Warehouse Execution Systems Market size was estimated at $2.4 billion in 2021 and is expected to reach $7.8 billion by 2031, growing at a CAGR of 16% during the forecast period of 2022 to 2031.
Warehouse Execution Systems Market
A warehouse execution system is used in warehouses and distribution centers to manage, optimize, and direct the physical flow of products. The warehouse execution system is extensively utilized for managing various functions of the warehouse management system including dock management, yard management, labor management, inventory control, and others efficiently and productively. Moreover, it allows the management professionals to handle the warehouse control system over electronic devices. A warehouse execution system is generally integrated with warehouse management systems, enterprise resource planning systems, and various other inventory management software to optimize the physical work processes.
Warehouse Execution Systems Market Growth and trend
The warehouse execution system market is expected to grow substantially in the years ahead, owing to the rising adoption of automation in facilities. In addition, the commercialization of warehouse execution systems to assist in optimizing the order execution, real-time tracking, optimizes workflow, quick routing, and others are driving the warehouse execution system market growth. A warehouse execution system efficiently manages the entire warehouse process from receiving to delivery of the product. Furthermore, artificial intelligence and IoT-based technology are becoming the conventional technologies for warehouse execution system solutions. The growing focus of organizations for enhancing functionalities and reducing the cost of warehouse management is expected to fuel the demand for warehouse execution systems in the global market. Moreover, with the emergence of 5G network and cloud-based solutions, digital platforms help to manage the supply chain smoothly. However, the lack of workforce for maintenance of warehouse execution systems may decimate the market growth during the forecast period.
As the world moves through the Covid-19 pandemic, various industries have accelerated their digital transformation. The pandemic has pushed many organizations to adopt warehouse execution systems to enhance logistics and optimize the supply chain even during the strict lockdown.
Warehouse Execution System Market Segmentation
The global warehouse execution system market is segmented based on components, deployment, and end-users. Based on the component, the market is divided into services and software. The service segment is further divided into training, support & maintenance, installation, and interiors consulting. The software segment is likely to witness rapid growth over the forecast period due to the enhanced functionality of the system to scale up the potential of automated warehouses. By deployment model, the market is segregated into the cloud-based and on-premises models. The cloud-based segment holds the largest share in the market. The segmental growth can be attributed to the widespread adoption of cloud-based technologies by businesses around the world. By end-users, the global warehouse execution system market is classified as third-party logistics, automotive, food & beverages, healthcare, e-commerce, electronics, and others. The e-commerce segment is projected to be the fastest-growing segment due to growing online sales and the need to handle a high volume of products efficiently.
Warehouse Execution System Market Country Analysis
The largest share in the market is held by Europe. The regional growth can be attributed to the growing logistic activities in the region and increasing awareness among the business regarding the benefits of warehouse execution system solutions. On the other hand, the Asia Pacific is anticipated to grow at a high CAGR value. The factor propelling the regional market growth is the rising inclination of the population towards e-commerce platforms and the presence of emerging economies like India, China, and Japan.
Warehouse Execution System Market Share and Competition
The leading companies operating in the global warehouse execution system market are WESTFALIA TECHNOLOGIES, INC., Softeon, Invata Intralogistics, Matthews Automation Solutions, VARGO, Bastian Solutions, LLC, Manhattan Associates, SSI SCHAEFER, Fortna Inc., and Honeywell International Inc.
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• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Analysis (Revenue, USD Million, 2022 - 2031)
Deployment Analysis (Revenue, USD Million, 2022 - 2031)
End-Users Analysis (Revenue, USD Million, 2022 - 2031)
• Third-Party Logistics
• Food & Beverages
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Warehouse Execution Systems Market Companies
• WESTFALIA TECHNOLOGIES, INC.
• Invata Intralogistics
• Matthews Automation Solutions
• Bastian Solutions
• Manhattan Associates
• SSI SCHAEFER
• Fortna Inc.
• Honeywell International Inc.
• United States Warehouse Execution Systems Industry Research Report
• Europe Warehouse Execution Systems Industry Research Report
• Asia Pacific Warehouse Execution Systems Industry Research Report
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