Warehouse Management Systems Market Segmentation By Component- (Hardware, Software, Service), Unites States dominate the global warehouse management systems market, it held a share of 17.3% in 2022.
Industry: IT and Telecommunication
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 450
Report ID: PMRREP17773
The market for warehouse management systems was valued at US$ 3,152.1 Mn in 2022, and by the end of 2033, it is expected to have grown to US$ 14,536.7 Mn. The market for warehouse management systems is estimated to valuate to US$ 3,574.5 Mn in 2023. The market for warehouse management systems is predicted to grow at a CAGR of 15.4% from 2023 to 2033.
Warehouse management system (WMS) is a piece of software that allows firms to govern and manage warehouse operations from the time goods or materials enter until they leave. Warehouses are crucial to manufacturing and supply chain operations since they store everything needed or generated in those processes, from raw resources to finished commodities.
Warehouse management system (WMS) are being widely used to for the movement of goods and commodities through warehouses in the most optimal & cost-effective manner feasible. A warehouse management system handle operations that facilitate activities like inventory tracking, picking, receiving and putting away. It also gives an organization's inventory visibility at any time and at any location, whether the inventory is in a facility or in transit.
The market is expanding due to strong expansion in the e-commerce industry and rising demand for cloud WMS solutions. Furthermore, the increased implementation of multichannel distribution networks is propelling the Warehouse management system market forward. The implementation of digital technology in supply chain management, on the other hand, is expected to give multiple prospects for warehouse management system industry expansion during the projection period.
In terms of the regional market landscape, the market in North America held a leading market share of 27.1% in the global landscape in 2022. Meanwhile, demand for warehouse management systems in the Europe region is growing at the CAGR of 19.2% of the market in 2022.
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Warehouse Management Systems Market Size (2023) |
US$ 3,574.5 Mn |
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Projected Market Value (2033) |
US$ 14,536.7 Mn |
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Global Market Growth Rate (2023-2033) |
15.4% |
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Cloud-based segment in Warehouse Management Systems Market Share (2022) |
55.5% |
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India Market Growth Rate (2022) |
18.7% |
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Supply chain management Segment Market Share (2022) |
16.7% |
“Widespread Adoption of the E-Commerce Industries”
The expansion of the e-commerce business has a direct impact on the adoption of WMS solutions, as it aids in enhancing the accuracy of store-level inventory, in expanding order and fulfilment choices. Due to which merchants with a strong emphasis on e-commerce are reconfiguring old warehouses and are investing heavily in in-store WMS solutions. Thus, WMS are playing a key role in the improvement of the e-commerce channel, which fosters market growth.
“Business Process Management Systems Helps the Market Grow in US”
This market growth can be attributed to various factors such as the incorporation of Internet of Things-enabled devices, as well as the introduction of business processes management software.
Furthermore, increased e-commerce penetration is dramatically influencing consumer desire for better quality, more dependable products, these factors are contributing the market share in US market.
These reasons allowed, US to dominate the global warehouse management systems market, it held a share of 17.3% in 2022.
“Growing Adoption of Multi-Channel Warehouse Management Systems”
Rise in the users and service providers of multi-channel warehouse management systems is assisting the growth of the market in India.
Furthermore, increased production in the automotive, healthcare and numerous different industries, and these created goods are kept and sold to various European and North American countries. As a result, rising demand for such items is likely to fuel revenue growth in India throughout the forecast period.
Due to these factors the warehouse management systems market is estimated to grow at a CAGR of 18.7% during the forecast period in India.
“Increased use of cloud- warehouse management system in European region”
Germany is one of the most economically significant country in Europe which holds the market share of 10.2% in the European warehouse management systems market. Cloud warehouse management system (WMS) solutions are becoming increasingly popular due to benefits like improved scalability, efficient labour, traceable supplies, an optimised supply chain, and other internal automation advantages.
These intrinsic benefits enable businesses to manage their inventory & supply chain demands properly, from personnel & space requirements to equipment and fulfilment owing to their increased demand in the Germany.
Why Cloud-based segment is the Fastest Growing Deployment Mode for Warehouse Management Systems Market?
Cloud-based warehouse management systems segment is analyzed to be the fastest growing segment in the warehouse management systems market with a CAGR of 18.5% owing to the factors such as, cloud-based warehouse management system allows for the storage of vital information on a distant server and easy access to the information via an internet connection as needed.
The pay-as-you-go feature charge end users with a reasonable price and save them the efforts and resources needed to maintain the software and hardware requirements on the premises.
Why Transport & logistic industry in Supply Chain Management Systems Have the Largest Market Share in 2022?
Transport & logistic industry in warehouse management systems hold the largest share of 16.7% in 2022, owing to the factors such as the warehouse management system is an essential component of the logistics system and is highly customizable to meet individual business needs.
A solid warehouse management system facilitates effective & productive operations such as inventory balance, material management and audits. Without a proper WMS, it is difficult to establish an extraordinary logistic system, as it helps to manage inventory quickly, conveniently, and efficiently, while also enhancing accuracy by actively decreasing order cycle time & improving order fulfilment.
These factors are positively impacting the growth of warehouse management systems for transport & logistic purpose.
Major warehouse management systems mostly include companies that offer software solutions, these companies also have a keen focus on the development of supply chain technology.
Recent developments related to key players providing warehouse management systems market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Attribute |
Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Component:
By Deployment Mode:
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By Industry:
By Region:
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In 2022, the market value of warehouse management systems was US$ 3,152.1 Mn.
The global warehouse management systems market is estimated to advance at an 15.4% CAGR through 2033.
The market for warehouse management systems is forecasted to climb to US$ 14,536.7 Mn by 2033 end.
Demand for Warehouse management systems market in India is projected to rise at a CAGR of 18.7% over the forecast period.
In 2022, the North America Warehouse management systems market held a dominant market share of 27.1%.
