Warehouse Management Systems Market 2020: Top factors that could boost market growth expeditiously
A new report published by Allied Market Research , The global warehouse management system market size to reach $3,112 million by 2022, growing at a CAGR of 15.2% from 2016 to 2022. This can be attributed to the increase in inventory and workload of WMS in warehouse operations. Europe is expected to be the largest market during the forecast period.
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By component type, software held the highest market share in 2015, and services is anticipated to show the highest growth rate. Among the various industry verticals, transportation & logistics is projected to dominate the market. However, the pharmaceuticals industry is expected to have the fastest growth rate.
"The European market is most productive as compared to others with diverse industry verticals implementing WMS at a greater extent. Furthermore, it is projected to generate the highest market revenue over the forecast period with predominant deployments in the transportation & logistics industry," states Seapee Bajaj, Lead Analyst, Construction & Manufacturing at AMR.
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Asia-Pacific is estimated to grow fastest due to increase in the adoption of WMS services and extensive growth in Japan, China, Australia, and India.
DRIVING FACTORS FOR THE MARKET:
1. Implementation in 3PL
2. Improved supplier and customer relationships
3. Global e-commerce boom
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MARKET RESTRAINTS AND OPPORTUNITIES:
1. Costly deployment of WMS solutions
2. Dominance of ERP vendors
3. Service-oriented architecture (SOA)
4. Emergence of SaaS-based On-Demand WMS Solutions
5. Expanded supply chain execution footprint
Questions answered in the warehouse management system Market research report:
o What is the growth rate of the warehouse management system Market during the forecast period?
o What will be the global warehouse management system market size from 2017 to 2022?
o What are the leading manufacturing companies in the warehouse management system Market?
o How the major current trends will shape the market in the future?
o What are the driving factors and opportunities in the warehouse management system Market?
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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