Global Warehouse Management Systems Market Size, Trends, and Analysis- Forecasts To 2026 By Component (Hardware, RFID Tags, Scanners and Readers, Mobile Computers, Software, Standalone WMS Software, Integrated WMS Software, Supply Chain Management, ERP System, Service, Integration & Deployment, Support & Maintenance, Consulting), By Deployment (On-Premise and Cloud), By Application (Inventory Management, Purchase & Order Management, Supply Chain Management, Asset Management, and Others), By Industry (Retail & Consumer Goods, Automotive, Transport & Logistics, Healthcare & Pharmaceuticals, Electrical & Electronics, and Others), By Region (North America, Asia Pacific, Central, and South America, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Warehouse Management Systemsis a software application that is used to manage and control the day-to-day activities in a warehouse. It guides everyday inventory receiving and put-away, maintains packing and shipping of orders,and advises on inventory replenishment looks into labor management, yard management, dock management, etc. Dynamic supply chain models of product manufacturers, especially in the retail and logistics sector and the rising demand from manufacturers for automating solutions for warehouse detailing are some of the key drivers in this market. Apart from these, its ability to optimize how to ship products through the shortest route and time is a key factor. Also, the upsurge in the E-commerce industry is increasing the demand forwarehouse management systems in recent days because of the ongoing pandemic.
There are several segments the market is divided into, according to its components. However, the service part will show a surge in demand. The main drivers for this segment to rise are the need for constant upgrades, increased efficiency, ensured data security, and improved operations of the software deployed in the warehouse.Governments in developing countriesare urging for the use of warehouse management systemsto enhance the autonomy of processing. The increased exploitation of warehouse management systems software is leading to soaringdemand for services to ensure its proper functioning.
According to the deployment, the market is divided into two categories, on-premise, and cloud. Between these, the cloudsegment is expected to grow at the highest CAGR over the forecast period. The rising adoption of cloud services especially in the logistics and manufacturing sectors is fueling the market of this segment. Increased reliability of users on cloud companies, benefits like faster return on investment, and lower hardware costs, are some of the major key drivers in this market segment.
Based on application, the market can be divided into several categories, such as inventory management, purchase & order management, supply chain management, asset management, and others. During the forecast period, the fastest-growing, as well as the largest shareholder segment, is expected to be the purchase & order managementmarket. Purchase & order management is one of the most crucial applications in this market. Due to rising demand through online channels, the proper management of purchase & order management is becoming an important factor.
Based on industry, the market has been primarily segmented as transport & logistics, electrical& electronics, automotive, healthcare & pharmaceuticals, and others. However, the transport & logistics domain is observed to grow at the highest CAGR during the forecast period, mostly due to the increased importance of e-commerce sites with growing income levels of consumers, in developing countries.
The market in APAC is expected to follow a rising trend in the aforementioned period. The introduction of tax relaxations to establish storage houses in the region has enhanced the warehouse developments in this region, resulting in bettergrowth potential for warehouse management systems. Due to COVID-19, industrial production of many devices was put to a halt because of the supply chain slowdown and the shortage of laborers.
Zebra Technologies, Generix, Honeywell International Inc.,HighJump,RMS Omega, HID Global, Datalogic, SAP, Zoho Corp., Oracle Corporation,Manhattan Associates, Infor, PTC, JDA Software, Logiwa, are the majorvendors competing in the warehouse management systems market.
Please note: This is not an exhaustive list of companies profiled in the report.
In 2018, Infor and ELSEN GmbH &Co. signed an agreement, through which Elsen enhanced its digitization strategy.
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The Global Warehouse Management Systems Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Warehouse Management Systems Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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