Report : Asia Pacific Warehouse Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), Tier Type (Advance [Tier 1], Intermediate [Tier 2], and Basic [Tier 3]), and Industry (Manufacturing, Automotive, Food and Beverage, Electrical and Electronics, Healthcare, Retail and E-commerce, and Others)
At 18.9% CAGR, the Asia Pacific Warehouse Management System Market is speculated to be worth US$ 21,963.59 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific warehouse management system market was valued at US$ 6,526.94 million in 2023 and is expected to reach US$ 21,963.59 million by 2030, registering a CAGR of 18.9% from 2023 to 2030. Immigration to cloud-based wms and e-commerce industry development are the critical factors attributed to the Asia Pacific warehouse management system market expansion.
While companies continuously search for better methods to get packages to customers’ front doors, they also look for locations to distribute packages to delivery drivers. Warehouses are not cheap and cost enough that most companies may not build a warehouse until a contracted project is perceived to be 80% full. For instance, Amazon builds regional warehouses and fewer major warehousing hubs. This trend is becoming a global phenomenon, bringing the products closer to the consumer and making them easier to deliver promptly. The smaller regional warehouses also take up a smaller footprint, making it easier for them to get approved and constructed. This growing developments in regional warehouses in the construction of new warehouses by e-commerce and other large enterprises would increase the demand for WMS deployment in remote locations. This is expected to drive the Asia Pacific warehouse management system market during the forecast period.
On the contrary, high initial investment rate and shortage of awareness about wms hurdles the growth of Asia Pacific warehouse management system market.
Based on component, the Asia Pacific warehouse management system market is categorized into hardware, software, and services. The hardware segment held 51.2% market share in 2023, amassing US$ 3,339.15million. It is projected to garner US$ 1,1285.29million by 2030 to expand at 19.0% CAGR during 2023–2030.
Based on tier type, the Asia Pacific warehouse management system market is categorized into advance [Tier 1], intermediate [Tier 2], and basic [Tier 3]. The intermediate [Tier 2] segment held 46.9% market share in 2023, amassing US$ 3,063.66million. It is projected to garner US$ 1,0569.48 million by 2030 to expand at 19.4% CAGR during 2023–2030.
Based on industry, the Asia Pacific warehouse management system market is categorized into manufacturing, automotive, food and beverage, electrical and electronics, healthcare, retail and e-commerce, and others. The retail and e-commerce segment held 31.2% share of Asia Pacific warehouse management system market in 2023, amassing US$ 2,034.36 million. It is projected to garner US$ 7,562.76 million by 2030 to expand at 20.6% CAGR during 2023–2030.
Based on country, the Asia Pacific warehouse management system market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.5% share of Asia Pacific warehouse management system market in 2023. It was assessed at US$ 2,057.76 million in 2023 and is likely to hit US$ 6,639.59 million by 2030, exhibiting a CAGR of 18.2% during the forecast period.
Key players dominating the Asia Pacific warehouse management system market are International Business Machines Corp; SAP SE; Epicor Software Corp; Softeon Inc.; Oracle Corp; Panasonic Holdings Corp; Infor Inc; Manhattan Associates Inc; and PTC Inc among others.
- In April 2022, Bata India doubles labor productivity with Oracle Cloud.
- In Mar 2019, JDA and Panasonic to Establish Joint Venture Company in Japan.
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