Global Warehouse Management Market: Rising Adoption of Cloud-based WMS to Boost Growth

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.

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To gain competitive strength, several prominent enterprises have plunged into the bandwagon, subsequently offering ‘software as a service’ or cloud-based software management systems. With this, the companies provide significant improvements such as easier management of inventory in real-time across the flow of supply chain, instantaneous connection to multiple warehouse infrastructure, and efficient demand planning. Furthermore, as a part of their strategy, several companies are forging strategic collaborations, besides engaging in merger and acquisitions. Through this the companies aiming at competitive advantage.

TMR pegged the global warehouse management system market at US$1,447.1 mn in 2016. Exhibiting a CAGR of 14.1% between 2017 and 2025, the global market is poised to reach US$4,658.0 mn by the end of 2025. Regionally, Europe held the dominant share of 42.7% in the global market in 2016 based on revenue. However, Asia Pacific is likely to emerge as one of the most lucrative markets over the report’s forecast period. Based on services, the maintenance segment held lead, accounting for nearly half of the overall warehouse management system market.

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Warehouse Management Systems Enable Companies Achieve Greater Efficiency and Productivity

Warehouse management systems reduce the time consumed during lead delivery, besides minimizing the risk of errors while processing orders. As suppliers seek to strengthen their customer ties, the demand for solutions that enable them achieve greater productivity and efficiency will surge. In response the implementation of warehouse management systems may rise. Spurred by this factor, the global warehouse management market will exhibit strong growth in the coming years. Furthermore, the market will considerably benefit from the increasing awareness regarding WMS software among small and medium scale companies. Also, the rising uptake of cloud WMS software solutions will emerge as a chief driver of the global warehouse management system market. In order to continue benefitting from the technology, regular upgrades are necessary to ensure data security. Therefore, the demand for regular testing and maintenance of the software will rise as well, in turn fuelling the demand for warehouse management system market.

The emergence of digital technology and expanding application of WMS has led to increased adoption of warehouse management systems. The market for warehouse management systems (WMS) is anticipated to expand at a revenue CAGR of 14.1% during the forecast period from 2017 to 2025. The global warehouse management systems market was valued at US$ 1,447.1 Mn in 2016. Warehouse management system (WMS) provides optimization, monitoring and control of complex warehouse and distribution activities such as yard management, dock scheduling, order management, labor management, inventory management

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