Global Warehouse Management System Market refers to the collection of techniques, skills, methods, and processes that are used to create, develop, and improve products, services, or systems to solve problems and meet human needs. It involves the application of scientific and engineering principles to design, develop, and produce tools, machines, devices, and systems that improve efficiency, convenience, safety, and quality of life.
The global warehouse management system market stood at USD 3.5 Billion in 2021 and is projected to reach USD 9.14 billion by 2029, exhibiting a CAGR of 13% in the forecast period.
Read More:
- 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.)
- Infoplus Commerce (U.S.)
Drivers
Digital transformation: The ongoing shift towards digitalization across all industries is expected to continue to drive growth in the technology market. Companies are investing in technology solutions to improve their efficiency, reduce costs, and stay competitive.
Artificial Intelligence (AI): The adoption of AI and machine learning technologies is expected to continue to grow as businesses look for ways to automate tasks, improve decision-making, and gain insights from data.
Internet of Things (IoT): The adoption of IoT devices is expected to continue to increase as consumers and businesses look for ways to make their homes, offices, and factories smarter and more efficient.
5G networks: The rollout of 5G networks is expected to provide faster and more reliable connectivity, enabling new applications and services that require low latency and high bandwidth.