Warehouse Management System Market
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PUBLISHED: 2022 ID: SMRC21340
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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

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4.7 (78 reviews)
Published: 2022 ID: SMRC21340

This report covers the impact of COVID-19 on this global market

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.

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