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Warehouse Management System (WMS) Market Size, Share & Industry Analysis, By Deployment (Cloud and On-premise), By Type (Standalone, Enterprise Resource Planning Module, and Supply Chain Module), By Industry (Retail, Logistics, Healthcare, Manufacturing, Food & Beverages, Chemical, and Others), and Regional Forecast, 2024-2032

Last Updated: April 29, 2024 | Format: PDF | Report ID: FBI101788



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The global warehouse management system (WMS) market size was valued at USD 3.07 billion in 2023 and is projected to grow from USD 3.45 billion in 2024 to USD 9.11 billion by 2032, exhibiting a CAGR of 12.9% during the forecast period (2024-2032). A Warehouse Management System (WMS) is a solution that helps businesses increased visibility in supply chain operations and inventory across all the store shelves from the distribution center. The system manages and tracks the product till it reaches the end customer. Thus, industries focused on customer services are significantly investing in the system. Similarly, the ease of integrating the modules such as enterprise resource planning and supply chain is further expected to boost market share. Also, the key players are offering industry-specific solutions to cater to the rapidly growing need for warehouse management and inventory. For instance,

  • In September 2023, Honeywell introduced its newest software technology in response to the growing demand for order fulfilment, warehousing, and distribution in Southeast Asia and other global markets. The company introduced MesonX WMS, a software solution for improving and streamlining operations in distribution centers and warehouses.

The COVID-19 pandemic positively impacted the global market due to the increased usage of digital technologies, such as digitization, automation, and cloud in the manufacturing sector. A rapid increase in online shopping and increasing awareness among companies about warehouse solutions assisted market growth amid the pandemic. In addition, the pandemic accelerated the adoption of warehouse automation tools by the industry to improve business performance.

Warehouse Management System (WMS) Market Trends

Introduction of Smart Devices to Increase Sales of WMS

Several types of smart devices, comprising smart tablets, mobile phones, and handheld devices, such as readers, scanners, and tags, are utilized in warehouse management to make the procedure easy. Tablets and smartphones make data inflowing and delivery easy. Once the device connects to a warehouse management system, operators can rapidly post details, such as picklists and shipping labels, from anywhere. In addition, handheld devices such as barcode scanners maintain accurate inventory counts and scan the inventory.

Smart devices equipped with Wi-Fi, RFID technology, and cameras are used to minimize the injuries experienced by workers and make warehouse staff work effectively.

Thus, with the advancement in smart devices, the demand for the system is expected to gain traction.

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Warehouse Management System (WMS) Market Growth Factors

Rapid Growth of e-Commerce to Drive the Market Growth

Rising demand from e-commerce organizations for warehouses with better forecasting and monitoring is expected to propel the warehouse management system market growth. The growing e-commerce sector needs constant inventory and equipment tracking to maintain the demand and significant cargo movement. It records and tracks inventories, goods, and orders; manages the shelf, bin, and pallet locations; and maintains a better returns record. For instance,

  • In January 2022, FedEx and Microsoft Corporation launched a new cross-platform logistics solution for e-commerce. This new offering in the e-commerce platform enables customer engagement and provides enhanced shipping options to the users.

The demand for e-commerce products frequently varies, which results in a large number of backorders. Automating the procedure for proper distribution, packaging, and dispatch of orders is crucial. Thus, the demand for WMS is growing with the e-commerce industry.

Adoption of Digital Technologies in Supply Chains to Fuel Market Share

Digital technology is helping warehouse management in various applications. The always-on e-commerce industry is significantly investing in digital solutions to enhance response speed with fewer errors. According to the MHI Annual Industry Report, 2021, almost 80% of respondents agreed that the digital supply chain will grow in future. The real-time data offered through digital technologies is further expected to fuel the warehouse management system to track the overall supply chain process.

The interconnection between warehouse, supply chain, and the consumer is likely to fuel digitalized warehouse management systems. Digital technologies such as artificial intelligence, Internet of Things, digital twin, and more have surged the demand for smart warehousing techniques. Thus, with the adoption of digitalization in the supply chain, the demand for warehouse management systems is expected to gain traction.


