Warehouse Management System Global Market By Component, By Deployment, By Function, By Application, By Region And Segment Forecasts, 2024-2033 | IBM Corp, Oracle Corp, Reply S.p.A., Infor Inc., PTC Inc.

The Warehouse Management System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Warehouse Management System Global Market Report 2024, The warehouse management system market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to integration with ERP systems, demand for real-time visibility, scalability and flexibility needs, focus on lean management, compliance and regulatory requirements.

The warehouse management system market size is expected to see rapid growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to cross-border trade complexity, mobile-first solutions, supply chain resilience, green warehousing initiatives, robotics and automation expansion. Major trends in the forecast period include supply chain visibility and collaboration, scalability and flexibility demands, sustainability and green warehousing, omni-channel retailing impact, AI and machine learning implementation.

The increase in demand from e-commerce companies for larger warehouses with better tracking and forecasting is expected to drive the warehouse management system market. The growing e-commerce industry requires continuous tracking of all the equipment and inventory forecasting to keep up with demand and maintain large cargo movement. For instance, a study from research firm Knight Frank reported that the annual warehousing transactions in India are expected to increase from 31.7 million square feet in 2021 to 76.2 million square feet in 2026. Therefore, increasing demand from e-commerce companies is expected to boost the market during the forecast period.

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The warehouse management system market covered in this report is segmented –
1) By Offering: Software, Services
2) By Deployment: On Premises, Cloud
3) By Function: Labor Management System, Analytics And Optimization, Billing And Yard Management, Systems Integration And Maintenance
4) By Application: Transportation And Logistics, Healthcare, Retail, Manufacturing, Food And Beverage, Other Applications

Major companies operating in the warehouse management system market are focusing on developing innovative technologies to deliver significant benefits in terms of efficiency, cost savings, employee satisfaction, and future-proofing their operations. The warehouse management system was developed, tested, and implemented across 10 North American warehouse sites in just eight months. The system has cloud capabilities that offer cost savings and can be updated every year, as opposed to the industry standard of every five to seven years. For instance, in May 2023, Mars Inc., a US-based food company, launched a new warehouse management system (WMS) to drive efficiency and save millions of dollars. It also features an optimized task interleaving process to streamline warehouse operations and improve productivity. The development of the WMS aligns with Mars’ commitment to its five principles, including quality, responsibility, mutuality, efficiency, and freedom. The new system has been well-received by Mars’ warehouse teams and has contributed to the company’s overall efficiency and cost savings.

The warehouse management system market report table of contents includes:
1. Executive Summary