Study reveals e-commerce boom will drive growth in warehouse management systems
Europe and North America will experience strong growth, as supply chain operators increase spending on upgraded software systems.
By 2025, the global warehouse management system (WMS) market will be worth $5 billion, growing at a CAGR of 13.9%, according to “Intelligent Supply Chain” research conducted by ABI Research, New York. Over the same forecast period, 57,000 more warehouses will be in operation than in 2018.
“The warehouse is becoming the engine room of the supply chain, and is therefore, a focal point for investment from retailers, manufacturers and logistics service providers,” says Nick Finill, principal analyst. “As the warehouse technology ecosystem becomes increasingly complex, supply chain operators require more sophisticated management systems that can orchestrate the high volume and variety of intelligent, connected devices and systems within their facilities, as well as the flow of inventory.”