Which application segment driving the demand of Warehouse Management Systems Market?

 Warehouse Management Systems Industry Overview

The global warehouse management systems market size is anticipated to reach USD 11.08 billion by 2030, advancing at a CAGR of 16.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for WMS based on the Software-as-a-Service (SaaS) model.

Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software, irrespective of the organization's size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation.

Warehouse Management Systems Market Segmentation

Grand View Research has segmented the global warehouse management systems market based on component, deployment, function, application, and region:

Based on the Component Insights, the market is segmented into Software, and Services.

  • The services segment held the highest revenue share in the WMS market, contributing to more than 81.8% revenue share in 2021. The services segment includes consulting, system integration, operation, and maintenance services. Warehouse management can be provided as a service by third-party vendors, which is outsourced by WMS providers.
  • The software segment is expected to emerge as the fastest-growing segment, registering a CAGR of 18.2% from 2022 to 2030. The growth can be attributed majorly to the increasing adoption of WMS software by small and midsized enterprises (SMEs) worldwide. The software is hosted via a cloud-based computing system.

Based on the Deployment Insights, the market is segmented into On-premise, and Cloud.

  • The cloud segment held the highest revenue share in 2021 and is expected to emerge as the fastest-growing segment, registering a CAGR of 16.8% from 2022 to 2030. Cloud-based technology has revolutionized the way businesses function.
  • Over the years, cloud deployment has become as secure as the on-premise system on account of data sovereignty and successful curbing of data thefts.
  • The on-premise deployment has been prominent since the advent of WMS and is characterized by huge servers and high maintenance costs, ultimately increasing the company’s expenditures. These upfront costs and ownership of maintaining the on-premise server are incredibly high compared to the cloud-based technology.

Based on the Function Insights, the market is segmented into Labor Management System, Analytics & Optimization, Billing & Yard Management, Systems Integration & Maintenance, and Consulting Services.

  • The analytics & optimization segment is expected to emerge as the fastest-growing segment, registering a CAGR of 16.6% from 2022 to 2030. On the other hand, the revenue contributed by the systems integration & maintenance segment is likely to be the highest throughout the same period.
  • Order picking functionality is one of the most crucial features in a warehouse management optimization suite that is designed to automate the paper-based picking process.
  • Further, order allocation is another essential feature of any robust warehouse management system. As soon as a sales order is received, it is entered into the enterprise resource planning (ERP) system and gets immediately updated in the WMS software.

Based on the Application Insights, the market is segmented into Transportation & Logistics, Retail, Healthcare, Manufacturing, Food & Beverage, and Others.

  • The transportation & logistics segment is expected to emerge as the fastest-growing segment, registering a CAGR of 17.3% from 2022 to 2030. The growth can be attributed to the increased popularity of e-commerce portals, coupled with the growing disposable income levels of consumers, especially in emerging nations such as India and China.
  • The manufacturing segment held the highest revenue share in 2021. The manufacturing companies initially integrated their ERP and WMS solutions.
  • The healthcare segment is anticipated to emerge as a prominent adopter of WMS, as providers are building facilities taking into consideration the pre-requisites of the healthcare sector.

Warehouse Management Systems Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Companies Profile

The market participants are focusing on several strategies to gain a higher market share. Mergers, acquisitions, partnerships, and other contractual agreements are being announced by them to emerge as the top warehouse management system company. Moreover, these players are investing in research and development activities to bring new services to the market.

Some prominent players in the warehouse management systems market include:

  • EPICOR
  • Körber AG (HighJump)
  • Infor
  • Made4net
  • Manhattan Associates
  • Oracle
  • PSI Logistics
  • Reply
  • SAP
  • Softeon
  • Synergy Ltd
  • Tecsys

Order a free sample PDF of the Warehouse Management Systems Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Spinal Implants & Devices Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2023 – 2030

  Spinal Implants & Devices Industry Overview The global  Spinal Implants & Devices Market  size is expected to reach USD 19.0 billion by 2030 and is expected to expand at a CAGR of 5.2% in the forecast period, from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of vehicular accidents is leading to increasing new cases of spinal cord injuries (SCIs). Other causes of SCIs include falls, violence, acts of violence, sports and recreation injuries, and diseases. Vehicular or road accidents and falls account for the majority of SCI cases. Fall-induced SCI is common among people aged 65 years and above. Acts of violence such as gunshot wounds or knife wounds account for around 12% of SCI cases. Sports activities such as diving in shallow water and impact sports lead to nearly 10% of SCIs. Cancer, osteoporosis, arthritis, and inflammation of the spinal cord also cause SCI. Based on National Spinal Cord Injury Statistical Center da...
Read more

Latin America Pharmaceutical Contract Manufacturing & Research Services Market Overview, Cost Structure Analysis and Forecast to 2030

  Latin America Pharmaceutical Contract Manufacturing & Research Services Industry Overview The  Latin America Pharmaceutical Contract Manufacturing & Research Services Market  size is expected to reach USD 40.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.5% from 2022 to 2030. The low cost of drug registration in Latin American countries and the economic growth are the key factors contributing to progress in this region. Moreover, factors such as the growing demand for generics, rising investments in R&D, the growing geriatric population, and the increasing burden of chronic diseases are responsible for market growth. The outbreak of COVID-19 has boosted the market growth as companies have increased investments in R&D and manufacturing to develop vaccines and drugs against the COVID-19. During the coronavirus outburst, the supply chains of biopharmaceutical companies remained robust...
Read more

Europe Orthopedic Navigation Systems Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2030

  Europe Orthopedic Navigation Systems Industry Overview The  Europe Orthopedic Navigation Systems Market  size is expected to reach USD 2,504.4 million by 2030, according to a new report published by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.8% from 2023 to 2030. The rising number of target diseases especially in the geriatric population is responsible for the rapid growth of the market. According to the Executive Agency for Health and Consumers, one in ten people in the geriatric population in Europe is suffering from osteoarthritis. Minimal invasion and low post-operative complications associated with computer-assisted surgery are anticipated to drive regional market growth over the forecast period. Moreover, the introduction of technologically advanced products is expected to induce demand for  orthopedic navigation systems . For instance, Orthokey Italia developed a new version of KiRA system integrating it with the iPad to ...
Read more