With a projected CAGR of 12.7% during the forecast period, it is expected that the global retail warehouse management systems market is likely to generate revenues of around USD 6,396.8 Million by 2032, up from USD1,930.9 Million in 2022. The factors responsible for this growth are:
| Report Attribute | Details |
|---|---|
| Retail Warehouse Management Systems Market Value (2022) | USD 1,930.9 Million |
| Retail Warehouse Management Systems Market Anticipated Forecast Value (2032) | USD 6,396.8 Million |
| Retail Warehouse Management Systems Market Projected Growth Rate (2022 to 2032) | 12.7% |
Given the existence of high-growth economies such as China, India, and the Philippines, Asia Pacific is expected to be the most promising area throughout the projection period. The Indian government's Make in India strategy has resulted in the establishment of manufacturing and storage facilities in India.
India is also pushing toward digitalization, innovative engineering, and manufacturing. New manufacturing units for the automotive and healthcare industries have been planned and are being built in the nation. India is one of the world's largest users of energy and power.
Due to its huge energy consumption, India is increasingly shifting toward sustainable and renewable energy sources, including the use of solar energy. This has a beneficial impact on the demand for retail warehouse management systems to ensure an uninterrupted supply of items to users.
Furthermore, as the Asia Pacific is a price-sensitive market, enterprises employing retail warehouse management system technology choose SaaS. The model's advantages, such as lower entry cost and risk, cost-effective expansion, access to the greatest technology, and dynamic and sophisticated software capabilities, are capturing the attention of manufacturers.
Smaller businesses and many businesses prefer lower capital inputs and better flexibility. During the projection period, on-demand supply chain execution is predicted to obtain a greater share of the retail warehouse management systems market. WMS vendor Smart Turn was among the first to implement this strategy. To gain a presence in the industry, some providers have offered their software as a service. This factor had a significant influence in 2015 and is likely to rise throughout the projection period.
Companies may customize and supply a retail warehouse management system based on the needs of the client. The cloud-based WMS, for example, allows clients to expand or downsize the level of operations based on seasonal demand. eCommerce giants such as Amazon.com, Inc., Alibaba.com, and eBay Inc. are escalating their demand for retail warehouse management systems as they build additional warehouses throughout the globe. To meet the increased demand, various global corporations are establishing new warehouses in a diverse range of countries.
A cloud-native enterprise-class warehouse system, for instance, was introduced by Manhattan Associates in May 2020 and is called Manhattan Active Warehouse Management. It unifies all facets of distribution without requiring any upgrades.
HighJump was bought by Körber, which now serves as HighJump's strategic and financial partner. Automotive and aerospace, food distribution and processing, retail, consumer packaged products, drinks, craft brewing, health and wellness, third-party logistics, and wineries are among the businesses that use its software solutions.
In September 2021, Panasonic bought Blue Yonder Group, Inc. In February 2020, JDA Software changed its name to Blue Yonder Group, Inc. Blue Yonder Group, Inc. is a leading provider of comprehensive retail, multichannel, and supply chain planning and execution solutions.
The development of e-commerce and increased technological investment in emerging regions such as North America and the Asia Pacific is creating demand for retail warehouse management systems significantly.
Automation of warehouse management using various technologies is cutting expenses of workforce allocation, leading to an uptick in the adoption of retail warehouse management systems. Moreover, the retail warehouse management systems adoption trends are positively influenced by the aid provided in streamlining the operation of supply chain management, logistics, and production scheduling in retail enterprises.
There are several other benefits of this system which include the reduction in inventory, labor costs, increased customer service, and inventory efficiency, contributing to the retail warehouse management systems market growth. Furthermore, the demand for retail warehouse management systems is also on the rise owing to the solutions offered for scheduling goods required in stock where less safety stock is needed due to greater efficiency in inventory.
Advanced technologies used in retail warehousing provide material handling equipment that helps in moving goods in the warehouse efficiently, surging the adoption of retail warehouse management systems.
Increasing awareness of cloud-based technologies and reduced transportation costs are likely to expand the retail warehouse management systems market size during the forecast period. Increasing demand for e-commerce in the retail sector is considered one of the latest retail warehouse management systems market trends.
Every phase of supply chain management has been impacted by digital technology. Additionally, online purchases have multiplied. As a result, multichannel distribution facilities and staff are required to handle the increasing volume of goods and consumer demand, auguring well for the retail warehouse management systems market future trends.
The retail warehouse management systems' market trends and forecasts are improved by the system's capacity to deliver goods as quickly as possible via the shortest shipping routes. On the flip side, the adoption of retail warehouse management systems is hindered by higher investment in ERP and deployment of the warehouse management system and lack of IT infrastructure.
Risks related to the privacy of your data can arise from cybersecurity threats and granting unauthorized access to dubious internal parties, negatively impacting the retail warehouse management systems market outlook.
