The warehouse management system market was valued at USD 1.32 Billion in 2016 and is projected to reach USD 3.23 Billion by 2023, at a CAGR of 14.1% between 2017 and 2023.
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Factors anticipated to drive the growth of the market include emergence of multi-channel distribution networks, growth of the e-commerce industry, increased adoption of on-cloud WMS solutions, and globalization of supply chain networks.
North America is one of the key growth regions in the warehouse management system market. Increased adoption of cloud technology, growth of the e-commerce industry, highly developed warehousing infrastructure, and extensive third-party distribution network are influencing the growth of the warehouse management system market in North America.
Key players operating in the warehouse management system market include Epicor Software Corp. (US), JDA Software Group, Inc. (US), Manhattan Associates, Inc. (US), Oracle Corp. (US), SAP SE (Germany), IBM Corp. (US), Infor, Inc. (US), PTC Inc. (US), PSI AG (Germany), TECSYS Inc. (Canada), BluJay Solutions (UK), and HighJump (US).