Warehouse Management Systems Market: Warehouse Management Systems Used Extensively in Third-party Logistics
“WMS players from the developed markets of North America are expanding their operations in emerging markets such as India, Brazil, China, Indonesia, and several European countries, which have been experiencing high growth in the retail applications of warehouse management systems,” the author of the study states.
For instance, in September 2015, Canada-based Tecsys, Inc. expanded its presence in the European market by starting operations in the U.K., Italy, France, Germany, Spain, and Portugal.
The opportunity in the global warehouse management systems market was worth US$1.2 bn in 2015 and is expected to be worth US$4.1 bn by 2024, expanding at a strong 14.1% CAGR from therein.
Obtain Report Details @
Warehouse Management Systems Used Extensively in Third-party Logistics
Accounting for a share of just over 58% in 2015, services formed the leading component segment in the overall warehouse management systems market. At a 15.1% CAGR from 2016 to 2024, this segment is also projected to witness a growth rate higher than the software segment. Between on-premise and cloud-based warehouse management systems, the former accounted for a share of around 77% in 2015. However, cloud-based WMS are likely to witness immense growth during the course of the forecast period.
Based on application, third-party logistics held the leading share in the WMS market in 2015, while the pharmaceutical segment is projected to register a high CAGR from 2016 to 2024. Geographically, Europe held a 43% share in the total revenue generated by the global warehouse management systems market in 2015, generating US$560.7 mn that year. On the other hand, Asia Pacific will register a 17.2% CAGR during the course of the forecast period, emerging as an immensely lucrative regional segment in the warehouse management systems market.
This 146-page report gives readers a comprehensive overview of the Warehouse Management Systems Market. Browse to unlock the hidden opportunities in this market@
Changing Retail Scenario in APAC a Key Demand Driver
Globalization and the rising demand for advanced warehouse management solutions in the emerging markets of Asia Pacific is one of the key factors fueling the demand for warehouse management systems. “Rising urbanization and the consequent increase in per capita income have brought about a remarkable transformation in the retail sector in the region,” the lead analyst states.
Consumers have been increasingly inclined toward online shopping owing to the vast benefits the platform presents, owing to which, the very structure of the retail sector has evolved. Trying to meet the growing consumer demand and the resultant tackling challenges of capacity and capability has significantly boosted the demand for warehouse management systems worldwide.
“However, even with the time and cost saving features of WMS, factors such as high initial investment cost and the lack of ICT infrastructure in many countries are likely to curtail the growth of the warehouse management systems market,” the author of the study predicts.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
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: Warehouse Management Systems Used Extensively in Third-party Logistics here
News-ID: 546520 • Views: 854
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 Warehouse
Data Warehouse Software Market Size And Forecast | BI360 Data Warehouse | Micros …
Data Warehouse Software Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028. The Data Warehouse Software Market report offers a wide range of information on various aspects of the industry such as Growth strategies, segmentation by product type, applications, regions, and key players. In addition to
Smart Warehouse Management System | Smart Warehouse Solutions
Armstrong is India’s biggest Intralogistics automation company, with 20 years of experience, over 1000 projects, in 14 countries. We build intelligent intralogistics solutions. With innovative know-how, we automate your inbound, outbound, storage and sorting operations. Our uniquely crafted solutions double your productivity, with 100% visibility and eliminate pilferage. To enhance your profitability, we deploy Robotics, Artificial Intelligence, Machine Learning and Business Intelligence. All our customers including Fortune 500 companies engage
PALMS Warehouse Management System, Inventory Management, Agriculture Warehouse, …
Palms Warehouse Management System easily integrates with Put to Light Systems for accurate Order Segregation or Inventory Sortation.For more detail kindly contact us http://www.onpalms.com/ http://www.technoforte.co.in/ T - (India): +91-93412-57187 (UAE): +971-50-5528942 E - firstname.lastname@example.org 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
Warehouse Automation Solutions Market - Integration Of Industry 4.0 With Warehou …
Warehouse automation involve robots that are designed and programmed to perform various material handling tasks. The robots can move from one aisle to another and can handle a wide variety of warehousing tasks, and can also be transferred to other warehouse buildings. There are many types of mobile and fixed robots which synchronously work to convey the inventories across the warehouse. Obtain Report Details @ https://www.transparencymarketresearch.com/warehouse-automation-solutions-market.html A number of industries has fuelled
Warehouse Management Systems Market - Warehouse Management Systems Enable Compan …
Given the highly fragmented vendor landscape, only a few companies such as JDA Software Group, Inc., Oracle Corporation, SAP SE, and Manhattan Associates Inc. among other could establish themselves as strong players in the global warehouse management system (WMS) market. Transparency Market Research (TMR) identifies the presence of several regional players, besides significant representation of companies with global presence, which has rendered the global warehouse management system market highly competitive. Obtain
Music meets data warehouse
Innovative database technology for Sony Music Entertainment Germany Nuremberg, Germany, October 4th 2010 – EXASOL, a leading provider of a powerful database management system (DBMS) for precise data analysis, announced today that Sony Music Entertainment Germany will implement its innovative data warehouse (DWH) solution EXASolution for data analysis and monitoring. Sony Music Entertainment Germany GmbH is a division of Sony Music Entertainment, one of the world's leading music companies. The EXASolution