Warehouse Management System Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

 Overview

Warehouse Management System (WMS) market size is set to grow at a CAGR of 15% during the forecast period 2020-2025 and projected to reach $5.54 billion by 2025. WMS software application accomplishes the management of warehouse resources such as equipment, labor, space, tasks, and material flows, which is intended for distribution center management. The upsurge in the E-commerce industry is acting as the primary driving factor of the warehouse management system market. Additionally, the increase in the adoption of on-cloud WMS solutions, evolving multifarious distribution channels, and globalization of supply chain networks are contributing to the expansion of global warehouse management system market size.  

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Report Coverage

The “Warehouse Management System Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Warehouse Management System Industry.

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Key Takeaways

• North America held a larger share in the warehouse management system market owing to the increasing demand for cloud software to improve the warehouse management and rise in the investments by multinational companies in the U.S.
• The growing acceptance of cloud WMS systems to standalone warehouse management system is likely to aid in the market growth of the warehouse management system.
• An increase in the digitization of supply chain management will increase the market demand for the warehouse management system market in the near future. This is because of the growing investments in the research and development department set to provide a significant number of opportunities for the warehouse management system market during the forecast period.
• The integration of innovative technologies such as Artificial intelligence (AI) and augmented reality will amend the errors occurring due to the fallacious human interactions and increase the rate of automation in the warehouse operations.

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Type - Segment Analysis

Presently, the software held the largest share in the warehouse management system market size in 2018. This is majorly due to the increasing adoption of WMS software by the small and midsized enterprises (SMEs). In addition to this, the globalization of supply chain networks coupled with the growth in the share of cloud-based WMS software solutions is burgeoning the demand for WMS software, globally.  But, the services segment set to grow at a CAGR of 16.5% during the forecast period.

Deployment - Segment Analysis

Increasing awareness regarding cloud software offerings such as cost savings and efficiency is gaining traction from companies. The great flexibility afford by the cloud system is attracting even the small firms to invest less capital in order to establish their footprints in the global warehouse management system market. Thus, the rise in the adoption rate of the cloud software systems by the SMEs is also leading to have a positive impact on the growth of the WMS market.

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