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Global Warehouse Management System Market will Reach at 14.5% CAGR by 2024
"Warehouse Management System Market" - Industry Trends and Forecast to 2024
The Global Warehouse Management System Market accounted to USD 1.4 billion in 2016 growing at a CAGR of 14.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Warehouse Management System Market
A warehouse management system (WMS) is a software application that supports the day-to-day operations in a warehouse. WMS programs enable centralized management of tasks such as tracking inventory levels and stock locations. The latest trend in this market is implementation in 3PL, improved suppliers and customer relationship, and e-commerce boom will leads the market in future. There is need of warehouse management systems for several industries like Automotive, Electronics, Food & beverage, Transportation & logistics, Pharmaceutical, Others will create a huge market for the warehouse management system.
Major Market Drivers and Restraints:
• Implementation in 3PL
• Improved supplier and customer relationships
• Global e-commerce boom
• Costly deployment of WMS solutions
• Dominance of ERP vendors
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Market Segmentation: Global Warehouse Management System Market
The market is segmented on the basis of material type, technology, application and geography.
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On the basis of components type the warehouse management system market is segmented into software and service. The software market is expected to grow in the forecasted period.
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On the basis of management system the warehouse management system market is segmented into Robotic System, Automated Guided Vehicle (AGV), Automated Storage and Retrieval System (ASRS), Automated Crane, Automated Conveyor and Sortation System. The AGV market is expected to grow in the forecasted period.
On the basis of end-user the warehouse management system market is segmented into Automotive, Electronics, Food & beverage, Transportation & logistics, Pharmaceutical, Others. The transportation & logistics market is expected to grow in the forecasted period.
Based on Geography the market is segmented into five geographical regions:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Global Warehouse Management System Market
Warehouse Management System Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Warehouse Management System Market
Some of the major players operating in warehouse management system market are Epicor Software Corp., JDA Software Group, Inc., Manhattan Associates, Inc., Oracle Corp., SAP SE, IBM Corp., Infor, Inc., PSI AG, PTC Inc., Tecsys Inc., Blujay Solutions, Highjump, Made4net, Microlistics Pty. Ltd., Vinculum Solutions Pvt. Ltd. among others. In 2017, Epicor Software Corp ERP system is selected by TEKCO for ongoing system support.
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