The report of Global Warehouse Management System Market by offering (Software, Services), deployment (On-cloud and On-premise), function (labor management system, analytics & optimization, billing & yard management, systems integration & maintenance and consulting services), Application (transportation & logistics, healthcare, retail, manufacturing, food & beverage and others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 4.3 Bn by 2027, at a CAGR of 11.2% during a forecast period.
The On-cloud segment is expected to grow at a XX % rate of CAGR during the forecast year.
The On-cloud WMS software solutions are deployed through the Internet, and the unlimited computing power, which is provided by server systems. The on-cloud WMS software is used at multiple locations for processing large numbers of transactions simultaneously. It is also delivered either as a one-size-fits-all product by a particular customer. The customer pays a monthly for subscription to software license, support, and updates infrastructure. An increase in the adoption of cloud services in the manufacturing and logistics industries is expected to increase the adoption of on-cloud WMS software. Cloud service offers the features like faster implementation, lower upfront installation and hardware costs, and faster return on investment, which are also expected to driving the growth of the on-cloud WMS market.
The Food & beverages industry expected to contribute US$XX Mn share in the global warehouse management market.
The food & beverages industry is experiencing growth in the market because of the shift in the customer preferences rise in need for food safety, trend of processed food and packaged eatables, and increase in the number of online retailing companies. An increase in the demand for automated and hygienic handling of food items, traceability of food items, sales of packaged food products, and a trend of online shopping of grocery are encouraging food & beverages key players to implement warehouse management solutions in the warehousing facilities.
The Asia Pacific region is projected to be leading region in the global warehouse management market.
Based on the region, global warehouse management market is segmented into the North America, Europe, Middle East & Africa, South America, and Asia Pacific. Among these, Asia Pacific region is projected to grow at a XX% rate of CAGR during the forecast period. The growth in the market can be attributed to the rapid expansion of the e-commerce and manufacturing industries in the developing economies like China, India, and Indonesia. Foreign investments have making the positive impact on China’s warehousing and logistics ecosystem. The launch of “Make in India” plan has supported the growth of the manufacturing and warehousing sectors in India, which is expected to boost the demand for warehouse management system.
Key players operating in the Global Warehouse Management System Market includes Epicor Software, JDA Software, Infor, Manhattan Associates, IBM, SAP, PSI, PTC, Tecsys, Blujay Solutions, HighJump, 3PL Central, Snapfulfil, Synergy Ltd., Produmex, ERCIM , Indigo Software, Yobel SCM, NUO Consulting and GCM Business Consulting & Technology.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Warehouse Management System Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Warehouse Management System Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Warehouse Management System Market positioning of competitors.
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