iCrowd Newswire
15 Jan 2022, 07:32 GMT+10
The warehouse management system (WMS) market size to reach $3,112 million by 2022, growing at a CAGR of 15.2% from 2016 to 2022. This can be attributed to the increase in inventory and workload of WMS in warehouse operations. Europe is expected to be the largest market during the forecast period.
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By component type, software held the highest market share in 2015, and services is anticipated to show the highest growth rate. Among the various industry verticals, transportation & logistics is projected to dominate the market. However, pharmaceuticals industry is expected to have the fastest growth rate.
Key findings of the study:
The dominant players include Oracle Corporation, SAP SE, Infor Inc., and Manhattan Associates Inc., and others.
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