Warehouse Management Systems Market Worth $11.08 Billion By 2030: Grand View Research, Inc.

SAN FRANCISCO, May 5, 2022 /PRNewswire/ -- The global warehouse management systems market size is anticipated to reach USD 11.08 billion by 2030, advancing at a CAGR of 16.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for WMS based on the Software-as-a-Service (SaaS) model.

Key Insights & Findings from the report:

• The market for warehouse management system is anticipated to witness substantial growth during the forecast period due to the changing supply chain models of product manufacturers and rapidly growing consumer demand, especially in the transport & logistics and retail sectors.
• The software segment is expected to register the highest CAGR during the forecast period, owing to the increasing adoption of WMS software by small and mid-sized enterprises (SMEs) worldwide.
• The cloud segment is expected to advance with the highest CAGR during the forecast years, owing to numerous functionalities that cloud-based WMS offers over the traditional on-premise WMS.
• The transportation & logistics segment is expected to register the highest CAGR during the projection period, owing to the rising need for technologically advanced warehouse management systems that can help logistics companies to keep their operations aligned with the ever-demanding market.
• Asia Pacific is expected to register the highest CAGR during the forecast period due to the high influx of e-commerce players in the region.

Read 90-page market research report, "Warehouse Management Systems Market Size, Share & Trends Analysis Report By Component (Services, Software), By Deployment (Cloud, On-premise), By Function, By Application, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Warehouse Management Systems Market Growth & Trends

Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software, irrespective of the organization's size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation.

Larger organizations are also switching to cloud-based warehouse management systems, as it allows organizations to offload exhausting tasks such as maintenance, infrastructure administration, and timely upgrades, among other tasks that are carried out on the on-premise software. Cloud enables businesses running on conventional on-premise technologies to transit to a platform that will support and cater to their clients' needs more efficiently. Low upfront cost and shorter implementation time are the key factors encouraging companies to move toward cloud-based systems.

In the healthcare ecosystem, a warehouse management system (WMS) ensures that medical equipment and medicines are supplied in time. Also, WMS continuously updates the database of the inventory moving in and out of a warehouse, which prevents the shortage of inventory. Furthermore, in the healthcare domain, continuous sharing of information and transparency of all processes are the critical factors for efficient warehouse management.

WMS enables complete transparency of logistic activities and enables proper tracking of medical devices and medicines. Similarly, in the food & beverage industry, the WMS ensures optimized picking, directed put away, and rotation of stock based on its expiry date.

Warehouse Management Systems Market Segmentation

Grand View Research has segmented the global warehouse management systems market based on component, deployment, function, application, and region:

Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services

Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise
• Cloud

Function Outlook (Revenue, USD Million, 2017 - 2030)

• Labor Management System
• Analytics & Optimization
• Billing & Yard Management
• Systems Integration & Maintenance
• Consulting Services

Application Outlook (Revenue, USD Million, 2017 - 2030)

• Transportation & Logistics
• Retail
• Healthcare
• Manufacturing
• Food & Beverage
• Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East & Africa

List of Key Players in the Warehouse Management Systems Market

• EPICOR
• Körber AG (HighJump)
• Infor
• Made4net
• Manhattan Associates
• Oracle
• PSI Logistics
• Reply
• SAP
• Softeon
• Synergy Ltd
• Tecsys

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Browse through Grand View Research's IT Services & Applications Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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