Warehouse Management Systems Market Outlook, Current And Future Industry Landscape Analysis Report 2030

Warehouse Management Systems Market Growth & Trends

The global warehouse management systems market size is anticipated to reach USD 13.34 billion by 2030, advancing at a CAGR of 19.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for WMS based on the Software-as-a-Service (SaaS) model.

North America warehouse management systems market size, by deployment, 2020 - 2030 (USD Million)

Warehouse Management Systems Market Segmentation

Grand View Research has segmented the global warehouse management systems market based on component, deployment, function, application, and region:

Based on the Component Insights, the market is segmented into Software and Services.

  • The services segment held the highest revenue share in the WMS market, contributing to more than 81.52% revenue share in 2022. The services segment includes consulting, system integration, operation, and maintenance services. Warehouse management can be provided as a service by third-party vendors, which is outsourced by WMS providers. Vendors sell their products by either offering them as a service, which helps the clients to focus on their core business operations or by selling the software to the client without the service.
  • The software segment is expected to emerge as the fastest-growing segment, registering a CAGR of 21.0% from 2023 to 2030. The growth can be attributed majorly to the increasing adoption of WMS software by small and midsized enterprises (SMEs) worldwide. The software is hosted via a cloud-based computing system.

Based on the Deployment Insights, the market is segmented into On-premise and Cloud.

  • The cloud segment held the highest revenue share in 2022 and is expected to emerge as the fastest-growing segment, registering a CAGR of 19.7% from 2023 to 2030. Cloud-based technology has revolutionized the way businesses function. When deployed on the cloud, WMS offers a reduction in companies' upfront costs and drastically increases warehouses' efficiency.
  • On the other hand, the on-premise deployment has been prominent since the advent of WMS and is characterized by huge servers and high maintenance costs, ultimately increasing the company’s expenditures. These upfront costs and ownership of maintaining the on-premise server are incredibly high compared to the cloud-based technology. The significant difference between on-premise and cloud-based solutions is the longer time taken in the implementation process of on-premise WMS as compared to the latter.

Based on the Function Insights, the market is segmented into Labor Management System, Analytics & Optimization, Billing & Yard Management, Systems Integration & Maintenance, Consulting Services.

  • The analytics & optimization segment is expected to emerge as the fastest-growing segment, registering a CAGR of 21.4% from 2023 to 2030. On the other hand, the revenue contributed by the systems integration & maintenance segment is likely to be the highest throughout the same period. Functions such as inventory receiving and putting away, optimization of picking and shipping of orders, and guidance in inventory replenishment are being carried out by WMS.
  • Further, order allocation is another essential feature of any robust warehouse management system. As soon as a sales order is received, it is entered into the enterprise resource planning (ERP) system and gets immediately updated in the WMS software. Order management is expedited as there is no time lapse between the product being received in the warehouse and being available for order allocation.

Based on the Application Insights, the market is segmented into Transportation & Logistics, Retail, Healthcare, Manufacturing, Food & Beverage, Others.

  • The transportation & logistics segment is expected to emerge as the fastest-growing segment, registering a CAGR of 20.2% from 2023 to 2030. The growth can be attributed to the increased popularity of e-commerce portals, coupled with the growing disposable income levels of consumers, especially in emerging nations such as India and China.
  • The manufacturing segment held the highest revenue share in 2022. The manufacturing companies initially integrated their ERP and WMS solutions. They are integrating their logistics & transport management systems too in order to gain full control of the supply chain. In addition, the use of cloud-based technology is enhancing the efficiency and performance of supply chain management in the manufacturing sector.
  • The healthcare segment is anticipated to emerge as a prominent adopter of WMS, as providers are building facilities taking into consideration the pre-requisites of the healthcare sector. For instance, DHL’s Cherwell European healthcare center is the largest user-shared logistics center in the U.K. that offers a healthcare warehouse management system. The facility uses OBS Logistics system, and its services include inventory management for a wide range of temperature-controlled pharmaceutical products, diagnostic reagents, and medical devices.

Warehouse Management Systems Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Market Share Insights

  • May 2020: Manhattan Associates launched a new Manhattan Active Warehouse Management solution, a cloud-native enterprise-class warehouse management system to unify all aspects of distribution without any upgradation.

Key Companies Profile & Market Share Insights

The market participants are focusing on several strategies to gain a higher market share. Mergers, acquisitions, partnerships, and other contractual agreements are being announced by them to emerge as the top warehouse management system company. Moreover, these players are investing in research and development activities to bring new services to the market. 

Some of the prominent players operating in the global warehouse management systems market include,

  • EPICOR
  • Körber AG (HighJump)
  • Infor
  • Made4net
  • Manhattan Associates
  • Oracle
  • PSI Logistics
  • Reply
  • SAP
  • Softeon
  • Synergy Ltd
  • Tecsys

Order a free sample PDF of the Warehouse Management Systems Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more