Global Warehouse Management System Market, By Component (Hardware, Software and Services), Deployment (Cloud-Based and On-Premise), Type of Tier (Advanced, Intermediate and Basic), Distribution Channel (Online and Offline), End-User (Food and Beverage, E-Commerce, Automotive, Third-Party Logistics, Healthcare, Electrical and Electronics, Metals and Machinery, Chemicals, Others) – Industry Trends and Forecast to 2030.
Warehouse Management System Market Analysis and Size
A warehouse management system is a set of guidelines and procedures designed to organize a distribution center's or warehouse's workload, guarantee its effective operation, and help the facility achieve its goals. Machine-to-Machine (M2M) technology is becoming more popular in warehouse management because it allows machines or devices to exchange information and perform functions on their own. M2M technology allows a warehouse management system to connect to and receive data from instruments such as conveyors, picking equipment, and assembly lines.
Data Bridge Market Research analyses that the global warehouse management system market which was USD 2,139.96 million in 2022, is expected to reach USD 8,973.50 million by 2030, and is expected to undergo a CAGR of 16.7% during the forecast period of 2023 to 2030. In 2022, software segment is dominating the market because most of the developed as well as developing nations prefer using online software’s as they are feasible in usage. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Warehouse Management System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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Component (Hardware, Software and Services), Deployment (Cloud-Based and On-Premise), Type of Tier (Advanced, Intermediate and Basic), Distribution Channel (Online and Offline), End-User (Food and Beverage, E-Commerce, Automotive, Third-Party Logistics, Healthcare, Electrical and Electronics, Metals and Machinery, Chemicals, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Manhattan Associates, (U.S.), Blue Yonder Group, Inc. (U.S.), HighJump (U.S.), Oracle (U.S.), IBM (U.S.), SAP SE (Germany), ACL Digital (U.S.), VMWare Inc. (U.S.), Ericsson Inc (Sweden), Hewlett Packard Enterprise Development LP (U.S.), Softeon (U.S.), Telco Systems (U.S.), NEC Corporation (Japan), Juniper Networks Inc.(U.S.), Infor (U.S.), Versa Networks Inc., (U.S.) and Cisco Systems Inc.(U.S.)
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Market Opportunities
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Market Definition
The global warehouse management system market is working to simplify the network and its administration by moving into a network that can potentially be handled by any commodity server under the network operator's control. The network operation can be flexible, resulting in a plethora of benefits for the target audience adopting its new services. The use of v-CPE on a large scale by network providers can result in simplification and acceleration of service delivery, as well as configuration and device management from remote locations.
Global Warehouse Management System Market Dynamics
Drivers
- Rapid Growth in E-Commerce
The rapid growth of digitalization and wider consumer adoption of e-commerce industries in their daily activities is propelling the global warehouse management system market.
- Increased in Software Advancements
The need for versatile software in tackling barcodes, smart scales, and the movement of goods from one location to another with equal skill, and working in collaboration, can act as an opportunity for the market
Opportunity
- Technological Advancements in Warehouses
Due to perceived security issues and a lack of industry peers embracing the technology, several warehouses took their time implementing cloud technologies. But today, a large number of software firms are creating cloud-based apps expressly for inventory management and warehouse receiving. This is a highly adaptable option because they can be accessed on computers, tablets, and smartphones.
Restraint/Challenge
- Data Accuracy Concerns
Despite the well-established process of receiving and shipping goods, human error is an inevitable hazard. As a result, data in a WMS system may not correspond to the actual quantity of items in stock. This negatively impacts your ability to fulfil client orders, as shortages may result in back orders and shipping delays, while excess quantity wastes storage space.
This global warehouse management system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global warehouse management system market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In March 2023, Softeon announced the acquisition of GetUsROI LLC, a warehouse technology and implementation firm. Through the acquisition, Softeon now has access to AttunedLab's cutting-edge, fully modular tools for the orchestration and integration of materials handling systems, as well as for advanced user interface design, analytics, and other uses. These tools offer unparalleled speed and ease of deployment as well as maximum flexibility over time.
- In May 2020, Manhattan Associates Inc. announced the launch of new Manhattan Active Warehouse Management solution. All operations, including labour management and slotting optimisation, have been streamlined and re-engineered with Manhattan Active WM to produce a single, unified distribution application.
Global Warehouse management system Market Scope
The global warehouse management system market is segmented on the basis of component, deployment, type of tier, distribution channel and end user. The growth amongst these segments will help you analyze 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.
Components
- Software
- Hardware
- Services
Deployment
- Cloud based
- On-Premise
Type of Tier
- Advanced
- Intermediate
- Basic
Distribution Channel
- Online
- Offline
End User
- Food and Beverages
- Healthcare
- Automotive
- E-commerce
- Electrical and Electronics
- Third-party Logistics
- Metals and Machinery
- Chemicals
- Others
Global Warehouse Management System Market Regional Analysis/Insights
The global warehouse management system market is analysed and market size insights and trends are provided by country, component, deployment, type of tier, distribution channel and end user as referenced above.
The countries covered in the global warehouse management system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global warehouse management system market. The United States dominates the North America region due to the strong presence of ERP vendors, which drives the warehouse management market growth. The country has a high demand for a wide variety of food and beverages, which necessitates a continuous supply from warehouses because it adds efficiency, consistency, and quality control to the process by assisting manufacturers in moving goods at maximum speed as per consumer demand. Asia-Pacific is expected to have highest CAGR owing to increasing adoption of multi-channel warehouse management systems.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically 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 the 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 country data.
Competitive Landscape and Global Warehouse Management System Market Share Analysis
The global warehouse management system market competitive landscape provides details by 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, and application dominance. The above data points provided are only related to the companies' focus related to global warehouse management system market.
Some of the major players operating in the global warehouse management system market are:
- Manhattan Associates, (U.S.)
- Blue Yonder Group, Inc. (U.S.)
- HighJump (U.S.)
- Oracle (U.S.)
- IBM (U.S.)
- SAP SE (Germany)
- ACL Digital (U.S.)
- VMWare Inc. (U.S.)
- ricsson Inc (Sweden)
- Hewlett Packard Enterprise Development LP (U.S.)
- Softeon (U.S.)
- Telco Systems (U.S.)
- NEC Corporation (Japan)
- Juniper Networks Inc. (U.S.)
- Infor (U.S.)
- Versa Networks Inc., (U.S.)
- Cisco Systems Inc. (U.S.)
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