E-commerce (electronic commerce) is the process of buying and selling goods and services or transmitting funds and data over an electronic network, primarily the internet. Nowadays, consumers can browse through entire store catalogs from the comfort of their homes, and many enterprises are entering into online business. Warehousing is an important component of an e-commerce organization. It includes managing supply and demand, inventory tracking, order entry, order management, labor management, distribution, and delivery to the customer.
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Data Bridge Market Research analyses that the Asia-Pacific Warehouse Management System Market is expected to grow at a CAGR of 17.3% in the forecast period of 2023 to 2030 and is expected to reach USD 2,788,985.85 thousand by 2030. The U.S. warehouse management system market is expected to grow at a CAGR of 17.1% in the forecast period of 2023 to 2030 and is expected to reach USD 2,562,823.43 thousand by 2030. As e-commerce demands continue to grow, there is a greater need to improve warehouse processes. As a result, many warehouses are now adopting technologies to work smarter, faster, and more efficiently.
Key Findings of the Study
RISE IN GLOBALIZATION OF SUPPLY CHAIN NETWORKS
Globalization is the free movement of goods, services, and people worldwide. Regarding supply chain networks, globalization refers to the process by which a business operates internationally. Increasing global activities involve importing and exporting finished products, components, and materials across multiple borders and trade routes by land, sea, and air. In today’s world, companies need to be agile, flexible, and drive innovation throughout their businesses and supply chains to automate the business processes, which creates the need to adopt a warehouse management system.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 – 2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Components (Cranes, Automated Storage & Retrieval System, Robots, Conveyors and Sortation Systems, Automated Guided Vehicles, and Others), Functions (Receiving & Putaway, Inventory Control, Yard & Dock Management, Slotting, Picking, Workforce & Task Management, Shipping, and Others), Offering (Software and Services), Deployment (Cloud/SaaS and On-Premise), Tier Type (Advanced WMS, Intermediate WMS, and Basic WMS), End User (E-Commerce, Food & Beverages, Third-Party Logistics, Electrical & Electronics, Automotive, Metals and Machinery, Healthcare, Chemicals, and Others)
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Countries Covered
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U.S., China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific
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Market Players Covered
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Blue Yonder Group, Inc. (A subsidiary of Panasonic Corporation) (U.S.), Oracle (U.S.), SAP SE (Germany), Infor (A subsidiary of Koch Industries) (U.S.), Manhattan Associates (U.S.), Tecsys Inc.(Canada), SENKO Co., Ltd. (Japan), Softeon (U.S.), Accelogix LLC. (U.S.), Datex Corporation (U.S.), Made4net (U.S.), CAMELOT 3PL SOFTWARE (U.S.), ShipBob, Inc. (U.S.), JAPAN LOGISTIC SYSTEMS CORP. (Japan), Synergy Logistics Ltd (U.S.), Honeywell International Inc. (U.S.), IBM CORPORATION (U.S.), NEC Corporation (Japan), Cisco Systems, Inc. (U.S.), Extensiv (U.S.), and The Raymond Corporation (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
Asia-Pacific and U.S. warehouse management system market is segmented into six notable segments based on components, functions, offering, deployment, tier type, and end use.
- On the basis of components, the Asia-Pacific and U.S. warehouse management system market is segmented into cranes, automated storage & retrieval system, robots, conveyors and sortation systems, automated guided vehicles, others. In 2023, the cranes segment is expected to dominate the Asia-Pacific and U.S. warehouse management system market with a 30.95%, and 30.59% market share respectively.
The cloud/SaaS segment is expected to dominate the Asia-Pacific and U.S. warehouse management system market, as it is the most commonly opted solution for warehouse management tracking applications. Cloud-based WMS systems are delivered as scalable SaaS offerings in a public or private cloud. Hence its demand increases in the region
- On the basis of deployment, the Asia-Pacific and U.S. warehouse management system market is segmented into cloud/SaaS, and on-premise. In 2023, the cloud/SaaS segment is expected to dominate the Asia-Pacific and U.S. warehouse management system market with a 58.72%, and 58.99% market share respectively.
- On the basis of functions, the Asia-Pacific and U.S. warehouse management system market is segmented into receiving & putaway, inventory control, yard & dock management, slotting, picking, workforce & task management, shipping, and others. In 2023, the receiving & putaway segment is expected to dominate the Asia-Pacific and U.S. warehouse management system market with a 25.35%, and 23.11% market share respectively.
