According to the new research report "Warehouse Management System Market with COVID-19 Impact Analysis by Offering (Software, Services), Deployment (On Premises, Cloud), Tier Type (Advanced, Intermediate, Basic), Industry, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Warehouse Management System (WMS) market size is expected to grow from USD 2.8 billion in 2021 to USD 6.1 billion by 2026, at a CAGR of 16.7%. Emerging economies are mainly contributing to the growth of the industry. New manufacturing units are now being set up in developing nations due to the ease of business norms and policies and cheap labor availability. Rising investments in these countries by global multinationals are also a key contributor to the growth of the WMS market.
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Software segment
to hold the largest share of the warehouse management market in 2021
The software
segment is expected to hold a larger market share from 2021 to 2026. Increasing
awareness about WMS software among small and mid-sized enterprises (SMEs), the
globalization of supply chain networks, and the growing share of cloud-based
WMS software solutions are the key factors boosting the demand for WMS
software. Further, the rising demand for highly sophisticated warehousing and
logistics infrastructure is expected to drive the growth of the WMS market for
software. For instance, in May 2020, Manhattan
Associates announced a new Manhattan Active warehouse management solution, a
cloud-based enterprise-level warehouse management system that combines every
aspect of distribution and never needs upgrading. The Manhattan Active WMS is
sold in multi-year cloud subscription options and can be operated through a
mobile phone, tablet, or desktop. Companies innovating offerings and
functionalities are enhancing user experience and improving operational
efficiency, which is leading the growth of the WMS software market.
3PL industry to
hold the largest share of the warehouse management system market during the
forecast period
The 3PL
industry is one of the primary drivers of the WMS market. Factors such as the
growing need for efficient order management, increased outsourcing of logistics
and transportation operations, and the globalization of supply chain networks
has fueled the adoption of warehouse management systems in the 3PL industry.
The trend of industrial automation has initiated most organizations to focus on
the adoption of warehouse automation systems to achieve high operational
efficiency and functional capabilities. The leading warehouse management system
providers are focusing on the delivery of industry-specific customization in
WMS that provides an end-to-end solution, allowing organizations to coordinate
their procedures and inventory across their network.
The WMS market
for the e-commerce industry is expected to grow at the highest CAGR from 2021
to 2026. Short delivery times, accurate order processing, advanced shipment
tracking, and the increasing number of online shoppers are a few of the key
factors boosting the adoption of warehouse management systems in this industry.
Browse in-depth TOC on "Warehouse Management System Market"
181 – Tables
60 – Figures
257 – Pages
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The warehouse
management system market in APAC is expected to grow at the highest CAGR from
2021 to 2026
APAC is the
fastest-growing market for warehouse management systems. The growth of the
market in this region can be attributed to the tremendous growth of the
e-commerce and manufacturing industries in emerging economies such as China, India, and Indonesia. China is a key contributor to the
growth of the WMS market in APAC owing to its huge industrial and manufacturing
sector. India is one of the
fastest-growing markets for WMS in APAC.
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