According to a new market report published by Transparency Market Research entitled “Warehouse
Management Systems Market (Component – Software and Services; Software – On-premise and
Cloud; On-premise – Labor Management Systems, Analytics and Optimization, and Others; Cloud –
Labor Management Systems, Analytics and Optimization, and Others; Services – Consulting,
System Integration, and Operations and Maintenance; Application – Retail, Electronics, Food and
Beverage, Pharmaceutical, 3PL, and Others) – Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2017 – 2027,” the global warehouse management systems market was worth US$
2,114.0 Mn in 2019 and is expected to reach US$ 6,184.3 Mn by 2027, expanding at a CAGR
of 14.4% from 2019 to 2027.
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The global market for warehouse management systems is driven by technological developments,
rising adoption of cloud based warehouse management systems, increased demand from the health
care and retail sectors, and strong demand from the Asia Pacific region. The expanding application
areas of warehouse management systems along with improved functionality is also generating high
demand for warehouse management systems specifically in Europe and the North America region.
On the other hand, the warehouse management systems market is hampered by requirement of
high initial investment cost for the deployment of on-premise WMS system and lack of ICT
infrastructure and system scalability. However, the growing demand for cloud based WMS to reduce
operational cost and growing e-commerce market is anticipated to present several growth
opportunities over the forecast period.
On the basis of component, the market is segmented into software and service. The software
segment further based on the deployment type covers, on-premise and cloud based software.
Further, on-premise and cloud based software segments are each categorized into labor