Asia-Pacific and U.S. Warehouse Management System Market, By Components (Cranes, Automated Storage & Retrieval System, Robots, Conveyors and Sortation Systems, Automated Guided Vehicles, and Others), Functions (Receiving & Putaway, Inventory Control, Yard & Dock Management, Slotting, Picking, Workforce & Task Management, Shipping, and Others), Offering (Software and Services), Deployment (Cloud/SaaS and On-Premise), Tier Type (Advanced WMS, Intermediate WMS, and Basic WMS), End User (E-Commerce, Food & Beverages, Third-Party Logistics, Electrical & Electronics, Automotive, Metals and Machinery, Healthcare, Chemicals, and Others) - Industry Trends and Forecast to 2030.
Asia-Pacific and U.S. Warehouse Management System Market Analysis and Size
Warehouse management systems can help companies receive, process, and put away items most efficiently on the basis of business rules and warehouse flow. Before warehouse management systems, pen and paper were used to receive items and reconcile them against purchase orders, physical receipts, and some smaller warehouses.
Warehouse management systems and tools are used in almost every industry. However, they are most commonly relied upon by larger distributors, e-commerce fulfilment centers, and third-party logistics (3PL) providers – often with multiple warehouses. Pharmaceutical, healthcare, and cold storage companies are also common users. Frequently, WMS solutions are integrated with transport and logistics systems to improve transparency, efficiency, and savings. Three main warehouse management systems (WMS) types are standalone, cloud, and integrated. Standalone WMS systems are deployed on-premise using the company’s hardware. Cloud-based WMS systems are delivered as scalable SaaS offerings in a public or private cloud. Integrated WMS systems are delivered as part of a broader enterprise resource planning (ERP) or supply chain management (SCM) solution.
Data Bridge Market Research analyses that the Asia-Pacific and U.S. warehouse management system market is expected to reach a value of USD 2,788,985.85 thousand and USD 2,562,823.43 thousand, respectively by 2030, at a CAGR of 17.3% and 17.1% during the forecast period respectively. The Asia-Pacific and U.S. Warehouse Management System market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 – 2020) |
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Quantitative Units |
Revenue in USD Thousand |
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Segments Covered |
Components (Cranes, Automated Storage & Retrieval System, Robots, Conveyors and Sortation Systems, Automated Guided Vehicles, and Others), Functions (Receiving & Putaway, Inventory Control, Yard & Dock Management, Slotting, Picking, Workforce & Task Management, Shipping, and Others), Offering (Software and Services), Deployment (Cloud/SaaS and On-Premise), Tier Type (Advanced WMS, Intermediate WMS, and Basic WMS), End User (E-Commerce, Food & Beverages, Third-Party Logistics, Electrical & Electronics, Automotive, Metals and Machinery, Healthcare, Chemicals, and Others) |
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Countries Covered |
U.S., China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific |
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Market Players Covered |
Blue Yonder Group, Inc. (A subsidiary of Panasonic Corporation), Oracle SAP SE, Infor (A subsidiary of Koch Industries), Manhattan Associates, Tecsys Inc., SENKO Co., Ltd.(A subsidiary of SENKO Group Holdings Co., Ltd.),Softeon, Accelogix LLC., Datex Corporation, Made4net, CAMELOT 3PL SOFTWARE, ShipBob, Inc., JAPAN LOGISTIC SYSTEMS CORP., Synergy Logistics Ltd, Honeywell International Inc., IBM CORPORATION, NEC CORPORATION, CISCO SYSTEMS, INC, Extensiv, and The Raymond Corporation among others |
Market Definition
The warehouse management system (WMS) is a software that helps companies to manage and control daily warehouse operations when goods and materials enter a distribution or fulfilment center until they leave. WMS software systems are a key component of supply chain management and offer real-time visibility into a company’s inventory in warehouses and transit. It refers to organizing and controlling every operation within the warehouse. It is considered a cornerstone of the logistics ecosystem as it comprises activities such as inventory balance, managing materials, pickup process, staff productivity, and monitoring the movement of goods.
Various functions of the warehouse management process are inventory tracking, picking and shipping, warehouse design, and visibility. The various benefits of a warehouse management system help to reduce operating costs, helps to track inventory visibility, boost security, labour management, and increased transparency. Warehouse management systems integrate with other tools, including barcode scanning and RFID labelling basics, more advanced robotics and augmented reality (AR) wearable, and other mission-critical solutions, such as transportation management systems (TMS) and logistics software.
Asia-Pacific and U.S. Warehouse Management System Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
DRIVERS
- INCREASE IN GROWTH OF THE E-COMMERCE INDUSTRY
E-commerce (electronic commerce) is the process of buying and selling goods and services or transmitting funds or data over an electronic network, primarily the internet. Nowadays, consumers can browse entire store catalogs from the comfort of their homes, and many enterprises are entering into online business. Warehousing is an important component of an e-commerce organization. It includes managing supply and demand, inventory tracking, order entry, order management, labor management, distribution, and delivery to the customer.
- RISE IN GLOBALIZATION OF SUPPLY CHAIN NETWORKS
Globalization is the free movement of goods, services, and people worldwide. Regarding supply chain networks, globalization refers to the process by which a business operates internationally. Increasing global activities involves importing and exporting finished products, components, and materials across multiple borders and trade routes by land, sea, and air. In today's world, companies need to be agile, flexible, and flexible.