High Installation Costs and Lack of Technical Expertise to Hinder Market Growth

Warehouse management software integration can be time-consuming and permitting authorized access to workers may risk the privacy of company's data. In addition, small and medium-sized organizations' lack of awareness about the systems can challenge various manufacturers.

Furthermore, several limitations comprise higher installation costs associated with the on-premise and the requirement of a significant initial investment may hinder the market growth.

Warehouse Management System (WMS) Market Segmentation Analysis

By Deployment Analysis

Cloud-based System Demand to Rise on Account of Ease of Module Integration

By deployment, the market is segmented into on-premise and cloud. The cloud segment is anticipated to grow at the highest CAGR over the study period. Cloud solutions provide real-time data transfer for supporting quick business operations. The demand for cloud is growing considering the increase in supply chain and enterprise resource planning integration with the system is easy. WMS offers companies significant savings in initial costs and a huge increase in warehouse efficiency when it is deployed on the cloud.

The on-premise segment has recorded stable demand amid the rise of cloud solutions along with their enhanced capabilities. Majorly, small enterprises are investing in on-premises, considering its in-house safety and easy management.

By Type Analysis

Supply Chain Module Segment Share to Dominate Owing to Growing Demand for Inventory Capabilities

By type, the market is subdivided into enterprise resource planning module, standalone, and supply chain module.

The supply chain module segment held a dominant share in 2023. The increasing complexities in supply chains are driving the adoption of the system. The integrated supply chain module helps in managing inventory at an optimum level. In addition, WMS is rapidly being adopted by supply chain companies to improve their operations and increase their efficiency and productivity.

The enterprise resource planning module segment is expected to witness the highest growth rate over the forecast period. The integration helps unify the internal business, which helps scale revenue growth.

Similarly, the standalone segment is likely to showcase a steady growth rate during the forecast period owing to the growing demand for advanced storage and logistics solutions across small and medium enterprises.

By Industry Analysis

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Growing Focus on Efficient Business Process to Lead to Manufacturing Segment’s Dominance

Based on industry, the market is split into retail, logistics, healthcare, manufacturing, food & beverages, chemical, and others.

The manufacturing segment witnessed highest growth rate and is expected to be the dominant segment during the forecast period. Manufacturers focused on enhancing logistics speed and delivery accuracy to optimize business growth. Thus, the growing demand for advanced warehouse management solutions in the manufacturing industry to maintain business operations will boost the market share. Moreover, the efficiency and performance of warehouse management in the manufacturing sector are enhanced by the use of cloud technology.

Food & beverages, logistics, and retail segments are expected to gain a steady growth rate during the forecast period. The industry players are offering specifically industry-based solutions to cater to the unique requirements in warehouse operations of process industries such as chemical, pharmaceutical, food and beverages, and others.


In terms of region, the market is analyzed across North America, Europe, South America, Asia Pacific, and the Middle East & Africa. They are further segmented into countries.

North America Warehouse Management System (WMS) Market Size, 2023 (USD Billion)

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North America is likely to dominate the global warehouse management system market share during the forecast period. The logistics industry in the U.S. accounts for 10.0% of the total GDP and is expected to reach around USD 175.0 trillion in 2022. The demand for warehouse tools will also increase in the coming years.

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Asia Pacific is expected to showcase rapid growth rate during the forecast period. The major factors driving the regional growth constitute evolving industry verticals, including BFSI, manufacturing, transportation management, and logistics. Several key vendors in the region are focused on developing advanced warehouse management system solutions to cater to the growing demand for robust supply chain operations among these verticals.

The Europe market is driven by the rise of Industry 4.0 and IoT. According to the Federal Statistical Office of Germany, the rising need for effective production process management and the early adoption of automation resulted in 82% of large organizations utilizing supply chain management solutions surge the warehouse management system demand.

The rapid growth in digital solutions in industries in South America and increasing focus on on-time deliveries to meet customer expectations are likely to expand the WSM market share in the region. Similarly, growing investments in logistics and supply chains in the Middle East & Africa are set to boost the market growth.

List of Key Companies in Warehouse Management System (WMS) Market

Key Players Focus on Business Expansion to Strengthen Market Position

The top players are focused on expanding across global boundaries by introducing industry-specific solutions. These players are strategically collaborating and acquiring local players to gain a strong grip in the regions. The market players aim to develop their products based on emerging technologies, such as Artificial Intelligence (AI), IoT, cloud, and others, to solve the issues faced by the companies.

