Global Warehouse Management System (WMS) Market will expand with the rate of 14% CAGR and expected to reach the mark of 2.45 Billion USD by 2022
A warehouse management system (WMS) is a software application, designed to support warehouse or distribution center management and staff. WMS applications can be so complex and data intensive that they require a dedicated staff to run them. Consumers have been increasingly diverted toward online shopping owing to the vast benefits the platform presents, which increase the retail sector and have positive impact on warehouse management system market. Continuously growing end use industries are also adding to the market growth. Also, several WMS vendors started providing labor management systems which boost the demand of this market. However, lack of awareness about the benefits of the system may hamper the growth of this market. On the basis of region, Europe has both the highest market value and volume. Asia-Pacific region is expected to grow at the fastest pace during the forecast period. The warehouse management system market size was valued at around USD 1.15 Billion in 2015 and is expected to cross USD 2.45 Billion at CAGR of around 14% by 2022.
Market Research Analysis
The market is highly application based. The factors contributing to the growth of the warehouse management system market are, continuously growing end-use industries such as retail, logistics, electronics & others, and emergence of e-commerce and Omni-channel fulfillment requirements. The market is expected to have a higher growth rate as compared to the previous years. Europe is the largest region for the warehouse management system market.
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The key players of Global Warehouse management system (WMS) Market report include HighJump Software (U.S.), Oracle Corporation (U.S.), Manhattan Associates Inc. (U.S.), Tecsys Inc. (Canada), SAP SE (Germany), JDA Software Group Inc. (U.S.), LogFire Inc. (U.S.), Made4net LLC (U.S.), Softeon Inc.(U.S.), and Synergy Logistics Ltd (U.K.).
The report for Global Warehouse management system (WMS) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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