According to the new market research report "Warehouse Management System
Market with COVID-19 Impact Analysis by Offering (Software, Services),
Deployment (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic),
Industry (3PL, Automotive, E-Commerce), and Region - Global Forecast to
2025", published by MarketsandMarkets™, the Warehouse Management
System (WMS) Market is likely to reach USD 5.1 billion by 2025 from USD 2.4 billion in
2020, at a CAGR of 16.0% from 2020 to 2025.
The growth of this market can be attributed to the
increasing growth in e-commerce industry due to onset of COVID-19 pandemic,
emergence of multi-channel distribution networks, globalization of supply chain
networks, increasing adoption of on-cloud WMS solutions, and need for efficient
forecasting models.
Ask
for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41614951
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41614951
On-premise
deployment to lead the WMS market from 2020 to 2025
On-premise deployment is expected to hold the
largest share of the WMS market in 2020. Benefits such as enhanced data
security, better performance and control over data transmission, and easier
customization provided by on-premise warehouse management systems are resulting
in their high adoption. Further, the growth of this market is driven by the
3PL, automotive, food & beverages, and healthcare industries.
Software
to lead the WMS market during forecast period
The software segment is expected to hold the largest
market share from 2020 to 2025. Increasing awareness about WMS software among
small and midsized enterprises (SMEs), globalization of supply chain networks,
and 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.
Advanced
(Tier 1) WMS to lead the market from 2020 to 2025
Advanced (tier 1) warehouse management systems
accounted for the largest size of the market during the forecast period. These
warehouse management systems offer benefits such as efficient handling of complex
warehouse and distribution network, high scalability, and quick processing of
large volumes of data generated through warehousing and logistics operations.
Further, advanced warehouse management systems aid warehouse operators in
making better decisions about inventory stocking, movement, and employee
efficiency with adequate and accessible information. These factors are driving
the growth of the market for advanced (tier 1) warehouse management systems.
3PL
industry to lead WMS market from 2020 to 2025
The 3PL industry is one of the major industries
driving the growth of the WMS market. Factors such as the growing need for
efficient order management, increased outsourcing of logistics and
transportation operations, and globalization of supply chain networks have
fueled the adoption of warehouse management systems in the 3PL industry. Due to
the outbreak of COVID-19, a complete 360° transformation in business operations
and logistic processes can be observed. Processes have become more dynamic than
before, while companies are focusing on the fulfillment of critical tasks. This
has given a tremendous boost to 3PL services. As companies continue to make use
of 3PL services, their warehousing needs are increasing. This has bolstered the
demand for WMS in the 3PL sector.
Inquiry
Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=41614951
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=41614951
North America to be largest market for warehouse management
systems during forecast period
North America is expected to hold the largest market size
for warehouse management systems during the forecast period. Factors such as
rising adoption of on-cloud WMS solutions, presence of large companies with
global warehousing and distribution operations, growing e-commerce industry,
and developed third-party logistics (3PL) networks are driving the growth of
the WMS market in North
America. As the COVID-19 pandemic continues to spread in the US,
logistics and supply chain operations are affected severely, especially in the
North American region. Retail, industrial and consumer goods are some of the
major industries that are hugely affected by the COVID-19 outbreak in North America.
Supply chain disruptions will have both long-term and short-term effects on
businesses.
Major players operating in
the WMS market include Manhattan Associates (US), Blue Yonder (JDA Software)
(US), HighJump (Körber) (US), Oracle (US), SAP (Germany), IBM (US), Infor (US),
PSI (Germany),
PTC (US), Tecsys (Canada),
Blujay Solutions (UK), Epicor Software (US).
