Warehouse Management System Market Size, Share, Opportunities, And Trends By Deployment Type (On-premises, Cloud), By Application (Transportation And Logistics, E-Commerce, Food And Beverage Industry, Manufacturers, Others), And By Geography - Forecasts From 2023 To 2028

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.

Market Key Developments

• In September 2022, Pivotree Inc. introduced a new Warehouse Management System (WMS), a chain effort to develop that is integrated for hosting many sites and brands with complicated and diverse company operations. The new solution makes use of a shared SaaS infrastructure, which allows for the smooth extension of existing business operations and implementations. The product is created with cutting-edge technology and a biodegradable cloud-ready architecture to provide a scalable solution platform.
• In December 2022, Tecsys Inc., a supply chain management software development company, and SVT Robotics Inc., a pioneer in business applications for the deployment of industrial robotics, collaborated to develop and release an integrated connection between Tecsys' EliteTM supply chain platform and SVT's SOFTBOT Platform. The connection allowed Tecsys EliteTM clients to deploy faster and with less complexity, eliminating the need for extensive bespoke code development that is commonly required in multi-system robotics and automation installations.
• In July 2022, ShipBob, the world's leading e-commerce platform, announced the release of its Merchant Plus solution, a warehouse management system (WMS) that allows independent merchants with their warehouse in the United States to power fulfilment operations themselves while also leveraging ShipBob's global network.
• In July 2022, Pivotree Inc, a leading supplier of frictionless commerce solutions, announced the release of its newest PivotreeTM Warehouse Management System (WMS). PivotreeTM WMS minimizes friction in warehouse operations by lowering costs and boosting order fulfilment through inventory accuracy and enhanced visibility into operations performance.

Segmentation:

The warehouse management system market has been analysed through the following segments:

• By Deployment Type
  • On-premises
  • Cloud
• By Application
  • Transportation and Logistics
  • E-Commerce
  • Food and Beverage industry
  • Manufacturers
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others