The new report by Expert Market Research titled, ‘Global Warehouse Management System Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global warehouse management system market, assessing the market based on its segments like components, functions, deployments, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 15.5%
The global market for warehouse management is being driven by the growth of the logistics sector. This can be attributed to the advancements in international trade channels and the boom of e-commerce. As a result, many companies are increasingly spending on warehouse management, hence fuelling the market growth. In addition to this, the rapid industrialisation in emerging economies like China, India, Brazil, Africa, and Indonesia, among others, supported by favourable government policies and foreign investments, are further leading to the establishment of manufacturing plants. This is therefore invigorating the growth of the market.
Industry Definition and Major Segments
The methods involved in administering and managing a warehouse’s everyday operations are referred to as warehouse management. It is a software solution that provides visibility into a business’ entire inventory and monitors supply chain operations. Everything from warehouse layout and workforce management to day-to-day activities including receiving and maintaining inventory, completing orders, and coordinating with shipping partners using advanced digital software like IoT and AI is included in warehouse management.
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The major components of warehouse management are:
The market can be broadly categorised on the basis of its deployment into:
On the basis of function, the market can be categorised into:
• Labour Management System
• Analytics and Optimisation
• Billing and Yard Management
• Systems Integration and Maintenance
• Consulting Services
The market can be classified based on its application as :
• Transportation and Logistics
• Food and Beverages
The market can be classified based on its region as :
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Consumer behaviour is rapidly shifting toward internet platforms. Food and beverages, necessities, and medications, all of which are delivered via novel contactless formats, are seeing an increase in online demand. As a result of increased online demand for a variety of products, the demand for warehousing has also increased. This is stimulating the growth of the market. To meet the rising global demand of different products, several global corporations are establishing new warehouses with advanced techologies in different countries, which is significantly contributing to the market growth. Warehouse management systems are becoming increasingly popular in the e-commerce and 3PL industries. E-commerce behemoths like Amazon, Alibaba, and eBay are driving increased demand for WMS as they continue to open new warehouses around the world, which in turn is driving the market growth.
Key Market Players
The major players in the market are Epicor Software Corporation, Körber AG, Infor., Oracle Corporation, and PSI Logistics GmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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