In 2015, SAP SE and Oracle Corporation jointly accounted for a share
of just under 40% in the global warehouse management systems (WMS)
market, signaling the high degree of consolidation in this market.
Transparency Market Research finds that most companies have been
engaged in geographical expansions into emerging markets, especially
across Latin America and Asia Pacific, in order to strengthen their
foothold in the WMS market.
“WMS players from the developed markets of North America are
expanding their operations in emerging markets such as India, Brazil,
China, Indonesia, and several European countries, which have been
experiencing high growth in the retail applications of warehouse
management systems,” the author of the study states.
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Warehouse Management Systems Used Extensively in Third-party
Logistics
Accounting for a share of just over 58% in 2015, services formed the
leading component segment in the overall warehouse management systems
market. At a 15.1% CAGR from 2016 to 2024, this segment is also
projected to witness a growth rate higher than the software segment.
Between on-premise and cloud-based warehouse management systems, the
former accounted for a share of around 77% in 2015. However,
cloud-based WMS are likely to witness immense growth during the
course of the forecast period.
Based on application, third-party logistics held the leading share in
the WMS market in 2015, while the pharmaceutical segment is projected
to register a high CAGR from 2016 to 2024. Geographically, Europe
held a 43% share in the total revenue generated by the global
warehouse management systems market in 2015, generating US$560.7 mn
that year. On the other hand, Asia Pacific will register a 17.2% CAGR
during the course of the forecast period, emerging as an immensely
lucrative regional segment in the warehouse management systems
market.
Changing Retail Scenario in APAC a Key Demand Driver
Globalization and the rising demand for advanced warehouse management
solutions in the emerging markets of Asia Pacific is one of the key
factors fueling the demand for warehouse management systems. “Rising
urbanization and the consequent increase in per capita income have
brought about a remarkable transformation in the retail sector in the
region,” the lead analyst states.
Consumers have been increasingly inclined toward online shopping
owing to the vast benefits the platform presents, owing to which, the
very structure of the retail sector has evolved. Trying to meet the
growing consumer demand and the resultant tackling challenges of
capacity and capability has significantly boosted the demand for
warehouse management systems worldwide.
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“However, even with the time and cost saving features of WMS,
factors such as high initial investment cost and the lack of ICT
infrastructure in many countries are likely to curtail the growth of
the warehouse management systems market,” the author of the study
predicts.
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