Warehouse Management Systems Market Projected To Reach USD 13.34 Billion By 2030Posted by Neha Bora on January 10th, 2025 San Francisco, 10 January 2025: The Report Warehouse Management System Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment (On-premise, Cloud), By Function, By Application, By Region, And Segment Forecasts, 2024 - 2030 The global warehouse management system market size is anticipated to reach USD 13.34 billion by 2030, advancing at a CAGR of 19.5% from 2024 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 warehouse management system (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. Access Research Report of Warehouse Management Systems Market @ https://www.grandviewresearch.com/industry-analysis/warehouse-management-system-wms-market Warehouse Management System Market Report Highlights
Warehouse Management System Market Report Scope
List of Key Players in Warehouse Management System (WMS) Market
Access Press Release of Warehouse Management Systems Market @ https://www.grandviewresearch.com/press-release/global-warehouse-management-system-wms-market About Grand View Research Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. For More Information: https://www.grandviewresearch.com/horizon Like it? Share it!More by this author |