Global Warehouse Management System Market Report and Forecast 2024-2032

Global Warehouse Management System Market Outlook

The global warehouse management system market attained a value of nearly USD 4.01 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 15.6% to reach about USD 14.72 billion by 2032.      

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The COVID-19 Outbreak Accelerated the Growth of Warehouse Management System Industry

COVID-19, a global epidemic, spread to 215 nations and impacted various sectors throughout the world. Consumers are now rapidly shifting toward internet platforms due to the pandemic. Food and beverages, necessities, and medications, all of which are delivered using novel contactless formats, have seen a growth in online demand. The need for warehousing has also increased because of increased online demand for a variety of products.

To meet the increasing demand, several global corporations are starting new warehouses in several nations. As a result, warehouse management systems are in more demand in e-commerce and 3PL businesses. As they continue to open new warehouses throughout the world, e-commerce giants like Amazon, Alibaba, and eBay, are expected to continue driving increasing demand for the warehouse management system.

North America is Projected to Augment the Warehouse Management System Industry

Due to the rising demand for cloud software to improve warehouse administration and increased investments by multinational firms in the United States, North America held a more significant share of the warehouse management system industry. The increased adoption of cloud WMS solutions as a viable alternative to standalone warehouse management systems is expected to boost the warehouse management system industry. In the near future, increased digitisation of supply chain management is expected to enhance market demand for warehouse management systems.

Warehouse Management System: Market Segmentation

A warehouse management system (WMS) is referred to as a software solution that provides visibility into a business' entire inventory and monitors supply chain fulfillment operations from the distribution centre to the store shelf.

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The major components of market are:

• Software
• Services

The market can be broadly categorised on the basis of its deployment into:

• On-premise
• Cloud

The market can be classified on the basis of its function into:

• Labour Management System
• Analytics and Optimisation 
• Billing and Yard Management 
• Systems Integration and Maintenance 
• Consulting Services

The market can be classified based on its application as:

• Transportation and Logistics
• Retail 
• Healthcare 
• Manufacturing 
• Food and Beverages
• Others

The EMR report looks into the regional markets of warehouse management system like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Escalating Investments by Multinational Corporations Boosting the Market Growth

Companies, especially the ones based in developed economies, are looking to expand their activities in emerging economies due to the lower cost of labour and real estate prices. Such expansion strategies are expected to boost the market growth of warehouse management system. Furthermore, rapid urbanisation in emerging economies such as India, China, Africa, Brazil, Mexico, and Indonesia have resulted in significant investments in infrastructure development.

Global companies' FDI investments are typically used to establish new manufacturing plants in emerging economies. This evolution has resulted in the need for advanced and sophisticated warehousing facilities to integrate and manage supply chain networks. The rise in new investments to improve emerging economies' supply chain capabilities has created enormous growth opportunities for the warehouse management system industry.

Key Industry Players in the Global Warehouse Management System Market

The report presents a detailed analysis of the following key players in the global warehouse management system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Epicor Software Corporation
• Körber AG
• Infor. 
• Oracle Corporation
• PSI Logistics GmbH
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report