Global Warehouse Management Market Expected To Reach XX Million Over the forecast Period of 2017-2025
According to a new report published by Reports Monitor titled, “Warehouse Management Market by Component, Deployment, Tier Component, Hardware Component and Vertical Industry: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Warehouse Management Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Europe accounts for highest share of the market and is expected to grow continuously over the coming years.
Warehouse management system is a type of software solution that provides transparency into a business’ entire inventory and supervises supply chain fulfilment operation from the time goods or material enters the warehouse till the time it moves out. Traditional warehouse management system were restricted to simple storage location functionality whereas contemporary WMS software are just not limited to location function but standalone or modules in a larger enterprise resource planning (ERP) system which includes complicated technology such as voice recognition and radio frequency identification. Sophisticated warehouse management systems are required to reduce to labour intensive work and speedy delivery of the product with lowest possible distribution cost.
Emergence of Omni channel distribution network, advancement in digital technology giving rise to e-commerce sector and globalization of supply chain networks are the vital aspects driving the growth WMS market chiefly. Furthermore, growing adoption of WMS software to run a business smoothly and to increase efficiency, demand for effective on-cloud WMS solution, WMS add-on module sales, cost ownership advantages, and supply chain platform integration are substantially supporting the growth of the market. Nevertheless, soaring cost of WMS implementation on-premise, data security risks on cloud WMS solution and less understanding of the concept among small scale business owners and disinclination in replacing inherited systems are market restraint that might hinder the market growth. Digitalization of supply chain management and industrial growth in emerging economies offer lucrative opportunities even to low scale businesses to deploy WMS Software.
Key Findings and Scope: • In 2016, the global warehouse management system market was valued at US$ 1,447.1 Mn. • Global Warehouse management system market is estimated to grow at 14.1% of CAGR throughout the forecast period of 2017 to 2025. • Based on deployment, 76.3% of the revenue was generated by on-premise warehouse management system out of overall AMS software application in 2016. • Geographically, the European region is leading the market in the terms of, volume and value owing to existence of prominent companies, advancement in technology, growing e-commerce industry and development in warehouse infrastructure.
Major players profiled in the market are: BluJay Solutions, Epicor Software Corp, Highjump, Infor, Inc., JDA Software Group, Inc, Manhattan Associates, Inc., Mantis Software Company, Oracle Corp., SAP SE and TECSYS In.
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