Warehouse Management System Industry Growth and Forecast Report, 2030

NEW YORK - Aug. 27, 2024 - PRLog -- The warehouse management system market will generate an estimated revenue of USD 4,127.3 million in 2024 and witness a CAGR of 16.4% during 2024–2030, to reach USD 10,279.3 million by 2030.

The market is emerging due to increased demand for cloud and mobile-enabled WMS, technologies embedded with the latest innovative advancements with an increasing emphasis on sustainable solutions. This makes it suitable in areas such as fleet management, transport and procurement, and maintenance of stored medical products.

In this context, the supply chain has hitherto comprised several tightly choreographed yet highly individualistic and self-contained phases in the context of the enterprise, namely, planning and demand management, sourcing of supplies, production scheduling, inventory control, materials transport, and delivery to the final customer.

Integration of digital technologies in the supply chain reduces the loss of time as the entire activities involved are automated and the decision-making process gains strength and solidity. Challenges and mistakes are also detected and rectified as well without much struggle or when they have not reached alarming bad levels.

Browse detailed report analysis on Warehouse Management System Market Growth Report, 2030 (https://www.psmarketresearch.com/market-analysis/warehous...)

Key Insights

• The analytics and optimization category are the largest and fastest-growing segment, with a CAGR of 16.9% from 2024 to 2030. This growth is driven by the need for efficient warehouse operations, adequate stocking, and increased customer satisfaction.
• Alerts and reminders for refilling inventories are sent by this WMS.
• The software category dominates the market with around 55% revenue in 2024. This is driven by the demand for real-time visibility, system integration, and efficient inventory management.
• The service category will witness the fastest growth, at a CAGR of 16.7%, over this decade. Consulting, training, and support services help users optimize warehouse operations and maximize ROI from their WMS solutions.
• The manufacturing category contributes 30% of market revenue in 2024, thus dominating the market. Manufacturing companies were the first to integrate ERP software with WMS to manage the wide variety of goods and parts required for end-product manufacturing.
• APAC is the fastest-growing market, with a CAGR of 16.8% during the forecast period.
• Increasing purchasing power in China, India, the Philippines, and other regional developing countries is driving demand for goods, pressuring companies to better manage warehouse operations.
• In North America, the U.S. holds a larger market share, of 75%, in 2024. This is due to the strong presence of ERP vendors, providing easy access to such software for end users.