Global Warehouse Management System Market Analysis 2022
The Global Warehouse Management System Market is expected to reach $9.30 billion by 2028 growing at a CAGR of 18.7% from 2021 to 2028. A warehouse management system (WMS) is a software program that aids in the control and management of warehouse operations. It offers visibility into a company’s complete inventory and manages supply chain fulfilment operations from the distribution center to the retail store shelf. The system can also help a firm in fulfilling orders more rapidly and instantaneously trace ordered products inside the warehouse.
Factors such as Growth in the e-commerce vertical and the globalization of supply chain networks are driving the growth of the market. However, high costs and lesser awareness are restraining the growth of the market.
Based on deployment, the cloud segment is going to have a lucrative growth during the forecast period which can be attributed to the demand for cloud-based warehouse management systems is increasing, as these systems help in the communication between a supplier and buyer, and also help improve customer service and reduce inventory costs. Cloud warehouse management systems have the ability to manage both, inbound and outbound freight, and manage the use of cross-docking and can be accessed from any location through web-based portals.
The key vendors mentioned are Tecsys, Inc, Softeon, Inc, SAP SE, Oracle Corporation, Manhattan Associates, Inc., Logfire, Inc, Jda Software Group, Inc, Interlink Technologies, Infor Inc, HighJump Software Inc.
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