Warehouse Management Systems Market : Trends & Opportunities with Forecast 2024

The emergence of digital technology has led to the increased adoption of warehouse management systems (WMS) in a number of applications. A booming e-commerce industry and the subsequent adoption of WMS in this sector is expected to drive the global warehouse management systems market.

Another significant factor supporting its growth is the increasing adoption of BYOD in various industries such as retail, 3PL, healthcare, and manufacturing. This has led to an increasing demand for cloud-based WMS solutions, subsequently driving the warehouse management systems market.

The market is anticipated to expand at a revenue-based CAGR of 14.1% during the forecast period, rising from a value of US$1.2 bn in 2015 to US$4.1 bn by 2024.

Obtain Report Details @

http://www.transparencymarketresearch.com/warehouse-management-systems.html

On the basis of the component, the market can be bifurcated into software and services. The software segment comprises on-premise and cloud-based warehouse management systems. In 2015, on-premise WMS accounted for the maximum revenue share of the warehouse management software market at around 77%.

Based on services, the WMS market is segmented into consulting, system integration, and operations and maintenance. In 2015, the operation and maintenance segment held a higher revenue share compared to the rest and is also expected to expand at a significant CAGR during the forecast period.

Make an Enquiry @

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3004

In terms of revenue, Europe was the leading regional market for warehouse management systems, accounting for around 43% of revenue share in 2015. The region is expected to retain its dominance in the WMS market throughout the forecast period. This market is primarily driven by the role of third-party logistics.

Asia Pacific also plays a key role in the development of the global warehouse management systems market. The WMS market in Asia Pacific is growing at a rapid pace.

The major factor fuelling these markets is the rising adoption of WMS solutions in retail applications in countries such as Saudi Arabia, Israel, the UAE, and Turkey, where the e-commerce market is expanding substantially.

Some of the prominent players in the global warehouse management systems market are HighJump Software, Tecsys, Inc., Infor Inc., JDA Software Group, Inc., LogFire Inc., Made4net LLC, Manhattan Associates Inc., Oracle Corporation, Reply, SAP SE, Softeon, Inc., and Synergy Logistics Ltd.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com

Designed by CyFocus.com
Powered by CyFocus.net