Press release
$3.04 Bn expected for Global Warehouse Management Systems Market at 14% CAGR by 2022
Warehouse management systems reduce the delivery lead times and errors while processing the orders of product. Therefore, the suppliers get greater efficiency and productivity while implementing warehouse management system and help to build a strong relationship between supplier and customer.
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Increasing awareness about the cloud-based warehouse management system is fueling the growth of this market.Warehouse management system allows enterprises to cut expenses of manpower because the system itself can do many things at the same time. With a small number of workers, many things can be accomplished. However, the dominance of ERP vendors and costly deployment of warehouse management system solutions are restraining the market growth of warehouse management system market. Challenges associated with the implementation of the distribution software such as conventional distribution process, lack of awareness regarding advanced warehouse management system solutions, materials handling interface requirements, and other factors result in resource monopolization and operational disruption risks. Many such firms depend on a traditional method such as memory-based processes and paper-based warehouse operations which are hindering the growth of warehouse management system market growth. Nonetheless, technological advancements are predicted to reduce these challenges over the forecast period.
By component, warehouse management system market is segmented into software and services. Software used in warehouse management system is on-premise and cloud. Services include in warehouse management system are system integration, consulting, operation and maintenance. Applications of warehouse management system are retail, food and beverage, pharmaceutical, agriculture and others.
The key players participate in warehouse management systems are HighJump Software, Infor Inc., JDA Software Group, Inc., Tecsys, Inc., LogFire Inc., Manhattan Associates Inc., Made4net LLC, Oracle Corporation, SAP SE, Reply, Softeon, Inc. and Synergy Logistics Ltd., among others.
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Other major prominent players in warehouse management system are Produmex, SmartTurn, Just transform, Indigo Software, Swisslog WMS, SNS, Provia Software, EXE Technologies, Infor/SSA Global, Royal 4 Systems’ Warehouse Information System, Snapfulfil, Synergy Ltd., ERCIM, Yobel SCM, NUO Consulting, and GCM Business Consulting & Technology, among others.
The report segments global warehouse management systems market as follows:
Global Warehouse Management Systems Market: Component Segment Analysis
Software
On-premise
Cloud
Services
Global Warehouse Management Systems Market: Application Segment Analysis
Retail
Pharmaceutical
Electronics
Food & Beverage
Others
Global Warehouse Management Systems Market: Regional Segment Analysis
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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