Market Analysis
The global warehouse management system market will touch USD 3 billion at a whopping 43% CAGR in the forecast period (2020- 2027), as per the new Market Research Future (MRFR) report.

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Drivers
Manufacturers Need to Automate Warehouse Management Process to Boost Market Growth
The requirement for manufacturers in automating warehouse management processes and reduce costs globally will boost market growth over the forecast period.

Opportunities
Rising Trend of Online Purchasing to offer Robust Opportunities
The demand for warehousing has gone up for the growing trend of online purchasing that will offer robust opportunities for the warehouse management system market during the forecast period. The implementation of social distancing, lockdowns, and other forms of safety measures for the pandemic has resulted consumers in purchasing online. Thus several multinational companies are setting up new warehouses across different countries for accommodating the growing need.

Restraints
High Implementation Cost to act as Market Restraint
The high implementation cost of warehouse management systems and lack of workforce for maintenance of WNS due to the onset of COVID-19 may act as market restraints over the forecast period.

Challenges
Lack of Awareness to act as Market Challenge
The lack of awareness regarding the perks of WNS among small-scale industries may act as a market challenge over the forecast period.

Market Segmentation
The warehouse management system market is segmented based on services and end users.

By services, the professional services will lead the market over the forecast period for the adoption of network virtualization among different companies. The demand for the NFV technologies helped to grow the market demand and adoption of the v-CPE infrastructures.

By end users, the food & beverage segment will dominate the market over the forecast period. Rising need for food and beverages among the consumers increase the implementation of WNS solutions in the warehousing facilities.

COVID-19 Analysis
The COVID-19 outbreak has rapidly changed the behavior of consumers towards online channels. The demand for online has increased for multiple categories, including pharmaceuticals, essentials, and food and beverages that are being offered with innovative contactless formats. This has given an impetus to the growth of e-commerce, FMCG industries, and 3PL. The demand for warehousing has also increased for the online demand for different products. Different multinational companies are setting up new warehouses across different countries for accommodating this rising demand. This has resulted to a surging need for warehouse management system in ecommerce and 3PL industries. E-commerce leaders like eBay, Alibaba, and Amazon are ramping up the need for WMS as they continue in setting up new warehouse worldwide. Ever since the COVID-19 struck, the market in 2020 with constant lockdown, there was a halt in the overall demand activity in industries like metal and machinery, electronics, and automotive. The market is expected to have short-term reduction in demand for WMS implementation and upgrades in 2020 owing to lockdown in different countries in the world. But with the lockdown being relaxed gradually, and industrial operations are being resumed with limited capacity.

Regional Analysis
North America to Have Lions Share in Warehouse Management System Market
North America will possess lions share in the market over the forecast period. The presence of large companies with worldwide warehousing & distribution operations, wide networks of third-party logistics companies, growth in the e-commerce industry, the strong presence of ERP vendors in the US, and high demand for food and beverages that needs constant supply from warehouses as this adds quality control, consistency, and efficiency to the process are adding to the global warehouse management system market growth in the region.

Key Players
Key players profiled in the global warehouse management system market report include HighJump Software (U.S.), Oracle Corporation (U.S.), Manhattan Associates Inc. (U.S.), Tecsys Inc. (Canada), SAP SE (Germany), JDA Software Group Inc. (U.S.), LogFire Inc. (U.S.), Made4net LLC (U.S.), Softeon Inc.(U.S.), and Synergy Logistics Ltd (U.K.).

Segment:

The global Warehouse Management System market forecast picturizes that the market has been segmented based on services and solutions, geographical regions, and the end-users.
Solutions and services
The market segment of solutions includes the virtual switches and routers, security and compliances, controllers, application platforms, orchestrations, as well as, infrastructural management. Services include both managed, as well as, professional services. The professional services had the largest market share during the historic period owing to the adoption of network virtualization among the different companies. The demand for the NFV technologies helped to increased the market demand and adoption of the v-CPE infrastructures.
Market end-users
The market includes the healthcare sector, retail, and e-commerce market, as well as, BFSI, along with the others.

Regional Analysis:
Owing to the geographical market of the global Warehouse Management System market report predicts that the North American market accounts for the largest share in the market by the end of the global forecast of 2022. The US region has an emerging presence concerning large-sized service providers and is opting to offer solutions that are customized to a huge variety of the end-users in the Warehouse Management System Market.
The Asian Pacific region is also expected to grow during the global forecast period of 2016-2022. Countries like China, as well as, Japan, are increasing their investment quantum for the development of technologies like v-CPE, and NFV. These technologies are pushing companies to adopt these software-defined technologies and, register a 43% CAGR growth by the end of the forecast period of 2016-2022. The market valuation is expected to reach USD 3 billion.

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