Press release
Warehouse Management System Market 2018 Global Key Players: HighJump Software, Oracle Corporation, Manhattan Associates Inc., Tecsys Inc., SAP SE, JDA Software Group, Softeon Inc.
Warehouse Management System Market
Warehouse Management System is a software application aimed at supporting warehouse or distribution center. High demand from end use sectors is the primary driving factor for the growth of warehouse management system market. Add-on module sales, supply chain platform integration and cost of ownership benefits also fueling the growth of the market.
On the basis of services, warehouse management system market is segmented as software, consulting, system integration, and operations & maintenance. Software segment accounts the largest share because of the software as a service (SaaS). Large companies with small warehouses need WMS because they have same operational challenges as their counterparts. Hence several WMS suppliers have decided to go after the low-end of the warehouse market by providing their software as a service. It helps the smaller companies with less capital investments and greater flexibility. Software segment is expected to increase at a good pace during the forecast period.
On the basis of application, warehouse management system market is segmented as electronics, pharmaceutical, transportation & logistics, retail, and others. Transportation & logistics sector is expected to show the significant growth during the forecast period because numerous providers offer transportation management system (TMS) for their WMS solutions. Also in Retail sector, WMS reduces the delivery time and errors while processing the orders which strengthens the supplier‐customer relationships, and is a remarkable driver for the WMS market. The Warehouse Management System market is expected to cross USD 2.65 billion at the end of the forecasted period and is expected to grow at CAGR of approximately 14% from 2016 to 2022
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Prominent Players
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.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Warehouse Management System Market.
Industry News
In April 2017, Oracle announced a new supply chain cloud functionality that helps businesses master challenging warehouse fulfillment issues in order to help outpace their competition. Version 8 of Oracle Warehouse Management Cloud has the latest functional user experience and integration enhancements that provide a comprehensive view of inventory from supplier to the distribution center (DC) to store shelves.
In September, 2016, Oracle Corp. Business software giant would buy LogFire Inc., a provider of cloud-based warehouse management systems (WMS), to help Oracle complete its portfolio of supply chain management applications in an effort to compete with logistics technology specialists like Manhattan Associates Inc. and JDA Software Group Inc.
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Global Warehouse Management System Market - Competitive Analysis
Global Warehouse Management System Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
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