Warehouse Management System (WMS) Market Share Trends, Statistics, Growth Factor
Posted by Sakshi Mishra on May 16th, 2021
The warehouse management system (WMS) market is increasing rapidly, becoming an important investment area across the globe. The market growth attributes to the proliferating online retailing sector across the world. The success of eCommerce operations largely depends on the timely delivery of the shipments, which involves robust warehouse management to handle store and process goods.
Warehouse management software integrated with the ERP plays a causal role in rapid applicability for the success of online retailing, providing real-time data related to stocks. This, as a result, the global WMS market is garnering huge traction, witnessing increasing expenses and deployment of the WMS technology. Moreover, the rising demand for WMS in the healthcare sector escalates the growth of the market.
According to the market research future, the global warehouse management system (WMS) market is poised to create a valuation of USD 2.45 Billion by 2022, growing at 14% CAGR throughout the review period (2016-2022). In 2015, the WMS market size was valued at around USD 1.15 BN. Most small, medium & large enterprises have adopted the warehouse management systems, which further pushes the market growth.
Warehouse Management System (WMS) Market – Segments
The report is segmented into three dynamics;
By Service Type : Consulting, Software, System integration, Operations & Maintenance, and others.
By Application : Pharmaceutical, Electronics, Transportation & Logistics, Retail, and others.
By Regions : Americas, Europe, Asia Pacific, and the Rest-of-the-World.
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Global WMS Market – Regional Analysis
Europe dominates the global warehouse management system (WMS) market. The largest market share attributes to advancements in WMS and the increasing awareness of cloud-based warehouse management systems. Besides, the growing adoption of on-demand cloud services, alongside the rapidly increasing markets in Germany, the UK, France, and Italy, act as major driving forces for the market increase. The European WMS market is projected to retain its dominance over the forecast period.
North America stands second in the global warehouse management system (WMS) market. The region is a hub for futuristic technologies and witnesses vast management solution options. The presence of notable players and early adoption of IoT and Artificial Intelligence (AI) technologies drive the WMS market in North America. The US, backed by rising technological developments, accounts for the largest share in the regional market. The North American WMS market is estimated to create a substantial revenue pocket during the assessment period.
HighJump Software (U.S.), Oracle Corporation (U.S.), Manhattan Associates Inc. (U.S.), Tecsys Inc. (Canada), SAP SE (Germany), JDA Software Group Inc. (U.S.), LogFire Inc. (U.S.), Made4net LLC (U.S.), Softeon Inc.(U.S.), and Synergy Logistics Ltd (U.K.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Warehouse Management System Market.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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