The global Warehouse Management System (WMS) Market size is expected to reach USD 5.72 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 16.3% during the forecast period. Growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for WMS based on the Software-as-a-Service (SaaS) model.
Advancements
in cloud-based technologies are estimated to fuel the adoption of WMS software
irrespective of the size and complexity of the organization where these
solutions are used. Surging demand for cloud-based systems can primarily be
attributed to medium and small-sized businesses that do not require
implementation of advanced warehouse technologies and high-speed automation.
Larger
organizations are also switching to cloud-based warehouse management systems as
it allows organizations to offload exhausting tasks such as maintenance,
infrastructure administration, and timely upgrades, among other tasks that are
carried out on the on-premise software. Cloud enables businesses running on
conventional on-premise technologies to transit to a platform that will support
and cater to their clients’ needs more efficiently. Low upfront cost and
shorter implementation time are key factors that are encouraging companies to
move toward cloud-based systems.
The
drive toward automation is high-paced where manufacturers are focusing on
computerization of majority activities while suppliers are developing WMS
solutions to support market demand. Demand for custom warehouse management and
supply chain operation solutions is poised to grow over time and drive the
market.
Request
a sample copy or view summary of this report @ https://www.grandviewresearch.com/industry-analysis/warehouse-management-system-wms-market
Further key findings from the report suggest:
- The
cloud-based segment is expected to witness a high growth owing to numerous
functionalities that cloud-based WMS offers over the traditional
on-premise WMS. The segment is estimated to account for just over 55.0% of
the overall revenue by 2025
- The
transportation & logistics segment is projected to rise at the highest
CAGR of about 18.0% from 2018 to 2025. This may be attributed to soaring
need for technologically advanced warehouse management systems that can
help logistics companies to keep their operations aligned with the
ever-demanding market
- The Asia
Pacific WMS market is likely to experience the fastest growth during the
forecast period, due to high influx of e-commerce players in the region
- Some of the
key players in the market are Manhattan Associates, Oracle, HighJump, SAP
SE, Synergy Ltd., Tecsys, Reply, Epicor Software Corporation, and PSI
Logistics GmbH
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment