Global warehouse management system 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%
from 2021 to 2026.
The recent trends in global logistics such as
delivery KPIs, increased flexibility in the supply chain, and
cost-cutting are the drivers for 3PL and supply chain industry to adapt
to warehouse management systems. The increase of e-commerce and online
buying trends of customers is further driving the growth of warehouse
management systems market. Favorable trade and government policies and
lower taxes on businesses are a few of the factors that are driving
foreign investments in developing economies. Hence, emerging countries
are one of the key growth opportunities for the WMS market.
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Small-scale
industries traditionally operate their warehouses with legacy systems.
As the annual income of small-scale industries is not very high,
investments to set up WMS seem to be an unnecessary expense for these
business owners. Similarly, they have a small amount of workforce, among
which finding a skilled worker to maintain WMS, may be a tedious and
investing task.Owing to the reluctance to replace traditional systems
and limited growth plans, business owners in small-scale industries fail
to recognize the benefits they can avail of by using WMS. Further,
significant investments associated with the deployment of WMS and high
upfront costs restrain the adoption of WMS. The deployment of WMS
involves extra costs for license purchase, upgrades, and employee
training; this factor also limits the adoption of WMS by small-scale
industries.
The supply chain in today’s time is a series of
discrete and isolated phases/stages—ranging from marketing, product
development, manufacturing, and distribution stages to end users and
after-sales services. With the rise in technological advancements,
digitization has spread across all operations of the supply chain. The
digitization of the supply chain aids in building a completely
integrated ecosystem, which is fully transparent to all the players
involved—from suppliers of raw materials, components, and parts to
transporters of the supplies and finished goods, and finally to the
customers demanding fulfillment.
Manhattan Associates, Inc. (US),
Blue Yonder Group, Inc. (US), HighJump (Körber) (US)>, Oracle
Corporation (US), IBM (US), and SAP (Germany) are a few warehouse
management system companies in this market.
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