The growth of Warehouse Management System Market can be attributed to the growth in the e-commerce industry, emerging multichannel distribution channels, globalization of supply chain networks, increased adoption of on-cloud WMS solutions, and rising need for efficient forecasting models.

The warehouse management system market is estimated to reach USD 4.8 billion by 2024 from USD 2.1 billion in 2018, at a CAGR of 15.2% between 2018 and 2024.

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Market Dynamics

Drivers

Growth in e-commerce industry
Emergence of multichannel distribution network
Globalization of supply chain networks
Increasing adoption of on-cloud WMS solutions
Need for efficient forecasting models

Restraints

High implementation cost of on-premise WMS for SMEs
Data privacy and security concerns

Opportunities

Digitization of supply chain management
Rising investment of multinational companies in emerging economies

Challenges

Lack of awareness about benefits of WMS among small-scale industries
Constant need for software upgrades

Growth in e-commerce industry driving warehouse management system market growth

The e-commerce industry is expected to witness a high growth in the coming years owing to the increasing number of online shoppers. E-commerce sales in APAC is likely to be the twice the size of that in Western Europe and North America combined in 2020. Increasing number of online channels is influencing consumer buying behaviour. Companies operating in the fast-paced e-commerce industry need to accelerate their order fulfilment and shipping processes to maintain a competitive edge in the industry.

Research Methodology:

This research study involves the use of secondary sources, such as encyclopaedias, directories, and databases (OneSource and Factiva), to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the warehouse management system market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information, as well as assess prospects. Key players in the warehouse management system market have been identified through secondary research, and their market rankings have been determined through primary and secondary research. This research includes the study of annual reports of top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.

Major players involved in the warehouse management system market include:
Epicor Software (US), JDA Software (US), Manhattan Associates (US), Oracle (US), SAP (Germany), IBM (US), Infor (US), PSI (Germany), PTC (US), Tecsys (Canada), Blujay Solutions (UK), HighJump (US).

Study Coverage

This research report categorizes the warehouse management system market on the basis of offering, deployment, tier type, industry, and region. This report describes the drivers, restraints, opportunities, and challenges for the growth of the warehouse management system market. The value chain analysis and competitive landscape for the market leaders has been included in the report.

Browse 40 market data Tables and 62 Figures spread through 170 Pages and in-depth TOC on "Warehouse Management System Market - Global Forecast to 2024"
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