The warehouse management system market will grow by nearly 17%

Brainy Insights estimates the global warehouse management system market to grow from USD 2.93 billion in 2022 to USD 13.98 billion in 2032 at a growth rate of 16.92%.

Braniny Insights research says that the warehouse management system (WMS) market will witness moderate growth due to the increasing need to digitize the supply chain. Furthermore, increasing investment in the logistics industry also brings profitable opportunities to this market.

Accordingly, North America accounts for the largest market size due to the increasing number of manufacturers investing in automation solutions to digitize warehouse management. On the other hand, many regional organizations are adopting digital transformation of inventory management operations to simplify daily work. Companies also invest in advanced systems to meet high-volume demands and to integrate and maintain disparate inventory systems.

A warehouse management system (WMS) is a user software that takes care of the optimal control and management of all warehouse processes.

According to Grand View Research, warehouse management systems (WMS) help reduce delivery times, increase product delivery speed and minimize distribution costs. The software is designed to cater to complex, complex warehouse operations as well as tackle less complex, resource-constrained operations. Additionally, WMS is used by various end users such as third-party logistics companies, B2B distribution companies, and other manufacturing companies.

Demand for warehouse management systems is expected to increase sharply due to changing supply chain models of product manufacturers and rapidly increasing consumer demand, especially in the transportation, logistics and retail. The need to automate warehouse management processes and cut costs is one of the key trends driving market growth.

Additionally, customers increasingly prefer cloud-based warehouse management services because of their compatibility with other supply chain systems as well as the ability to access them from any location through cloud-based portals. web. These systems extend the supply chain to align inventory management and fulfillment services with advanced purchasing methods, while providing real-time visibility into all available inventory. available via browser and smartphone.

Phi Hung