Press release
Warehouse Execution System Market Size Forecasted To Achieve $4.02 Billion By 2029 With Steady Growth
Warehouse Execution System Market Share
What Is the Warehouse Execution System Market Size and Projected Growth Rate?
The scale of the warehouse execution system market has experienced swift expansion in the past few years. It is projected to increase from $1.98 billion in 2024 to $2.21 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%. This ascension in the historical period is linked to pilot projects and successful outcomes, specific demands from various industries, emphasis on real-time visibility, scarcity in labor and pressure on costs, along with customer expectations.
In the coming years, the warehouse execution system market is predicted to experience swift expansion, escalating to a value of $4.02 billion in 2029 with a compound annual growth rate (CAGR) of 16.2%. The predicted growth in this period can be credited to cross-industry utilisation, data analytics, commitment to sustainability, customer-focused fulfilment, and the need for operational effectiveness. The forecast period is also expected to see significant trends such as the integration of automation and robotics, the application of artificial intelligence and machine learning, multi-channel fulfilment, the use of cloud-based solutions, and dynamic slotting along with inventory optimisation.
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What Are the Major Segments in the Warehouse Execution System Market?
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
Subsegments:
1) By Software: Warehouse Management Software (WMS), Order Management Software, Inventory Management Software
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services
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What Are The Driving Warehouse Execution System Market Evolution?
The warehouse execution system market is witnessing significant expansion, thanks to the booming e-commerce industry triggered by the pandemic. E-commerce entails the buying and selling of products and services, coupled with the transmission of payments and data over an electronic network, primarily the internet. These systems assist E-commerce by efficiently managing, optimising and steering the physical operations in a warehouse or distribution centre, including receiving, picking, and restocking. For instance, the US Department of Commerce, responsible for fostering economic growth and opportunity, reported a 2.4% increase in retail e-commerce sales in the first quarter of 2022 compared to the same period in 2021, with a value of $250.0 billion. Consequently, the mushrooming growth of the e-commerce industry, fueled by the pandemic, is propelling the growth of the warehouse execution system market.
Which Firms Dominate The Warehouse Execution System Market Segments?
Major companies operating in the warehouse execution system market include 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., 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
What Trends Are Expected to Dominate the Warehouse Execution System Market in the Next 5 Years?
Significant technological advances are a trending aspect in the warehouse execution system market. Key players here are focusing on creating new technologies in an effort to cement their place within the sector. An example of this is Kardex Group, a company based in Switzerland specializing in the development of forward-thinking automated solutions designed to streamline logistics and warehouse operations, and optimize storage and retrieval procedures. In March 2024, they launched the FulfillX solution, a warehouse execution system (WES). This adaptable WES, known as FulfillX, improves picking and packing by using the potential of the AutoStore capabilities to efficiently fulfill orders and at the same time, optimize putaway and inventory processes. The use of Kardex FulfillX provides users with a real-time view of their operations, allowing them to carry out tasks via an efficient interface and also receive downtime approximations. Plus, the Kardex-specific AutoStore support team enables quick system enhancements. The FulfillX system also boasts strong security features, including Microsoft Identity single sign-on and role-based security.
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Which Is The Largest Region In The Warehouse Execution System Market?
Western Europe was the largest region in the warehouse execution system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the warehouse execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Warehouse Execution System Market?
2. What is the CAGR expected in the Warehouse Execution System Market?
3. What Are the Key Innovations Transforming the Warehouse Execution System Industry?
4. Which Region Is Leading the Warehouse Execution System Market?
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