The warehouse management system market is expected to grow from US$ 14,517.07 million in 2022 to US$ 51,360.23 million by 2030; it is estimated to register a CAGR of 17.3% from 2023 to 2030.
Many enterprises are introducing robotics technology to improve the management of inventory, especially after the onset of the COVID-19 pandemic. The implementation of robotics technology reduces labor costs, provides more efficient and accurate process flow, and robots can work 24x7 at the same cost. In addition, robotics technology integrated with artificial intelligence (AI) and the Internet of Things (IoT) helped enterprises improve warehouse automation. With the integration of robotics technology and warehouse management system, robots are fed the inventory data, which helps them perform accurate and efficient warehouse operations. Such benefits are fueling the warehouse management system market growth.
Warehouses are incorporating robots to perform simple and repetitive tasks, especially in industries such as manufacturing and retail & e-commerce. Due to shifting consumer preferences during the COVID-19 pandemic, warehouses across all sizes increasingly adopted automation to maintain social distancing and reduce the number of staff that works from the facility. In addition, robots are widely used to perform tasks for workers such as measuring temperatures and administering hand sanitizer. Many logistics experts have also shifted their manual operations to automation. Warehouse robotics technology is rapidly advancing; for instance, robots can navigate the warehouse autonomously. In addition to bulk transport of goods, robots can pick, pack, and palletize items, which simplifies warehouse-related processes. Moreover, the rising popularity of e-commerce has accelerated the demand for robots across WMS. With the growing number of online orders and rising demand for faster shipping, warehouses and fulfillment centers are leveraging robotic systems to improve order completion and better manage inventory. The demand for robot hardware systems is growing, which helps reduce the time and resources spent on retrieving and transporting items around the warehouse floor. The system allows workers to concentrate on more complicated processes such as packing and shipping orders.
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Warehouse Management System Market: Strategic Insights
Market Size Value in US$ 14,517.07 million in 2022 Market Size Value by US$ 51,360.23 million by 2030 Growth rate CAGR of 17.3% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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Warehouse Management System Market: Strategic Insights
| Market Size Value in | US$ 14,517.07 million in 2022 |
| Market Size Value by | US$ 51,360.23 million by 2030 |
| Growth rate | CAGR of 17.3% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Europe Warehouse Management System Market Growth
In Europe, the timing and the degree of response by different countries to the COVID-19 pandemic, followed by gradually restarting economies, resulted in an adverse impact on the warehouse management system market in the region. Prominent European warehouse management system market players suffered a significant downturn in revenue forecasts as the supply chain was disrupted due to import and export restrictions. In addition, the shutdown of manufacturing and production in commercial spaces, especially during the initial phase of the pandemic, negatively impacted the market in the region. Several verticals, such as manufacturing, retail, e-commerce, and automotive, are adopting WMS offerings as consumers quickly migrate to internet platforms. In addition, there is a rise in demand for online food and beverages, essentials, and prescriptions—increasing the requirement for warehousing.
Several major firms are opening warehouses in several countries to accommodate the rising demand for WMS solutions. As a result, WMS is becoming more popular in e-commerce and third-party logistics companies. E-commerce behemoths such as Amazon, Asos, and eBay are projected to continue driving the demand for WMS as they establish new facilities throughout the region. Additionally, the situation is improving owing to the decline in COVID-19 cases in the area, and the market is picking up speed and will expand throughout the projection period. Therefore, the warehouse management system market growth is estimated to rise substantially post-COVID-19.
