SAN FRANCISCO, March 11, 2021 /PRNewswire/ — The global warehouse management systems market size is anticipated to reach USD 8.1 billion by 2028, growing at a CAGR of 15.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing transition towards cloud-based management systems in the warehouse industry is anticipated to boost the demand for warehouse management systems (WMS) based on the Software-as-a-Service (SaaS) model. Advancements in cloud-based technologies are estimated to fuel the adoption of WMS software irrespective of the organization’s size and complexity where these solutions are used. Surging demand for cloud-based systems can primarily be attributed to medium- and small-sized businesses that do not require the implementation of advanced warehouse technologies and high-speed automation.
Key suggestions from the report:
- The WMS market is anticipated to witness substantial growth during the forecast period due to the changing supply chain models of product manufacturers and rapidly growing consumer demand, especially in the transport & logistics and retail sectors
- The software segment is expected to register the highest CAGR over the forecast period owing to the increasing adoption of WMS software by Small- and Mid-sized Enterprises (SMEs) worldwide
- The cloud segment is expected to register the fastest CAGR from 2021 to 2028 owing to numerous functionalities offered by cloud-based WMS over the traditional on-premise WMS…