Warehouse Management System Market Size to Reach USD 8.15 Billion in 2028 | Growth in Global E-Commerce Industry and Rising Deployment of Automation in Warehouse Management Processes are Some of the Key Factors Driving Industry Demand, says Emergen Research

Warehouse Management System Market Size to Reach USD 8.15 Billion in 2028 | Growth in Global E-Commerce Industry and Rising Deployment of Automation in Warehouse Management Processes are Some of the Key Factors Driving Industry Demand, says Emergen Research

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VANCOUVER, BC, Nov. 16, 2021

VANCOUVER, BC, Nov. 16, 2021 /PRNewswire/ -- The global Warehouse Management System (WMS) market size is expected to reach USD 8.15 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by rising need for automation of warehouse management processes and to streamline and manage operations. Complexities associated with transportation and logistics such as manual input of shipping and inventory data results in potentially costly errors, wasted time, and higher manpower expenses. Ability of the warehouse management system to overcome these complexities and drive efficiencies from receiving to picking and ensuring more accurate and timely customer shipments is driving the revenue growth of the market. Global growth of the e-Commerce sector, and especially in developing countries such as China and India, due to rapid increase in online purchasing is expected to continue to boost adoption of WMS during the forecast period.

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The major providers of WMS are expanding their respective solution footprint beyond the warehouse. Vendors of these systems are acquiring other software companies in order to expand their footprint and are adding yard management, slotting, transportation planning/execution, supply chain visibility, and trading partner integration to offerings. The future growth of these systems is expected to be driven by expansion into other business operations, and specifically in managing retail store operations.

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Emergen Research has segmented the global warehouse management system market on the basis of offering, deployment, function, application, and region:

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