The global warehouse management systems market is poised to grow by USD 1.96 billion during 2019-2023, progressing at a CAGR of over 14% during the forecast period.
The market is driven by the emergence of omnichannel
distribution networks. Also, the integration of new technologies in warehouse
management systems (WMS) is anticipated to boost the growth of the warehouse
management systems market further.
There has been an increasing demand for a centralized system for
order management due to the emergence of omnichannel distribution networks
adopted by different retailers and product manufacturers. This has further
driven the demand for WMS as they help in directing warehouse activities and
equipment to optimize store and warehouse processes. Also, the shifting demand
and uncertainties associated with the omnichannel marketplace, are expected to
boost the demand for WMS in the forthcoming years.
Buy 1 Technavio report and
get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Warehouse Management Systems Market Companies:
Epicor Software Corp.
Epicor Software Corp. is headquartered in the US and operates
the business under the segments, Products, and Services and Support. The
company offers SCM solutions for different areas of business, including
purchase management, warehouse management, demand management, and inventory management.
These solutions include the Epicor WMS software that has extensive warehouse
management capabilities.
IBM Corp.
IBM Corp. is headquartered in the US and operates in key
business segments, including cognitive solutions, global business services, technology
services & cloud platforms, systems, and global financing. In October 2019,
the company announced a new integrated supply chain suite, IBM Sterling Supply
Chain Suite, embedded with Watson AI and IBM Blockchain. The company offers a
WMS solution named Sterling Warehouse Management System, with applications in
mid-sized finished goods distribution centers.
Oracle Corp.
Oracle Corp. operates in key business segments, including cloud
and license, hardware, and services. In September 2019, the company announced
new updates for its enterprise-class customer data management (CDP) platform,
Oracle CX Unity. The company offers SCM solutions, including warehouse
management, transportation management, and global trade management. Key
offerings of the company include the Oracle WMS Cloud.
Infor Inc.
Infor Inc. is headquartered in the US and offers products
through the following business segments: License, Maintenance, and Consulting.
In September 2019, the company announced the general availability of its Infor
Coleman AI Platform for embedded machine learning models. The company offers
CloudSuite WMS, which provides visibility into inventory, orders, equipment,
and people.
SAP SE
SAP SE operates through the following key business segments:
Applications, Technology & Services segment, SAP Business Network segment,
and Customer Experience segment. In October 2018, SAP launched new services
that would help customers and partners integrate different blockchain
infrastructures seamlessly. The company offers SAP Extended Warehouse
Management (SAP EWM) to manage high-volume warehouse operations and integrate
complex supply chain logistics in warehouse and distribution processes.
No comments:
Post a Comment