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2024 Global Warehouse Management System Market Size, Share, Trends And Growth Analysis Report | IBM Corp, Oracle Corp, Honeywell International Inc., SAP SE, Zebra Technologies Corporation
Warehouse Management System Global Market Report 2024
As per the report, 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 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%.
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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.
Cutting-Edge Technological Advancements Propel The Warehouse Management System Market Forward
Technological advancement is a key trend gaining popularity in the warehouse management system market. Technological advancement is the discovery of knowledge that advances technology. For instance, in May 2020, a US-based provider of technology solutions for distribution centers launched the Manhattan Active Warehouse Management solution, which marks the world's first cloud-native enterprise-class warehouse management system (WMS). The new warehouse management system unifies every aspect of distribution and contains unified control, which allows management team members to quickly visualize, diagnose, and take action anywhere in their supply chain.
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
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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
Contents of the report:
1. Executive Summary
2. Warehouse Management System Market Report Structure
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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