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Global Warehouse Management Systems Market Size, Segments, Outlook, and Revenue Forecast: Ken Research

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Global Warehouse Management System Market By Geography

The Global Warehouse Management System market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia Pacific is expected to be the fastest growing market during the forecast period due to the robust economic growth and ongoing advancements in inventory management and warehouse management systems, businesses are investing extensively in these systems to maintain growth and boost productivity.

According to the Ministry of Commerce, in 2021, stated that Chinese companies already run more than 1,900 abroad warehouses with a combined floor area of 13.5 million square meters.

Competition Scenario In Global Warehouse Management System Market

The Global Warehouse Management Systems Market is extremely competitive with ~1,000 players, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in supply chain software for multiple end-user industries.

Country-niche players hold the largest market share, while regional players hold the second largest share. Some of the major players in the market include Infor, Oracle, SAP SE, Softeon, Tecsys, IBM Corp., Fishbowl, Manhattan Associates, 3PL Central LLC, Körber AG, Blue Yonder Group, Inc., Microsoft Dynamics 365, and others.

The leading global specialist companies such as Infor, Softeon, Tecsys, Fishbowl, Manhattan Associates, 3PL Central LLC, Blue Yonder Group, Inc., and Microsoft Dynamics 365 are highly focused on providing significant supply chain software for various functions that can be used across multiple industries, including Automotive, Food and Beverages, Healthcare, Logistics and Transportation, and more.

What is the Expected Future Outlook for the Overall Global WAREHOUSE MANAGEMENT SYSTEM Market Across the globe?

The Global Warehouse Management System Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Warehouse Management System market is driven by the development of digital technology in global logistics, including delivery of key performance indicators (KPIs), enhanced supply chain flexibility, and cost-cutting, which have pushed Third-Party Logistics (3PL) and the supply chain sector to adopt warehouse management systems along with the rising e-commerce and customer online purchasing behaviors. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing acquisition and emergence of new products, the Global Warehouse Management System market is changing rapidly. For instance, In August 2022, Infor announced that Infor WMS has been implemented by Mooneh, a third-party logistics company handling storage and delivery on behalf of top worldwide pharmaceutical corporations.

Furthermore, In September 2021, 3PL Central, a specialist in cloud-based warehouse management systems (WMS) developed for third-party logistics (3PL) warehouses, acquired Scout Software, a leading inventory and Warehouse Management system for brands and merchants expanding their e-commerce fulfillment capabilities.

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The market for warehouse management systems is anticipated to continue growing at a substantial rate of ~15% owing to the recent developments in global logistics, including delivery KPIs, enhanced supply chain flexibility, and cost-cutting, which have pushed 3PL and the supply chain sector to adopt warehouse management systems. The warehouse management system market is expanding due to rising e-commerce and customer online purchasing behaviors. Foreign investments in developing economies are being fueled by several factors, including favorable trade conditions, progressive government policies, and lower company taxes. Consequently, one of the main areas for WMS market growth is in emerging nations. Though the market is highly competitive with ~ 500 participants, few global players control the dominant share and regional players also hold a significant share.

Scope of the Report

By Deployment Type

On-premise

Cloud-Based

By Component Type

Hardware

Software

Services

By Tier Type

Advanced WMS (Tier 1)

Intermediate WMS (Tier 2)

Basic WMS (Tier 3)

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By Function Outlook

Labor Management System

Analytics & Optimization

Billing & Yard Management

Systems Integration & Maintenance

Consulting Services

By End User

Automotive

Food & Beverages

Healthcare & Pharmaceuticals

E-commerce

Chemicals

Electricals & Electronics

Metals & Machinery

Retail & Consumer goods

Education

Transportation & Logistics

Manufacturing

Others

By Geography

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy, Rest of Europe)

Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)

LAMEA (Latin America, Middle East, Africa)

Key Companies

Infor

Oracle

SAP SE

Softeon

Tecsys

IBM Corp.

Fishbowl

Manhattan Associates

3PL Central LLC

Körber AG

Blue Yonder Group, Inc.

