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Warehouse Management Systems Market | Valuates Reports
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Trends Influencing the Global Warehouse Management Systems Market
Rapid digitization and the rise of the eCommerce industry
Digital technology has penetrated every stage of supply chain management. Moreover, online purchases have skyrocketed. This creates the need for multichannel distribution centers and staff to meet the growing consumer demand and volume of goods. Legacy systems and manual structures are inefficient in handling the globalized supply chain systems. Easy and quick transfer of information is a must for rapid collaboration amongst various stakeholders. These factors will fuel the demand for the warehouse management systems market in the upcoming years.
Mounting up of work pressure
The rising stock levels and scarcity of quality labor have worsened the problems of premium supply chain services. The labor shortage is a lingering problem. Hence business executives are shifting towards WMS solutions for managing labor productivity, warehouse storage locations, and individual inventory measurement. This in turn will drive the growth of the warehouse management systems market during the forecast period.
The shift towards automated operations
Data-driven operations form the base for warehouse efficiency. The majority of organizations are transitioning to warehouse automation for boosting sales and consumer fulfillment. The benefits include labor management, safety, reduction of errors, cost efficiency, and fast scale-up capacity. Moreover, WMS solutions provide quick adaptability to unexpected changes or demand-supply fluctuations. Integration in a single dashboard offers better control over the supply chain networks. These factors will propel the growth of the warehouse management systems market during the review period.
Huge implementation costs and security concerns
WMS software integration can be time-consuming. The costs can be huge in the form of hardware purchase, maintenance, and additional spending on staff training. Furthermore, cybersecurity threats and granting unauthorized access to doubtful internal people can open up risks related to the privacy of your data. This will restrain the warehouse management systems market in the coming years.
Warehouse Management Systems Market Share Analysis
Based on component type, the software segment will maintain dominance in the warehouse management systems market share due to rising awareness levels and globalization of supply chain networks. This in turn is leading to the up-gradation of warehousing and logistics infrastructure.
Based on industry vertical, the transportation and logistics segment will grow the largest in the warehouse management systems market share due to growing penetration of the eCommerce industry, rising income levels, and rapid integration of WMS.
Based on region, Asia-Pacific will provide huge scope for growth in the warehouse management systems market share with 15.8% due to the growing manufacturing industry and digitization in the emerging economies.
By Component Type
• Software
• Services
By Industry Vertical
• Automotive
• Electronics
• Food & beverage
• Transportation & logistics
• Pharmaceutical
• Others (retail, household & personal care, manufacturing)
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By Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Russia
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
Key Players
• HighJump Software Inc
• Oracle Corp.
• SAP AG
• Tecsys
• Infor Inc.
• JDA Software Group, Inc.
• Manhattan Associates, Inc.
• Logfire, Inc.
• Softeon, Inc.
• Interlink Technologies
Other Companies Mentioned in the Report
SmartTurn, Justransform, SNS, Provia Software, EXE Technologies, Infor/SSA Global, Swisslog WMS, Royal 4 Systems' Warehouse Information System, Snapfulfil, Synergy Ltd., Produmex, ERCIM, Indigo Software, Yobel SCM, NUO Consulting, and GCM Business Consulting & Technology.
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