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Warehouse Management System Market Worth 3.23 Billion USD by 2023


News provided by

MarketsandMarkets

30 May, 2017, 15:00 GMT

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PUNE, India, May 30, 2017 /PRNewswire/ --

The report "Warehouse Management System Market by Component (Software, Services), Implementation (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic), Industry (Automotive, Food & Beverages, Healthcare, E-Commerce), and Region - Global Forecast to 2023", published by MarketsandMarkets™ , the warehouse management system market was valued at USD 1.32 Billion in 2016 and is projected to reach USD 3.23 Billion by 2023, at a CAGR of 14.1% between 2017 and 2023.

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Browse 38 market data tables and 60 figures spread through 183 pages and in-depth TOC on "Warehouse Management System Market"

http://www.marketsandmarkets.com/Market-Reports/warehouse-management-system-market-41614951.html

Early buyers will receive 10% customization on this report.

Factors anticipated to drive the growth of the market include emergence of multi-channel distribution networks, growth of the e-commerce industry, increased adoption of on-cloud WMS solutions, and globalization of supply chain networks.

"The software segment accounted for the largest share of the warehouse management system market" 

Based on component, the software segment is expected to lead the warehouse management system market between 2017 and 2023. In a dynamic supply chain ecosystem, warehouse operating companies have realized the importance of WMS software, as this software accurately manages their inventory. Therefore, increasing awareness of WMS software among small and medium-sized enterprises (SMEs) and the growing adoption of cloud-based WMS software solutions are key factors driving the demand for WMS software.

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"The food & beverages industry segment is anticipated to grow at the highest CAGR between 2017 and 2023" 

The food & beverages industry segment of the warehouse management system market is expected to grow at the highest CAGR between 2017 and 2023. Factors such as the need for automated and hygienic handling of food items, enhanced traceability of food items, and increased sale of packaged food products are propelling the implementation of WMS solutions in the warehousing facilities of food & beverages companies.

"North America expected to lead the warehouse management system market between 2017 and 2023" 

North America is one of the key growth regions in the warehouse management system market. Increased adoption of cloud technology, growth of the e-commerce industry, highly developed warehousing infrastructure, and extensive third-party distribution network are influencing the growth of the warehouse management system market in North America. In addition, the presence of established manufacturing companies in the U.S., Canada, and Mexico are further contributing to the growth of this market.

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Key players operating in the warehouse management system market include Epicor Software Corp. (US), JDA Software Group, Inc. (US), Manhattan Associates, Inc. (US), Oracle Corp. (US), SAP SE (Germany), IBM Corp. (US), Infor, Inc. (US), PTC Inc. (US), PSI AG (Germany), TECSYS Inc. (Canada), BluJay Solutions (UK), and HighJump (US).

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http://www.marketsandmarkets.com/Market-Reports/warehouse-robotic-market-128876258.html

Material Handling Equipment Market by Product Type (AGV, ASRS, Automated Crane, Robotic System, Automated Conveyor and Sortation System), System Type, Software and Service, Operation, Application, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/automated-material-handling-manufacturing-market-92483121.html

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About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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