The European market is most productive as compared to others with diverse industry verticals implementing WMS at a greater extent. Furthermore, it is projected to generate the highest market revenue over the forecast period with predominant deployments in the transportation & logistics industry.
Portland, OR -- (SBWIRE) -- 06/08/2017 -- Warehouse Management System Market Report, published by Allied Market Research, forecasts that the global market size is expected to garner $3,112 million by 2022, growing at a CAGR of 15.2% during the period 2016-2022. This can be attributed to the increase in inventory and workload of WMS in warehouse operations. Europe is expected to be the largest market during the forecast period.
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By component type, software held the highest market share in 2015, and services is anticipated to show the highest growth rate. Among the various industry verticals, transportation & logistics is projected to dominate the market. However, pharmaceuticals industry is expected to have the fastest growth rate.
Asia-Pacific is estimated to grow fastest due to increase in the adoption of WMS services and extensive growth in Japan, China, Australia, and India.
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Key findings of the Warehouse Management System Market:
Software is expected to exhibit a significant growth in the WMS market due to growth in adoption of this technology in the logistics industry.
Transportation & logistics industry generated the highest revenue among other industry verticals pertaining to increase in adoption of WMS.
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Europe is projected to exhibit a substantial growth during the forecast period.
Several industry players adopt partnership and product launch as their key strategies to offer innovative products and services & solutions to attain a higher market share.
The dominant players include Oracle Corporation, SAP SE, Infor Inc., and Manhattan Associates Inc., and others.