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$4.8 Billion Warehouse Management System Market - Global Forecast to 2024 - ResearchAndMarkets.com

[September 24, 2018]

$4.8 Billion Warehouse Management System Market - Global Forecast to 2024 - ResearchAndMarkets.com

The "Warehouse Management System Market by Offering (Software, Services), Deployment (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic), Industry (3PL, Automotive, Food & Beverages, E-Commerce), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The warehouse management system (WMS) market was valued at USD 2.06 billion in 2018 and is expected to reach USD 4.82 billion by 2024, at a CAGR of 15.2% between 2018 and 2024.

The growth of this market can be attributed to the growth in the e-commerce industry, emerging multichannel distribution channels, globalization of supply chain networks, increased adoption of on-cloud WMS solutions, and rising need for efficient forecasting models. However, factors such as data privacy and security concerns, and high implementation costs of on-premise warehouse management systems for SMEs are restraining market growth.

The market for on-cloud deployment is expected to grow at a high rate from 2018 to 2024. Key factors driving the growth of this market include the rising adoption of cloud services in the manufacturing and logistics indusries, along with increased reliability of users on cloud companies. Benefits such as faster implementation, lower up front installation and hardware costs, and faster return on investment are among the major factors driving the growth of the market for on-cloud deployment of warehouse management systems.

The warehouse management system market for services is likely to grow at the highest rate from 2018 to 2024. Need for increased efficiency, constant upgrades to ensure data security, and improved operations of WMS software are the major factors boosting the demand for WMS services. Services offered by WMS vendors include consulting and installation, testing, maintenance, training, and software upgrades.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Hardware Components Integrated With Warehouse Management Systems

7 Warehouse Management System Market, By Offering

8 Warehouse Management System Market, By Deployment

9 Warehouse Management System Market, By Tier Type

10 Functions of Warehouse Management Systems

11 Warehouse Management System Market, By Industry