Press release
Warehouse Execution System Market Size, Development Analysis, Key Trends, Growth Rate And Future Forecast (2024-2033)
Warehouse Execution System Market
The warehouse execution system market size is expected to see rapid growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to cross-industry adoption, data analytics, focus on sustainability, customer-centric fulfillment, demand for operational efficiency.. Major trends in the forecast period include automation and robotics integration, ai and machine learning implementation, multi-channel fulfillment, cloud-based solutions, dynamic slotting and inventory optimization..
Market Overview -
The warehouse execution system refers to a software application that optimizes facility management that integrates with a warehouse management system (WMS), an enterprise resource planning system (ERP) to manage and direct physical work processes. The warehouse execution system is used to maximize productivity, optimize inventory, increase accuracy, and improve safety.
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Pandemic-Driven E-Commerce Surge Fuels Growth In The Warehouse Execution System Market
The rising growth of the e-commerce sector owing to the pandemic propels the growth of the warehouse execution system market. E-commerce (electronic commerce) refers to the purchasing and selling of goods and services, along with the transmission of payments and data, over an electronic network, primarily on the internet. A warehouse execution system helps E-commerce by managing, optimizing, and directing the physical work processes such as picking, receiving, and replenishment in a warehouse or distribution center. For instance, according to the US Department of Commerce, the executive department of the U.S. federal government, concerned with economic growth and opportunity, in the first quarter of 2022, retail e-commerce sales increased by 2.4 % as compared to the first quarter of the previous year, 2021, which was valued at $250.0 billion. Therefore, the rising growth of the e-commerce sector owing to the pandemic is driving the warehouse execution system market growth.
Competitive Landscape -
Major companies operating in the warehouse execution system market report are Softeon, SSI SCHAEFER - Fritz Schaefer GmbH, Fortna Inc., Invata Intralogistics, Tompkins International Inc., Manhattan Associates Inc., Blue Yonder Group Inc., Körber AG, Oracle Corporation, SAP SE, Matthews Automation Solutions, Bastian Solutions LLC, Honeywell International Inc., Toyota Material Handling, VARGO Integrated Systems Inc., Westfalia Technologies Inc., Parametric Technology Corporation, Swisslog, Dematic, Mantis, Inther Group, Transportgeräte Wels Logistics Group, viastore SYSTEMS, Knapp AG, KION Group, Vanderlande Industries, Beumer Group GmbH & Co. KG, Interroll Holding AG, Daifuku Co. Ltd., Murata Machinery Ltd., GreyOrange
Technological Progress Is Transforming The Landscape Of The Warehouse Execution System Market
Technological advancements are the key trends gaining popularity in the warehouse execution system market. Major companies operating in the warehouse execution systems sector are focused on developing new technologies to strengthen their position in the warehouse execution systems market. For instance, in May 2021, Matthews Automation Solutions, a US-based automation company, launched a new product called Nexus. Nexus is a warehouse execution system (WES) that is designed to connect various automated processes to manage them as a centralized, integrated material handling system. It offers full visibility of the entire system, a balanced workflow, and an easy-to-use interface. With real-time data visualization, the system provides easily readable screens and a landing dashboard with customizable widgets. Nexus is accessible on multiple devices, including PCs, tablets, and smartphones, and supports dark and light themes with colorblind support. The system also features robust security with Microsoft Identity single sign-on and role-based security.
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Key Segments -
The warehouse execution system market covered in this report is segmented -
1) By Component: Software, Service
2) By Deployment: On-Premises, Cloud
3) By End User: Consumer Electronics, Healthcare, Food And Beverages, Automotive, Third-Party Logistics (3PL), Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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