Lucrative Regions for Warehouse Management System Market
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Market Insights – Warehouse Management System Market
Evolving Global Supply Chain Networks
The cause-and-effect situation in a supply chain network is relatively straightforward. Organizations have more geographic distribution within their warehouse network, adding a layer of complexity regarding management. Managing a supply chain across borders also introduces regulatory and localization complexity that must be dealt with, as users in different countries use the same underlying systems to get the job done. Moreover, WMS plays a critical role in helping organizations deal with the added logistical burden of globalization. Leading WMS solutions can take this to another level through specialized data collection and integration tools. In January 2023, Crave InfoTech launched a new product for extended warehouse management (EWM) called cEWM, which is built using SAP BTP. It is a cross-platform that streamlines warehouse processes, whether online or offline. The traditional Internet-ported apps used in warehouses often lose connectivity and with it, all the process data, thereby becoming a bottleneck for the overall supply chain. Crave InfoTech's cEWM app addresses these challenges and works efficiently offline or online, irrespective of mid-process disconnection. Furthermore, supply chain management aims to maintain an uninterrupted flow of goods, from collecting raw materials to manufacturing to distributing the final product.
Component-Based Insights – Warehouse Management System Market
Based on component, the warehouse management system market size is segmented into hardware, software, and services. The hardware segment accounted for the largest share of the market in 2022.
The hardware components in the WMS optimize warehouse workflow by analyzing the best use of floor space based on the task and material characteristics. A warehouse can lower operating expenses by considering the best locations to store products and materials or equipment. Implementation of hardware systems enables core capabilities and features such as stock locating, task interleaving, wave planning, order allocation, inventory management, cycle counting, picking, replenishment, packing, shipping, labor management, and automated materials handling equipment (MHE) interfaces. The emergence of the COVID-19 pandemic has accelerated progress toward automation, and even with a spike in unemployment rates, warehouse operations were automated to meet the growing demand from customers.
The warehouse management system market is segmented based on component, tier type, industry, and geography. Based on component, the market is segmented into hardware, software, and services. Based on tier type, the market is segmented into advance (tier 1), intermediate (tier 2), and basic (tier 3). Based on industry, the warehouse management system market is segmented into manufacturing, automotive, food & beverages, electrical & electronics, healthcare, retail and e-commerce, and others.
Based on geography, the warehouse management system market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, APAC held the largest warehouse management system market share and is expected to retain its dominance during the forecast period. The region is also expected to register the highest CAGR in the global warehouse management system market during the forecast period.
International Business Machines Corp, SAP SE, Epicor Software Corp, Softeon Inc, Oracle Corp, Panasonic Holdings Corp, Infor Inc, Manhattan Associates Inc, PTC Inc, and Tecsys Inc are among the key warehouse management system market players.
The warehouse management system market players focus on developing advanced and efficient systems. For instance:
- In 2023, Tecsys announced how its warehouse-in-a-warehouse e-commerce fulfillment solution enables retailers and brands to execute e-commerce fulfillment flawlessly while leaving existing wholesale and distribution models and legacy systems intact.
- In 2022, Infor, the industry cloud company, announced that Mooneh, a third-party logistics storage and distribution provider operating for leading international pharmaceutical corporations, deployed Infor WMS (warehouse management system). In addition to establishing an efficient and effective warehouse operation, the solution delivers full inventory traceability. SNS, a leading supply chain consultancy and software implementation provider, successfully delivered the project.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Tier Type, Industry, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The key driving factors impacting warehouse management system market growth includes:
1. Migration to Cloud-Based WMS
2. E-Commerce Industry Growth
3. Global Supply Chain Networks
The key players of warehouse management system market are encompassed with International Business Machines Corp, SAP SE, Epicor Software Corp, Softeon Inc, Oracle Corp, Panasonic Holdings Corp, Infor Inc, Manhattan Associates Inc, PTC Inc, and Tecsys Inc.
The global warehouse management system market was valued at US$ 14,517.07 Mn in 2022
APAC is the fastest-growing regional market in the global warehouse management system market between 2023-2030.
The US, UK, Rest of APAC, Saudi Arabia, and Rest of SAM are the countries registering high growth rate during the forecast period.
The hardware segment led the global warehouse management system market in 2022.
The List of Companies - Warehouse Management System Market
- Panasonic Corporation
- IBM Corporation
- SAP SE
- Epicor Software Corporation
- Softeon
- Infor
- Manhattan Associates
- PTC Inc.
- Tecsys, Inc.
- Oracle Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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