Warehouse Management Systems Market - Growing Number of Application to Bode Well for Growth

The emergence of digital technology and expanding application of WMS has led to increased adoption of warehouse management systems. The market for warehouse management systems (WMS) is anticipated to expand at a revenue CAGR of 14.1% during the forecast period from 2017 to 2025. The global warehouse management systems market was valued at US$ 1,447.1 Mn in 2016. Warehouse management system (WMS) provides optimization, monitoring and control of complex warehouse and distribution activities such as yard management, dock scheduling, order management, labor management, inventory management, and others in an efficient manner.

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Warehouse management systems reduce the time consumed during lead delivery, besides minimizing the risk of errors while processing orders. As suppliers seek to strengthen their customer ties, the demand for solutions that enable them achieve greater productivity and efficiency will surge. In response the implementation of warehouse management systems may rise.

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Spurred by this factor, the global warehouse management market will exhibit strong growth in the coming years. Furthermore, the market will considerably benefit from the increasing awareness regarding WMS software among small and medium scale companies. Also, the rising uptake of cloud WMS software solutions will emerge as a chief driver of the global warehouse management system market. In order to continue benefitting from the technology, regular upgrades are necessary to ensure data security.

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To gain competitive strength, several prominent enterprises have plunged into the bandwagon, subsequently offering ‘software as a service’ or cloud-based software management systems.

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