MRRSE has added a new research report on the "Warehouse Management Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its collection.

1. Warehouse Management Systems Market Professional Survey
Report 2016, Key Companies Profile, Supply, Demand,
Manufacturing Process and Cost Structure Analysis
Warehouse Management Systems Market: Snapshot
The emergence of digital technology has led to the increased
adoption of warehouse management systems (WMS) in a

2. number of applications. A booming e-commerce industry and
the subsequent adoption of WMS in this sector is expected to
drive the global warehouse management systems market.
Another significant factor supporting its growth is the
increasing adoption of BYOD in various industries such as
retail, 3PL, healthcare, and manufacturing. This has led to an
increasing demand for cloud-based WMS solutions,
subsequently driving the warehouse management systems
market.
The market is anticipated to expand at a revenue-based CAGR
of 14.1% during the forecast period, rising from a value of
US$1.2 bn in 2015 to US$4.1 bn by 2024.

3. Higher Cost-effectiveness of Cloud-based Warehouse
Management Systems a Plus Point
On the basis of the component, the market can be bifurcated
into software and services. The software segment comprises
on-premise and cloud-based warehouse management systems.
In 2015, on-premise WMS accounted for the maximum
revenue share of the warehouse management software market
at around 77%. However, cloud-based warehouse management
software is expected to show sustainable growth during the
forecast period due to various technological advancements
and a higher cost-effectiveness as compared to on-premise
warehouse management software.

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Based on services, the WMS market is segmented into
consulting, system integration, and operations and
maintenance. In 2015, the operation and maintenance
segment held a higher revenue share compared to the rest
and is also expected to expand at a significant CAGR during
the forecast period.
Asia Pacific Plays Key Role in Expansion of Global WMS
Market

5. In terms of revenue, Europe was the leading regional market
for warehouse management systems, accounting for around
43% of revenue share in 2015. The region is expected to
retain its dominance in the WMS market throughout the
forecast period. This market is primarily driven by the role
of third-party logistics. Third-party logistics companies are
increasingly adopting warehouse management systems to
enhance various functionalities, improve customer relationship
experience, and support a cost-effective management
system.
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6. The warehouse management systems market in North America
is projected to show moderate growth during the forecast
period, with the U.S. emerging as one of the most attractive
regional segments.
Asia Pacific also plays a key role in the development of the
global warehouse management systems market. The WMS
market in Asia Pacific is growing at a rapid pace and is
expected to maintain its momentum due to the rising demand
for extended WMS solutions supporting in-store inventory,
cloud integration, and order management along with standard
warehouse management system offerings.

7. The warehouse management systems market in Latin America
and the Middle East and Africa is anticipated to witness
sustainable growth in the near future. The major factor
fuelling these markets is the rising adoption of WMS
solutions in retail applications in countries such as Saudi
Arabia, Israel, the UAE, and Turkey, where the e-commerce
market is expanding substantially.
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