Warehouse Management Systems Market - Rising from a value US$4.1 bn by 2024
Another significant factor supporting its growth is the increasing adoption of BYOD in various industries such as retail, 3PL, healthcare, and manufacturing. This has led to an increasing demand for cloud-based WMS solutions, subsequently driving the warehouse management systems market.
The market is anticipated to expand at a revenue-based CAGR of 14.1% during the forecast period, rising from a value of US$1.2 bn in 2015 to US$4.1 bn by 2024.
Higher Cost-effectiveness of Cloud-based Warehouse Management Systems a Plus Point
On the basis of the component, the market can be bifurcated into software and services. The software segment comprises on-premise and cloud-based warehouse management systems. In 2015, on-premise WMS accounted for the maximum revenue share of the warehouse management software market at around 77%.
Request A Sample Of This Report:
However, cloud-based warehouse management software is expected to show sustainable growth during the forecast period due to various technological advancements and a higher cost-effectiveness as compared to on-premise warehouse management software.
In terms of revenue, Europe was the leading regional market for warehouse management systems, accounting for around 43% of revenue share in 2015. The region is expected to retain its dominance in the WMS market throughout the forecast period. This market is primarily driven by the role of third-party logistics.
Third-party logistics companies are increasingly adopting warehouse management systems to enhance various functionalities, improve customer relationship experience, and support a cost-effective management system.
The warehouse management systems market in North America is projected to show moderate growth during the forecast period, with the U.S. emerging as one of the most attractive regional segments.
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Warehouse Management Systems Market - Rising from a value US$4.1 bn by 2024 here
News-ID: 430004 • Views: 333
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for WMS
Best Warehouse Management Software for All Industries | Easy to integrate WMS | …
PALMS Warehouse Management System offers well-proven IT solutions for state-of-the-art performance in manual, mixed and automated warehouses. Quick Implementation. Get 24/7 Technical Support. Free Product Tour Available. Best Price. PALMS™ Logistics Platform is a solid framework for Logistics solution development, extension and integration with other systems (ERP, AS/RS etc.) PALMS™ Analytics helps companies improve their bottom line by providing information Dashboards depicting their KPI and KPA. This gives both, the management and
Palms Warehouse Management System | Best WMS Software
PALMS™ Warehouse Management System provides configurable Supply Chain processes required by companies to provide better customer service and control operational costs. Highly advanced logic based stock put away, collection and intelligent direct stock movement features in PALMS™ helps dramatically control labor costs and space utilization.The solution based on its Service Oriented Architecture offers full integration to sales, purchasing, logistics and other 3rd party systems. Multiple Warehouses, Multiple Locations and Multiple Principals
Europe Warehouse Management Systems (WMS) Market Report 2016
MarketResearchReports.Biz presents this most up-to-date research on "Europe Warehouse Management Systems (WMS) Market Report 2016" Description This report studies sales (consumption) of Warehouse Management Systems (WMS) in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering AFS Technologies AGI Worldwide ASC Advanced Systems Consultants Aldata Appolis Argos Software Navitas Automation Associates BFC Software Market Segment by Countries, this report
WMS Spice up India’s SAP Business One Market with TaskCentre
Orbis Software today announced that it has appointed WMS Software as a distributor for TaskCentre for both India and the neighbouring Asian economies. This partnership will see WMS Software distribute the Business Process Management (BPM) Suite, TaskCentre for SAP Business One, to over one hundred SAP Business One channel partners in India and Asia. Sven Theophil, Senior Account Manager for Orbis Software commented, “WMS were recommended by SAP India as the
Datex FootPrint® WMS Debuts New Robust Procurement Module
Datex FootPrint ® WMS has added new powerful functionality to its already advanced warehouse management software. Developed to help businesses save money through centralized visibility and approval process control, the new procurement module developed in update 3.2 for Datex FootPrint ® is already a hit with its customers. Most warehouse management systems do not offer a robust procurement management system combined with advanced warehouse management system, increasing the
Datex Corporation Releases New Version of its FootPrint® WMS
Datex Corporation today announced it will launch a new version of its application, Datex FootPrint® WMS, which works with Microsoft SQL Server 2008 R2 and Microsoft Windows Server 2008 R2 to offer customers enhanced security, as well as innovative user interface features and reliability improvements. Datex FootPrint® utilizes state-of-the-art Microsoft .NET technology to provide a unified WMS solution, built from the ground up, rather than updated from older software.