Warehouse Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Warehouse Management Systems Market (Component - Software and Services;
Software - On-premise and Cloud; On-premise - Labor Management Systems,
Analytics and Optimization; Cloud - Labor Management Systems, Analytics and
Optimization; Services - Consulting, System Integration, and Operations and
Maintenance; Application - Retail, Electronics, Food and Beverage,
Pharmaceutical, 3PL) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
In 2015, SAP SE and Oracle Corporation jointly accounted for a share of just under 40% in the global
warehouse management systems (WMS) market, signaling the high degree of consolidation in this market.
Transparency Market Research finds that most companies have been engaged in geographical expansions
into emerging markets, especially across Latin America and Asia Pacific, in order to strengthen their
foothold in the WMS market.
“WMS players from the developed markets of North America are expanding their operations in emerging
markets such as India, Brazil, China, Indonesia, and several European countries, which have been
experiencing high growth in the retail applications of warehouse management systems,” the author of the
study states.
For instance, in September 2015, Canada-based Tecsys, Inc. expanded its presence in the European market
by starting operations in the U.K., Italy, France, Germany, Spain, and Portugal.
The opportunity in the global warehouse management systems market was worth US$1.2 bn in 2015 and
is expected to be worth US$4.1 bn by 2024, expanding at a strong 14.1% CAGR from therein.
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Warehouse Management Systems Used Extensively in Third-party Logistics
Accounting for a share of just over 58% in 2015, services formed the leading component segment in the
overall warehouse management systems market. At a 15.1% CAGR from 2016 to 2024, this segment is
also projected to witness a growth rate higher than the software segment. Between on-premise and cloudbased
warehouse management systems, the former accounted for a share of around 77% in 2015. However,
cloud-based WMS are likely to witness immense growth during the course of the forecast period.

Based on application, third-party logistics held the leading share in the WMS market in 2015, while the
pharmaceutical segment is projected to register a high CAGR from 2016 to 2024. Geographically, Europe
held a 43% share in the total revenue generated by the global warehouse management systems market in
2015, generating US$560.7 mn that year. On the other hand, Asia Pacific will register a 17.2% CAGR
during the course of the forecast period, emerging as an immensely lucrative regional segment in the warehouse
management systems market.
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Systems Market. Browse to unlock the hidden opportunities in this market@
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Changing Retail Scenario in APAC a Key Demand Driver
Globalization and the rising demand for advanced warehouse management solutions in the emerging markets
of Asia Pacific is one of the key factors fueling the demand for warehouse management systems.
“Rising urbanization and the consequent increase in per capita income have brought about a remarkable
transformation in the retail sector in the region,” the lead analyst states.
Consumers have been increasingly inclined toward online shopping owing to the vast benefits the platform
presents, owing to which, the very structure of the retail sector has evolved. Trying to meet the growing

consumer demand and the resultant tackling challenges of capacity and capability has significantly boosted
the demand for warehouse management systems worldwide.
“However, even with the time and cost saving features of WMS, factors such as high initial investment
cost and the lack of ICT infrastructure in many countries are likely to curtail the growth of the warehouse
management systems market,” the author of the study predicts.
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