The retail warehouse management systems market is also affected by small-scale industries that are less likely to adopt retail warehouse management systems due to the additional costs associated with license purchases, upgrades, and employee training.
Retail warehouse management systems implementation lowers operational costs, improves labor productivity, and increases the efficiency of warehouse operations, but small-scale industries are not aware of its advantages of the same. Hence, this factor is also anticipated to dwindle the retail warehouse management systems market size in near future.
By 2022, North America is likely to capture a retail warehouse management systems market share of 35.5%. The same is facilitated by the existence of large networks of third-party logistics (3PL) businesses and corporations with international distribution and warehousing operations, as well as the ongoing expansion of the e-commerce sector.
A large number of ERP vendors were present in the USA in 2021, which contributed to the country having the largest market share in the area and fostering market expansion generally. In addition, there is a high demand for food and beverages across a variety of markets, necessitating a continuous supply from warehouses as it improves consistency, process efficiency, and quality control.
The growth of the retail warehouse management systems market in the European region is primarily driven by improvements in the warehouse management system and rising awareness of cloud-based WMS.
Due to the widespread use of multi-channel warehouse management systems, which provide real-time data on the inventory through barcoding, serial numbers, and RFID tagging, Germany is currently dominating the market in Europe.
Due to a rise in demand for the e-commerce sector, the UK is dominating. However, France is gaining ground due to a rise in the multi-channel warehouse management system's adoption. These factors are projected to contribute to the region’s retail warehouse management systems market share of 22.7% in 2022.
For small and medium-sized eCommerce and retail businesses, Logiwa is a cloud-based multichannel warehouse and inventory management system.
With the help of the solution, retail companies can create a procedure for handling backorders, cross-docking, storing inventory, and coordinating the fulfillment of multi-channel orders through intelligent picking.
Logiwa offers built-in integrations to delivery services like FedEx, USPS, Shipstation, and UPS, and marketplaces and shopping carts like Amazon, eBay, Shopify, Magento, Bigcommerce, and Walmart as well as accounting software like Quickbooks and Xero.
Another start-up playing a vital role is HighJump, that is providing cloud-based warehouse management software for logistics. Software for managing 3PLs, warehouses, shipping processes for carriers, and shippers, omnichannel fulfillment, shipment visibility, route optimization, and documentation are among its services. Software for managing manufacturing and retail operations is also offered.
A few prominent players in the retail warehouse management systems market include Infor Inc., LogFire Inc., Manhattan Associates Inc., Made4net LLC, JDA Software Group, Inc., Oracle Corporation, SAP SE, Softeon, Inc., and Synergy Logistics Ltd.
HighJump Software Inc., Swisslog Holding AG, Tecsys, Inc., Indigo Software, Inc., Provia Software, Inc, NetSuite Inc., EXE Technologies, Royal 4 Systems, and NCR Corporation are some other players in the market.
The market players are concentrating on a number of strategies to augment their retail warehouse management systems market share. To become the leading provider of warehouse management systems, they have announced a number of partnerships, mergers & acquisitions, and other legal agreements. Additionally, these players are spending money on Research and Development projects to introduce fresh services to the market and bring about emerging trends in the retail warehouse management systems market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Component, Enterprise Size, Technology, Region |
| Regions Covered | North America; Latin America; Europe; Eastern Europe; Asia Pacific excluding Japan; Japan; The Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Key Companies Profiled | Infor Inc.; LogFire Inc.; Manhattan Associates Inc.; Made4net LLC; JDA Software Group, Inc.; Oracle Corporation; SAP SE; Softeon, Inc.; Synergy Logistics Ltd.; HighJump Software Inc.; Swisslog Holding AG; Tecsys, Inc.; Indigo Software, Inc.; Provia Software, Inc.; NetSuite Inc.; EXE Technologies; Royal 4 Systems; NCR Corporation |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Enterprise Type, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by Technology, 2017 to 2032
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Enterprise Type, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by Technology, 2017 to 2032
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Enterprise Type, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by Technology, 2017 to 2032
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 15: Europe Market Value (US$ Million) Forecast by Enterprise Type, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by Technology, 2017 to 2032
Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Asia Pacific Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 19: Asia Pacific Market Value (US$ Million) Forecast by Enterprise Type, 2017 to 2032
Table 20: Asia Pacific Market Value (US$ Million) Forecast by Technology, 2017 to 2032
Table 21: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Enterprise Type, 2017 to 2032
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Component, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Enterprise Type, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Technology, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017-2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Component, 2017-2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 11: Global Market Value (US$ Million) Analysis by Enterprise Type, 2017-2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Enterprise Type, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Enterprise Type, 2022 to 2032
Figure 14: Global Market Value (US$ Million) Analysis by Technology, 2017-2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Technology, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Technology, 2022 to 2032
Figure 17: Global Market Attractiveness by Component, 2022 to 2032
Figure 18: Global Market Attractiveness by Enterprise Type, 2022 to 2032
