Warehouse Management System Market
Warehouse Management System Market Forecasts to 2028 – Global Analysis By Tier Type (Basic Intermediate, Advanced), Function (Consulting, Labor, System Integration), Type (Prescriptive, Descriptive), Offering, By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2021) |
US $2.80 BN |
Projected Year Value (2028) |
US $9.30 BN |
CAGR (2021 - 2028) |
18.7% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Warehouse Management System Market is accounted for $2.80 billion in 2021 and is expected to reach $9.30 billion by 2028 growing at a CAGR of 18.7% during the forecast period. A warehouse management system (WMS) is a software program that aids in the control and management of warehouse operations. It offers visibility into a company’s complete inventory and manages supply chain fulfilment operations from the distribution center to the retail store shelf. The system can also help a firm in fulfilling orders more rapidly and instantaneously trace ordered products inside the warehouse.
Market Dynamics:
Driver:
Growth in the e-commerce industry
The enforcement of social distancing, lockdowns and other measures in response to the COVID-19 pandemic have led consumers to pursue online shopping. To continue with the social and economic activities, the world has turned toward digital solutions. The e-commerce industry is expected to grow at a high rate owing to the increasing number of online shoppers. Moreover, e-commerce offers convenience, such as real-time tracking, easy returns, and huge stock. A significant shift in consumers’ purchasing behavior has resulted in the increased implementation of real-time WMS software solutions for efficient order processing, picking, packaging, shipment tracking, and route planning.
Restraint:
Requirement of high investment
The high implementation cost of high-end on-premises WMS solutions is limiting the adoption of these WMS solutions among SMEs. Constant requirement of hardware upgrades and maintenance costs of on-premises WMS act as a major disadvantage. Despite offering advantages such as higher efficiency and lower maintenance cost, implementing on-premises WMS solutions adds significant upfront costs, including hardware and software setup, testing, employee training, and technology support. SMEs generally do not have a high number of finances available to invest in on-premises WMS solutions; this acts as a restraining factor for the growth of the market for on-premises WMS.
Opportunity:
Adoption of digital technologies
Digitization reduces time wastage as the processes are automated; the decision-making is robust and improved. The digitization of the supply chain aids in building a completely integrated ecosystem, which is fully transparent to all the players involved—from suppliers of raw materials, components, and parts to transporters of the supplies and finished goods, and finally to the customers demanding fulfillment. The digitization of the supply chain will also reduce lead time and thus increase profitability.
Threat:
Lack of skilled personnel for maintenance & implementation of WMS
SME’s have a small amount of workforce, among which finding a skilled worker to maintain WMS, may be a tedious and investing task. Owing to the reluctance to replace traditional systems and limited growth plans, business owners in small-scale industries fail to recognize the benefits they can avail of by using WMS. Further, significant investments associated with the deployment of WMS and high upfront costs restrain the adoption of WMS.
The cloud segment is expected to be the largest during the forecast period
The demand for cloud-based warehouse management systems is increasing, as these systems help in the communication between a supplier and buyer, and also help improve customer service and reduce inventory costs. Cloud warehouse management systems have the ability to manage both, inbound and outbound freight, and manage the use of cross-docking and can be accessed from any location through web-based portals.
The basic WMS (tier 3) segment is expected to have the highest CAGR during the forecast period
Tier 3 offers basic WMS functionality to permit users to manage the flow of materials in manual warehouses and on conveyors. These can be unified into picking systems and ERPs. They are planned to run on personal computers and use common operating systems like MS windows.
Region with largest share:
Asia Pacific is projected to hold the largest market share as the manufacturing sector is expanding in countries of the region. Also, other benefits of warehouse management systems such as lower cost and risk, cost-effective growth, and dynamic and advanced features of warehouse management software, are attracting manufacturer in the region, due to which, the adoption of warehouse management is increasing.
Region with highest CAGR:
North America is projected to have the highest CAGR driven by developments in the warehouse management systems and amplified consciousness about cloud-based system in the region. Moreover, companies in the U.S. are shifting their operations to the cloud, which is creating potential opportunity for the adoption of cloud warehouse management systems.
