Warehouse Management System Market by Offering, Deployment, Tier Type , Industry and Region - Global Forecast to 2024

Dublin, Sept. 24, 2018 (GLOBE NEWSWIRE) -- The "Warehouse Management System Market by Offering (Software, Services), Deployment (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic), Industry (3PL, Automotive, Food & Beverages, E-Commerce), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The warehouse management system (WMS) market was valued at USD 2.06 billion in 2018 and is expected to reach USD 4.82 billion by 2024, at a CAGR of 15.2% between 2018 and 2024.

The growth of this market can be attributed to the growth in the e-commerce industry, emerging multichannel distribution channels, globalization of supply chain networks, increased adoption of on-cloud WMS solutions, and rising need for efficient forecasting models. However, factors such as data privacy and security concerns, and high implementation costs of on-premise warehouse management systems for SMEs are restraining market growth.

The market for on-cloud deployment is expected to grow at a high rate from 2018 to 2024. Key factors driving the growth of this market include the rising adoption of cloud services in the manufacturing and logistics industries, along with increased reliability of users on cloud companies. Benefits such as faster implementation, lower up front installation and hardware costs, and faster return on investment are among the major factors driving the growth of the market for on-cloud deployment of warehouse management systems.

The warehouse management system market for services is likely to grow at the highest rate from 2018 to 2024. Need for increased efficiency, constant upgrades to ensure data security, and improved operations of WMS software are the major factors boosting the demand for WMS services. Services offered by WMS vendors include consulting and installation, testing, maintenance, training, and software upgrades.

Among all regions, the market in APAC is expected to grow at the highest rate from 2018 to 2024. The growth of the market in this region is attributed to the huge industrial and manufacturing sector of China. Secondly, India is the fastest-growing market for WMS in APAC. The launch of Make in India initiative has supported the growth of the manufacturing and warehousing sectors in India.

Japan is a developed country and is witnessing a slow but steady growth in the WMS market. Various exhibitions such as CEMAT Asia (2018), Intermodal Asia (2019), LOGMAT China (2019), CEMAT India (2020), India Warehousing & Logistics Show (2019), LOGMAT India (2019), Chemlogistics India (2019), and Logis-Tech Tokyo (2018) aim at bringing together leading international decision makers from the global transport and logistics sectors. These exhibitions allow warehousing and logistics communities come together to meet, network, and establish business partnerships.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Warehouse Management System Market, 2018-2024 (USD Billion)
4.2 Warehouse Management System Market, By Offering
4.3 Warehouse Management System Market, By Deployment
4.4 Warehouse Management System Market, By Tier Type
4.5 Warehouse Management System Market, By Industry
4.6 Warehouse Management System Market, By Geography

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in E-Commerce Industry
5.2.1.2 Emergence of Multichannel Distribution Networks
5.2.1.3 Globalization of Supply Chain Networks
5.2.1.4 Increasing Adoption of On-Cloud WMS Solutions
5.2.1.5 Need for Efficient Forecasting Models
5.2.2 Restraints
5.2.2.1 High Implementation Cost of On-Premise WMS for SMES
5.2.2.2 Data Privacy and Security Concerns
5.2.3 Opportunities
5.2.3.1 Digitization of Supply Chain Management
5.2.3.2 Rising Investment of Multinational Companies in Emerging Economies
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Benefits of WMS Among Small-Scale Industries
5.2.4.2 Constant Need for Software Upgrades
5.3 Value Chain Analysis

6 Hardware Components Integrated With Warehouse Management Systems

6.1 Introduction
6.2 Robot
6.2.1 Integration of Robot With WMS
6.3 Automated Storage and Retrieval System (ASRS)
6.3.1 Integration of ASRS With WMS
6.4 Conveyor and Sortation System
6.4.1 Integration of Conveyors and Sortation Systems With WMS
6.5 Crane
6.5.1 Integration of Cranes With WMS
6.6 Automated Guided Vehilce (AGV)
6.6.1 Integration of AGV With WMS

7 Warehouse Management System Market, By Offering

7.1 Introduction
7.2 Software
7.3 Services
7.3.1 Consulting and Installation
7.3.2 Testing
7.3.3 Maintenance
7.3.4 Training
7.3.5 Software Upgrades

8 Warehouse Management System Market, By Deployment

8.1 Introduction
8.2 On-Premise
8.3 On-Cloud
8.4 On-Premise vs On-Cloud

9 Warehouse Management System Market, By Tier Type

9.1 Introduction
9.2 Advanced WMS (Tier 1)
9.2.1 Functions of Advanced WMS (Tier 1)
9.2.1.1 Core Functions
9.2.1.2 Peripheral Functions
9.2.1.3 Supply Chain Functions
9.3 Intermediate WMS (Tier 2)
9.3.1 Functions of Internediate WMS (Tier 2)
9.4 Basic WMS (Tier 3)
9.4.1 Functions of Basic WMS (Tier 3)

10 Functions of Warehouse Management Systems

10.1 Introduction
10.2 Receiving and Putaway
10.3 Slotting
10.4 Inventory Control
10.5 Picking
10.6 Workforce and Task Management
10.7 Shipping
10.8 Yard and Dock Management

11 Warehouse Management System Market, By Industry

11.1 Introduction
11.2 Third-Party Logistics (3PL)
11.2.1 WMS Helps 3PL Companies Reduce Operation Complexities
11.3 Automotive
11.3.1 WMS Plays Major Role in Automotive Industry for Efficient Inventory Management
11.4 Food & Beverages
11.4.1 Implementation of WMS in Food & Beverages Industry for Package Tracking
11.5 Healthcare
11.5.1 Rising Trend of Automated Warehouses Boosting Adoption of WMS in Healthcare Industry
11.6 E-Commerce
11.6.1 WMS Smoothens Warehouising Operations of E-Commerce Industry
11.7 Chemicals
11.7.1 Digitization in Chemicals Industry to Boost Adopton of WMS
11.8 Electrical & Electronics
11.8.1 WMS Smoothly Handles Supply Chain of Electrical & Electronics Industry
11.9 Metals and Machinery
11.9.1 Use of WMS in Metals & Machinery Industry Enables Efficient and Cost-Effective Operations
11.10 Others
11.10.1 Paper and Printing
11.10.2 Textile and Clothing

12 Geographic Analysis

13 Competitive Landscape

13.1 Overview
13.2 Ranking of Players in Warehouse Management System Market
13.3 Competitive Situations & Trends

14 Company Profiles

• Epicor Software
• JDA Software
• Manhattan Associates
• Oracle
• SAP
• IBM
• Infor
• PSI
• PTC
• Tecsys
• Blujay Solutions
• HighJump
• 3PL Central
• Datapel
• Made4net
• Microlistics
• Reply
• Softeon
• Synergy Logistics
• Vinculum Solutions

For more information about this report visit https://www.researchandmarkets.com/research/g5cjp7/warehouse?w=12

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