A warehouse management system (WMS) can be defined as a software application that enables the everyday operations in a warehouse. The warehouse management system programs support the centralized tasks management such as pursuing inventory levels as well as stock locations. The software also helps in the management of their daily planning, directing, organizing, staffing as well as controlling the usage of available resources, to transfer and store materials into, within, and out of a warehouse, and also helping staff in the enactment of material movement as well as storage in and around a warehouse.
The various warehouse management solutions are primarily tactical tools that are purchased as well as utilized by businesses in order to fulfill the exclusive customer demand requirements of their supply chain(s) and distribution channel(s), when the inventory and workload is more than the amount that can be manually handled with spreadsheets. The inspiration to obtain these solutions usually comes from need to enable sales growth or improve performance, and seldom both.
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The global warehouse management system market can be classified based on components, application, and region. On the basis of component, the global warehouse management system market is classified into software and service. Depending upon application, it is segmented into 3PL, electronics, retail, pharmaceutical, food and beverages/ grocery, and others.
Among the market segments, the on-cloud segment is expected to command a large share of the crew management system market during the future years owing to the increasing impact of cloud computing technology on daily life. Large number of airlines is adjusting to the cloud technology to attain ease of operations as well as excellence in client servicing. Based on device, the tablet segment of the crew management system market is anticipated to grow at the swiftest rate during the future years. The introduction of tablets and their usage for cabin crew in order to decrease complicated paper-based/manual operations in conducting their day-to-day functions like meal distribution and passenger management conditions is propelling the growth of this market segment.
The global warehouse management system market is expected to garner maximum revenue in the forecast period. Factors such as the rampant development of digital technology leading to the high adoption rate of warehouse management systems (WMS) in various applications, cost ownership advantages, growth of e-commerce, labor efficiency, and supply chain platform integration are expected to fuel the growth of warehouse management systems market. However, factors such as high costs required for the deployment of WMS solutions and dominance of ERP vendors have hampered the market growth to some extent..
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Based on regions, the global warehouse management system market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the warehouse management system market during the forecast period. Factors such as the presence of large companies with global warehousing and distribution operations and highly developed third-party logistics (3PL) network are fuelling the market growth.
The Asia-Pacific region is expected to witness the swiftest growth in the warehouse management system market. Factors such as the development of the e-commerce industry and increased importance on domestic production by emerging countries such as China and India. in the region is expected to fuel the warehouse management system market during the forecast period.
The major companies that provide warehouse management system include SAP AG, HighJump Software Inc., HAL Systems Corp., AGI Wolrdwide Inc., Softeon Inc., RedPrairie Corp., Asgard Software Inc., Oracle Corp., Automation Associates Inc., Advanced Systems Consultants Inc., Cadre Technologies Inc., Manhattan Associates Inc., Deposco Inc., Logitity Inc., BFC Software Inc., and Infor Inc.
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