Warehouse management system Market Size, Growth, Trend, and Competitor Analysis.

The warehouse management system Market Size, Growth, Trend, and Competitor Analysis.
The warehouse management system market is expected to grow from US$ 14,517.07 million in 2022 to US$ 51,360.23 million by 2030; it is estimated to register a CAGR of 17.3% from 2023 to 2030.

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Warehouses are incorporating robots to perform simple and repetitive tasks, especially in industries such as manufacturing and retail & e-commerce. Due to shifting consumer preferences during the COVID-19 pandemic, warehouses across all sizes increasingly adopted automation to maintain social distancing and reduce the number of staff that works from the facility. In addition, robots are widely used to perform tasks for workers such as measuring temperatures and administering hand sanitizer. Many logistics experts have also shifted their manual operations to automation. Warehouse robotics technology is rapidly advancing; for instance, robots can navigate the warehouse autonomously. In addition to bulk transport of goods, robots can pick, pack, and palletize items, which simplifies warehouse-related processes. Moreover, the rising popularity of e-commerce has accelerated the demand for robots across WMS. With the growing number of online orders and rising demand for faster shipping, warehouses and fulfillment centers are leveraging robotic systems to improve order completion and better manage inventory. The demand for robot hardware systems is growing, which helps reduce the time and resources spent on retrieving and transporting items around the warehouse floor. The system allows workers to concentrate on more complicated processes such as packing and shipping orders.

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Impact of COVID-19 Pandemic on Europe Warehouse Management System Market Growth

In Europe, the timing and the degree of response by different countries to the COVID-19 pandemic, followed by gradually restarting economies, resulted in an adverse impact on the warehouse management system market in the region. Prominent European warehouse management system market players suffered a significant downturn in revenue forecasts as the supply chain was disrupted due to import and export restrictions. In addition, the shutdown of manufacturing and production in commercial spaces, especially during the initial phase of the pandemic, negatively impacted the market in the region. Several verticals, such as manufacturing, retail, e-commerce, and automotive, are adopting WMS offerings as consumers quickly migrate to internet platforms. In addition, there is a rise in demand for online food and beverages, essentials, and prescriptions-increasing the requirement for warehousing.

The List of Key Companies - Warehouse Management System Market
• Panasonic Corporation
• IBM Corporation
• SAP SE
• Epicor Software Corporation
• Softeon
• Infor
• Manhattan Associates
• PTC Inc.
• Tecsys, Inc.
• Oracle Corporation

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