Warehouse Management System Market by Offering (Software, Services), Deployment (On Premises, Cloud), Tier Type (Advanced, Intermediate, Basic), Industry, and Region (2021-2032)-Numina Group, Cassioli, Swisslog, SelectHub, Mecalux, Viastore Systems, GreyO

The global warehouse management system market size is expected to grow from USD 3.2 billion in 2021 to USD 6231 billion by 2032, at a CAGR of 22.7% from 2021 to 2032.

The recent trends in global logistics such as delivery KPIs, increased flexibility in the supply chain, and cost-cutting are the drivers for 3PL and supply chain industry to adapt to warehouse management systems. The increase of e-commerce and online buying trends of customers is further driving the growth of warehouse management systems market. Favorable trade and government policies and lower taxes on businesses are a few of the factors that are driving foreign investments in developing economies. Hence, emerging countries are one of the key growth opportunities for the WMS market.

The Automated Warehouse Management System market industry report includes details about the historical analysis of the Automated Warehouse Management System market, which has the timeline from 2017 to 2020. The current status of the Automated Warehouse Management System market is also well discussed in the report along with the forecast market analysis till 2030. The report begins with the basic Automated Warehouse Management System market overview, which includes the market definition, market scope, and the target audience. In the later section, the market dynamics is defined extensively, which includes market drivers, restraints, opportunities, challenges, market advancements in terms of technology and others.

Some of the Major Key players profiled in the study are Numina Group, Cassioli, Swisslog, SelectHub, Mecalux, Viastore Systems, GreyOrange, DAIFUKU, Westfalia Technologies, Alstef

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OPPORTUNITIES: Adoption of digital technologies in supply chain management
The supply chain in today's time is a series of discrete and isolated phases/stages-ranging from marketing, product development, manufacturing, and distribution stages to end users and after-sales services. With the rise in technological advancements, digitization has spread across all operations of the supply chain. The digitization of the supply chain aids in building a completely integrated ecosystem, which is fully transparent to all the players involved-from suppliers of raw materials, components, and parts to transporters of the supplies and finished goods, and finally to the customers demanding fulfillment. The digitization of the supply chain will have several more advantages like streamlined operations. Digitization reduces time wastage as the processes are automated, the decision-making is robust and improved. The errors are identified and solved easily. In digital systems, the collaboration and exchange of information between the vendors and enterprises are likely to be much more transparent, which will result inmore productivity. The digitization of the supply chain will also reduce lead time and thus increase profitability.

CHALLENGES: Insufficient knowledge of WMS among small-scale industries
Small-scale industries traditionally operate their warehouses with legacy systems. As the annual income of small-scale industries is not very high, investments to set up WMS seem to be an unnecessary expense for these business owners. Similarly, they have a small amount of workforce, among which finding a skilled worker to maintain WMS, may be a tedious and investing task.Owing to the reluctance to replace traditional systems and limited growth plans, business owners in small-scale industries fail to recognize the benefits they can avail of by using WMS. Further, significant investments associated with the deployment of WMS and high upfront costs restrain the adoption of WMS. The deployment of WMS involves extra costs for license purchase, upgrades, and employee training; this factor also limits the adoption of WMS by small-scale industries. The deployment of WMS increases the efficiency of warehouse operations, reduces operational expenses, and enhances labor productivity. However, the lack of awareness about the benefits of WMS among small-scale industries poses a challenge for the players in the WMS market.

Warehouse Management System Market for E-commerce industry to grow at the highest CAGR during the forecast period
The e-commerce industry is experiencing tremendous growth with the increasing use of the internet and internet-enabled devices such as smartphones, tablets, and desktops. The growth of the e-commerce industrycan be attributed to the increasing trend of electronic fund transfer, internet marketing, online transaction processing, and electronic data interchange. E-commerce has modernized the retail business concept for organizations, vendors and customers by reducing cost, improved quality, and speedy delivery of products. E-commerce has four major models: business-to-business (B2B), business-to-customer (B2C), customer-to-customer (C2C), and customer-to-business (C2B). E-commerce is one of the fastest-growing end-user industries of WMS solutions. Rapidly changing customer demands, rise in online shopping, increasing demand for shorter delivery times, and fierce competition among online retailing companies have boosted the demand for automated fulfillment centers, which, in turn, has increased the demand for adaptable and dedicated WMS solutions in the e-commerce industry.

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Market Analysis and Insights Related to COVID-19

Due to the COVID-19 virus outbreak in December 2020, the pandemic has affected almost all the regions on the global platform in terms of human life and economy. The Automated Warehouse Management System market has also been impacted due to COVID-19.
Based on the analysis by our research analysts: COVID-19 will affect the Automated Warehouse Management System market economy in three ways. First, by directly affecting production and demand. Secondly, by creating supply chain and market disruption and lastly, by its financial impact on firms and financial markets.
How the Automated Warehouse Management System Market Report will prove useful?

Data provided will help to analyze the future prospects of the Automated Warehouse Management System market.
Segment analysis will help in identifying the untapped opportunities of the Automated Warehouse Management System market.
It will help in identifying the current trends that are ruling the market and how technological advancements will prove useful for further market developments.

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By Offering:
Software
Services

By Deployment:
On Premises
Cloud

By Tier Type:
Advanced WMS (Tier 1)
Intermediate WMS (Tier 2)
Basic WMS (Tier 3)

By Industry:
Third Party Logistics (3PL)
Automotive
Food & Beverages
Healthcare
E- commerce
Chemicals
Electricals & Electronics
Metals & Machinery
Others

Recent Developments
In May 2020,Manhattan Associates, Inc. launched the Manhattan Active Warehouse Management Solution. It is the world's first cloud-native enterprise-class warehouse management system (WMS) that unifies every aspect of distribution and never needs upgradation
In April 2019, HighJump (Körber) launched its latest solution, HighJump CLASS, for the simulation and design of warehousing and logistics. HighJump CLASS empowers businesses worldwide to stay competitive and connected with the future supply chain

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