October 28, 2021 09:15 US Eastern Time | Source: Validated Market Research Validated Market Research
Boonton, New Jersey, U.S.
Jersey City, New Jersey, October 28, 2021 (GLOBE NEWSWIRE) - Verified Market Research recently released a report, "Warehouse Management System Market" by level type (Advanced (Level 1), Intermediate (Level 2) ) And basic (level 3)), by industry (healthcare, food and beverage, electrical and electronics, e-commerce, chemical, automotive, and others) and by geographic location. According to the data of Verified Market Research, the global warehouse management system market size in 2020 is 2.37206 billion U.S. dollars and is expected to reach 7.05894 billion U.S. dollars by 2028, with a compound annual growth rate of 14.34% from 2021 to 2028.
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Global warehouse management system market overview
Due to the outbreak of the COVID-19 pandemic, the growth of the e-commerce industry is a key driver of the warehouse management system market. Warehouse management system is an extremely important factor in e-commerce management. It is used to track and record inventory, monitor orders, pick goods, manage positions, shelf and/or pallet locations, and maintain return records. The demand for e-commerce products often fluctuates, resulting in a large number of shortages. Therefore, it is very important to automate the accurate allocation, packaging and delivery of orders. Therefore, with the development of the e-commerce industry, the demand for WMS is also increasing. The emergence of advanced technologies such as cloud computing and software as a service (SaaS) provide end-to-end operations with higher efficiency and transparency, which has prompted supply chain operators to focus on adopting warehouse management systems.
The growth of the market has been hindered, mainly due to privacy and security issues related to warehouse management systems. WMS network security is one of the potential risks in modern supply chain management, and efforts are being made to reduce the security risks in the implementation of new systems. In addition, various restrictions related to WMS (such as higher installation costs related to local WMS) also hinder the growth of the market. Nevertheless, increasing adoption of cloud WMS solutions and increased investment by multinational companies in emerging economies can create profitable growth opportunities for the WMS market.
The main players in the market are IBM Corporation, Oracle Corporation, SAP, Infor, PTC Inc., Manhattan Associates, Inc., Epicor Software, etc.
Verified Market Research has segmented the global warehouse management system market based on layer type, industry, and geographic location.
The warehouse robot market is by product (mobile robot, joint robot), by payload capacity (less than 10 kg, 11 kg to 80 kg), by software (warehouse management system, warehouse control system), by application (e-commerce, automotive) , By function (transportation, packaging), by geography, forecast, 2021-2028
North American forklift market by power source (internal combustion engine, electric (lead-acid and lithium ion) and hydrogen fuel cell (PEMFC forklift, DMFC forklift, etc.)), by category (class 1, 2, 3, 4 and 5) , By application (manufacturing, wholesale and retail distribution, warehousing and logistics, and freight), by geography, forecast, 2021-2028
Data warehouse market by type (cloud computing, big data), by application (customer management, information management, business management), by vertical direction (government and education, healthcare, hotel industry), by geography, forecast, 2021- 2028
The data warehouse as a service (DWaaS) market is by deployment (public cloud, private cloud and hybrid cloud), by type (EDW and ODS), by application (fraud detection and threat management, supply chain management), by industry (BFSI, retail and E-commerce, IT and telecommunications, healthcare), by geographic distribution, forecast, 2021-2028
Top omni-channel warehouse management system: alleviate record keeping problems
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