Warehouse Management Systems Market Forecasts Up to 2020, Research Reports - Transparency Market Research

Warehouse Management System (WMS) is a software suite; an integral part of Supply Chain Management (SCM) that delivers the ability to map any warehouse structure (irrespective of the size) according to the specific requirements of the SCM process. It optimizes the management, storage and distribution of products or raw materials. It also helps to increase speed and efficiency in the internal movement of goods.

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The established (old) businesses have systems that are ten-plus years old and are too expensive to configure, maintain, upgrade and have outdated functionality. Currently, as existing solutions have matured and more replacements are expected in the near future, which is expected to drive the market demand for WMS systems. These solutions are evolutionary, with built-in enhanced functionalities and better integration with other supply chain management systems, to ensure quick modes of delivery. One of the key factors contributing to this market growth is increased adoption of warehouse management systems by small and medium-sized businesses. But, the main challenge faced by these businesses is the high cost associated with the deployment of WMS solutions.

However, integration of software-as-a-service (SaaS) model in WMS has resulted in reducing the ownership cost. It provides WMS as a service by a third party, hosted via cloud-based computing, which these companies can outsource. This gives more flexibility to companies to focus on their core business. It not only brings efficiency in the overall supply chain inventory levels but reduces the allowances for holding executions and recalls at all warehouse sites, thereby contributing to the market demand.

Demand for WMS is high in transportation and logistics industry, with many providers offering transportation management systems (TMS) as part of integrated WMS solutions. Huge demand from...