Portland, OR, June 16, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Warehouse Management Systems Market was estimated to reach $2.4 billion in 2020 and is projected to reach $10.6 billion by 2030, registering a CAGR of 16.3% from 2021 to 2030. The report provides an in-depth analysis of the main pockets of investment, best winning strategies, drivers and opportunities, market size and estimates, competitive scenario and varying market trends.
Advances in industrial-grade digital technology, growth in e-commerce, and growing demand for improved supply chain and customer relationship management are driving the growth of the warehouse management system market. However, costly deployment of WMS solutions, lack of process standardization in distribution, and insufficient awareness of WMS among small industries are hampering the growth of the market. Additionally, the need for vendors to achieve greater efficiency and productivity provides a lucrative opportunity for the growth of the WMS market.
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- The COVID-19 outbreak has created significant turmoil across most industries around the world. While few companies have faced a reduction in business operations, others have faced severe consequences such as business closures.
- However, the pandemic has had a positive impact on the growth of the warehouse management system market as the implementation of measures such as lockdowns and social distancing has led consumers to opt for online shopping, thus increasing the demand for warehousing and WMS technologies.
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The global warehouse management systems market is analyzed on various segments such as deployment model, component type, user type, industry vertical, and region.
Based on the deployment model, the on-premises segment took the major share in 2020, garnering almost three-fifths of the global market warehouse management systems industry, and is likely to lead the trail until 2030. However, the cloud-based segment is expected to grow at the fastest CAGR of 18.7% during the forecast period.
Based on component type, the software segment held the major share of more than three-fifths of the global market in 2020 and is expected to maintain its leading status throughout the forecast period. However, the services segment is expected to show the fastest CAGR of 18.7% in 2030.
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By region, North America held more than two-fifths of the market share in 2020 and is expected to maintain its dominance through 2030. The Asia-Pacific region, on the other hand, is expected to experience the fastest growth at 20.7% until 2030.
Major market players analyzed in the report are HighJump Software Inc. (Korber), IBM Corporation, Infor Inc., Jda Software Group, Inc. (Blue Yonder Group, Inc.), Manhattan Associates, Inc., Oracle Corporation, PSI Logistics. , SAP SE, Softeon, Inc. and Tecsys, Inc.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.