List of Key Companies Profiled:


  • November 2023: Trackstar, a Y Combinator-backed startup revolutionizing logistics in the supply chain, announced that it had raised USD 2.6 million of seed funding from TMV. To improve the efficiency of the supply chain and data accessibility for businesses of all sizes, this funding will accelerate Trackstar's mission to integrate with global warehouse management systems.

  • September 2023: Ingka Investments, the investment sub-company of Ikea parent Ingka Group, acquired Made4net, a supply chain execution software and cloud-based WMS. To strengthen its fulfilment operations, Ikea is taking steps to bring warehouse management technology in-house.

  • March 2023: Stockone, an India-based warehouse management system provider, delivered a SaaS-based system to help users manage warehouse operations seamlessly.

  • July 2022: Infor announced that Q&L Industrial Services, a logistics provider in Slovakia, is transforming to Infor WMS cloud solution to increase the performance of stock operations. Q&L provides help in speed and accuracy for its consumers.

  • July 2022: ShipBob launched Merchant Plus Solution that allows e-commerce brands to utilize the software across the global network and use additional ShipBob solutions, including fulfillment centers in other locales.

  • June 2022: Korber collaborated with GXO Logistics Inc., a logistics provider, to develop an AI-based solution to boost warehouse efficiency. It captures errors in real-time and autonomously reduces downtime and human intervention in picking.

  • June 2022: Made4net, a global cloud-based warehouse management system software provider, launched SCExpert software. This software equips users to rapidly adapt to changing market and customer requirements.


An Infographic Representation of Warehouse Management System (WMS) Market

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The report covers prominent areas across the globe to get a better knowledge of the industry. Furthermore, the report provides insights into the most recent industry and market trends as well as an analysis of technologies that are being adopted quickly worldwide. It also emphasizes some of the growth-stimulating restrictions and elements, allowing the reader to obtain a thorough understanding of the industry.

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Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 12.9% from 2024 to 2032


Value (USD Billion)


By Deployment

  • Cloud

  • On-premise

By Type

  • Standalone

  • Enterprise Resource Planning Module

  • Supply Chain Module

By Industry

  • Retail

  • Logistics

  • Healthcare

  • Manufacturing

  • Food & Beverages

  • Chemical

  • Others (IT & Telecom and Furniture)

By Region

  • North America (By Deployment, By Type, By Industry, and By Country)

    • U.S. (By Industry)

    • Canada (By Industry)

    • Mexico (By Industry)

  • South America (By Deployment, By Type, By Industry, and By Country)

    • Brazil (By Industry)

    • Argentina (By Industry)

    • Rest of South America

  • Europe (By Deployment, By Type, By Industry, and By Country)

    • Germany (By Industry)

    • France (By Industry)

    • Italy (By Industry)

    • Spain (By Industry)

    • Russia (By Industry)

    • Benelux (By Industry)

    • Nordics (By Industry)

    • Rest of Europe

  • Middle East & Africa (By Deployment, By Type, By Industry, and By Country)

    • Turkey (By Industry)

    • Israel (By Industry)

    • GCC (By Industry)

    • South Africa (By Industry)

    • North Africa (By Industry)

    • Rest of Middle East & Africa

  • Asia Pacific (By Deployment, By Type, By Industry, and By Country)

    • China (By Industry)

    • India (By Industry)

    • Japan (By Industry)

    • South Korea (By Industry)

    • ASEAN (By Industry)

    • Oceania (By Industry)

    • Rest of Asia Pacific

Frequently Asked Questions

The market is projected to reach USD 9.11 billion by 2032.

The market is projected to grow at a CAGR of 12.9% over the forecast period (2024-2032).

By deployment, the cloud segment is likely to lead the market.

The adoption of digital technologies in supply chain management is expected to fuel the market growth.

Microsoft Corporation, Oracle Corporation, Infor Inc., SAP SE, Manhattan Associates, Inc., and others are top players in the market.

In 2023, North America held the largest market share.

By industry, the manufacturing segment is expected to grow with the highest CAGR over the forecast period.

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