Warehouse Management System Market By Offering, By Tier, By Industry, Historical Data And Forecast 2023-2032|Manhattan Associates, Oracle Corp., Infor, PTC, SAP SE

The Warehouse Management System Global Market Report 2023 by The Business Research Company, provides warehouse management system market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Warehouse Management System Global Market Report 2023, the market size is expected to grow from $2.74 billion in 2022 to $3.15 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global warehouse management system is expected to grow to $5.5 billion in 2027 at a CAGR of 15.0%.

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.

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The warehouse management system market 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

Technological advancement is a key trend gaining popularity in the warehouse management system market. Technological advancement is the discovery of knowledge that advances technology. For instance, in May 2020, a US-based provider of technology solutions for distribution centers launched the Manhattan Active Warehouse Management solution, which marks the world’s first cloud-native enterprise-class warehouse management system (WMS). The new warehouse management system unifies every aspect of distribution and contains unified control, which allows management team members to quickly visualize, diagnose, and take action anywhere in their supply chain.

The warehouse management system market report table of contents includes: