Warehouse Management Systems Market will Generate Massive Revenue In Future – A Comprehensive Study On Key Players 2019 - 2027
The global warehouse management systems market was worth US$ 2,114.0 Mn in 2019 and is expected to reach US$ 6,184.3 Mn by 2027 , expanding at a CAGR of 14.4% from 2019 to 2027. The global market for warehouse management systems is driven by technological developments, rising adoption of cloud based warehouse management systems, increased demand from the health care and retail sectors, and strong demand from the Asia Pacific region. The expanding application areas of warehouse management systems along with improved functionality is also generating high demand for warehouse management systems specifically in Europe and the North America region. On the other hand, the warehouse management systems market is hampered by requirement of high initial investment cost for the deployment of on-premise WMS system and lack of ICT infrastructure and system scalability. However, the growing demand for cloud bas...