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warehouse management software systems market
By the end of 2033, it is anticipated that the market for warehouse management systems would have increased to US$ 14,536.7 Mn from its estimated value of US$ 3,152.1 Mn in 2022. In 2023, it is predicted that the market for warehouse management systems will be worth US$3,574.5 Mn. From 2023 to 2033, the market for warehouse management systems is anticipated to expand at a CAGR of 15.4%.
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A warehouse management system (WMS) is a piece of software that enables businesses to control and manage warehouse operations from the point at which items or materials are received to the point at which they are removed. Because they hold everything used or produced during manufacturing and supply chain operations, from raw materials to finished goods, warehouses are essential to these processes.
Warehouse management systems (WMS) are software applications that enable organizations to manage and optimize their warehouse operations, including inventory management, order fulfillment, and shipping/receiving. WMS helps organizations to improve the efficiency and accuracy of their warehouse operations, reduce costs, and improve customer satisfaction.
North America is expected to be the largest market for WMS, due to the presence of large e-commerce and retail companies and the adoption of advanced technologies in the region. The Asia-Pacific region is also expected to grow significantly, driven by increasing investments in logistics infrastructure and the growth of the e-commerce industry.
Key players in the WMS market include SAP SE, Oracle Corporation, IBM Corporation, Manhattan Associates, and JDA Software Group, Inc. These companies are investing in research and development to improve the functionality and usability of their WMS solutions, as well as expanding their product portfolios to cater to a wider range of industries and applications. Additionally, partnerships and collaborations with other companies in the logistics ecosystem, such as transportation management system (TMS) providers and third-party logistics (3PL) companies, are becoming increasingly important for players in the WMS market to provide end-to-end solutions to customers.
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Competitive Landscape
Major warehouse management systems mostly include companies that offer software solutions, these companies also have a keen focus on the development of supply chain technology.
In September 2022, Blue Yonder released two new solutions, one for the digitization of warehousing and other for the micro-fulfillment of the operations that occur in the warehouse. The focus is to deliver superior customer services. In September 2022, FourKites had announced the investment of USD 10M from Mitsui & Co., Ltd. to expand FourKites' warehouse service offerings across the Asia-Pacific region.
Key Players:
Zebra Technologies Honeywell International Inc. Clearpath Robotics Inc. The Raymond Corporation Technology Solutions (UK) Ltd. SAP Zoho Corp. Oracle Corporation
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Key Segments of Warehouse Management Systems Market Industry Research
By Component:
Hardware RFID Tags Scanners and Readers Mobile Computers
Software Standalone WMS Software Integrated WMS Software Supply Chain Management ERP System (with WMS Features)
Service Integration & Deployment Support & Maintenance Consulting
By Deployment Mode:
By Application:
Inventory Management Purchase & Order Management Supply Chain Management Asset Management Others
By Industry:
Retail & Consumer Goods Automotive Transport & Logistics Healthcare & Pharmaceuticals Electrical & Electronics Others
By Region:
North America Latin America Europe East Asia South Asia Pacific Middle East and Africa
About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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