Warehouse Management System Market Size, Share & Trends Report

Warehouse Management System Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment (On-premise, Cloud), By Function, By Application, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-151-1
  • Number of Report Pages: 90
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2023
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the warehouse management systems market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for warehouse management systems market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of warehouse management systems market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Warehouse Management Systems Market Categorization:

The warehouse management systems market was categorized into four segments, namely component (Software, Services), deployment (On-premise, Cloud), function (Labor Management System, Analytics & Optimization, Billing & Yard Management, Systems Integration & Maintenance, Consulting Services), application (Transportation & Logistics, Retail, Healthcare, Manufacturing, Food & Beverage), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The warehouse management systems market was segmented into component, deployment, function, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The warehouse management systems market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nine countries, namely, the U.S.; Canada; Mexico; the UK.; Germany; China; India; Japan; and Brazil

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Warehouse management systems market companies & financials:

The warehouse management systems market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Oracle Corporation is a provider of IT solutions. The company offers software products and services, including application software, middleware software, and cloud infrastructure. The company operates through 3 segments, namely the Cloud & License business, the Hardware business, and Services business. Its offerings include a broad spectrum of Oracle Cloud SaaS that consists of software applications delivered via a cloud-based IT environment. The portfolio includes Oracle Supply Chain Management Cloud and NetSuite Application Suite that enables the company’s clients to create, optimize, and digitize different supply chain operations. The company classifies its operations into 3 geographic regions, including the Americas; Europe, the Middle East and Africa (EMEA); and the Asia Pacific. Some of the company’s subsidiaries include Oracle International Corporation & Oracle Systems Corporation (both US) and Oracle Technology Company UC (Ireland).

  • NICE Ltd. is an Israel-based provider of on-premises and cloud-based enterprise software solutions. The company specializes in transactional data and multimedia content, such as telephony, web, radio, and video communications. The company’s business division, NICE inContact, was established after the acquisition of inContact, Inc. in May 2016. Through this division, the company offers the CXone platform, which offers various workforce engagement solutions, such as workforce management software, quality management analytics, call and screen recording, and performance management. NICE Ltd. caters to various industries, including banking & financial services, healthcare, media, retail, telecommunications, travel, utilities. The company has offices situated in the Americas, Asia Pacific, Europe, Middle East, & Africa.

  • Manhattan Associates, Inc. is a provider and developer of supply chain solutions. Solutions consist of hardware, software, and services used in coordinating workflows, people, events, assets, and tasks. These solutions enable the exchange of information and communication of stakeholders across supply chain ecologies such as manufacturers, trading partners, distributors, transportation providers, and consumers. The company offers solutions across three verticals: Supply chain, Inventory, and Omni-Channel. Supply chain solutions include Transportation Management, Distribution Management, and Visibility. Distribution management application consists of WMS, used to manage complex operations of a warehouse. The distribution management suite comprises of capabilities focused on distribution center, performance, management of personnel, and overall distribution layout. The company is headquartered in Atlanta, Georgia and has offices in India, Latin America, Singapore, Japan, Australia, France, Netherlands, China, and United Kingdom.

  • Made4net was formed to support the growing demands of large and small logistic companies with a cost-efficient suite of products that address different parts of the value chain. The company provides a strong “all in one” application suite built on an exclusive platform based on Microsoft technology. The solution offered is a web-based product that can run on multiple browsers and provides on-premise and cloud deployment options. Made4net is a global company with footprints in North America, the Middle East, Europe, and Asia.

  • Infor, Inc. supply chain management offers enterprise software solutions with industry-specific functionality. These solutions enable customers to plan and execute supply chain strategies effectively and more profitably from the strategic to the execution phase. In February 2020, the company was acquired by Koch Industries. Infor Inc. operates as a standalone subsidiary of Koch Industries. It offers solutions, such as customer experience management, enterprise asset management, enterprise financial management, enterprise resource planning, human capital management, product lifecycle management, and supply chain management, across industries such as healthcare, hospitality, manufacturing, public sector, distributor, and consumer. The SCM portfolio is composed of several applications related to SCM and various degrees of SCM embedded in several of its ERP solutions. These products range from supply chain planning applications to SCE, including warehousing and transportation. Infor has combined its WMS and transportation management system into a unified suite, packaged as Infor Supply Chain Execution.

  • HighJump is engaged in the development and provision of warehouse management system solutions. Company offerings include cloud-based WMS, yard management and ERP integrations, and 3PL. The company offering is a versatile process-based WMS designed explicitly for companies’ unique practices. It allows users to choose from a variety of applications to best suit their needs. This software is built for a wide range of industries, including food and beverage, CPG, retail, third-party logistics, and manufacturing industries. The technical architecture allows customers to make specific changes at the business logic level and not on the underlying source code, thus protecting customer upgrades. This feature has made the company stand apart from other WMS vendors.

  • FourKites, Inc. is a predictive supply chain platform provider enabling efficient transportation visibility and execution to companies across different industries and third-party logistics companies. The company uses a proprietary algorithm to calculate shipment arrival times, enabling customers to lower operating costs, strengthen end-customer relationships, and improve on-time performance. The company caters its solutions to various industries, including food & beverage, consumer packaged goods, retail, pharmaceuticals, manufacturing, chemical, and oil & gas, and operates in the U.S., the Netherlands, Brazil, and India.

  • Fishbowl Inventory is a provider of inventory management systems, focusing majorly on small and medium-sized businesses. The software offered by the company enables companies to track manufacturing activities, product movements, locations, and sales, enabling efficiency and minimizing supply chain issues. The software offered by the company is compatible with Quickbooks, an accounting software developed and marketed by Intuit. The company also offers hardware products, enhancing software capabilities to complement business processes, such as buy, sell, scan, and transact. The company operates in the U.S. and serves various industries, including third-party logistics, chemicals, healthcare, and paper & packaging.

  • Epicor Software Corporation designs, develops, and distributes industry-specific software designed to meet the needs of manufacturing, distribution, services operation, and retail organizations. Solutions offered include Epicor Enterprise Resource Planning (ERP), Human Capital Management (HCM), Financial Management, Manufacturing Execution Systems (MES), Supply chain Management (SCM). The company offers Epicor ERP Warehouse Management System that is fully integrated with warehouse and supply chain management (SCM) capabilities. The company has offices in regions including Americas, Europe, Asia Pacific, and the Middle East. The company serves industries such as automotive, construction, distribution, manufacturing, and retail.  

  • Blue Yonder is a provider of supply chain and omnichannel commerce solutions. In February 2020, JDA Software, Inc. was renamed Blue Yonder as part of its rebranding initiative to align its name with its cloud transformation and product plan. The company offers an end-to-end platform that enables manufacturers, retailers, and logistics providers to predict, plan, and fulfill customer demand. Software solutions offered address supply chain management, analytics applications, business processes, and e-commerce requirements of the retail industry. The company is headquartered in the U.S. and has operations in countries including Canada, U.K., Mexico, France, Netherlands, Germany, China, South Africa, India, and UAE, among others. The company serves various industries and markets, comprising retail, process manufacturing, discrete manufacturing, grocery, restaurants and food services, third-party logistics, and wholesale distribution.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Warehouse Management Systems Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Warehouse Management Systems Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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