At 11.3% CAGR, the South America Warehouse Management System Market is projected to be worth US$ 1,059.24 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South America warehouse management system market was valued at US$ 499.82 million in 2023 and is expected to reach US$ 1,059.24 million by 2030, registering a CAGR of 11.3% from 2023 to 2030. Relocation to cloud-based wms and e-commerce production growth are the critical factors attributed to the South America warehouse management system market expansion.             

E-commerce is highly competitive, and online businesses rely on efficient warehousing to support future growth. In addition, e-commerce businesses have many operational expenses, the primary two being inventory holding and operations costs. Also, companies in this industry increase profit margins by integrating a warehouse management system (WMS) that improves warehouse performance. For example, many online retailers must accelerate order fulfillment and shipping to maintain their competitive position. Organizations are working to gain greater control and transparency across their supply chains to keep up with demand and move items into and out of the warehouse at the rapid pace required within the industry. In April 2021, Honeywell International Inc. launched a new software-as-a-service offering of its WMS for warehouses, and distribution centers. In addition, the scalable and cloud-based WMS is designed to plug and play with marketplaces integrated with existing systems and connected to top e-commerce platforms and courier services in the region. Furthermore, retailers often need to interconnect functions across multiple locations, including brick-and-mortar stores, websites, and mobile apps. All data from these diverse sources must be compiled in a common enterprise resource planning system and integrated into warehouse management systems to provide full visibility into inventory levels and shipping requirements. As a result, rapid growth in e-commerce sector fueling the demand for WMS solutions in South America. This is expected to drive the South America warehouse management system market during the forecast period.

On the contrary, high initial investment charge and absence of awareness about wms hurdles the growth of South America warehouse management system market. 

Based on component, the South America warehouse management system market is categorized into hardware, software, and services. The hardware segment held 52.3% market share in 2023, amassing US$ 261.46 million. It is projected to garner US$ 575.66 million by 2030 to expand at 11.9% CAGR during 2023–2030.

Based on tier type, the South America warehouse management system market is categorized into advance [Tier 1], intermediate [Tier 2], and basic [Tier 3]. The intermediate [Tier 2] segment held 46.0% market share in 2023, amassing US$ 230.12 million. It is projected to garner US$ 502.04 million by 2030 to expand at 11.8% CAGR during 2023–2030.

Based on industry, the South 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 32.7% share of South America warehouse management system market in 2023, amassing US$ 163.62 million. It is projected to garner US$ 370.02 million by 2030 to expand at 12.4% CAGR during 2023–2030.

Based on country, the South America warehouse management system market has been categorized into Brazil, Argentina, and the Rest of the South America.  Our regional analysis states that Brazil captured 76.0% share of South America warehouse management system market in 2023. It was assessed at US$ 379.85 million in 2023 and is likely to hit US$ 794.43 million by 2030, exhibiting a CAGR of 11.0% during the forecast period.            

Key players dominating the South 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; and PTC Inc among others.

• In Mar 2022, Softeon to Showcase Smart Warehouse of the Future Capabilities at MODEX 2022 Show March 28-31 in Atlanta.
• In Aug 2022, Mooneh Fulfillment & Logistics Optimizes Warehouse Management with SNS and Infor.

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