Increasing inventory and workload necessitated the implementation of a warehouse management system (WMS) in warehouse operations. WMS is a software application that is designed to support the management of warehouse, distribution center, and staffs. They are tactical tools deployed by the business owners to cater to the requirements of the distribution channel(s) and of the customers.
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It uses a database that is configured to manage the warehouse operations and contains detailed description of various standard warehouse elements, including individual stock keeping units (SKUs), warehouse storage locations, dock doors, and expected labor productivity rates by activity or function.
Key Players:
HighJump Software Inc., Oracle Corp., SAP AG, Tecsys, Inc., Infor Inc., JDA Software Group, Inc., Manhattan Associates, Inc., Logfire, Inc., Softeon, Inc., and Interlink Technologies
The growth of digital technology has increased the adoption of WMS in several applications. Growth of e-commerce & requirements of omni-channel fulfillment, WMS add-on module sales, labor efficiency, cost ownership advantages, and supply chain platform integration are the factors that drive the market growth.
The WMS market is segmented based on components, industry vertical, and geography. Software and services are the component types of WMS. Automotive, electronics, food & beverage, transportation & logistics, pharmaceutical, and others are categorized under industry verticals. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa), followed by region-wise country-level analysis.
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The study conducts SWOT analysis to assess the strengths and weaknesses of the key players engaged in the Warehouse Management Systems market. Moreover, the report undertakes an elaborate examination of drivers and constraints operating in the market. The report also evaluated the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Warehouse Management Systems market segments and regions.
Competitive scenario:
The study assesses factors such as segmentation, description, and applications of Warehouse Management Systems industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.
Major highlights of the report:
- An all-inclusive evaluation of the parent market
- The evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of the market value and volume in the past, present, and forecast years
- Market share evaluation
- Study of niche industrial sectors
- Tactical approaches of the market leaders
- Lucrative strategies to help companies strengthen their position in the market.
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