Key players in the market:
Some of the key players profiled in the Warehouse Management System Market include HighJump Software Inc., Oracle Corporation, SAP SE, Tecsys, Inc., Infor Inc., Jda Software Group, Inc., Manhattan Associates, Inc., Logfire, Inc., Softeon, Inc. and Interlink Technologies.
Key developments:
In May 2020: Manhattan Associates announced a new Manhattan Active warehouse management solution, a cloud-based enterprise-level warehouse management system that combines every aspect of distribution and never needs upgrading.
In May 2018: JDA Software launched JDA Luminate. JDA Luminate is built on an open, connected, and cognitive platform that embraces digital edge technology, such as software-as-a-service (SaaS), artificial intelligence (AI), and advanced analytics.
In May 2018: Infor and ELSEN GmbH & Co partnered, through this partnership, ELSEN has enhanced its digitization strategy, by implementing Infor SCE, the company’s warehouse and transport management solution.
Tier Types Covered:
• Basic (Tier 3)
• Intermediate (Tier 2)
• Advanced (Tier 1)
Functions Covered:
• Consulting Service
• Labor Management System
• System Integration Maintenance
• Billing Yard Management
• Analytics Optimization
Types Covered:
• Prescriptive Analytics
• Descriptive Analytics
• Predictive Analytics
Offerings Covered:
• Hardware
• Software
• Service
Applications Covered:
• Inventory Management
• Purchase & Order Management
• Research and Development
• Asset Management
• Yard Management
• Books & Publishing
• Home Improvement
• Clinical and Preclinical Trials
• Regulatory Compliance
• Supermarket
• Sales and Marketing
Deployments Covered:
• On Premises
• Cloud
End Users Covered:
• Manufacturing
• Grocery/Food & Beverages
• Metals & Machinery
• Third Party Logistics (3PL)
• Household & Personal Care
• Chemicals
• Healthcare & Pharmaceuticals
• Automotive
• Electronic (E)-Commerce
• Transportation & Logistics
• Banking, Financial Services and Insurance (BFSI)
• Electricals & Electronics
• Retail & Consumer Goods
• Other End Users
Distribution Channels Covered:
• Online
• Offline
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Warehouse Management System Market, By Tier Type
