CHICAGO, December 8, 2021 / PRNewswire / – According to new research report COVID-19 Impact Analysis Warehouse Management Systems Market by Offer (Software, Services), Deployment (On-Premises, Cloud), Level Type (Advanced, Intermediate, Basic), Industry and Region – Forecast worldwide until 2026 “, published by MarketsandMarkets ™, the global Warehouse Management System (WMS) market size is expected to grow by $ 2.8 billion in 2021 to $ 6.1 billion by 2026, at a CAGR of 16.7%. Emerging economies mainly contribute to the growth of the industry. New manufacturing units are now being established in developing countries due to ease of standards and trade policies and the availability of cheap labor. The increased investment in these countries by global multinationals is also a key factor in the growth of the WMS market.
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Software Segment to Hold Largest Share of Warehouse Management Market in 2021
The software segment is expected to hold a larger market share from 2021 to 2026. Increased awareness of WMS software among small and medium enterprises (SMEs), globalization of supply chain networks and growing share of WMS based software solutions on the cloud are the key factors driving the demand for WMS software. In addition, the growing demand for highly sophisticated warehousing and logistics infrastructure is expected to drive the growth of the WMS software market. For example, in May 2020, Manhattan Associates announced a new warehouse management solution Manhattan Active, a cloud-based enterprise-level warehouse management system that combines all aspects of distribution and never needs to be upgraded. The Manhattan Active WMS is sold as part of multi-year cloud subscription options and can be used via a mobile phone, tablet or desktop computer. The companies offering innovative offerings and features improve user experience and operational efficiency, leading to the growth of the WMS software market.
The 3PL industry to hold the largest share of the warehouse management systems market during the forecast period
The 3PL industry is one of the main drivers of the WMS market. Factors such as the growing need for efficient order management, increased outsourcing of logistics and transportation operations, and the globalization of supply chain networks have fueled the adoption of warehouse management systems in the world. industry 3PL. The trend towards industrial automation has caused most organizations to focus on adopting warehouse automation systems to achieve high operational efficiency and functional capabilities. Leading warehouse management system vendors are focused on providing industry-specific customization in WMS that provides an end-to-end solution, enabling organizations to coordinate their procedures and inventory across their network.
The WMS market for e-commerce industry is expected to grow at the highest CAGR from 2021 to 2026. Short delivery times, accurate order processing, advanced shipment tracking, and growing number of online shoppers are some of the reasons for this. – one of the key factors driving the adoption of warehouse management systems in this industry.
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APAC Warehouse Management Systems Market Expected To Grow At Highest CAGR From 2021-2026
APAC is the fastest growing market for warehouse management systems. The market growth in this region can be attributed to the tremendous growth of e-commerce and manufacturing industries in emerging economies such as China, India, and Indonesia. China is a key contributor to the growth of the WMS market in APAC due to its huge industrial and manufacturing sector. India is one of the fastest growing markets for WMS in APAC.
Major companies operating in this warehouse management systems market include Manhattan Associates, Inc. (US), Blue Yonder Group, Inc. (US), HighJump (Körber) (US), Oracle Corporation (US), IBM ( US) and SAP (Germany).
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