Warehouse Management System Market to Exhibit 12.9% CAGR from 2024 to 2032; APS Fulfillment Announces Rebranding of WMS Software to ‘Extensive’

The global warehouse management system market size stood at USD 3.07 billion in 2023. The market value is slated to rise from USD 3.45 billion in 2024 to USD 9.11 billion by 2032 at a CAGR of 12.9% during 2024-2032. The rise is driven by the ease of module integration offered by these solutions. Additional aspects driving industry growth include the surging endeavor of market players to provide superior systems catering to various requirements.  

Fortune Business Insights™ presents this information in its report titled, “Warehouse Management System Market Size & Share, COVID-19 Impact 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”.

Demand Cycle Changes Propelled Market Expansion Amid COVID-19 Crisis

The coronavirus pandemic significantly boosted the market growth considering the implementation of various technologies, such as digitization, automation, and cloud, across the manufacturing industry. Additional factor impelling market expansion included the growing investment by enterprises toward the development of warehouse management solutions.  

APS Fulfillment Rebrands Warehouse Management Software to ‘Extensive’ Platform

In April 2023, APS Fulfillment Inc. announced its warehouse management software rebranding to Extensive, a new platform. Extensive combines 3PL Central, Scout, Skubana, and CartRover for the precise tracking of inventory, helping to provide a superior user experience.

Industry Value to Rise owing to Surging Adoption of Digital Technologies in Supply Chains

The growing product deployment in a range of applications is expected to propel the warehouse management system market growth over the study period. The surge is further driven by the escalating adoption of digital technologies such as digital twin, artificial intelligence, and Internet of Things.

However, the industry growth could be hampered by the lack of awareness and technical expertise associated with the integration of solutions.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/warehouse-management-system-wms-market-101788

Major Companies Forge Agreements to Strengthen Industry Foothold

Leading market players are centered on striking strategic deals for strengthening their industry positions. These include acquisitions, collaborative agreements, merger agreements, and the rollout of new solutions. Additional initiatives comprise an escalation in research & development activities and growing participation in trade fairs.

Key Players Profiled:

• Microsoft Corporation (U.S.)
• Oracle Corporation (U.S.)
• Infor Inc. (U.S.)
• SAP SE (Germany)
• Manhattan Associates, Inc. (U.S.)
• Korber AG (Germany)
• Fishbowl Inventory (U.S.)
• Tecsys Inc. (Canada)
• 3PL Central LLC (U.S.)
• Unicommerce eSolutions Pvt. Ltd. (India)

Notable Industry Development

• May 2022 – ShipHawk struck a deal for the acquisition of Acuity Global. The deal was focused on providing best-in-class solutions for addressing the requirements of expanding companies.

Further Report Findings

• The North America warehouse management system market share is expected to depict substantial expansion over the estimated period. The growth is propelled by the escalating warehouse tool demand in the region.
• The Europe market is poised to exhibit an appreciable surge over the forecast period. The expansion is impelled by the soaring need for the effective management of production processes.
• On the basis of deployment, the market is classified into cloud and on-premise. The cloud segment is slated to exhibit remarkable expansion over the study period. The surge is propelled by the increasing cloud integration in supply chain and Enterprise Resource Planning (ERP).
• By type, the market is subdivided into standalone, supply chain module, and enterprise resource planning module. The supply chain module segment is poised to record commendable growth over the projected period. The rise is due to the growing advanced solutions demand.
• Based on industry, the market is segmented into chemical, healthcare, manufacturing, retail, logistics, food & beverages, and others. The manufacturing segment accounted for a dominating share over the estimated period.

Table of Segmentation