Global warehouse management system market to double by 2029 due to e-commerce growth

From GlobeNewswire: 2024-07-08 08:00:00

The global warehouse management system market is projected to grow from USD 4.0 billion in 2024 to USD 8.6 billion by 2029, with a CAGR of 16.3% driven by the thriving e-commerce industry and businesses expanding across multiple distribution channels.

North America dominated the warehouse management system market in 2024, with the US playing a crucial role in driving market growth by transitioning to cloud-based systems and embracing cloud WMS solutions.

The cloud-based segment is expected to grow at the fastest CAGR during the forecast period, fueled by increased adoption in manufacturing and logistics sectors and the advantages of cloud WMS software.

The services segment is projected to grow at the fastest CAGR, as modern supply chains require expert services for seamless integration of WMS software and the adoption of Industry 4.0 technologies.

Key players in the warehouse management system market include Manhattan Associates, Blue Yonder Group, Körber AG, Oracle, SAP, Infor, Microsoft, IBM, Tecsys Inc., and Ehrhardt Partner Group.



Read more at GlobeNewswire: Warehouse Management System Market Size, Statistics,