Warehouse Management Systems Market to Reach US$4.1 billion by 2024 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024: TMR

ALBANY, New York, September 8, 2016 /PRNewswire/ --

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.

For instance, in September 2015, Canada-based Tecsys, Inc. expanded its presence in the European market by starting operations in the U.K., Italy, France, Germany, Spain, and Portugal.

The opportunity in the global warehouse management systems market was worth US$1.2 bn in 2015 and is expected to be worth US$4.1 bn by 2024, expanding at a strong 14.1% CAGR from therein.

Browse Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/warehouse-management-systems.html

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.

Get Latest Industry Research PDF for more Professional and Technical Industry Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3004

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.

"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.

This review is based on the findings of a TMR report titled "Warehouse Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."

Browse Research PR: http://www.transparencymarketresearch.com/pressrelease/warehouse-management-systems.htm

Warehouse Management Systems Market Analysis, by Component 

Software 

On-premise 

• Labor Management Systems
• Analytics and Optimization
• Other (3PL Billing, and Yard Management)

Cloud 

• Labor Management Systems
• Analytics and Optimization
• Other (3PL Billing, and Yard Management)

Services 

• Consulting
• System Integration
• Operations and Maintenance

Warehouse Management Systems Market Analysis, by Application 

• Retail (Apparel, Department & General Merchandise)
• Electronics
• Grocery/Food & Beverage
• Pharmaceutical
• 3PL
• Others (Books & Publishing, Home Improvement)

Warehouse Management Systems Market Analysis, by Geography 

North America 

• The U.S.
• Canada
• Rest of North America

Europe 

• The U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific 

• Japan
• China
• Australia
• Indonesia
• India
• Rest of Asia Pacific

Middle East and Africa (MEA) 

• The UAE
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa

South America 

• Brazil
• Rest of South America

Browse Other Research Reports: 

• Mobile Money Market:http://www.transparencymarketresearch.com/mobile-money-market.html

• Wireless Mesh Network Market: http://www.transparencymarketresearch.com/wireless-mesh-network-market.html

About TMR 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Blog: http://www.tmrblog.com/