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Global Warehouse Management System Market to Grow at a CAGR of 15.5% During 2022-2027, Driven by Growth of the E-Commerce Industry

According to a new report by EMR titled, ‘Global Warehouse Management System Market Report and Forecast 2022-2027’, the global warehouse management system industry attained a value of nearly USD 2.6 billion in 2020. The market is further expected to grow at a CAGR of 15.5% in the forecast period of 2022-2027.

There has been an increase in business-to-consumer (B2C) sales and business-to-business (B2B) e-commerce. The rise in B2C sales is most visible in online pharmaceuticals, household goods, and food sales. As a result, the e-commerce industry has experienced tremendous short-term growth. The growing number of online channels influences consumer purchasing behaviour. Companies in the fast-paced e-commerce industry must accelerate their order fulfillment and shipping processes to maintain a competitive edge. A significant shift in consumer purchasing behaviour has resulted in greater use of real-time WMS software solutions for efficient order fulfillment.

In May 2020, Manhattan Associates (NASDAQ: MANH) launched the new Manhattan Active® Warehouse Management solution, the world's first cloud-native enterprise-class warehouse management system (WMS) that unifies every aspect of distribution and never needs to be upgraded. On the other hand, Infor and EVA signed a contract in April 2020. (Ukraine). The successful implementation of Infor WMS (warehouse management system) in the distribution centres of EVA, Ukraine's largest health and beauty store chain. The total area of the distribution centres was expected to be expanded through this contract. Such developments are likely to aid the growth.

Market Analysis by Components, Deployment, Functions, Applications, and Region:

  • The market, on the basis of components, can be divided into software and services.
  • Based on deployment, the industry can be divided into on-premises and cloud.
  • The system's functions include labor management system, analytics and optimisation, billing and yard management, systems integration and maintenance, and consulting services.
  • Based on its application, the warehouse management system is divided into transportation and logistics, retail, healthcare, manufacturing, food, and beverages, among others.
  • The regional markets for warehouse management systems include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Growth in the e-commerce sector has driven the market to a great extent.
  • Significant shift in consumer purchasing behaviour has resulted in greater use of real-time WMS software solutions, which has boosted the market growth
  • New and advanced product launches also propelled the growth of the industry.
  • The rising technological advancements and urbanisation also trigger the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global warehouse management system market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for components, functions, deployment, applications, and regions.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for warehouse management systems include Epicor Software Corporation, Körber AG, Infor., Oracle Corporation, and PSI Logistics GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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