5.1 Introduction
5.2 Basic (Tier 3)
5.3 Intermediate (Tier 2)
5.4 Advanced (Tier 1)
5.4.1 Core Functions
5.4.2 Peripheral Functions
6 Global Warehouse Management System Market, By Function
6.1 Introduction
6.2 Consulting Service
6.3 Labor Management System
6.4 System Integration Maintenance
6.5 Billing Yard Management
6.6 Analytics Optimization
7 Global Warehouse Management System Market, By Type
7.1 Introduction
7.2 Prescriptive Analytics
7.3 Descriptive Analytics
7.4 Predictive Analytics
8 Global Warehouse Management System Market, By Offering
8.1 Introduction
8.2 Hardware
8.2.1 Infrastructural Management
8.2.2 Controllers
8.2.3 Mobile Computers
8.2.4 Virtual Switches and Routers
8.2.5 Radio Frequency Identification (RFID) Tags & Labels
8.2.6 Autonomous Material Handling Equipment
8.2.7 Scanners and Readers
8.2.8 Orchestrations
8.2.9 Security and Compliances
8.3 Software
8.3.1 Application Platforms
8.3.2 Standalone
8.3.3 Integrated
8.3.3.1 Supply Chain Management
8.3.3.2 Enterprise Resource Planning (ERP) System (with WMS Features)
8.4 Service
8.4.1 Professional Services
8.4.1.1 Testing
8.4.1.2 Software Upgrades
8.4.1.3 Training
8.4.2 Managed Services
8.4.2.1 Integration & Deployment
8.4.2.2 Support & Maintenance
8.4.2.3 Installation
9 Global Warehouse Management System Market, By Application
9.1 Introduction
9.2 Inventory Management
9.3 Purchase & Order Management
9.4 Research and Development
9.5 Asset Management
9.6 Yard Management
9.7 Books & Publishing
9.8 Home Improvement
9.9 Clinical and Preclinical Trials
9.10 Regulatory Compliance
9.11 Supermarket
9.12 Sales and Marketing
10 Global Warehouse Management System Market, By Deployment
10.1 Introduction
10.2 On Premises
10.3 Cloud
11 Global Warehouse Management System Market, By End User
11.1 Introduction
11.2 Manufacturing
11.3 Grocery/Food & Beverages
11.4 Metals & Machinery
11.5 Third Party Logistics (3PL)
11.6 Household & Personal Care
11.7 Chemicals
11.8 Healthcare & Pharmaceuticals
11.9 Automotive
11.10 Electronic (E)-Commerce
11.11 Transportation & Logistics
11.12 Banking, Financial Services and Insurance (BFSI)
11.13 Electricals & Electronics
11.14 Retail & Consumer Goods
11.14.1 Department & General Merchandise
11.14.2 Apparel
11.15 Other End Users
11.15.1 Paper and Printing
11.15.2 Textile and Clothing
12 Global Warehouse Management System Market, By Distribution Channel
12.1 Introduction
12.2 Online
12.3 Offline
13 Global Warehouse Management System Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 HighJump Software Inc.
15.2 Oracle Corporation
15.3 SAP SE
15.4 Tecsys, Inc.
15.5 Infor Inc.
15.6 Jda Software Group, Inc.
15.7 Manhattan Associates, Inc.
15.8 Logfire, Inc.
15.9 Softeon, Inc.
15.10 Interlink Technologies
List of Tables
1 Global Warehouse Management System Market Outlook, By Region (2021-2028) ($MN)
2 Global Warehouse Management System Market Outlook, By Tier Type (2021-2028) ($MN)
3 Global Warehouse Management System Market Outlook, By Basic (Tier 3) (2021-2028) ($MN)
4 Global Warehouse Management System Market Outlook, By Intermediate (Tier 2) (2021-2028) ($MN)
5 Global Warehouse Management System Market Outlook, By Advanced (Tier 1) (2021-2028) ($MN)
6 Global Warehouse Management System Market Outlook, By Core Functions (2021-2028) ($MN)
7 Global Warehouse Management System Market Outlook, By Peripheral Functions (2021-2028) ($MN)
8 Global Warehouse Management System Market Outlook, By Function (2021-2028) ($MN)
9 Global Warehouse Management System Market Outlook, By Consulting Service (2021-2028) ($MN)
10 Global Warehouse Management System Market Outlook, By Labor Management System (2021-2028) ($MN)
11 Global Warehouse Management System Market Outlook, By System Integration Maintenance (2021-2028) ($MN)
12 Global Warehouse Management System Market Outlook, By Billing Yard Management (2021-2028) ($MN)
13 Global Warehouse Management System Market Outlook, By Analytics Optimization (2021-2028) ($MN)
14 Global Warehouse Management System Market Outlook, By Type (2021-2028) ($MN)
15 Global Warehouse Management System Market Outlook, By Prescriptive Analytics (2021-2028) ($MN)
16 Global Warehouse Management System Market Outlook, By Descriptive Analytics (2021-2028) ($MN)
17 Global Warehouse Management System Market Outlook, By Predictive Analytics (2021-2028) ($MN)
18 Global Warehouse Management System Market Outlook, By Offering (2021-2028) ($MN)
19 Global Warehouse Management System Market Outlook, By Hardware (2021-2028) ($MN)
20 Global Warehouse Management System Market Outlook, By Infrastructural Management (2021-2028) ($MN)
21 Global Warehouse Management System Market Outlook, By Controllers (2021-2028) ($MN)
22 Global Warehouse Management System Market Outlook, By Mobile Computers (2021-2028) ($MN)
