20 likes | 35 Views
The Warehouse Management System market is estimated at USD2.4 billion in 2020 and is expected to reach USD5.1 billion by the end of 2025, at a CAGR of 16.0%.
E N D
WAREHOUSE MANAGEMENT SYSTEMMARKETLEADERSHIP The Warehouse Management Systemmarket is estimated at USD2.4 billion in 2020 and is expected to reach USD5.1 billion by the end of 2025, at a CAGR of 16.0%. This growth in the Warehouse Management System market can be attributed to varying supply chain models of product manufacturers and rapidly rising consumer demand, particularly in the transport and logistics and retail sectors. The WMS software is used by several end users such asB2B distribution companies, third-party logistics, and other manufacturing companies. The software helps in efficiently managing complex as well as less complex, resource-restricted warehouseoperations. In 2019, the Warehouse Management System market was dominated by Manhattan Associates (US), Oracle(US), SAP (Germany), and IBM (US). A few of the key strategies executed by these players to compete in the best Warehouse Management Systemmarket include product launches, partnerships, collaborations, and agreements. There were also a significant number of acquisitions& mergers during thisperiod. Manhattan Associates (US)creates, sells, and deploys progressive supply chain software solutions across the globe. The company sells its software licenses, services, and hardware products in three regions, namely, the Americas, Europe, Middle East &Africa, and the Asia Pacific. The company offers its WMS software under the supply chain solutionssegment. The company is a leading provider of innovative WMS software solutions and highly advanced supply chain solutions. Manhattan Associates’ WMS product is a blend of several solutions, including warehouse management, labor management, trading partner management, supply chain intelligence, yard management, and transportationexecution. May 2020- Manhattan Associates introduced the Manhattan Active Warehouse Management solution. February 2020 - Manhattan Associates entered into a contract with Bapcor, who plans to implement Manhattan’s Warehouse Management Solution (WMS) across its Australian distribution centers (DCs)network. Oracle (US)specializes in a variety of cloud-as-a-service products, including human capital management (HCM), enterprise resource planning (ERP), customer experience (CX), and supply chain management (SCM). The company offers Warehouse Management Systems through its Cloud and License segment. Oracle’s WMS software solutions offer highly advanced and sophisticated functionalities, including inventory control, replenishment management, task management, dock and yard management, putaway optimization, analyzing, andreporting. January 2020 - Oracle entered into a contract with Creansmaerd, an IT solutions and service provider supporting client marketing and customer relationship management across the distribution, retail, and servicesindustries. September 2019 - Oracle entered into a contract with JASCI Software (US), a SaaS innovator leveraging AI to optimize its customers’ warehouse, inventory, orders, labor, and shipping with real-time visibility to accelerate the supply chain in the 24/7 demands of e- commerce.
360QUADRANTS SCORINGMETHODOLOGY • Top companies in the Warehouse Management Systemmarket will be rated using the following methodology - • A highly experienced team of researchers and senior analysts conduct extensive research to generate a list of vendors(competitors). • A patent-pending algorithm is used to collect inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for Product Maturityand • CompanyMaturity. • Criteria under Product Maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact oncustomer • value. • Criteria under Company Maturity include geographical footprint, partner ecosystem, financial stability, and client coverage or sectorfootprint. • Approximately 20+ in-depth parameters will be considered for research for the Warehouse Management System market. These parameterswill be updated every sixmonths to ensure • latest developments are taken intoconsideration. • A weight is assigned to each stakeholder based on information gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order ofpriority • givenbelow: • Buyers • Industry Experts • 360QuadrantsAnalysts • Vendors(Competitors) • The inputs are analyzed, and a final rating is assigned to each vendor(competitor). • After the finalization of ratings, each vendor is placed in the most relevant quadrant based on theirscore. • ABOUT 360QUADRANTS • 360Quadrants is the largest marketplace looking to disrupt USD 6.3 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces, to be consumed by giants and start-ups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 buyers across variousmarkets. • 360Quadrants will also be launching quadrants in fields such asDigital Transformation Software, Cloud Computing Software, and Access ControlSoftware.