Chicago, July 11 2022 (GLOBE NEWSWIRE) — According to MarketsandMarkets™, the global warehouse management systems (WMS) market size is expected to grow from USD 2.8 billion in 2021 to USD 6.1 billion by 2026, with a CAGR by 16.7%. Emerging economies mainly contribute to the growth of the industry. New manufacturing units are now being set up in developing countries due to the ease of trade standards and policies and the availability of cheap labor. Increasing investment in these countries by global multinationals is also a key driver for the growth of the WMS market.
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Deployment-based, on-premises deployment held a larger share of the WMS market in 2020. The benefits offered by on-premises WMS include an increased degree of control over the servers and software installed on-site, enhanced security, and improved performance. On-premises WMS solutions are less dependent on the internet and can be easily customized. However, there is a high cost associated with implementing an on-premises WMS, as operators must own all of the associated hardware components, as well as the supporting software licenses needed to power the WMS. APAC is a huge potential market as multinational companies have started setting up warehouses in this region. Hence, there is an increased need for inventory management, which is driving the growth of the on-premises WMS market.
Major players operating in the warehouse management system market include
- Manhattan Associates, Inc. (USA),
- Blue Yonder Group, Inc. (USA),
- high jump (USA),
- Oracle Corporation (USA) and
- SAP (Germany).
Top 3 Warehouse Management Systems Market Players:
Manhattan Associates, Inc.
Manhattan Associates, Inc. develops, sells and deploys advanced supply chain software solutions worldwide. The company sells its software licenses, services and hardware products in three regions, namely Americas, EMEA and APAC. Manhattan Associates, Inc. provides its supply chain software and WMS software solutions to various industries, including fashion retail; groceries, food and beverages; manufacturing; medical and pharmaceutical; detail; wholesale; manufacturing; and third party logistics.
Blue Yonder Group, Inc.
Panasonic acquired Blue Yonder Group, Inc. in September 2021. JDA Software changed its name to Blue Yonder Group, Inc. in February 2020. Blue Yonder Group, Inc. is a leading provider of integrated retail services end to end. , multi-channel, and supply chain planning and execution solutions. The Company’s product offerings are classified into three categories: luminaire planning, luminaire retail and luminaire logistics. Blue Yonder Group, Inc. offers its solutions in the following product portfolios: Lighting Planning, Lighting Logistics, and Omnichannel Commerce.
High jump (Körber)
HighJump (Körber) develops advanced supply chain solutions, including a suite of warehouse management, business integration, transportation management and retail solutions. In August 2017, HighJump was acquired by Körber, which acts as HighJump’s strategic and financial partner. Its software solutions have applications in industries including automotive and aerospace, food distribution and processing, retail, consumer packaged goods, beverages, craft brewing, health and wellness. -be, third-party logistics and wineries.
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“APAC Warehouse Management Systems Market to Grow at Highest CAGR”
APAC is the fastest growing market for warehouse management systems. The growth of the market in this region can be attributed to the tremendous growth of e-commerce and manufacturing industries in emerging economies such as China, India, and Indonesia. China is a key contributor to the growth of the WMS market in APAC due to its huge industrial and manufacturing sector. India is one of the fastest growing markets for WMS in APAC.
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