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WMS Expected To Grow At a Higher CAGR in the Warehouse Management System Market

Warehouse management system is a software solution primarily used by warehouse operators for efficient control over various warehousing operations, including inventory management, labor management, crossdocking, picking and placing, packaging, shipping, yard management, and dock management.

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WMS Expected To Grow At a Higher CAGR in the Warehouse Management System Market

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  1. MarketsandMarkets Presents WMS Expected To Grow At a Higher CAGR in the Warehouse Management System Market Warehouse Management System Market by Offering (Software, Services), Deployment (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic), Industry (3PL, Automotive, Food & Beverages, E-Commerce), and Region - Global Forecast to 2024 https://www.marketsandmarkets.com/Market-Reports/warehouse-management-system-market-41614951.html

  2. According to the new market research report "Warehouse Management System Market by Offering (Software, Services), Deployment (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic), Industry (3PL, Automotive, Food & Beverages, E-Commerce), and Region - Global Forecast to 2024 ", the warehouse management system market is estimated to reach USD 4.8 billion by 2024 from USD 2.1 billion in 2018, at a CAGR of 15.2% between 2018 and 2024. Warehouse management system is a software solution primarily used by warehouse operators for efficient control over various warehousing operations, including inventory management, labor management, crossdocking, picking and placing, packaging, shipping, yard management, and dock management. A WMS can be deployed on-premise or on-cloud in different industries, such as third-party logistics (3PL), ecommerce, automotive, electrical and electronics, food & beverages, and pharmaceuticals. Browse 40 market data Tables and 62 Figures spread through 170 Pages and in-depth TOC on "Warehouse Management System Market - Analysis and Forecast to 2024"

  3. Based on deployment type, On-cloud expected to grow at a higher CAGR in the warehouse management system market between 2018 and 2024 On-cloud WMS software solutions are deployed or implemented using the Internet, and the unlimited computing power provided by server systems is maintained by cloud service providers. The on-cloud WMS software can be used at multiple locations, by many users, for processing large numbers of transactions simultaneously. This software is delivered either as a “one-size-fits-all” product or a uniquely configured solution accessible only by a particular customer. Ask PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41614951 Based on offering, Services expected to grow at a higher CAGR in the warehouse management system market A warehouse management system is sold as a complete package, including service contract, along with the software. Implementation of a WMS software alone does not meet the needs of a warehouse operator as it requires a number of services to ensure smooth functioning of the software. WMS vendors sign high value contracts with their customers to provide after-sales services. These services play a major role as they keep the systems optimized and ensure lesser production cycle time. The services offered by most WMS vendors include consulting and installation, testing, maintenance, training, and software upgrades.

  4. Based on tier type, Basic (Tier 3) WMS expected to grow at a higher CAGR in the warehouse management system market Basic (tier 3) WMSs cover only necessary functions and features required for warehouse operations. Basic WMSs offer lesser features than advanced and intermediate WMSs. However, these WMS solutions cost lesser than the other two WMS types, and require 2 to 3 months for implementation. Basic WMSs are ideal for applications in small-scale businesses, which cannot afford high initial investments in WMS. The growth of this market is driven by the increasing demand for basic WMS solutions from small and midsized warehouse operators. Request Free Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=41614951 Food & beverages industry expected to grow at the highest CAGR between 2018 and 2024 in the warehouse management system market The food & beverages industry is transforming at a rapid rate owing to changing customer preferences, increasing need for food safety, growing trend of processed food and packaged eatables, and rising number of online retailing companies. The food & beverages industry is constantly under pressure of meeting customers’ demands in time and keeping in check the perishability of food items before these reach customers. Factors such as need for automated and hygienic handling of food items, enhanced traceability of food items, increased sales of packaged food products, and rising trend of online shopping of grocery are encouraging food & beverages companies to implement WMS solutions in their warehousing facilities.

  5. APAC expected to be the fastest-growing market for warehouse management system during the forecast period APAC is expected to be the fastest-growing market for warehouse management systems between 2018 and 2024. The growth of the market in this region can be attributed to the tremendous growth of the e-commerce and manufacturing industries in emerging economies such as China, India, and Indonesia. China is a key contributor to the growth of the WMS market in APAC owing to its huge industrial and manufacturing sector. China is the key contributor to the growth of the WMS market in APAC owing to its huge industrial and manufacturing sector and increasing emphasis on domestic production. Further, foreign investments have also made a positive impact on China’s warehousing and logistics ecosystem. India is the fastest-growing market for WMS in APAC. The launch of “Make in India” initiative has supported the growth of the manufacturing and warehousing sectors in India. Japan is a developed country and is witnessing a slow but steady growth in the WMS market. Major players involved in the warehouse management system market include Epicor Software (US), JDA Software (US), Manhattan Associates (US), Oracle (US), SAP (Germany), IBM (US), Infor (US), PSI (Germany), PTC (US), Tecsys (Canada), Blujay Solutions (UK), HighJump (US).

  6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

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