Press Release

Mar, 12 2024

New Warehouse Management System Revolutionizes End-User Experience: A Breakthrough in Efficiency and Productivity

The warehouse management system (WMS) market serves diverse end-users including food and beverage, e-commerce, automotive, third-party logistics, healthcare, electrical and electronics, metals and machinery, and chemicals industries. In food and beverage, WMS ensures compliance with stringent regulations and enhances traceability. E-commerce relies on WMS for efficient order fulfillment and inventory management. Automotive and electronics sectors benefit from streamlined processes and inventory accuracy. Third-party logistics utilize WMS for efficient warehouse operations. Healthcare relies on WMS for inventory control and tracking of medical supplies. chemicals and metals and machinery sectors leverage WMS for inventory visibility and regulatory compliance.

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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. The warehouse management system (WMS) market is driven by the increasing adoption of cloud-based solutions, offering scalability, flexibility, and cost-effectiveness for efficient warehouse operations management in evolving business environments.

Key Findings of the Study

Warehouse Management System Market

Rising customer expectations are expected to drive the market's growth rate

Growing customer expectations for rapid delivery and precise order fulfillment are compelling businesses to adopt efficient warehouse management systems (WMS). WMS streamline operations, enhance inventory accuracy, and optimize order processing, meeting the demands of today's competitive market. In order to maintain customer satisfaction and loyalty, companies seek WMS solutions that can efficiently manage inventory, reduce order cycle times, and ensure timely deliveries.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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, and Others)

Countries Covered

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.

Market Players Covered

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.)

Data Points Covered in the Report

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.

Segment Analysis:

The global warehouse management system market is segmented on the basis of component, deployment, type of tier, distribution channel and end-user. 

  • On the basis of component, the global warehouse management system market is segmented into hardware, software and services. In 2023, the software segment is expected to lead the warehouse management system market with 51.69% market share due to its pivotal role in system functionality

In 2023, the software segment of the component segment is expected to dominate the Global Warehouse Management System Market during the forecast period of 2023-2030

In 2023, the software segment is expected to lead the warehouse management system market with 51.69% market share due to its critical role in providing core functionalities such as inventory tracking, order processing, and optimization, which are essential for efficient warehouse operations.

  • On the basis of deployment, the global warehouse management system market is segmented into cloud-based and on-premise. In 2023, On-premise segment is expected to lead the warehouse management system market with 74.30% market share due to continued demand for localized control and security

In 2023, the on-premise segment of the deployment segment is expected to dominate the Global Warehouse Management System Market during the forecast period of 2023-2030

In 2023, On-premise segment is expected to lead the warehouse management system market with 74,30% market share as businesses prioritize data security and control. They prefer localized installations over cloud-based alternatives, ensuring direct oversight of operations and adherence to specific compliance requirements.

  • On the basis of type of tier, the global warehouse management system market is segmented into advanced, intermediate and basic. In 2023,  the advanced segment is expected to lead the warehouse management system market with 84.07% market share, driven by the demand for sophisticated functionalities and features
  • On the basis of distribution channel, the global warehouse management system market is segmented into online and offline. In 2023, the offline segment is expected to lead the warehouse management system market with 61.31% market share, indicating a preference for locally managed systems over cloud-based solutions
  • On the basis of end-user, the global warehouse management system market is segmented into food and beverage, e-commerce, automotive, third-party logistics, healthcare, electrical and electronics, metals and machinery, chemicals, and others. In 2023,  food and beverages segment is expected to lead the warehouse management system market with 25.61% market share, reflecting high demand and stringent inventory management requirements

Major Players

Data Bridge Market Research recognizes the following companies as the global warehouse management system market players in 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.).

Warehouse Management System Market

Market Developments

  • In March 2023, Softeon acquired GetUsROI LLC, enhancing its warehouse technology capabilities. This acquisition grants Softeon access to AttunedLab's modular tools for material handling system orchestration, advanced user interface design, and analytics. These tools promise unparalleled deployment speed, flexibility, and integration capabilities. Softeon's expanded offerings empower businesses with advanced warehouse management solutions, optimizing efficiency and adaptability in modern supply chain operations
  • In May 2020, Manhattan Associates Inc. launched its new Manhattan Active Warehouse Management solution, revolutionizing warehouse operations. This innovative platform integrates labor management and slotting optimization, streamlining operations into a cohesive distribution application. Manhattan Active WM offers a unified solution, enhancing efficiency and agility in warehouse management. The solution represents a significant advancement in optimizing warehouse processes to meet evolving industry demands and enhance overall performance

Regional Analysis

Geographically, the countries covered in 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.

As per Data Bridge Market Research analysis:

North America is the dominant region in the Global Warehouse Management System Market during the forecast period 2023-2030

North America leads the global warehouse management system (WMS) market, with the U.S. at the forefront due to its robust ERP vendor presence. The nation's high demand for diverse food and beverages necessitates efficient warehouse operations to ensure continuous supply. WMS adds efficiency, consistency, and quality control to this process, enabling manufacturers to meet consumer demand promptly by optimizing goods movement in warehouses.

Asia-Pacific is expected to dominate the Global Warehouse Management System Market the forecast period 2023-2030

Asia-Pacific is expected to dominate the warehouse management system (WMS) market due to the rising adoption of multi-channel warehouse management systems. With the proliferation of e-commerce and Omni-channel retailing in the region, businesses are increasingly investing in WMS to manage inventory across multiple channels effectively. This trend reflects the region's dynamic retail landscape and the need for efficient warehouse operations to meet consumer demands.

For more detailed information about the Global Warehouse Management System Market report, click here – https://www.databridgemarketresearch.com/ru/reports/global-warehouse-management-system-market


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