Global Warehouse Management Systems Market 2023-2030

Global Warehouse Management Systems Market 2023-2030

Global Warehouse Management Systems Market Size, Share & Trends Analysis Report by Component (Software and Services), by Deployment (On-Premise and Cloud), by Function (Labor Management System, Analytics and Optimization, Billing and Yard Management, Systems Integration and Maintenance, and Consulting Services), and by Application (Transportation & Logistics, Retail, Healthcare, Manufacturing, Food & Beverage, and Others), Forecast Period (2023-2030)

The global warehouse management systems market is anticipated to grow at a considerable CAGR of 14.1% during the forecast period. The growth of the market is attributed to factors such as increasing demand for efficient warehouse operations, a rising e-commerce industry, and technological advancements such as the adoption of artificial intelligence (AI) and the Internet of Things (IoT) in warehouse management systems. Additionally, the growing complexity of warehouse inventory management, coupled with new and innovative solutions offered by the key market players, is anticipated to drive market growth. For instance, in April 2021, Honeywell launched a new software-as-a-service offering of its Warehouse Management System (WMS) for warehouses, distribution centers, and e-commerce fulfilment centers in Southeast Asia. The scalable, cloud-based WMS system is designed to plug-and-play with marketplaces that are integrated with existing systems and connected to top e-commerce platforms and courier services in the region. This new SaaS offering is suitable for customers seeking to start warehouse management solutions that can integrate with major marketplaces and couriers, handle SKUs and orders, improve picking and sorting efficiency, and improve order accuracy.

Segmental Outlook

The global warehouse management systems market is segmented based on its component, deployment, function, and application. Based on component, the market is segmented into software and services. Based on the deployment, the market is categorized into on-premise and cloud. Further, based on function, the market is segmented into labor management systems, analytics and optimization, billing and yard management, systems integration and maintenance, and consulting services. Lastly, based on the application, the market is segmented into transportation and logistics, retail, healthcare, manufacturing, food and beverage, and others. Among the deployments, the cloud sub-segment is anticipated to have significant growth owing to increased digitalization in warehouse management among warehouses.

Transportation and Logistics Application is Expected to Witness Significant Growth

Among the segments, the transportation and logistics application are expected to witness significant growth. Increased innovation and the development of automation technologies are some of the major factors driving the growth of this sub-segment in the market. Initiatives made by several governments to establish transportation infrastructure are expected to aid the logistics business. Moreover, with the rapid development in the e-commerce sector, increasing demand for logistic services, returns, and replacements is expected to boost market growth. For instance, in May 2021, the Brazilian government announced plans for a $50 billion investment in airports, ports, motorways, and railways.

Regional Outlook

The global warehouse management systems market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed at a regional or country level, as per the requirement. The Asia-Pacific region is projected to experience considerable growth in the warehouse management systems market due to the rapid expansion of e-commerce.

The North American Market is Anticipated to Hold a Prominent Share in the Warehouse Management Systems Market

Among these regions, the North American market is anticipated to hold a prominent share in the warehouse management systems market during the forecast period. The growth of the market in North America is primarily driven by factors such as the presence of established logistics and e-commerce companies and technological advancements. For instance, Oracle Corporation, Manhattan Associates, Inc., JDA Software Group, Inc., and HighJump Software are headquartered in the US, while Descartes Systems Group is headquartered in Canada. These market players offer and compete with each other to offer advanced solutions to customers at competitive market prices, thereby propelling market growth in the region.

Market Players Outlook

The major companies serving the global warehouse management systems market includes HighJump Software Inc., Infor Inc, Körber Supply Chain GmbH, Made4net, Manhattan Associates, Inc., and others. These market players are considerably contributing to market growth by adopting various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. The competitive landscape of the market is highly fragmented, with several players striving to expand their market presence and enhance their product offerings to cater to the evolving needs of customers in the warehouse management systems industry. For instance, in April 2022, LIS Logistische Informationssysteme AG (LIS) expanded its product range with the launch of a new software programme: LIS Warehouse Management (LWM). The cloud-based Warehouse Management System (WMS) is especially tailored to European third-party logistics (3PL) providers, regardless of their industry, and organizes the internal material flow of their warehouses and distribution centers. Via the data cloud, various processes such as incoming and outgoing goods, inventory and capacity management, or order picking can be viewed and flexibly controlled in real time with an end device connected to the internet. With this new development, the software house previously known for its transport management system (TMS), WinSped, wants to offer its customers holistic solutions from a single source.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global warehouse system management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.