The Future Of Warehouse Management Systems Market: Trends And Insights

A warehouse management system can be defined as a software program that is designed and developed to facilitate the ease of real-time tracking of the location of the goods within a warehouse. This software provides an enhanced potential for handling operations at a warehouse or distribution centre. Its critical capabilities comprise stock locating, order receiving, inventory management, order picking, task interleaving, cycle counting, order allocation, labour management, packing, replenishment, and shipping. Over the past couple of years, the warehouse management system market has witnessed tremendous transformation in terms of handling complicated warehouse infrastructures and its total cost of ownership. With the implementation of cloud-based WMS solutions and services, the total cost of ownership has reduced remarkably.

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SAP SE; Microsoft Corporation; Oracle Corporation; IBM Corporation; and Epicor Software Corporation -Prominent Market Participants in Warehouse Management System Market

A warehouse management system can be defined as a software program designed and developed to facilitate the ease of real-time tracking of the location of the goods within a warehouse. This software provides an enhanced potential for handling operations at a warehouse or distribution center. Its critical capabilities comprise stock locating, order receiving, inventory management, order picking, task interleaving, cycle counting, order allocation, labor management, packing, replenishment, and shipping. Over the past couple of years, the warehouse management system market has witnessed tremendous transformation in terms of handling complicated warehouse infrastructures and their total cost of ownership. With the implementation of cloud-based WMS solutions and services, the total cost of ownership has reduced remarkably.

The COVID-19 outbreak significantly affected most industries across the globe. While few industries experienced a contraction in their productions and businesses, others faced severe outcomes such as the shutdown of businesses and movement restrictions. For instance, manufacturing, automotive, electricals and electronics, and construction industries had the most reductions, and on the other hand, healthcare and e-commerce businesses had a surge in demand. The implementation of lockdowns, social distancing, and various other safety measures in response to the pandemic led consumers to pursue online purchasing. The need for warehousing increased due to the rising trend of online purchasing, and several multinational companies set up new warehouses across numerous countries to accommodate this surge in demand. As COVID-19 subsides, the manufacturers continue to operate with a shortage of reliable warehouse labor. In addition, there is a massive labor reliability and warehouse operators are turning to WMS labor management/resource management solutions. There is growing need for WMS solutions to assist with employee engagement, labor productivity, and the identification of more creative ways to increase warehouse performance. Moreover, several companies are turning to automation and robotics to expand warehouse productivity. Also, WMS providers that support automation integration and orchestration largely benefit from the ability to manage warehouse labor and automation capabilities in concert.

The top five companies in the warehouse management system market are SAP SE; Microsoft Corporation; Oracle Corporation; IBM Corporation; and Epicor Software Corporation. The above listing of key players is derived by considering multiple factors such as overall market insights, dynamic trends, revenue, current general aviation portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.

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TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Warehouse Management System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Warehouse Management System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Migration to Cloud-Based WMS
5.1.2 E-Commerce Industry Growth
5.1.3 Global Supply Chain Networks
5.2 Market Restraints
5.2.1 High Initial Investment Cost and Lack of Awareness About WMS
5.3 Market Opportunities
5.3.1 Rising Adoption of Advanced Technologies Resulting in Smarter Warehouses
Continued....

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