Warehouse Execution System Market 2024: Growth, Size, Segmentation And Opportunity Assessment


Posted April 24, 2024 by SushmithaTBRC

The warehouse execution system market size is expected to see rapid growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%.

 
Overview and Scope
The warehouse execution system refers to a software application that optimizes facility management that integrates with a warehouse management system (WMS), an enterprise resource planning system (ERP) to manage and direct physical work processes. The warehouse execution system is used to maximize productivity, optimize inventory, increase accuracy, and improve safety.

Sizing and Forecast
The warehouse execution system market size has grown rapidly in recent years. It will grow from $1.79 billion in 2024 to $2.02 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to pilot projects and success stories, industry-specific requirements, focus on real-time visibility, labor shortages and cost pressures, customer expectations..

The warehouse execution system market size is expected to see rapid growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to cross-industry adoption, data analytics, focus on sustainability, customer-centric fulfillment, demand for operational efficiency.. Major trends in the forecast period include automation and robotics integration, ai and machine learning implementation, multi-channel fulfillment, cloud-based solutions, dynamic slotting and inventory optimization..

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Segmentation & Regional Insights
The warehouse execution system market covered in this report is segmented –
1) By Component: Software, Service
2) By Deployment: On-Premises, Cloud
3) By End User: Consumer Electronics, Healthcare, Food And Beverages, Automotive, Third-Party Logistics (3PL), Other End Users

Western Europe was the largest region in the warehouse execution system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the warehouse execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising growth of the e-commerce sector owing to the pandemic propels the growth of the warehouse execution system market. E-commerce (electronic commerce) refers to the purchasing and selling of goods and services, along with the transmission of payments and data, over an electronic network, primarily on the internet. A warehouse execution system helps E-commerce by managing, optimizing, and directing the physical work processes such as picking, receiving, and replenishment in a warehouse or distribution center. For instance, according to the US Department of Commerce, the executive department of the U.S. federal government, concerned with economic growth and opportunity, in the first quarter of 2022, retail e-commerce sales increased by 2.4 % as compared to the first quarter of the previous year, 2021, which was valued at $250.0 billion. Therefore, the rising growth of the e-commerce sector owing to the pandemic is driving the warehouse execution system market growth.

Key Industry Players
Major companies operating in the warehouse execution system market report are Softeon, SSI SCHAEFER - Fritz Schaefer GmbH, Fortna Inc., Invata Intralogistics, Tompkins International Inc., Manhattan Associates Inc., Blue Yonder Group Inc., Körber AG, Oracle Corporation, SAP SE, Matthews Automation Solutions, Bastian Solutions LLC, Honeywell International Inc., Toyota Material Handling, VARGO Integrated Systems Inc., Westfalia Technologies Inc., Parametric Technology Corporation, Swisslog, Dematic, Mantis, Inther Group, Transportgeräte Wels Logistics Group, viastore SYSTEMS, Knapp AG, KION Group, Vanderlande Industries, Beumer Group GmbH & Co. KG, Interroll Holding AG, Daifuku Co. Ltd., Murata Machinery Ltd., GreyOrange

The warehouse execution system market report table of contents includes:
1. Executive Summary
2. Warehouse Execution System Market Characteristics
3. Warehouse Execution System Market Trends And Strategies
4. Warehouse Execution System Market - Macro Economic Scenario
5. Global Warehouse Execution System Market Size and Growth


.....

31. Global Warehouse Execution System Market Competitive Benchmarking
32. Global Warehouse Execution System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Warehouse Execution System Market
34. Warehouse Execution System Market Future Outlook and Potential Analysis
35. Appendix

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Last Updated April 24, 2024