According to a new report published by Reports Monitor titled, “Warehouse Management System Market by Component, Deployment, Tier Component, Hardware Component and Vertical Industry: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Warehouse Management System Market was valued at 1,447.1 million in 2016, and is projected to grow at a CAGR of 14.1% from 2017 to 2025. Europe accounts for highest share of the market and is expected to grow continuously over the coming years.
Warehouse management system is a type of software solution that provides transparency into a business’ entire inventory and supervises supply chain fulfillment operation from the time goods or material enters the warehouse till the time it moves out. Traditional warehouse management systems were restricted to simple storage location functionality whereas contemporary WMS software are just not limited to location function but standalone or modules in a larger enterprise resource planning (ERP) system which includes complicated technology such as voice recognition and radio frequency identification. Sophisticated warehouse management systems are required to reduce to labor-intensive work and speedy delivery of the product with lowest possible distribution cost.
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The emergence of Omni-channel distribution network, advancement in digital technology giving rise to e-commerce sector and globalization of supply chain networks are the vital aspects driving the growth WMS market chiefly. Furthermore, growing adoption of WMS software to run a business smoothly and to increase efficiency, demand for effective on-cloud WMS solution, WMS add-on module sales, cost ownership advantages, and supply chain platform integration is substantially supporting the growth of the market. Nevertheless, soaring cost of WMS implementation on-premise, data security risks on cloud WMS solution and less understanding of the concept among small-scale business owners and disinclination in replacing inherited systems are market restraint that might hinder the market growth. Digitalization of supply chain management and industrial growth in emerging economies offer lucrative opportunities even to low scale businesses to deploy WMS Software.
Key Findings and Scope:
• In 2016, the global warehouse management system market was valued at US$ 1,447.1 Mn.
• Global Warehouse management system market is estimated to grow at 14.1% of CAGR throughout the forecast period of 2017 to 2025.
• Based on deployment, 76.3% of the revenue was generated by on-premise warehouse management system out of overall AMS software application in 2016.
• Geographically, the European region is leading the market in the terms of, volume and value owing to the existence of prominent companies, advancement in technology, growing e-commerce industry and development in warehouse infrastructure.
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Major players profiled in the market are BluJay Solutions, Epicor Software Corp, Highjump, Infor, Inc., JDA Software Group, Inc, Manhattan Associates, Inc., Mantis Software Company, Oracle Corp., SAP SE and TECSYS In.
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analysts implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates, and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
Some Points from TOC:
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Component Overview
4.2. Market Size & Forecast, 2015 to 2025
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