Published By : 07 Sep 2016 | Published By : QYRESEARCH
The emergence of e-commerce has created a huge demand for warehousing various kinds of goods, which, in turn, has created a positive impact on the adoption of warehouse management systems. Technological advancements are also responsible for the escalating adoption of these systems. The growing trend of bring-your-own-device (BYOD) is also playing an important role in implementation of warehouse management systems in sectors such as 3PL, retail, manufacturing, and healthcare. This has also led to an exponential demand for cloud-based solutions in the WMS market.
Cloud-based Solutions Emerge as Strongest Contenders
Warehouse management systems are predominantly used in sectors such as electronics, retail, grocery or food and beverage, pharmaceutical, 3PL, and others such home improvement and books and publishing. On the basis of software component, the market is fragmented into cloud-based and on-premise warehouse management systems. Analysts predict that cloud-based warehouse management software segment is likely to advance at a formidable CAGR in the coming years. This segment will benefit from the ongoing technological advancements and improved cost-effectiveness of this form of service.
Asia Pacific Remains Frontrunner in the Global Market
Analysts predict that Asia Pacific will hold a significant share in the global warehouse management systems market. Factors such as strengthening economies in the region and the robust pace of e-commerce industry will fuel the demand for warehouse management systems in the coming years. The increasing need to support in-store inventory through cloud integration will promote the modern warehouse management solutions in the near future.
The market is also anticipated to do well in emerging economies of the Middle East and Africa and Latin America. The sustainable demand for warehouse management systems in these regions will be propelled by the rising trade in the regions.