Warehouse management System (WMS) Market Trends and Industry Analysis, Evolving Technology, and Top Companies | IBM, PSI Software AG, SAP SE, Epicor Software, Oracle, JDA Software, Infor, Manhattan
Global warehouse management system market is expected to grow from US$ 2,608.5 Mn in 2018 to US$ 9,332.6 Mn by 2027 at a CAGR of 15.6% between 2019 and 2027.
The Warehouse management System (WMS) Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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Leading warehouse management system market players are International Business Machines Corporation, PSI Software AG, SAP SE, Epicor Software Corporation, Oracle Corporation, JDA Software Group, Inc, Infor INC., Manhattan Associates, PTC, Inc., and TECSYS Inc. among others.
The global warehouse management system market for the industry vertical is fragmented into manufacturing, automotive, food & beverages, healthcare, retail & e-commerce, and others. The segmentation is based upon need for warehouse management system for real-time tracking of location of the goods in the facilities. Retail and ecommerce in the warehouse management system market have acquired the prominent share in 2018, followed by automotive, and manufacturing.
Retail and ecommerce warehouses are the major contributors owing to the customers like Amazon. Widespread development of regional distribution facilities, especially in developing regions is expected to provide the WMS market with noteworthy growth opportunities in the coming years. However, the manufacturing and automotive industries are also initiating the adoption of warehouse management system for multiple reasons.
The bolstering sales in the e-commerce and the rising demand for efficient solutions to meet the Omni-channel fulfilment demands has significantly driven alterations to the logistics and warehousing industry. This has further encouraged the WMS solution and services providers to improvise their offerings in terms of scalability, flexibility and cost effectiveness.
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There has been constant development in warehouse management system industry. Recently, Oracle extended its cloud based application of warehouse management system. The initiative was directed to help customers reduce logistics costs, optimize inventory levels and improve customer service. The latest global enhancements offer heightened inventory visibility through yard management and integration with Oracle Inventory Management Cloud, as well as improved extensibility with the addition of new REST Application Programming Interfaces (APIs).
Legacy transportation and warehouse management systems are often unable to provide insight into trailers in the yard, which creates a significant gap into visibility that can lead to fulfillment delays. Oracle WMS Cloud yard management capabilities directly address this challenge, making it easier to locate shipments in trailers in order to expedite unloading for high priority inventory.
Key questions answered in the report include
• What will the market size and the growth rate be in 2027?
• What are the key factors driving the global Warehouse management System (WMS) market?
• What are the key market trends impacting the growth of the Warehouse management System (WMS) market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global WMS market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the WMS market?
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