Global Warehouse Management System is software that assists businesses in managing and controlling day-to-day warehouse operations from the point at which goods and materials enter a distribution or fulfillment center to the point at which they depart. Furthermore, WMS software systems provide real-time visibility into a company’s complete inventory, both in transit and at warehouses, and are a crucial part of supply chain management. Additionally, a WMS also provides solutions for resource utilization, analytics, picking and packing procedures, inventory management, and more. Furthermore, Robust growth in the e-commerce industry and increased demand for cloud WMS solutions are driving the growth of the market. In addition, surge in the adoption of multichannel distribution networks is fueling the growth of the Warehouse Management System Market.
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Depending on the user type, the large enterprise segment dominated the warehouse management system market share in 2021 and is expected to continue this trend during the forecast period, owing to the increase in dependence on warehouse management solutions due to increasing demand from consumers is expanding quickly and manufacturers supply chains are evolving, particularly in the transport and logistics and retail sectors. However, the SMEs segment is expected to witness the highest growth rate in the warehouse management system market analysis, owing to the increase in investments by the market players to develop security cloud services for SMEs.
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Region-wise, the warehouse management system market was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the rising demand for cloud-based services as it offers a low upfront cost and enables faster implementation in warehouses, and government initiatives promoting digitization and automation aiding the growth of the warehouse market.
The global warehouse management system market is dominated by key players such as Blue Yonder Group, Inc., HighJump Software, Inc.(koeber), IBM Corporation, Infor Inc., Manhattan Associates, Inc., Oracle Corporation, PSI Logistic (PSI AG), SAP SE, Softeon, Inc., and Tecsys, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in warehouse management system industry.
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Key findings of the study :
- By deployment model, the cloud-based segment accounted for the largest warehouse management system market share in 2021.
- Region-wise, North America generated the highest revenue in 2021.
- On the basis of user type, the large enterprise segment generated the highest revenue in 2021.
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