Report : Europe Warehouse Management System Market Forecast to 2030 - 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 17.7% CAGR, the Europe Warehouse Management System Market is speculated to be worth US$ 16,860.06 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Europe warehouse management system market was valued at US$ 5,386.22 million in 2023 and is expected to reach US$ 16,860.06 million by 2030, registering a CAGR of 17.7% from 2023 to 2030. Passage to cloud-based wms and e-commerce manufacturing growth are the critical factors attributed to the Europe warehouse management system market expansion.
The cause-and-effect situation in a supply chain network is relatively straightforward. Organizations have more geographic distribution within their warehouse network, adding a layer of complexity regarding management. Managing a supply chain across borders also introduces regulatory and localization complexity that must be dealt with, as users in different countries use the same underlying systems to get the job done. Moreover, WMS plays a critical role in helping organizations deal with the added logistical burden of globalization. Leading WMS solutions can take this to another level through specialized data collection and integration tools. Furthermore, supply chain management aims to maintain an uninterrupted flow of goods, from collecting raw materials to manufacturing to distributing the final product. Therefore, growing supply chain network to manage all the moving parts, the warehouse management system is essential in streamlining the supply chain networks. This is expected to drive the Europe warehouse management system market during the forecast period.
On the contrary, high initial investment price and need of awareness about wms hurdles the growth of Europe warehouse management system market.
Based on component, the Europe warehouse management system market is categorized into hardware, software, and services. The hardware segment held 47.6% market share in 2023, amassing US$ 2561.64 million. It is projected to garner US$ 7987.20 million by 2030 to expand at 17.6% CAGR during 2023–2030.
Based on tier type, the Europe warehouse management system market is categorized into advance [Tier 1], intermediate [Tier 2], and basic [Tier 3]. The intermediate [Tier 2] segment held 44.3% market share in 2023, amassing US$ 2,384.49 million. It is projected to garner US$ 7,689.50 million by 2030 to expand at 18.2% CAGR during 2023–2030.
Based on industry, the Europe 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 31.0% share of Europe warehouse management system market in 2023, amassing US$ 1,668.23 million. It is projected to garner US$ 5,697.69 million by 2030 to expand at 19.2% CAGR during 2023–2030.
Based on country, the Europe warehouse management system market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 32.5% share of Europe warehouse management system market in 2023. It was assessed at US$ 1,751.38 million in 2023 and is likely to hit US$ 5,149.53 million by 2030, exhibiting a CAGR of 16.7% during the forecast period.
Key players dominating the Europe 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; PTC Inc; and Tecsys Inc among others.
- In Mar 2019, Panasonic Highlights Solutions to Tackle Frontline Operational Issues at RETAILTECH JAPAN 2019.
- In Aug 2022, Mooneh Fulfillment & Logistics Optimizes Warehouse Management with SNS and Infor.
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