Warehouse Management Systems Market Analysis Highlights the Impact of COVID-19 2020-2024 | Growth of E-Commerce Industry to Boost the Market Growth | Technavio
Technavio has been monitoring the warehouse management systems market and it is poised to grow by USD 1.21 billion during 2020-2024, progressing at a CAGR of 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Warehouse Management Systems Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Frequently Asked Questions-
1. What are the common deployment methods of warehouse management systems?
A. Cloud-based and On-premises
A. The year-over-year growth for 2020 is estimated at 8.45% and the incremental growth of the market is anticipated to be USD 1.21 billion during the forecast period.
A. The North American region will account for the highest share.
A. Growth of the e-commerce industry is one of the key factors driving the market.
A. Blue Yonder Group Inc., Epicor Software Corp., HighJump Software Inc., Infor Inc., International Business Machines Corp., Manhattan Associates Inc., Oracle (News - Alert) Corp., Reply Spa, SAP SE, and Tecsys Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growth of the e-commerce industry has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Warehouse Management Systems Market 2020-2024: Segmentation
Warehouse Management Systems Market is segmented as below:
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Warehouse Management Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The warehouse management systems market report covers the following areas:
This study identifies the globalization of supply chain networks as one of the prime reasons driving the warehouse management systems market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Warehouse Management Systems Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Deployment
Volume Driver - Demand led growth
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