Figure 19: Global Market Attractiveness by Technology, 2022 to 2032
Figure 20: Global Market Attractiveness by Region, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Component, 2022 to 2032
Figure 22: North America Market Value (US$ Million) by Enterprise Type, 2022 to 2032
Figure 23: North America Market Value (US$ Million) by Technology, 2022 to 2032
Figure 24: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017-2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 28: North America Market Value (US$ Million) Analysis by Component, 2017-2032
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Enterprise Type, 2017-2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Enterprise Type, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Enterprise Type, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by Technology, 2017-2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Technology, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Technology, 2022 to 2032
Figure 37: North America Market Attractiveness by Component, 2022 to 2032
Figure 38: North America Market Attractiveness by Enterprise Type, 2022 to 2032
Figure 39: North America Market Attractiveness by Technology, 2022 to 2032
Figure 40: North America Market Attractiveness by Country, 2022 to 2032
Figure 41: Latin America Market Value (US$ Million) by Component, 2022 to 2032
Figure 42: Latin America Market Value (US$ Million) by Enterprise Type, 2022 to 2032
Figure 43: Latin America Market Value (US$ Million) by Technology, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017-2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2017-2032
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) Analysis by Enterprise Type, 2017-2032
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Enterprise Type, 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Enterprise Type, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) Analysis by Technology, 2017-2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Technology, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2022 to 2032
Figure 57: Latin America Market Attractiveness by Component, 2022 to 2032
Figure 58: Latin America Market Attractiveness by Enterprise Type, 2022 to 2032
Figure 59: Latin America Market Attractiveness by Technology, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 61: Europe Market Value (US$ Million) by Component, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) by Enterprise Type, 2022 to 2032
Figure 63: Europe Market Value (US$ Million) by Technology, 2022 to 2032
Figure 64: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017-2032
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: Europe Market Value (US$ Million) Analysis by Component, 2017-2032
Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 71: Europe Market Value (US$ Million) Analysis by Enterprise Type, 2017-2032
Figure 72: Europe Market Value Share (%) and BPS Analysis by Enterprise Type, 2022 to 2032
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Enterprise Type, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) Analysis by Technology, 2017-2032
Figure 75: Europe Market Value Share (%) and BPS Analysis by Technology, 2022 to 2032
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Technology, 2022 to 2032
Figure 77: Europe Market Attractiveness by Component, 2022 to 2032
Figure 78: Europe Market Attractiveness by Enterprise Type, 2022 to 2032
Figure 79: Europe Market Attractiveness by Technology, 2022 to 2032
Figure 80: Europe Market Attractiveness by Country, 2022 to 2032
Figure 81: Asia Pacific Market Value (US$ Million) by Component, 2022 to 2032
Figure 82: Asia Pacific Market Value (US$ Million) by Enterprise Type, 2022 to 2032
Figure 83: Asia Pacific Market Value (US$ Million) by Technology, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017-2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Component, 2017-2032
Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Enterprise Type, 2017-2032
Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Enterprise Type, 2022 to 2032
Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Enterprise Type, 2022 to 2032
Figure 94: Asia Pacific Market Value (US$ Million) Analysis by Technology, 2017-2032
Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by Technology, 2022 to 2032
Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology, 2022 to 2032
Figure 97: Asia Pacific Market Attractiveness by Component, 2022 to 2032
Figure 98: Asia Pacific Market Attractiveness by Enterprise Type, 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness by Technology, 2022 to 2032
Figure 100: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 101: Middle East and Africa Market Value (US$ Million) by Component, 2022 to 2032
Figure 102: Middle East and Africa Market Value (US$ Million) by Enterprise Type, 2022 to 2032
Figure 103: Middle East and Africa Market Value (US$ Million) by Technology, 2022 to 2032
Figure 104: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 105: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017-2032
Figure 106: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 107: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 108: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2017-2032
Figure 109: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 110: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 111: Middle East and Africa Market Value (US$ Million) Analysis by Enterprise Type, 2017-2032
Figure 112: Middle East and Africa Market Value Share (%) and BPS Analysis by Enterprise Type, 2022 to 2032
Figure 113: Middle East and Africa Market Y-o-Y Growth (%) Projections by Enterprise Type, 2022 to 2032
Figure 114: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2017-2032
Figure 115: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2022 to 2032
Figure 116: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2022 to 2032
Figure 117: Middle East and Africa Market Attractiveness by Component, 2022 to 2032
Figure 118: Middle East and Africa Market Attractiveness by Enterprise Type, 2022 to 2032
Figure 119: Middle East and Africa Market Attractiveness by Technology, 2022 to 2032
Figure 120: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
The global retail warehouse management systems market is set to advance at a CAGR of 12.7% from 2022 to 2032.
North America is likely to hold a retail warehouse management systems market share of 35.5% in 2022.
The retail warehouse management systems market is predicted to account for USD6,396.8 Million by 2032.
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