With 13.0% CAGR, Warehouse Management System Market Worth USD 9.14 Billion by 2029

According to Fortune Business Insights, the global warehouse management system market size is projected to reach USD 9.14 Billion by 2029, at a CAGR of 13.0% during the forecast period, 2022-2029
Pune, India, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The global warehouse management system market size was valued at USD 3.50 billion in 2021. The market is projected to grow from USD 3.89 billion in 2022 to USD 9.14 billion by 2029, exhibiting a CAGR of 13.0% during the forecast period.
This information is provided by Fortune Business Insights, in its report titled, 'Warehouse Management System Market Forecast, 2022-2029.'
Key Industry Development:
July 2022: Q&L Industrial Services, a Slovakian logistics company, according to an announcement from Infor, is switching to the Infor WMS cloud system to improve the efficiency of stock operations. For its clients, Q&L offers quick and accurate assistance.

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Report Scope & Segmentation
Report Coverage
Details
Forecast Period
2022 to 2029
Forecast Period 2022 to 2029 CAGR
13.0%
2029 Value Projection
USD 9.14 Billion
Base Year
2021
Warehouse Management System Market Size in 2021
USD 3.50 Billion
Historical Data for
2018 to 2020
No. of Pages
140
Segments covered
Deployment, Type, Industry and Geography
Warehouse Management System Market Growth Drivers
Rapid Growth in e-Commerce to Drive Market Growth

All industries saw their operations significantly affected by the pandemic. Businesses switched to cloud-based technology and implemented warehousing systems. Cloud-based solutions are cost-effective and easier to implement. They also allow for greater flexibility and scalability in responding to business expansions and changes. Industrial companies are increasingly using digital technologies to combat the COVID-19 pandemic. This includes automation, digitalization and the cloud.

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Drivers and Restraints:
Rapid Growth in e-Commerce to Drive Market Growth
The market for warehouse management system is anticipated to grow as e-commerce businesses require greater forecasting and monitoring capabilities for their facilities. To maintain demand and considerable cargo movement in the expanding e-commerce sector, continuous inventory and equipment tracking is required. It handles the shelf, bin, and pallet positions, keeps better returns records, and records inventories, commodities, and orders.
Segments:
Ease of Module Integration to Fuel Cloud-based System Demand
Based on deployment, the market is bifurcated into cloud and on-premise. Cloud is expected to gain highest CAGR during the forecast period as it offers real-time data transfer to support quick business operations.
Growing Demand for Inventory Capabilities to Boost Supply Chain Module Growth
Based on type, the market is bifurcated into standalone, enterprise resource planning module, and supply chain module. Supply chain module to gain maximum segment share during the forecast period.
Growing Focus on Efficient Business Process to Surge Discrete Industries CAGR
Based on industry, the market is bifurcated into discrete industries, process industries, and others. Discrete industries to witness rapid growth rate along with dominant segment share during the forecast period.
In terms of region, the market is divided into five key regions, North America, South America, Europe, the Middle East & Africa, and Asia Pacific.
Report Coverage:
The report presents a systematic study of the market segments and thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as the future opportunities is offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the market growth.

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Regional Insights:
North America to Lead Stoked by Existence of Crucial Players
During the projected period, North America is anticipated to lead the global market. The logistics sector in the U.S. contributes over 10.0% to GDP overall and was projected to reach nearly USD 175.0 trillion in 2022.
The Asia Pacific region is anticipated to experience rapid expansion during the anticipated timeframe. The evolution of industrial verticals including BFSI, manufacturing, and transportation management & logistics is one of the main drivers of the region's growth.
The rapid development of industry 4.0 and IoT in Europe is driving market growth.
The warehouse management system market share is likely to increase in the region due to the quick adoption of digital solutions across industries in South America and the growing emphasis on on-time deliveries to satisfy customer expectations.
Competitive Landscape:
Important Business-related Announcements by Key Players to Influence Market Dynamics
Fundamental warehouse management system companies often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.

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List of Key Players Mentioned in the Report:
Microsoft Corporation (U.S.)
Oracle Corporation (U.S.)
Infor Inc. (U.S.)
SAP SE (Germany)
Manhattan Associates, Inc. (U.S.)
Korber AG (Hamburg, Germany)
Fishbowl Inventory (U.S.)
Tecsys Inc. (Canada)
3PL Central LLC (U.S.)

Major Table of Contents:
Global Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Deployment (USD)
Cloud
On-premise
By Type
Standalone
Enterprise Resource Planning Module
Supply Chain Module
By Industry (USD)
Discrete
Process
Others
By Region (USD)
North America
South America
Europe
Middle East & Africa
Asia Pacific
North America Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Deployment (USD)
Cloud
On-premise
By Type
Standalone
Enterprise Resource Planning Module
Supply Chain Module
By Industry (USD)
Discrete
Process
Others
By Country (USD)
United States
Canada
Mexico
South America Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Deployment (USD)
Cloud
On-premise
By Type
Standalone
Enterprise Resource Planning Module
Supply Chain Module
By Industry (USD)
Discrete
Process
Others
By Country (USD)
Brazil
Argentina
Rest of South America
Europe Warehouse Management System Market Size Estimates and Forecasts, By Segments, 2018-2029
Key Findings
By Deployment (USD)
Cloud
On-premise
By Type
Standalone
Enterprise Resource Planning Module
Supply Chain Module
By Industry (USD)
Discrete
Process
Others
By Country (USD)
United Kingdom
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
TOC Continued…!

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