Press release
Warehouse Management System Market – Growth Drivers and Restraints Impacting the Dynamics 2018 – 2025
According to Verified Market Intelligence, the Global Warehouse Management System Market is projected to reach 3.92 billion by 2025 from an estimated value of 1.40 billion in 2017, growing at a CAGR of 13.7% from 2018 to 2025.Warehouse Management System can be defined as a software which helps in controlling and monitoring on-going processes in the warehouses. There are several functions assigned to a warehouse management system such as dockyard management, shipping, inventory control and many more. Warehouse management systems are required to improve the labor allocation, optimized processes, and reduced operational expenses. Warehouse management system mainly helps in organizing, controlling and administering operations in the warehouses in a much efficient way.
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Growing adoption of on-cloud WMS solutions and growing e-commerce industry along with the globalization of the supply chain network are the two main factors driving the global warehouse management system market. Other than this, high implementation cost of On-Premise WMS for SMEs could hamper the overall growth rate of the market at a global level.
The “Global Warehouse Management System Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Epicor Software Corp., JDA Software Group, Inc., Manhattan Associates, Inc., Oracle Corp., SAP SE, IBM Corp., and Infor, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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