The global warehouse management system (WMS) market size is expected
to reach USD 5.72 billion by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 16.3% during the forecast period.
Growing transition towards cloud-based management systems in the warehouse
industry is anticipated to boost the demand for WMS based on the
Software-as-a-Service (SaaS) model.
Advancements in cloud-based
technologies are estimated to fuel the adoption of WMS software irrespective of
the size and complexity of the organization where these solutions are used.
Surging demand for cloud-based systems can primarily be attributed to medium
and small-sized businesses that do not require implementation of advanced
warehouse technologies and high-speed automation.
Larger organizations are also
switching to cloud-based warehouse management systems as it allows
organizations to offload exhausting tasks such as maintenance, infrastructure
administration, and timely upgrades, among other tasks that are carried out on
the on-premise software. Cloud enables businesses running on conventional
on-premise technologies to transit to a platform that will support and cater to
their clients’ needs more efficiently. Low upfront cost and shorter
implementation time are key factors that are encouraging companies to move
toward cloud-based systems.
The drive toward automation is
high-paced where manufacturers are focusing on computerization of majority
activities while suppliers are developing WMS solutions to support market
demand. Demand for custom warehouse management and supply chain operation
solutions is poised to grow over time and drive the market.
Browse full research report on Warehouse Management System
(WMS) Market: https://www.grandviewresearch.com/industry-analysis/warehouse-management-system-wms-market
Further key findings from the report suggest:
- The cloud-based segment is expected to witness a high growth
owing to numerous functionalities that cloud-based WMS offers over the
traditional on-premise WMS. The segment is estimated to account for just
over 55.0% of the overall revenue by 2025
- The transportation & logistics segment is projected to
rise at the highest CAGR of about 18.0% from 2018 to 2025. This may be
attributed to soaring need for technologically advanced warehouse
management systems that can help logistics companies to keep their
operations aligned with the ever-demanding market
- The Asia Pacific WMS market is likely to experience the
fastest growth during the forecast period, due to high influx of
e-commerce players in the region
- Some of the key players in the market are Manhattan
Associates, Oracle, HighJump, SAP SE, Synergy Ltd., Tecsys, Reply, Epicor
Software Corporation, and PSI Logistics GmbH
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/warehouse-management-system-wms-market/request/rs1
Grand View Research has segmented the warehouse management system
(WMS) market based on component, deployment, function, application, and region.
WMS Component Outlook (Revenue, USD Million, 2014 - 2025)
- Software
- Services
WMS Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- On-Premise
- Cloud
WMS Function Outlook (Revenue, USD Million, 2014 - 2025)
- Labor
Management System
- Analytics
& Optimization
- Billing
& Yard Management
- Systems
Integration & Maintenance
- Consulting
Services
WMS Application Outlook (Revenue, USD Million, 2014 - 2025)
- Transportation
& Logistics
- Retail
- Healthcare
- Manufacturing
- Food
& Beverage
- Others
WMS Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- Middle
East and Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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