Warehouse Management Systems Market
Global Market Study on Warehouse Management Systems: Rising Adoption of Machine-to-Machine (M2M) Technology to Improve Warehouse Management Functions
Machine-to-Machine technology adoption is increasing in warehouse management, as it helps machines or devices exchange information and perform functions on their own. A warehouse management system with M2M technology can connect and receive data from instruments such as conveyors, picking equipment, and assembly lines.
Warehouse management systems with M2M technology help monitor stages of production and control series of events. As M2M technology checks the functioning of machines in a warehouse, it helps maintain quality. M2M collects and exchanges information, and also provides actionable insights for better decision-making.
Accuracy in information facilitates demand forecasting, helping warehouse managers predict the appropriate delivery time of the product. All these factors are expected to boost the growth of the warehouse management systems market size through 2030.
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Competition Deep Dive (Hardware Vendors)
- Zebra Technologies
- Honeywell International Inc.
- Clearpath Robotics Inc.
- The Raymond Corporation
- GAO Group
- Technology Solutions (UK) Ltd.
- RMS Omega
- HID Global
Competition Deep Dive (Software Vendors)
- Zoho Corp.
- Oracle Corporation
- Manhattan Associates
- JDA Software
Introduction of Smart Devices Benefitting Warehouse Management Systems Market
Various types of smart devices, including mobile phones, tablets, and handheld devices such as scanners, readers, and tags are used in warehouse management for making the process easy. Smartphones and tablets make data entering and receiving easy. When the device is connected to a warehouse management system, operators can easily put in information such as shipping labels and picklists, anytime, from anywhere.
Handheld devices such as barcode scanners are used for scanning the inventory and maintaining accurate inventory count. Other portable handheld devices, which are equipped with RFID technology, Wi-Fi, and cameras, are used to reduce the number of injuries that workers experience and make the work of warehouse staff easy and efficient.
Handheld devices don’t have the ability to handle more complex operations that a smartphone or tablet can do, but these devices can send and receive data related to order fulfillment and delivery tracking. However, demand is increasing for smart devices, as these help easily enter and receive information related to warehouse management activities.
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Rising Demand for Cloud-based Warehouse Management
The demand for cloud-based warehouse management systems is increasing, as these systems help in the communication between a supplier and buyer, and also help improve customer service and reduce inventory costs. Cloud warehouse management systems have the ability to manage both, inbound and outbound freight, and manage the use of cross-docking.
Cloud-based warehouse management systems compatible with other supply chain systems, which include transportation management systems, business analytics, yard management, and slotting management. Cloud-based warehouse management system solutions can be accessed from any location through web-based portals.
These systems have many benefits over on-premise systems, resulting in significant. Cloud warehouse management systems extend supply chains to align inventory management and fulfillment services with modern purchasing methods, and offer real-time visibility into an entire inventory available via smartphones and browsers.
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Warehouse Management Systems Market: Regional Outlook
In terms of value, the warehouse management systems market in North America led the global market in 2019. The warehouse management systems market in the U.S. is projected to offer the most lucrative opportunities for revenue generation over the forecast period, as companies in the U.S. are shifting their operations to the cloud, which is creating potential opportunity for the adoption of cloud warehouse management systems.
The market in South Asia & Pacific is expected to record the highest growth rate over the forecast period, as the manufacturing sector is expanding in countries of the region. Also, other benefits of warehouse management systems such as lower cost and risk, cost-effective growth, and dynamic and advanced features of warehouse management software, are attracting manufacturer in the regions, due to which, the adoption of warehouse management is increasing.
A comprehensive view of the warehouse management systems market trends has led our analysts to conclude that, the market is growing at a compelling rate. Due to the COVID-19 pandemic, the warehouse management systems market would be somewhat stagnant, but will recover in Q1 2021. North America and Europe hold a significant share in the global warehouse management systems market. Furthermore, the market in South Asia & Pacific is anticipated to grow at a significant rate during the forecast period. Partnerships and collaborations with other warehouse management systems providers is a strategy being adopted by leading vendors to fuel their sales growth.
Warehouse Management Systems Market: Segmentation
PMR’s research study on the global warehouse management systems market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the warehouse management systems market has been offered on the basis of component, deployment, application industry, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
Warehouse Management Systems Market: Key Questions Answered in Report
The research study on the warehouse management systems market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Insights offered in the warehouse management systems market report answer some of the most salient questions that assist the stakeholders in gauging all the emerging possibilities.
- How has the rapidly changing business environment turned into a major growth engine for the warehouse management systems market?
- What are the underlying macroeconomic factors impacting the growth of the warehouse management systems market?
- What are the key trends that are constantly shaping the growth of the warehouse management systems market?
- Which are the prominent regions offering plentiful opportunities for the warehouse management systems market?
- What are the key differential strategies adopted by major players to command a significant chunk of the global market share?
- How is the COVID-19 pandemic impacting the global warehouse management systems market?