Pune, India, Dec. 07, 2023 (GLOBE NEWSWIRE) — The global Warehouse Management System Market size was valued at USD 2.75 billion in 2022 and is projected to reach USD 7.30 billion by 2030, exhibiting a CAGR of 13.2% during the forecast period. Fortune Business Insights presents this information in their report titled “Global Warehouse Management System Market Forecast, 2024-2030.”
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Notable Industry Development:
March 2023 – Stockone, an India-based warehouse management system provider, delivered a SaaS-based system to help users to manage warehouse operations seamlessly.
Key Takeaways
- Warehouse Management System Market size in North America was USD 1.03 billion in 2022
- Significant Changes in Demand Cycle Across Industries Amid Pandemic Boosted Market Growth
- Supply Chain Module Segment Share to Dominate Owing to Growing Demand for Inventory Capabilities
- Growing Focus on Efficient Business Process to Lead to Manufacturing Segment’s Dominance
Discover the Leading Players Featured in the Report:
“Companies leading the global Warehouse Management System Market are Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Infor Inc. (U.S.), SAP SE (Germany), Manhattan Associates, Inc. (U.S.), Korber AG (Germany), Fishbowl Inventory (U.S.), Tecsys Inc. (Canada), 3PL Central LLC (U.S.), Unicommerce eSolutions Pvt. Ltd. (India)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 13.2% |
| 2030 Value Projection | USD 7.30 billion |
| Base Year | 2022 |
| Warehouse Management System Market Size in 2022 | USD 2.75 billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 140 |
| Segments covered | Deployment, Type, End-Use and Geography |
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Drivers and Restraints:
Rapid Surge in e-Commerce to Propel Industry Expansion
The warehouse management system market growth is being propelled by the escalating product demand from e-commerce enterprises. This comes as e-commerce businesses require constant equipment and inventory tracking for substantial cargo movement and demand maintenance.
However, high costs are associated with the installation of warehouse management systems. These could hamper industry expansion to a considerable extent.
Segmentation
By Deployment
By Type
- Standalone
- Enterprise Resource Planning Module
- Supply Chain Module
By Industry
- Retail
- Logistics
- Healthcare
- Manufacturing
- Food & Beverages
- Chemical
- Others (IT & Telecom and Furniture)
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Regional Insights:
North America to Emerge Prominent Owing to Surging Warehouse Tool Demand
The North America warehouse management system market share is slated to register considerable expansion over the forecast period. The surge is driven by the growing demand for warehouse tools in the region.
The Asia Pacific market is anticipated to depict substantial growth over the projected period. The rise is propelled by the increasing focus of manufacturers on the introduction of advanced systems.
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Competitive Landscape:
Pivotal Companies Ink Collaborations to Enhance Product Reach
Leading market participants are focused on adopting a range of strategic initiatives to strengthen their industry positions. These comprise merger agreements, acquisitions, and the rollout of new products. Other steps include partnerships, collaborations, and the development of advanced solutions.
FAQs
How big is the Warehouse Management System Market?
The Warehouse Management System Market size was USD 2.75 billion in 2022. It is expected to reach USD 7.30 billion by 2030.
How fast is the Warehouse Management System Market growing?
The Warehouse Management System Market will exhibit a CAGR of 13.2% during the forecast period, 2023-2030.
Related Reports:
Supply Chain Management Market Size, Share, Revenue Forecast and Opportunities
Enterprise Resource Planning (ERP) Software Market Overview, Industry Share and Forecast
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- Warehouse Management System Market