Warehouse Management Systems Market Size is estimated to grow to about USD 7.52 billion by 2028

The global?warehouse management systems market size?was worth around?USD 2.79 billion in 2021?and is estimated to grow to?about USD 7.52 billion by 2028, with a compound annual growth rate?(CAGR) of approximately 15.5 %?over the forecast period. Major players operating in the global warehouse management systems market include Infor Inc, Tecsys Inc, SAP SE, Oracle Corporation, HighJump Software Inc, Interlink Technologies, Softeon Inc, Logfire, Inc, Manhattan Associates Inc, and Jda Software Group Inc

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Warehouse Management Systems Market Recent Developments

• Manhattan Associates introduced a unique Manhattan Active warehouse management solution in May 2020, a cloud-based enterprise-level warehouse management system that integrates all aspects of distribution and never has to be upgraded.
• In August 2021, Lucas Systems, the largest provider of voice and warehouse optimization software for shipping and distribution facilities, revealed a collaboration with Fetch Robotics, located in Silicon Valley, to empower the next generation of smart warehouses.

The Global Warehouse Management Systems market is segmented as follows:

By Offering

• Software
• Services

By Tier Type

• Advanced WMS (Tier 1)
• Intermediate WMS (Tier 2)
• Basic WMS (Tier 3)

By Industry

• Third-Party Logistics (3PL)
• Automotive
• Food & Beverages
• Healthcare
• E-commerce
• Chemicals
• Electricals & Electronics
• Metals & Machinery
• Others

Global Warehouse Management Systems Market: Opportunities

The advent of the modern cloud-based warehouse management system

Disrupting supplier markets, changing customer buying behaviors, and increasing supply chain complexity are examples of such operations that must respond to the changes with their own digitally linked solutions. Digital technology and the internet have revolutionized warehouse management platforms. It has changed the customer's purchasing behavior. Moving warehouse management systems to the cloud will allow them to link consumers with a connected fulfillment solution that provides real-time scalability, visibility, and market responsiveness.

The report analyzes the warehouse management systems market’s size, drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the warehouse management systems market.

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