacturing
• Others

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, Africa)

For more information about this report visit https://www.researchandmarkets.com/r/ww95op

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