Microsoft Dynamics 365

For more insights on the market intelligence, refer to below link: –

Global Warehouse Management Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

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kenresearchcompany · 2 years

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3 Key Insights on Competitive Landscape in Global Warehouse Management System Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding ~10% of Competitors by Share Despite the Presence of Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Warehouse Management System Market by Ken Research

A Warehouse Management System (WMS) is software that aids in the management and intelligent execution of a warehouse's, distribution center, or fulfillment center’s operations. WMS applications provide features like order allocation, order picking, replenishment, packing, shipping, labor management, yard management, and automated materials handling equipment interfaces. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute Just 10% of the Total Number of Competitors While Regional Companies Also Have a Strong Presence and Comprise 30%

A comprehensive competitive analysis conducted during the Research Study found that the Global Warehouse Management Systems Market is highly competitive with ~1,000 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the warehouse management system for multiple industries. Large global players comprise ~10% of the market's competitors, followed by regional companies with ~30% of the market's competitors, and finally, country-specific companies with ~60% of the market's competitors by share. WMS applications offer features like order allocation, order picking, replenishment, packing, shipping, labor management, and automated materials-handling equipment interfaces and also servicing like receiving, put-away, stock locating, inventory management, cycle counting, task interleaving, wave planning, order allocation, and order picking represent the majority of the country's niche players. Significant worldwide players frequently acquire some of them, aiming to quickly expand and diversify, and some of these successfully adapt to develop application-specific solutions.

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Leading Global Specialists' Ongoing Efforts To Provide Warehouse Management Systems To Various End-User Industries Are What Are Fueling Their Competitor's Growth.

Detailed comparative analysis of key competitors available within the Research Study shows that specialist companies such as Infor, Softeon, Tecsys, Fishbowl, Manhattan Associates, 3PL Central LLC, and Blue Yonder Group, Inc. are highly focused on providing a significant warehouse management system that can be used across multiple industries, including automotive, food & beverages, healthcare & pharmaceuticals, transportation & logistics, and many more. In August 2022, Infor announced that Infor WMS has been implemented by Mooneh, a third-party logistics company handling storage and delivery on behalf of top worldwide pharmaceutical corporations.

The Industry Growth of Warehouse Management Systems Was Accelerated by the COVID-19 Outbreak

The spread of COVID-19 pandemic throughout the world affected many different industries. Due to the pandemic, consumers are now quickly moving toward internet platforms. Online demand has increased for items including food and drink, essentials, and prescriptions that are delivered via unique contactless methods. The rising online demand for a variety of products has also raised the requirement for warehousing. Several multinational firms are opening new warehouses in several countries to handle the rising demand. Companies must quickly adapt their operational and physical logistics footprints and fulfillment to keep up with increased customer expectations as e-commerce continues to expand at a rapid rate. Logistics executives intend to implement or improve their technology, including warehouse management systems (WMS), transportation management systems (TMS), artificial intelligence/machine learning (AI/ML) capabilities, and cloud infrastructure as we transition into a post-COVID-19 world. According to the International Trade Administration in 2021, retail consumer goods e-commerce accounts for over 18% of all global retail sales in 2020. By 2024, it is anticipated to rise at a rate of over 1% annually, reaching almost 22% of all retail sales worldwide.

Growing Government Initiatives to Support the Growth of the Global Warehouse Management Systems Market

In September 2022, India's logistics industry still serves as a major pillar of the country's economy, contributing roughly 14.4% to India's GDP. The new regulation will be crucial in reducing bottlenecks from the country's extremely fragmented logistics sector. The Natural Language Processing Framework (NLP) will also focus on increasing employment and workforce skilling in addition to cost reduction.

In July 2021, according to a directive released by the General Office of the State Council, China, the central government will encourage traditional trading firms, international e-commerce companies, and providers of logistics services to participate in the development of overseas warehouses and raise the level of digitalization and intelligence.

About 100 elite foreign warehousing companies with a focus on information technology, intelligent development, diversified services, and local operations will have been developed in China by 2025.

For more information on the research report, refer to the below link:

Global Warehouse Management Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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