According to the report, global warehouse management systems market was valued at around USD 1.37 billion in 2016 and is expected to reach approximately USD 3.04 billion in 2022, growing at a CAGR of slightly above 14% between 2017 and 2022.Warehouse management systems reduce the delivery lead times and errors while processing the orders of product. Therefore, the suppliers get greater efficiency and productivity while implementing warehouse management system and help to build a strong relationship between supplier and customer.
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According to the report, global warehouse management systems market was valued at around USD 1.37 billion in 2016 and is expected to reach approximately USD 3.04 billion in 2022, growing at a CAGR of slightly above 14% between 2017 and 2022.
Warehouse management system is a vital part of the supply chain strategy as it controls the movement of goods and storage materials within the warehouse. This includes the processes associated with transactions such as receiving, shipping, put away and picking. Warehouse management systems also direct and make most out of stock that has been put away based on the actual standing of bin operation. Therefore warehouse automation is entire warehouse management cycle from the point that goods are received at the warehouse up to the delivery of customer’s orders.
Major factors which are driving the warehouse management system growth are increasing technological investment in economically developing regions such as Asia-Pacific and emergence of e-commerce. In addition, high demand from industrial and healthcare sector in developing countries is fueling the warehouse management system market growth. Technological development such as cloud-based warehouse system is propelling the demand of warehouse management system market. However, costly deployment of warehouse management system solution is hindering the growth of warehouse management system market. Nonetheless, rising demand for the advance ware house management system will fuel the market growth over the forecast period.
Global warehouse management system market is segmented on the basis of component and application. The components included in warehouse management system are software and services. Further, the software is bifurcated into cloud and premise. Service component segment is witnessing significant growth at present. However, cloud-based warehouse management system is likely to witness immense growth during the course of the forecast period.The end-user applications of warehouse management system are retail, pharmaceutical, electronics, food &beverage and others. Among these applications, pharmaceutical segment held largest share in2016.
Europe is leading the warehouse management system market due to high penetration in healthcare and industrial sectors. Europe is followed by North America. Warehouse management system extends its footprint in North America owing to rising demand from various sectors such as food manufacturing, agricultural, beverages, cosmetics, logistics and medical devices.Economically emerging countries such as China, India, and Japan in Asia Pacific region are dominating the ware house management system market due to high investment in technology. Adoption of barcode technology and RFID chips are escalating the growth of warehouse management system market in Asia Pacific.
Key participants in the warehouse management system market are HighJump Software, Infor Inc., LogFire Inc., Tecsys, Inc., Manhattan Associates Inc., Made4net LLC, Oracle Corporation, SAP SE, Reply, Softeon, Inc., JDA Software Group, Inc., and Synergy Logistics Ltd.
Further, Indigo Software, Produmex, SmartTurn, Justransform, Swisslog WMS, SNS, Provia Software, EXE Technologies, Infor/SSA Global, Royal 4 Systems’ Warehouse Information System, Snapfulfil, Synergy Ltd., ERCIM, Yobel SCM, NUO Consulting, and GCM Business Consulting & Technology are some other players in warehouse management system market.
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List of Figures
1. Global warehouse management system market segmentation by component, application, and geography
2. Global warehouse management system market, 2016 – 2022 (USD Billion)
3. Porter’s five forces analysis: Warehouse management system market
4. Global warehouse management system market attractiveness, by component, 2016
5. Global warehouse management system market attractiveness, by application, 2016
6. Global warehouse management system market attractiveness, by region, 2016
7. Global warehouse management system market revenue share, by component, 2016 & 2022
8. Global warehouse management system market by software, 2016-2022(USD Billion)
9. Global warehouse management system market by services, 2016-2022(USD Billion)
10. Global warehouse management system market revenue share, by application 2016 & 2022
11. Global warehouse management system market for retail, 2016-2022(USD Billion)
12. Global warehouse management system market for pharmaceutical, 2016 – 2022 (USD Billion)
13. Global warehouse management system market for electronics, 2016 – 2022 (USD Billion)
14. Global warehouse management system market for food & beverage,2016 – 2022 (USD Billion)
15. Global warehouse management system market for others, 2016 – 2022 (USD Billion)
16. Global warehouse management system market revenue share, by region, 2016 – 2022
17. North America warehouse management system market, 2016 – 2022, (USD Billion)
18. Europe warehouse management system market, 2016 – 2022, (USD Billion)
19. Asia Pacific warehouse management system market, 2016 – 2022(USD Billion)
20. Latin America warehouse management system market, 2016-2022 (USD Billion)
21. The Middle East & Africa warehouse management system market, 2016 – 2022, (USD Billion)
List of Tables
1. Global warehouse management system market snapshot
2. Drivers for warehouse management system market: Impact analysis
3. Restraints of warehouse management system market: Impact analysis
4. North America warehouse management system market revenue, by component, 2016 – 2022 (USD Billion)
5. North America warehouse management system market revenue, by application, 2016 – 2022 (USD Billion)
6. Europe warehouse management system market revenue, by component, 2016 – 2022 (USD Billion)
7. Europe warehouse management system market revenue, by technology, 2016 – 2022 (USD Billion)
8. Europe warehouse management system market revenue, by application, 2016 – 2022 (USD Billion)
9. Asia-Pacific warehouse management system market revenue, by component, 2016 – 2022 (USD Billion)
10. Asia-Pacific warehouse management system market revenue, by technology, 2016 – 2022 (USD Billion)
11. Asia-Pacific warehouse management system market revenue, by application, 2016 – 2022 (USD Billion)
12. Latin America warehouse management system market revenue, by component, 2016 – 2022 (USD Billion)
13. Latin America warehouse management system market revenue, by technology, 2016 – 2022 (USD Billion)
14. Latin America warehouse management system market revenue, by application, 2016 – 2022 (USD Billion)
15. The Middle East & Africa warehouse management system market revenue, by component, 2016 – 2022 (USD Billion)
16. The Middle East & Africa warehouse management system market revenue, by technology, 2016 – 2022 (USD Billion)
17. The Middle East & Africa warehouse management system market revenue, by application, 2016 – 2022 (USD Billion)
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