OPPORTUNITY
- RISE IN ADOPTION OF THE INTERNET OF THINGS (IOT) IN WAREHOUSING
The present age is considered the age of technology and digitization. To shift focus from traditional and physical operations towards digitization of business processes, market players are heavily investing in the development of technology and the internet of things. The internet of things is changing the traditional way that warehouse businesses function. Warehouse businesses are increasingly adopting the internet of things to drive innovation in the industry.
RESTRAINT/CHALLENGE
- HIGH INITIAL INVESTMENT
A warehouse management system (WMS) consists of software and processes that allow organizations to control and administer warehouse operations from the time goods or materials enter a warehouse until they move out. Implementing a WMS can help an organization to reduce labor costs, improve inventory accuracy, improve flexibility and responsiveness, decrease errors in picking and shipping goods, and improve customer service.
- DATA PRIVACY AND SECURITY CONCERNS
The warehouse management system is rapidly becoming a booming technology for supply chain and logistic businesses as it has all-in-one solution processes. Be it inventory control, managing business expenses, stock handling, reporting & analytics, stock & inventory management, labor management, and others. These systems or software are sensitive to handle and require little prior training. Moreover, the growth of Warehouse management software across the industry also raises data privacy and security concerns.
Recent Development
- In March 2021, Extensiv launched an enhanced small parcel suite with expanded functionality to drive greater efficiency and a paperless warehouse for 3PLs offering e-commerce and Omni channel fulfilment. The solution launched will help the companies to streamline and efficiently manage small parcel functionality to drive efficiency in their pack and ship processes. The company will be able to increase profit by reducing the packing time.
- In February 2021, The Raymond Corporation announced the launch of a new automated transtacker as an addition to intralogistics solutions offerings. The automated transtracker has been launched with order manager software and fully integrates with the warehouse management system (WMS) to optimize performance and eliminate errors. This will help the company to have a flexible solution for high-density and high-selectivity storage facilities. This will help the company to diversify its automation portfolio with new products.
Asia-Pacific and U.S. Warehouse Management System Market Scope
Asia-Pacific and U.S. warehouse management system market is segmented into six notable segments based on components, functions, offering, deployment, tier type, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Cranes
- Automated Storage & Retrieval System
- Robots
- Conveyors and Sortation Systems
- Automated Guided Vehicles
- Others
On the basis of components, Asia-Pacific and U.S. warehouse management system market is segmented into cranes, automated storage & retrieval system, robots, conveyors and sortation systems, automated guided vehicles, and others.
Deployment
- Cloud/SaaS
- On-Premise
On the basis of deployment, Asia-Pacific and U.S. warehouse management system market is segmented into cloud/SaaS and on-premise.
Function
- Receiving & Putaway
- Inventory Control
- Yard & Dock Management
- Slotting
- Picking
- Workforce & Task Management
- Shipping
- Others
On the basis of function, Asia-Pacific and U.S. warehouse management system market is segmented into receiving & putaway, inventory control, yard & dock management, slotting, picking, workforce & task management, shipping, and others.
Offering
- Software
- Services
On the basis of the offering, Asia-Pacific and U.S. warehouse management system market is segmented into software and services.
Tier Type
- Advanced WMS
- Intermediate WMS
- Basic WMS
On the basis of tier type, Asia-Pacific and U.S. warehouse management system market is segmented into advanced WMS, intermediate WMS, and basic WMS.
End User
- E-Commerce
- Food & Beverages
- Third-Party Logistics
- Electrical & Electronics
- Automotive
- Metals and Machinery
- Healthcare
- Chemicals
- Others
On the basis of end user, Asia-Pacific and U.S. warehouse management system market is segmented into e-commerce, food & beverages, third-party logistics, healthcare, electrical & electronics, metals and machinery, automotive, chemicals, and others.
Asia-Pacific and U.S. Warehouse Management System Market Regional Analysis/Insights
Asia-Pacific and U.S. warehouse management system market is analysed, and market size insights and trends are provided by countries, components, functions, offering, deployment, tier type, and end user as referenced above.
The countries covered in the Asia-Pacific and U.S. warehouse management system market report are U.S., China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific.
China dominates in the Asia-Pacific region which can be attributed to its huge market size, and the country has a huge market for warehouse management systems due to its large population, rapid economic growth, and extensive manufacturing sector.
The region section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Asia-Pacific and U.S. Warehouse Management System Market Share Analysis
Asia-Pacific and U.S. warehouse management system market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific and U.S. warehouse management system market.
Some of the major players operating in the Asia-Pacific and U.S. warehouse management system market are Blue Yonder Group, Inc. (A subsidiary of Panasonic Corporation), Oracle SAP SE, Infor (A subsidiary of Koch Industries), Manhattan Associates, Tecsys Inc., SENKO Co., Ltd.(A subsidiary of SENKO Group Holdings Co., Ltd.),Softeon, Accelogix LLC., Datex Corporation, Made4net, CAMELOT 3PL SOFTWARE, ShipBob, Inc., JAPAN LOGISTIC SYSTEMS CORP., Synergy Logistics Ltd, Honeywell International Inc., IBM CORPORATION, NEC CORPORATION, CISCO SYSTEMS, INC, Extensiv, and The Raymond Corporation among others.
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