The growth of this market can be attributed to the growth in the e-commerce industry due to the COVID-19 pandemic, emerging multichannel distribution channels, the globalization of supply chain networks, the increased adoption of cloud WMS solutions, and the rising need for efficient forecasting models.
New York, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Warehouse Management System Market with COVID-19 Impact Analysis by Offering, Deployment, Tier Type, Industry And Region - Global Forecast to 2026" - https://www.reportlinker.com/p04941013/?utm_source=GNW
However, factors such as data privacy and security concerns, and high implementation costs of on-premise warehouse management systems for SMEs may restrain the market growth to some extent. Moreover, the lack of awareness about the benefits of WMS among small-scale industries, the lack of skilled personnel for maintenance & implementation of WMS, and the constant need for WMS software upgrades pose challenges for companies using WMS for their warehouse operations.
"3PL industry to dominate the warehouse management market in 2021
The 3PL industry is one of the primary drivers of the WMS market.Factors such as the growing need for efficient order management, increased outsourcing of logistics and transportation operations, and the globalization of supply chain networks has fueled the adoption of warehouse management systems in the 3PL industry.
The trend of industrial automation has initiated most organizations to focus on the adoption of warehouse automation systems to achieve high operational efficiency and functional capabilities. The leading warehouse management system providers are focusing on the delivery of industry-specific customization in WMS that provides an end-to-end solution, allowing organizations to coordinate their procedures and inventory across their network.
Software to hold the largest market share of the warehouse management system market during the forecast period
Increasing awareness about WMS software among small and mid-sized enterprises (SMEs), the globalization of supply chain networks, and the growing share of cloud-based WMS software solutions are the key factors boosting the demand for WMS software.Further, the rising demand for highly sophisticated warehousing and logistics infrastructure is expected to drive the growth of the WMS market for software.
For instance, in May 2020, Manhattan Associates announced a new Manhattan Active warehouse management solution, a cloud-based enterprise-level warehouse management system that combines every aspect of distribution and never needs upgrading.The Manhattan Active WMS is sold in multi-year cloud subscription options and can be operated through a mobile phone, tablet, or desktop.
Companies innovating offerings and functionalities are enhancing user experience and improving operational efficiency, which is leading the growth of the WMS software market.
Market in APAC to grow at highest CAGR during the forecast period
APAC is the fastest-growing market for warehouse management systems.APAC is the fastest-growing market for warehouse management systems.
The growth of the market in this region can be attributed to the tremendous growth of the e-commerce and manufacturing industries in emerging economies such as China, India, and Indonesia.China is a key contributor to the growth of the WMS market in APAC owing to its huge industrial and manufacturing sector.
India is one of the fastest-growing markets for WMS in APAC.
Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 - 34%, Tier 2 - 37%, and Tier 3 - 29%
• By Designation: C-level Executives - 49%, Directors - 30%, and others - 21%
• By Region: North America - 31%, Europe – 27%, APAC - 37%, and RoW - 5%
Major players profiled in this report are as follows: Manhattan Associates, Inc. (US), Blue Yonder Group, Inc. (US), HighJump (Körber) (US), Oracle Corporation (US), SAP (Germany), and others.
In this report, the warehouse management system market has been segmented based on offering, deployment, tier type, industry, and region.The warehouse management system market based on offering has been segmented into software and services.
Based on deployment, the market is segmented into on premises and cloud.Based on the tier type , the market has been segmented into advanced WMS (Tier 1), intermediate WMS (Tier 2), and basic WMS (Tier 3).
Based on industry, the market has been segmented into 3PL, automotive, food & beverages, healthcare, e- commerce, chemicals, electricals & electronics, metal & machinery and others.The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the warehouse management system market comprehensively and provides the closest approximation of the overall market size and subsegments that include offering, deployment, tier type, industry, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the warehouse management system market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches and acquisitions carried out by major market players.
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