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Warehouse Management System Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region

03-11-2024 11:57 AM CET | Logistics & Transport

Press release from: The Business research company

Warehouse Management System  Market

Warehouse Management System Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Warehouse Management System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The warehouse management system market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to integration with ERP systems, demand for real-time visibility, scalability and flexibility needs, focus on lean management, compliance and regulatory requirements.

The warehouse management system market size is expected to see rapid growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to cross-border trade complexity, mobile-first solutions, supply chain resilience, green warehousing initiatives, robotics and automation expansion. Major trends in the forecast period include supply chain visibility and collaboration, scalability and flexibility demands, sustainability and green warehousing, omni-channel retailing impact, AI and machine learning implementation.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=5750&type=smp

Market Segmentation:
The warehouse management system market covered in this report is segmented -

1) By Offering: Software, Services
2) By Deployment: On Premises, Cloud
3) By Function: Labor Management System, Analytics And Optimization, Billing And Yard Management, Systems Integration And Maintenance
4) By Application: Transportation And Logistics, Healthcare, Retail, Manufacturing, Food And Beverage, Other Applications

Major Driver - Rising E-Commerce Demand Fuels Surge In Warehouse Management System Market
The increase in demand from e-commerce companies for larger warehouses with better tracking and forecasting is expected to drive the warehouse management system market. The growing e-commerce industry requires continuous tracking of all the equipment and inventory forecasting to keep up with demand and maintain large cargo movement. For instance, a study from research firm Knight Frank reported that the annual warehousing transactions in India are expected to increase from 31.7 million square feet in 2021 to 76.2 million square feet in 2026. Therefore, increasing demand from e-commerce companies is expected to boost the market during the forecast period.

Competitive Landscape:
Major companies operating in the warehouse management system market report are IBM Corp, Oracle Corp, Honeywell International Inc., SAP SE, Zebra Technologies Corporation, Reply S.p.A., Infor Inc., Technology Solutions Ltd., PTC Inc., Mecalux S.A., Epicor Software Corporation, Manhattan Associates Inc., Blue Yonder Group Inc., JDA Software Group Inc., Tecsys Inc., Softeon Inc., HighJump Software Inc., Datex Corporation, Dovetail Systems Inc., Softrax Corporation, 3PL Central LLC, Made4net LLC, PSI Logistics GmbH, Synergy Ltd., Mantis S.A., Generix Group, Microlistics Pty Ltd., Cadre Technologies Inc., Fritz Schäfer GmbH, Ivanti Wavelink

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/warehouse-management-system-global-market-report

Top Trend - Redefines Warehouse Management with Cutting-Edge Technology
Major companies operating in the warehouse management system market are focusing on developing innovative technologies to deliver significant benefits in terms of efficiency, cost savings, employee satisfaction, and future-proofing their operations. The warehouse management system was developed, tested, and implemented across 10 North American warehouse sites in just eight months. The system has cloud capabilities that offer cost savings and can be updated every year, as opposed to the industry standard of every five to seven years. For instance, in May 2023, Mars Inc., a US-based food company, launched a new warehouse management system (WMS) to drive efficiency and save millions of dollars. It also features an optimized task interleaving process to streamline warehouse operations and improve productivity. The development of the WMS aligns with Mars' commitment to its five principles, including quality, responsibility, mutuality, efficiency, and freedom. The new system has been well-received by Mars' warehouse teams and has contributed to the company's overall efficiency and cost savings.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Warehouse Management System Market Characteristics
3. Warehouse Management System Market Trends And Strategies
4. Warehouse Management System Market - Macro Economic Scenario
5. Warehouse Management System Market Size And Growth
…..
27. Warehouse Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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