Automated Warehouse Management System Market will reach at USD 7.45 billion by 2032-Numina Group, Cassioli, Swisslog, SelectHub, Mecalux, Viastore Systems, GreyOrange, DAIFUKU, Westfalia Technologies, Alstef

The global warehouse management system market size is expected to grow from USD 2.82 billion in 2021 to USD 7.45 billion by 2032, at a CAGR of 16.7% 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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Asia-Pacific region is expected to dominate the market over the forecast period owing to the increasing focus on the research, development, and manufacturing of Automated Warehouse Management System in countries including China, Japan, India, and South Korea.

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.

Automated Warehouse Management System Market Taxonomy

Automated Warehouse Management System Segmentation by Type:

Standalone System, Supply Chain Module System, Integrated System.

Automated Warehouse Management System Segmentation by Application:

Energy, Transport/Logistics, Healthcare, Retail, Manufacturing, Other

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This research report categorizes the warehouse management system market by offering, deployment, tier type, industry, and region.

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

Component Insights
The services segment held the highest revenue share in the WMS market, contributing to more than 81.8% revenue share in 2021. The services segment includes consulting, system integration, operation, and maintenance services. Warehouse management can be provided as a service by third-party vendors, which is outsourced by WMS providers. Vendors sell their products by either offering them as a service, which helps the clients to focus on their core business operations or by selling the software to the client without the service.

The software segment is expected to emerge as the fastest-growing segment, registering a CAGR of 18.2% from 2022 to 2030. The growth can be attributed majorly to the increasing adoption of WMS software by small and midsized enterprises (SMEs) worldwide. The software is hosted via a cloud-based computing system.

Function Insights
The analytics & optimization segment is expected to emerge as the fastest-growing segment, registering a CAGR of 16.6% from 2022 to 2030. On the other hand, the revenue contributed by the systems integration & maintenance segment is likely to be the highest throughout the same period. Functions such as inventory receiving and putting away, optimization of picking and shipping of orders, and guidance in inventory replenishment are being carried out by WMS.

Order picking functionality is one of the most crucial features in a warehouse management optimization suite that is designed to automate the paper-based picking process. The material handling process and picking are affected by many factors, including warehouse layout, customer requirements, order type, and product velocity. A warehouse management system capable of accommodating fulfillment requirements irrespective of individual warehouse characteristics is more beneficial than a WMS with a limited scope of application.

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