Global Warehouse Management Systems Market: Snapshot

The emergence of digital technology and expanding application of WMS has led to increased adoption of warehouse management systems. The market for warehouse management systems (WMS) is anticipated to expand at a revenue CAGR of 14.1% during the forecast period from 2017 to 2025. The global warehouse management systems market was valued at US$ 1,447.1 Mn in 2016. Warehouse management system (WMS) provides optimization, monitoring and control of complex warehouse and distribution activities such as yard management, dock scheduling, order management, labor management, inventory management, and others in an efficient manner. Hence, growing e-commerce industry and the subsequent adoption of WMS in this sector is expected to drive the warehouse management systems market. Another significant factor supporting the growth of warehouse management systems market is the increasing adoption of BYOD in various industries such as retail, 3PL, health care, and manufacturing among others. This has led to an increasing demand for cloud based warehouse management systems, subsequently driving the warehouse management systems market.

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Growing Adoption of BYOD in Various Industries to Fuel Warehouse Management Systems Market

Rapid development of digital technology has resulted in faster adoption of warehouse management systems (WMS) in various applications. WMS helps in optimizing, controlling, and monitoring various distribution activities such as dock scheduling, labor management, yard management, and inventory and order management. Thus, increasing e-commerce industry, growing demand for omni-channel fulfillment, and rising WMS add-on module sales are factors driving the global warehouse management systems market. Along with these, rising adoption of BYOD (Bring Your Own Device) in various industries such as manufacturing, health care, retail, and 3PL is fueling demand for cloud based warehouse management systems, which in turn boosting the global warehouse management systems market.

Warehouse management systems are extensively adopted in electronics, pharmaceutical, food and beverage, third party logistics, home improvement, and book publishing. Warehouse management can be provided as a service by third-party supplier, which is outsourced by WMS providers. A cloud based computing system helps in hosting the software. Outsourcing this software or service from third party helps the clients in focusing on their core business operations. Furthermore, rising adoption of the latest technologies such as cloud, and increasing disposable incomes are propelling the global warehouse management systems market.

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