Increasing Global Demand For Warehouse Management Systems Market With Rising CAGR Forecast Till 2025

Posted by Mrudula Karmarkar on August 1st, 2022

The global warehouse management systems market size is anticipated to reach USD 11.08 billion by 2030, advancing at a CAGR of 16.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for WMS based on the Software-as-a-Service (SaaS) model.

Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software, irrespective of the organization's size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation.

Larger organizations are also switching to cloud-based warehouse management systems, as it allows organizations to offload exhausting tasks such as maintenance, infrastructure administration, and timely upgrades, among other tasks that are carried out on the on-premise software. Cloud enables businesses running on conventional on-premise technologies to transit to a platform that will support and cater to their clients’ needs more efficiently. Low upfront cost and shorter implementation time are the key factors encouraging companies to move toward cloud-based systems.

In the healthcare ecosystem, a warehouse management system (WMS) ensures that medical equipment and medicines are supplied in time. Also, WMS continuously updates the database of the inventory moving in and out of a warehouse, which prevents the shortage of inventory. Furthermore, in the healthcare domain, continuous sharing of information and transparency of all processes are the critical factors for efficient warehouse management. WMS enables complete transparency of logistic activities and enables proper tracking of medical devices and medicines. Similarly, in the food & beverage industry, the WMS ensures optimized picking, directed put away, and rotation of stock based on its expiry date.

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Growing economies across the globe have propelled various sectors such as healthcare, manufacturing, and retail to achieve highly efficient operations in order to increase their output and meet consumer demand. In an attempt to address growing demands, logistics companies are continuously progressing to overcome challenges created by fluctuating product markets and shipping schedules.

Warehouse Management Systems Market Report Highlights

  • The market for warehouse management system is anticipated to witness substantial growth during the forecast period due to the changing supply chain models of product manufacturers and rapidly growing consumer demand, especially in the transport & logistics and retail sectors
  • The software segment is expected to register the highest CAGR during the forecast period, owing to the increasing adoption of WMS software by small and mid-sized enterprises (SMEs) worldwide
  • The cloud segment is expected to advance with the highest CAGR during the forecast years, owing to numerous functionalities that cloud-based WMS offers over the traditional on-premise WMS
  • The transportation & logistics segment is expected to register the highest CAGR during the projection period, owing to the rising need for technologically advanced warehouse management systems that can help logistics companies to keep their operations aligned with the ever-demanding market
  • Asia Pacific is expected to register the highest CAGR during the forecast period due to the high influx of e-commerce players in the region 

In the wake of the recent COVID-19 outbreak, there has been a significant disturbance in most industries across the globe. While few industries experienced a contraction in their productions and businesses, others faced severe outcomes such as the shutdown of businesses and movement restrictions. For instance, travel, entertainment, food & beverage, and hospitality industries had the most retrenchments, and on the other hand, healthcare and e-commerce businesses had an upsurge in demand.

The demand for warehousing has increased due to the rising trend of online purchasing. The implementation of lockdowns, social distancing, and various other safety measures in response to the pandemic has led consumers to pursue online purchasing. Therefore, several multinational companies are setting up new warehouses across numerous countries to accommodate this upsurged demand.

List of Key Players in the Warehouse Management Systems Market

  • Körber AG (HighJump)
  • Infor
  • Made4net
  • Manhattan Associates
  • Oracle
  • PSI Logistics
  • Reply
  • SAP
  • Softeon
  • Synergy Ltd
  • Tecsys

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Mrudula Karmarkar

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Mrudula Karmarkar
Joined: March 30th, 2020
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