23 Global Warehouse Management System Market Outlook, By Virtual Switches and Routers (2021-2028) ($MN)
24 Global Warehouse Management System Market Outlook, By Radio Frequency Identification (RFID) Tags & Labels (2021-2028) ($MN)
25 Global Warehouse Management System Market Outlook, By Autonomous Material Handling Equipment (2021-2028) ($MN)
26 Global Warehouse Management System Market Outlook, By Scanners and Readers (2021-2028) ($MN)
27 Global Warehouse Management System Market Outlook, By Orchestrations (2021-2028) ($MN)
28 Global Warehouse Management System Market Outlook, By Security and Compliances (2021-2028) ($MN)
29 Global Warehouse Management System Market Outlook, By Software (2021-2028) ($MN)
30 Global Warehouse Management System Market Outlook, By Application Platforms (2021-2028) ($MN)
31 Global Warehouse Management System Market Outlook, By Standalone (2021-2028) ($MN)
32 Global Warehouse Management System Market Outlook, By Integrated (2021-2028) ($MN)
33 Global Warehouse Management System Market Outlook, By Service (2021-2028) ($MN)
34 Global Warehouse Management System Market Outlook, By Professional Services (2021-2028) ($MN)
35 Global Warehouse Management System Market Outlook, By Managed Services (2021-2028) ($MN)
36 Global Warehouse Management System Market Outlook, By Application (2021-2028) ($MN)
37 Global Warehouse Management System Market Outlook, By Inventory Management (2021-2028) ($MN)
38 Global Warehouse Management System Market Outlook, By Purchase & Order Management (2021-2028) ($MN)
39 Global Warehouse Management System Market Outlook, By Research and Development (2021-2028) ($MN)
40 Global Warehouse Management System Market Outlook, By Asset Management (2021-2028) ($MN)
41 Global Warehouse Management System Market Outlook, By Yard Management (2021-2028) ($MN)
42 Global Warehouse Management System Market Outlook, By Books & Publishing (2021-2028) ($MN)
43 Global Warehouse Management System Market Outlook, By Home Improvement (2021-2028) ($MN)
44 Global Warehouse Management System Market Outlook, By Clinical and Preclinical Trials (2021-2028) ($MN)
45 Global Warehouse Management System Market Outlook, By Regulatory Compliance (2021-2028) ($MN)
46 Global Warehouse Management System Market Outlook, By Supermarket (2021-2028) ($MN)
47 Global Warehouse Management System Market Outlook, By Sales and Marketing (2021-2028) ($MN)
48 Global Warehouse Management System Market Outlook, By Deployment (2021-2028) ($MN)
49 Global Warehouse Management System Market Outlook, By On Premises (2021-2028) ($MN)
50 Global Warehouse Management System Market Outlook, By Cloud (2021-2028) ($MN)
51 Global Warehouse Management System Market Outlook, By End User (2021-2028) ($MN)
52 Global Warehouse Management System Market Outlook, By Manufacturing (2021-2028) ($MN)
53 Global Warehouse Management System Market Outlook, By Grocery/Food & Beverages (2021-2028) ($MN)
54 Global Warehouse Management System Market Outlook, By Metals & Machinery (2021-2028) ($MN)
55 Global Warehouse Management System Market Outlook, By Third Party Logistics (3PL) (2021-2028) ($MN)
56 Global Warehouse Management System Market Outlook, By Household & Personal Care (2021-2028) ($MN)
57 Global Warehouse Management System Market Outlook, By Chemicals (2021-2028) ($MN)
58 Global Warehouse Management System Market Outlook, By Healthcare & Pharmaceuticals (2021-2028) ($MN)
59 Global Warehouse Management System Market Outlook, By Automotive (2021-2028) ($MN)
60 Global Warehouse Management System Market Outlook, By Electronic (E)-Commerce (2021-2028) ($MN)
61 Global Warehouse Management System Market Outlook, By Transportation & Logistics (2021-2028) ($MN)
62 Global Warehouse Management System Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2021-2028) ($MN)
63 Global Warehouse Management System Market Outlook, By Electricals & Electronics (2021-2028) ($MN)
64 Global Warehouse Management System Market Outlook, By Retail & Consumer Goods (2021-2028) ($MN)
65 Global Warehouse Management System Market Outlook, By Department & General Merchandise (2021-2028) ($MN)
66 Global Warehouse Management System Market Outlook, By Apparel (2021-2028) ($MN)
67 Global Warehouse Management System Market Outlook, By Other End Users (2021-2028) ($MN)
68 Global Warehouse Management System Market Outlook, By Paper and Printing (2021-2028) ($MN)
69 Global Warehouse Management System Market Outlook, By Textile and Clothing (2021-2028) ($MN)
70 Global Warehouse Management System Market Outlook, By Distribution Channel (2021-2028) ($MN)
71 Global Warehouse Management System Market Outlook, By Online (2021-2028) ($MN)
72 Global Warehouse Management System Market Outlook, By Offline (2021-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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