On the basis of the offering, the Asia-Pacific and U.S. warehouse management system market is segmented into software and services
- On the basis of the offering, the Asia-Pacific and U.S. warehouse management system market is segmented into software and services. In 2023, the software segment is expected to dominate Asia-Pacific and U.S. warehouse management system market with a 66.49%, and 66.95% market share respectively.
- On the basis of tier type, the Asia-Pacific and U.S. warehouse management system market is segmented into advanced WMS, intermediate WMS, and basic WMS. In 2023, the advanced WMS segment is expected to dominate the Asia-Pacific and U.S. warehouse management system market with a 78.54%, and 78.54% market share respectively.
- On the basis of end user, the Asia-Pacific and U.S. warehouse management system market is segmented into e-commerce, food & beverages, third-party logistics, healthcare, electrical & electronics, metals and machinery, automotive, chemicals, and others. In 2023, the e-commerce segment is expected to dominate Asia-Pacific and U.S. warehouse management system market with a 26.06%, and 26.08% market share respectively.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the Asia-Pacific and U.S. warehouse management system market are Blue Yonder Group, Inc. (A subsidiary of Panasonic Corporation) (U.S.), Oracle (U.S.), SAP SE (Germany), Infor (A subsidiary of Koch Industries) (U.S.), Manhattan Associates (U.S.), Tecsys Inc.(Canada), SENKO Co., Ltd. (Japan), Softeon (U.S.), Accelogix LLC. (U.S.), Datex Corporation (U.S.), Made4net (U.S.), CAMELOT 3PL SOFTWARE (U.S.), ShipBob, Inc. (U.S.), JAPAN LOGISTIC SYSTEMS CORP. (Japan), Synergy Logistics Ltd (U.S.), Honeywell International Inc. (U.S.), IBM CORPORATION (U.S.), NEC Corporation (Japan), Cisco Systems, Inc. (U.S.), Extensiv (U.S.), and The Raymond Corporation (U.S.) among others.
Market Development
- In March 2023, Tecsys Inc. released a ground-breaking Digital Twin 3D Heat Map, the first no-code, out-of-the-box 3D representation of the warehouse in the industry. This highly customizable analytics solution lets users visualize and optimize crucial warehouse processes. Such new services help to cater to more customers globally.
- In February 2023, SAP SE launched SAP Warehouse Management in SAP S/4HANA Cloud 2302. With this most recent Cloud release, SAP SE made several changes to core functionality, user experience, and expansion opportunities. Such innovation helps the company to cater to more customers globally.
- In November 2022, Manhattan Active Warehouse Management and Manhattan Active Transportation Management were deployed by Alliance Automotive Group France (AAG) as a strategic move to increase their product line, improve customer service, speed up order processing, and lower carbon footprint. Such deployment helps the company to cater to more customers.
- In January 2022, Oracle was recognized as the leader for the seventh year in 2022 Magic Quadrant by Gartner, Inc. for Warehouse Management Systems. Leaders in supply chain technology should utilize this study to comprehend the WMS market's current situation.
- In September 2021, Infor announced that they had been selected by Signia, part of the Hersil Group in Peru, for the WMS warehouse management system. Signia automates logístic services operations to increase efficiency in logistic processes with Infor WMS. This will help the company to enhance their customer base in the market.
- In July 2021, Blue Yonder Group, Inc. announced that Catch.com.au, one of Australia’s online retailers, has selected Blue Yonder’s cloud-based warehouse management system (WMS) and labor management solution to support their high-volume e-commerce business. The company has selected Blue Yonder WMS to transform their supply chain digitally and to enhance warehouse and labor operations. This will help the company to enhance their customer base in the market.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific and U.S. warehouse management system market report are the U.S., China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific.
As per Data Bridge Market Research analysis:-
U.S. is the dominant region in the warehouse management system market globally during the forecast period 2023 - 2030
In 2023, the U.S. is expected to dominate the U.S. warehouse management system market, reaching USD 2,562,823.43 thousand by 2030 from USD 726,203.80 thousand in 2022 growing at the CAGR of 17.1% from 2023 to 2030.
China is estimated to be the fastest growing country in the Asia-Pacific warehouse management system market in the forecast period 2023 - 2030
In 2023, China is expected to be the fastest growing country in the Asia-Pacific warehouse management system market with 18.1% CAGR in the forecast period of 2023 -2030.
For more detailed information about the Asia-Pacific and U.S. warehouse management system market report, click here – https://www.databridgemarketresearch.com/reports/asia-pacific-and-us-warehouse-management-system-market
