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(Construction.IndustryNews247.Com, October 28, 2017 ) Market Highlights 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.
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.
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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.
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.
Scope of the Report: This study provides an overview of the Global Warehouse Management System market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global warehouse management system market as type and end-user.
By Service Type • Software • Consulting • System integration • Operations & Maintenance
By Application • Electronics • Pharmaceuticals • Transportation & logistics • Retail • Others
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Key Points from Table of Contents:
10. Company Profiles
10.1 HighJump Software 10.1.1 Overview 10.1.2 Financials 10.1.3 Service Type Portfolio 10.1.4 Business Strategies 10.1.5 Recent Development
10.2 Oracle Corporation 10.2.1 Overview 10.2.2 Financials 10.2.3 Service Type Portfolio 10.2.4 Business Strategies 10.2.5 Recent Development
10.3 Manhattan Associates Inc. 10.3.1 Overview 10.3.2 Financials 10.3.3 Service Type Portfolio 10.3.4 Business Strategies 10.3.5 Recent Development
10.4 Tecsys Inc. 10.4.1 Overview 10.4.2 Financials 10.4.3 Service Type Portfolio 10.4.4 Business Strategies 10.4.5 Recent Development
10.5 SAP SE 10.5.1 Overview 10.5.2 Financials 10.5.3 Service Type Portfolio 10.5.4 Business Strategies 10.5.5 Recent Development
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