WMS market to top $5bn by 2025
The global market for warehouse management systems will be worth $5 billion, by 2025, according to a study by ABI Research.
It estimates that over the same period, 57,000 more warehouses will be in operation than in 2018, largely as a result of the continued growth of the e-commerce market.
The Asia-Pacific will experience the highest growth of warehouse facilities and WMS revenue, becoming the largest market for the software by 2023. The rapid adoption of WMS is also expected in the emerging economies of the Middle East, Africa, and Latin America. Europe and North America will experience strong growth as supply chain operators increase spending on upgraded software systems.
The Intelligent Supply Chain market data report also suggested that WMS spending will also vary according to industry verticals. The retail, food and beverage, and manufacturing sectors will be responsible for the highest growth rate as they catch up with more mature verticals, such as logistics service providers.
Nick Finill, principal analyst at ABI Research, said: “As the warehouse technology ecosystem becomes increasingly complex, supply chain operators require more sophisticated management systems that can orchestrate the high volume and variety of intelligent, connected devices and systems within their facilities, as well as the flow of inventory.”
