Warehouse Management System (WMS) Market 2018 Trends, Research, Analysis & Review Forecast 2027 | COVID-19 Effects
Research Reports
Feb 28, 2022
Market Highlights
The warehouse management system market is witnessing rapid growth in revenues. The proliferating online retailing sector involving robust warehouse management to handle store and process goods pushes market growth. Most SMEs and large enterprises are rapidly adopting warehouse management systems, boosting the market shares.
With rising developments in warehousing management solutions, the market is growing rapidly in the years to come. In this regard, Market Research Future (MRFR) states that the global warehouse management system market is poised to create an exponential valuation by 2027, growing an impressive CAGR throughout the review period (2020-2027).
Various innovative warehouse technologies, such as robotic WMS and supply material handling automation systems, have been devised over the past few years. Moreover, the rising demand for WMS in the healthcare sector escalates the growth of the market. Dramatically increasing demand for e-commerce fulfillment positively impacts the growth of the market.
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The burgeoning IT & telecom sector and the rapid economic growth bolster the market growth. Furthermore, the rapidly growing online retailing sector fosters market revenues, witnessing increasing expenses and deployment of the WMS technology.
On the other hand, security concerns in WMS virtual architecture and the lack of expertise are key factors expected to impede market growth. Nevertheless, the rising popularity of WMS would support market growth throughout the assessment period.
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Segmentation:
The report is segmented into solutions, services, end-users, and regions. The solution segment is sub-segmented into virtual switches & routers, security & compliances, controllers, application platforms, orchestrations, infrastructural management, and others. The service segment is sub-segmented into managed services and professional services.
The professional service segment accounts for the largest market share, witnessing the wide adoption of network virtualization among various companies. The end-user segment is sub-segmented into healthcare, retail & e-commerce, BFSI, and others sectors. The region segment is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.
Global WMS Market – Regional Analysis
North America dominates the global warehouse management system market. The region is a hub for futuristic technologies and vast options for management solutions. Additionally, the presence of notable players and early adoption of IoT & AI boost the size of the WMS market.
Advancements in WMS and the increasing awareness of cloud-based warehousing management solutions drive the market growth. Besides, the growing adoption of on-demand cloud services and the rapidly increasing markets in the US and Canada are major driving forces for the market increase.
Global WMS Market – Competitive Analysis
The market appears highly competitive and diversified, with many giant players forming a competitive landscape. These players invest heavily in R&D, global expansion, advanced technologies, and product launches to gain a competitive edge in the market.
Major Players:
Players active in the WMS market are VMWare Inc. (US), ALTEN Calsoft Labs (US), Ericsson Inc (Sweden), Hewlett Packard Enterprise (US), Telco Systems (US), NEC Corporation (Japan), IBM Corporation (US), Juniper Networks Inc. (US), Versa Networks (US), Cisco Systems Inc. (US), and others.
Industry/Innovation/Related News:
August 30, 2021 — Zebra Technologies, a leading provider of rugged mobile computing devices and inventory management &workforce execution solutions, announced its intention to acquire antuit.ai, an artificial intelligence (AI)-powered Software-as-a-Service (SaaS) solutions, provider. The addition of antuit.ai’s AI-based forecasts and optimizes inventory allocation software is expected to grow Zebra’s retail and consumer packaged goods (CPG) software portfolio.
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Warehouse Management System (WMS) Market Information by Service Type (Software, Consulting, System integration, and Operations & Maintenance), by Application (Electronics, Pharmaceutical, Transportation & logistics, Retail, and Others) and by Region – Forecast to 2030
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