Warehouse Management System Market, with a 16.56% CAGR, is projected to increase from USD 3.633 billion in 2025 to USD 9.11 billion in 2031.
Modern warehouse management systems are now a significant investment sector, and most businesses of all kinds have adopted the technology to expand further. Warehouse management solutions simplify complicated warehousing procedures, making it easier to control a fulfilment centre’s complete operation, from the time an order is initiated through its dispatch.
Furthermore, the rapidly expanding global Internet shopping industry raises market value. The prompt delivery of goods is critical to the success of e-commerce businesses. As a result, most e-commerce firms invest in comprehensive warehouse management systems capable of storing and processing items. As a result, warehouse management systems (WMSs) enable warehouse operators to conduct end-to-end warehousing processes and adapt to supply chain difficulties more efficiently.
The rise of the e-commerce industry is anticipated to boost the market revenue
The growth of the e-commerce industry has led companies to extend their distribution and logistics management. Due to this reason, several companies in this sector are opting for enhancing their warehousing systems which in turn is expected to positively impact the revenue of the market. For instance, in September 2022, Oracle NetSuite developed NetSuite Ship Central, a mobile application that may assist firms to increase the efficiency of warehouse operations. On a mobile or kiosk device, the system provides warehouse workers with logistics and distribution capabilities. NetSuite Ship Central also assists firms in optimizing operations, eliminating manual procedures, and accelerating client delivery.
The increasing need for WMS in the healthcare sector will promote market growth
The increased demand for WMS in the healthcare sector, as well as rising costs in many important industries for installing the technology, drive up market value. As a result, healthcare companies are expanding their operations by optimizing their warehouse system. For instance, in August 2022, Mooneh, a third-party logistic warehousing and distribution provider working on behalf of large worldwide pharmaceutical corporations, installed optimized WMS, according to Infor, the industry cloud firm. In addition to developing an efficient and productive warehouse operation, the system is designed to provide comprehensive inventory traceability. Additionally, in March 2022, SSI SCHAEFER, the world's leading developer of adaptable warehousing and logistics solutions, announced the deployment of the country's first world-class pharmaceutical system in collaboration with Nahdi Medical Company, the region's biggest pharmaceutical retail chain. The new facility, situated in the center of Jeddah's industrial zone, greatly boosted the country's logistical capability and preparation for safe and dependable pharmaceutical delivery.
Asia Pacific holds a significant amount of share during the forecasted period
The market for WMS is expected to increase in the next years because of the emergence of various enterprises in the region dealing with enormous supply-chain logistics. The market has seen significant profitability in this region as a result of the firms' collaboration and efforts in developing improved warehouse management systems. For instance, a significant Australian logistics and transportation firm that operates in over 40 countries and provides services such as road, rail, sea, air, and warehouse partnerships with the organization yearly distributes more than 66 million parcels for more than $9 billion in revenue, as per the company data. The company's warehouse apps execute thousands of orders each day on average across hundreds of warehouse management centres that service a diverse variety of clients in numerous areas across the world. For this reason, Capgemini has assisted in the introduction of a significant warehouse management system update effort over the previous three years to increase application uptime, durability, security, and usage.
Warehouse Management System Market Segmentation:
By Deployment Type
On-premises
Cloud
By Application
Transportation and Logistics
E-Commerce
Food and Beverage industry
Manufacturers
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others