Global Warehouse Management Systems Market is Set for a Rapid Growth and is Expected to Reach around USD 3.04 Billion Globally by 2022
Zion Market Research has published a new report titled “Warehouse Management Systems Market by Component (Software (On Premise & Cloud) and Services) for Retail, Pharmaceutical, Electronics, Food & Beverage and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022.” According to the report, global demand for warehouse management systems was valued at around USD 1.37 billion in 2016, and is expected to reach approximately USD 3.04 billion in 2022, growing at a CAGR of slightly above 14% between 2017 and 2022.
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Emergence of e-commerce and increased technological investment in economically emerging regions such as Asia Pacific, high demand from the health care sector and industrial sector are contributing tremendous growth in warehouse management system market. Warehouse management systems in developed regions such as North America and Europe are showing robust growth due to increasing awareness of cloud based warehouse management systems, and surge in demand for warehouse management integrated with RFID technology.
Geographically,warehouse management system market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In Europe advance facilities are used in warehouse management system such as value added services, serial number of tracking product recall, accommodate omni channel which is fueling the warehouse management growth. Germany, Italy and Saudi Arabia are some of the leading market for warehouse management system market. North America is showing moderate growth in warehouse management system due to rising adoption of warehouse management system in various avenues.
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Globalization and increasing demand of advance warehouse management system in Asia Pacific are escalating market growth. In addition, increased per capita income in retail sector is driving the market growth of this market in Asia Pacific. Rising trend of e-commerce or online shopping is helping to spur demand of warehouse management system market in order to meet customer requirement. However, high initial investment and lack of IT infrastructure are restraining the market growth across globe.
Latin America is projected to witness significant growth over the forecast period. In March 2016, Log Fire formed parternership with NUO technology consultancy to provide cloud based warehouse management system in South America. Further, adoption of advance technology in warehouse management system in Latin America will propel the market growth in this region.
Some of the leading players operating in warehouse management system market are Infor Inc., LogFire Inc., Tecsys, Inc., High Jump Software, Manhattan Associates Inc., Made4net LLC, Oracle Corporation, SAP SE, Reply, Softeon, Inc., JDA Software Group, Inc., and Synergy Logistics Ltd. among others.
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The report segments global warehouse management systems market as follows:
Global Warehouse Management Systems Market: Component Segment Analysis
Global Warehouse Management Systems Market: Application Segment Analysis
- Food & Beverage
Global Warehouse Management Systems Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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