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The emergence of digital technology and expanding application of WMS has led to increased adoption of warehouse management systems. The market for warehouse management systems (WMS) is anticipated to expand at a revenue CAGR of 14.1% during the forecast period from 2017 to 2025. The global warehouse management systems market was valued at US$ 1,447.1 Mn in 2016. Warehouse management system (WMS) provides optimization, monitoring and control of complex warehouse and distribution activities such as yard management, dock scheduling, order management, labor management, inventory management, and others in an efficient manner. Hence, growing e-commerce industry and the subsequent adoption of WMS in this sector is expected to drive the warehouse management systems market. Another significant factor supporting the growth of warehouse management systems market is the increasing adoption of BYOD in various industries such as retail, 3PL, health care, and manufacturing among others. This has led to an increasing demand for cloud based warehouse management systems, subsequently driving the warehouse management systems market.
Holding Major Share, On-premise Warehouse Management Systems Emerged Dominant in 2016
The global warehouse management systems market has been segmented on the basis of component and application. On the basis of the component, the market is segmented into software and services. The software segment in the deployment type segmentation is further divided into on-premise and cloud based warehouse management systems. On-premise and cloud based warehouse management system segments are each further categorized into labor management system, analytics and optimization, and others which includes yard management and 3PL billing. In 2016, on-premise warehouse management systems accounted for maximum share of the warehouse management software market at around 76.3% of the revenue of the overall warehouse management software market. However, cloud based warehouse management software is expected to show sustainable growth during the forecast period due to technological advancements and cost effectiveness as compared to on-premise warehouse management software. Based on the services, the market is segmented into consulting, system integration, and operations and maintenance. In 2016, the maintenance segment held the largest revenue share and is also expected to expand at a highest CAGR during the forecast period
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In terms of various applications, the market is segmented into retail, electronics, food and beverage, pharmaceutical, third party logistics, and others which includes book and publishing, and home improvement. In 2016, the third party logistics (3PL) segment held the largest revenue share of around 27% in the overall warehouse management systems market.