Warehouse Management System (WMS) Market Overview - 

The Warehouse management system market Size is projected to grow from USD 3.2 Billion in 2023 to USD 9.9 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 17.7% during the forecast period (2023 - 2030)

North America accounted for the largest share of around 35% in the global WMS market in 2021. However, the Asia Pacific region is expected to exhibit the highest CAGR over the forecast period owing to the rapidly growing e-commerce and manufacturing sectors in emerging economies like China and India.

Based on component, the WMS market is segmented into software and services. The software segment accounted for the dominant revenue share while the services segment is anticipated to grow at a significant CAGR during 2022-2028.

In terms of deployment, the market is bifurcated into on-premise and cloud WMS. The cloud segment is projected to grow at a higher rate compared to on-premise deployment owing to its benefits like scalability, flexibility and lower costs.

Key Market Segments

The key end-use verticals covered in the WMS market report include transportation & logistics, healthcare, retail & e-commerce, manufacturing, food & beverage and others. The transportation & logistics vertical accounted for the largest share in 2021.

Key Companies

Leading players operating in the global WMS market include Oracle, SAP, Infor, Manhattan Associates, IBM, PTC, Tecsys, BluJay Solutions, HighJump, and Epicor Software Corporation among others. The companies are adopting strategies like partnerships and new product launches to enhance their market presence.

Market Drivers

• The growing omni-channel retail and e-commerce sector is boosting the need for efficient warehouse management globally. This is a key factor driving the WMS market.
• Integration of WMS solutions with technologies like IoT, RFID, AI, cloud and predictive analytics to enable data-driven and real-time decision making in warehouses.
• Rising demand for WMS to eliminate costs and inefficiencies associated with manual processes across labor-intensive industries including manufacturing, 3PL and transportation sectors.
• Government regulations for inventory visibility, shipment accuracy and transparency across supply chain operations are compelling warehouses to adopt WMS.

Regional Insights

North America will retain market dominance over the forecast period driven by early adoption of WMS and presence of leading vendors in the region.

Asia Pacific will exhibit the fastest growth in the coming years owing to rapidly growing manufacturing, retail, logistics, pharmaceutical and food & beverage verticals in China, India and Southeast Asian countries.

Europe is anticipated to capture the second largest market share by 2028, with growth fueled by increasing omnichannel selling adoption and e-commerce sales in the region.

Browse In-depth Market Research Report (112 Pages, Charts, Tables, Figures) on Warehouse Management System (WMS) Market

Industry Latest News

• Oracle introduced visual assist picking functionality in its WMS Cloud platform in September 2022 to improve workforce productivity.
• Infor launched industry-specific warehouse management solutions for food & beverage and healthcare in June 2022.
• Manhattan Associates partnered with project44 in May 2022 to provide real-time visibility across transportation and warehouse operations.
• SAP expanded capabilities of its Extended Warehouse Management solution in February 2022 to offer advanced automation functionality.

The WMS market outlook remains positive driven by proliferation of e-commerce, technological advancements and need for optimized warehouse processes. WMS adoption is expected to increase across sectors over the next few years.