Warehouse Management System Market Size was valued at USD 3.95 billion in 2023 and is expected to reach USD 16.53 billion by 2031, growing at a CAGR of 19.6% over the forecast period 2024-2031.
The Warehouse Management System market works to simplify the network, and its management, by accessing the network which may be well managed by any commodity server under the control of the network operator. Network operation can be flexible, and as such, can lead to many benefits for targeted audiences embracing its new services. The widespread use of v-CPE by network providers can lead to simplification, as well as speed up service delivery, and lead to configuration, and device management, from remote locations. Network operators are now eligible to use virtual IP-based IP services for subscribers, as well as service management. They can also use virtualized network address translation (NAT), firewall protection services, and dynamic host control protocol (DHCP).
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KEY DRIVERS:
Forecasting models are becoming increasingly important in warehouse management.
The adoption of multichannel distribution networks is increasing.
RESTRAINTS:
Data privacy and information security concerns.
Skilled personnel for WMS implementation and maintenance are in short supply.
Setting up on-premise WMS for SMEs requires a significant investment.
OPPORTUNITIES:
Companies in emerging economies are making huge investments.
Digital technology adoption in supply chain management.
CHALLENGES:
Software updates are inconsistent.
Small-scale industries have insufficient knowledge of WMS.
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
COVID-19 has had a devastating effect on the global economy and on all industries around the world. Governments in various countries have set lockdowns to prevent the spread of the epidemic. Despite the initial turmoil caused by the COVID-19 epidemic, high growth in the e-commerce industry and increased awareness among users about the benefits of WMS have helped this market grow at a rapid pace. In addition, the crisis accelerated the adoption of warehouse automation tools such as WMS among industries. In addition, there will be an acceleration of automation to protect companies from future supply chain disruptions. WMS market growth is driven by industries such as e-commerce, 3PL, health, and food and beverages. However, due to the closure of Lockdowns in various countries, companies are facing serious cash flow problems. Stopping or slowing down the production of automotive, metals and machinery, and other industries around the world has led to a reduction in the need for some storage management systems to some degree.
By Components, the warehouse management system market is segmented into software and services.
Increasing awareness of WMS software among small and medium enterprises (SMEs), global trade in supply chain networks, and the growing share of cloud-based WMS software solutions are key factors that increase the demand for WMS software. In addition, the growing demand for high-quality storage facilities and transport infrastructure is expected to further the growth of the WMS software market.
By Deployment, the warehouse management system market is segmented into cloud and premises. The cloud component holds the highest revenue share in 2022 and is expected to emerge as the fastest-growing segment, accounting for the highest CAGR from 2023 to 2030. Cloud-based technologies have made changes in the way businesses operate. When deployed in the cloud, WMS provides a reduction in corporate past costs and significantly increases the efficiency of warehouses. Over the years, cloud deployment has become more secure as a local system due to data domination and the effective prevention of data theft. Companies are now able to customize and offer WMS services based on client needs. For example, cloud-based WMS enables clients to rate or reduce performance based on their needs for the season.
By Function, the warehouse management system market is segmented into Analytics & Optimization, Labor Management Systems, Billing & Yard Management, Consulting Services, and Systems Integration & Maintenance. The Analytics & Optimization component is expected to emerge as the fastest-growing segment. On the other hand, the revenue generated by system integration with the maintenance component may be higher across the country. Tasks such as receiving and storing inventory, making good selections and shipping orders, and guidance in completing inventory were performed by WMS. Order selection functionality is one of the most important aspects of a store management suite designed to automate a paper-based selection process. Process handling and pick-ups are affected by a number of factors, including storage structure, customer requirements, order type, and product speed. A warehouse management system that can meet the requirements of filling regardless of individual warehouse features is more beneficial than WMS with a limited application range.
BY COMPONENT
Software
Services
BY DEPLOYMENT
Cloud
On-Premises
BY FUNCTION
Analytics & Optimization
Labor Management System
Billing & Yard Management
Consulting Services
Systems Integration & Maintenance
BY INDUSTRY
Third-Party Logistics
Food & Beverages
Retail
Chemicals
Metals & Machinery
Automotive
Healthcare
E-commerce
Electricals & Electronics
Others
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The Warehouse Management System market forecast predicts that the North American market will have the largest market share at the end of the 2023 global forecast. The US region has an emerging trend over major service providers and chooses to offer customized solutions to a wide variety of end users in the Wearhouse Management System Market.
The Asia Pacific region is expected to grow during the global forecast period. Countries like China, as well as Japan, are increasing their investment volume to develop technologies like v-CPE, and NFV. These technologies compel companies to adopt these software-defined technologies and, to register a high CAGR growth in the forecast period.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the warehouse management system market are Manhattan Associates, Inc, HighJump, SAP, Made4net, Softeon, Tecsys, Blue Yonder Group, Inc, Oracle Corporation, EPICOR, Infor, PSI Logistics, Synergy Ltd & Other Players.
Oracle Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.95 Billion |
| Market Size by 2031 | US$ 16.53 Billion Warehouse Management System Market Size was valued at USD 3.95 billion in 2023 and is expected to reach USD 16.53 billion by 2031, growing at a CAGR of 19.6% over the forecast period 2024-2031. |
| CAGR | CAGR of 16.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Software, Services) • By Deployment (Cloud, On-Premises) • By Function (Analytics & Optimization, Labor Management System, Billing & Yard Management, Consulting Services, Systems Integration & Maintenance) • By Industry (Third Party Logistics, Food & Beverages, Retail, Chemicals, Metals & Machinery, Automotive, Healthcare, E-Commerce, Electricals & Electronics, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ON Semiconductor, Hamamatsu Photonics, KETEK, Cremat, Philips, TE connectivity, Broadcom, First Sensor, AdvanSiD, Excelitas Technologies, Radiation Monitoring Devices, and Other companies. |
| Key Drivers | • Forecasting models are becoming increasingly important in warehouse management. • Adoption of multichannel distribution networks is increasing. • Adoption of multichannel distribution networks is increasing. |
| Restraints | • Data privacy and information security concerns. • Skilled personnel for WMS implementation and maintenance are in short supply. • Setting up on-premise WMS for SMEs requires a significant investment. |
The market value will be expected to reach USD 11.51 billion by 2030.
The Warehouse Management System Market is growing at a CAGR of 16.6% over the forecast 2023-2030.
The COVID-19 epidemic accelerated the adoption of warehouse automation tools such as WMS among industries.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Warehouse Management System Market Segmentation, by component
8.1Introduction
8.2 Software
8.3 Services
9. Warehouse Management System Market Segmentation, by deployment
9.1 Introduction
9.2 Cloud
9.3 On Premises
10. Warehouse Management System Market Segmentation, by function
10.1 Introduction
10.2 Analytics & Optimization
10.3 Labor Management System
10.4 Billing & Yard Management
10.5 Consulting Services
10.6 Systems Integration & Maintenance
11. Warehouse Management System Market Segmentation, by Industry
11.1 Introduction
11.2 Third Party Logistics
11.3 Food & Beverages
11.4 Retail
11.5 Chemicals
11.6 Metals & Machinery
11.7 Automotive
11.8 Healthcare
11.9 E- commerce
11.10 Electricals & Electronics
11.11 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13.Company Profiles
13.1 Oracle Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Manhattan Associates, Inc
13.3 HighJump
13.4 SAP
13.5 Made4net
13.6 Softeon
13.7 Tecsys
13.8 Blue Yonder Group, Inc
13.9 EPICOR
13.10 Infor
13.11 PSI Logistics
13.12 Synergy Ltd
13.13 Other
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15.Conclusion
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