Report : North America 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 15.4% CAGR, the North America Warehouse Management System Market is speculated to be worth US$ 9,475.70 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the North America warehouse management system market was valued at US$ 3,485.84 million in 2023 and is expected to reach US$ 9,475.70 million by 2030, registering a CAGR of 15.4% from 2023 to 2030. Migration to cloud-based wms and e-commerce industry growth are the critical factors attributed to the North America warehouse management system market expansion.
Among distributors and manufacturers, the demand for warehouse management systems continues to rise across basic functionality with the flexibility to grow and expand the supply chain. To support multiple clients at a warehouse or serve one enterprise, distributors and manufacturers focus on increasing profitability with the help of cloud migration. The cloud-based warehouse management solutions with an efficient and structured methodology ensure the successful migration of dynamic and master data into the target system. Moreover, a cloud-based, customizable, standalone warehouse management system with integrated enterprise resource planning (ERP) systems and supply chain modules streamlines every business process. As information technology undergoes rapid change, organizations of all types embrace moving computing infrastructure from on-premises to the cloud. In May 2020, Manhattan Associates Inc.—one of the significant leaders in warehouse management software—unveiled the new Manhattan active warehouse management solution, the world’s first cloud-native enterprise-class WMS. In addition, it unifies every aspect of distribution and never needs upgrading. Therefore, modernizing, upgrading, and improving an incumbent warehouse involves migrating data from platform to platform and from on-premises to cloud systems.
Growing economies across manufacturing, healthcare, and retail sectors impact operational efficiencies, resulting in increased production levels to manage the increasing consumer demands. To address these growing demands, warehousing companies are also continually progressing to overcome any challenges that may arise due to fluctuating product markets and logistics schedules. Moreover, advanced technologies are being implemented in warehouse management systems to meet customer requirements. With the help of big data, artificial intelligence, and advanced predictive analytics technologies, conventional warehouse planning and analysis enhance real-time stock-level information. It is used to optimize ordering quantities and delivery timing. In addition, predictability and service level for the end consumer can be visibly improved, and risks of supply chain disruptions are minimized. More advanced use of computer vision in autonomous machines, such as transport robots in warehouses or drones for the transportation of packages directly, will allow future integration of these devices into the Internet of things, thereby improving the efficiency of the logistics supply chain. This is expected to drive the North America warehouse management system market during the forecast period.
On the contrary, high initial investment cost and lack of awareness about wms hurdles the growth of North America warehouse management system market.
Based on component, the North America warehouse management system market is categorized into hardware, software, and services. The hardware segment held 47.9% market share in 2023, amassing US$ 1,670.09 million. It is projected to garner US$ 4,476.22 million by 2030 to expand at 15.1% CAGR during 2023–2030.
Based on tier type, the North America warehouse management system market is categorized into advance [Tier 1], intermediate [Tier 2], and basic [Tier 3]. The intermediate [Tier 2] segment held 47.0% market share in 2023, amassing US$ 1639.26 million. It is projected to garner US$ 4571.30 million by 2030 to expand at 15.8% CAGR during 2023–2030.
Based on industry, the North America 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 North America warehouse management system market in 2023, amassing US$ 1,088.24 million. It is projected to garner US$ 3,261.14 million by 2030 to expand at 17.0% CAGR during 2023–2030.
Based on country, the North America warehouse management system market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.9% share of North America warehouse management system market in 2023. It was assessed at US$ 2,577.08 million in 2023 and is likely to hit US$ 7,117.20 million by 2030, exhibiting a CAGR of 15.6% during the forecast period.
Key players dominating the North America 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 Nov 2022, SAP Named a 2022 Magic Quadrant Transportation Management Systems and Magic Quadrant for Warehouse Management Systems Leader by Gartner.
- In July 2019, Epicor Acquires Warehouse Management Solution Provider Majure Data.
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