Warehouse management systems
[edit] Introduction
The warehouse management system (WMS) market is expected to garner $3,112 million by 2022, growing at a CAGR of 15.2% during the period 2016-2022. This can be attributed to the increase in inventory and workload of WMS in warehouse operations. Europe is expected to be the largest market during the forecast period.
WMS reduces delivery lead times and errors while processing orders.
By component type, software held the highest marketshare in 2015, and services is anticipated to show the highest growth rate. Among the various industry sectors, transportation and logistics is projected to dominate the market. However, pharmaceuticals is expected to have the fastest growth rate.
Asia-Pacific is expected to grow fastest due to increase in the adoption of WMS services and extensive growth in Japan, China, Australia, and India.
[edit] Key findings
- Software is expected to exhibit a significant growth due to growth in adoption of this technology in the logistics industry.
- Transportation and logistics industry generated the highest revenue among other industry verticals due to increasing adoption of WMS.
- Europe is projected to exhibit a substantial growth during the forecast period.
- Several industry players adopt partnership and product launch as their key strategies to offer innovative products and services and solutions to attain a higher market share.
- The dominant players include Oracle Corporation, SAP SE, Infor Inc., and Manhattan Associates Inc., and others.
- Suppliers seek greater efficiency and productivity, which strengthens the supplier-customer relationships, and is a notable driver for the WMS market.
[edit] Related articles on Designing Buildings Wiki
- Call-off contract.
- Construction buyer.
- Construction consolidation centre (CCC).
- Construction inventory management.
- Construction logistics manager.
- How to manage construction plant.
- Lean construction.
- Logistics.
- Materials on site.
- Off site materials.
- Planned preventive maintenance.
- Prefabrication.
- Resource management.
- Site storage.
- Supply chain management.
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