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A warehouse management system can be defined as a software program that is designed and developed to facilitate the ease of real-time tracking of the location of the goods within a warehouse. This software provides an enhanced potential for handling operations at a warehouse or distribution centre. Its critical capabilities comprise stock locating, order receiving, inventory management, order picking, task interleaving, cycle counting, order allocation, labour management, packing, replenishment, and shipping. Over the past couple of years, the warehouse management system market has witnessed tremendous transformation in terms of handling complicated warehouse infrastructures and its total cost of ownership. With the implementation of cloud-based WMS solutions and services, the total cost of ownership has reduced remarkably.
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The rise in the adoption of automation in the US is a major factor driving the sales of warehouse management systems in North America. In 2020, Radwell International, Inc. constructed a new 86,000-square-foot automated distribution center in its Texas branch. They introduced AutoStore solution with Swisslog’s SynQ software in their distribution center. This automated solution helped the company improve material flow and automation control system functionality with the assistance of robots and warehouse management system software. In addition, the rising adoption of the cloud among enterprises across North America to optimize their business process contributes to the demand for WMS, and therefore fueling the warehouse management system market.
One of the major factors that impact the warehouse management system market growth is a surge in the e-commerce industry. The bolstering sales in e-commerce and the rising demand for efficient solutions to meet the omnichannel fulfillment demands have significantly driven the logistics & warehousing industry. This has further encouraged warehouse management solutions and services providers to improve their offerings in terms of scalability, flexibility, and cost-effectiveness. Moreover, the ability of the warehouse management system to remarkably reduce the paperwork has resulted in a significant reduction in shipping/receiving process time. This system is designed to provide better accuracy for inventory, lot-tracking capabilities, and improved workflow.
North America is segmented into the US, Canada, and Mexico. The US held the largest warehouse management system market share in 2022 and is projected to grow at the highest CAGR during the forecast period. The supply chain industry in North America has been undergoing a dramatic transformation, which is also substantially impacting the fundamentals of distribution and warehousing. Most of these transformations are related to emerging technologies such as automation and cloud services that have plummeted the gap between supply chain operations and customers. According to SAP in October 2022, a survey found that two out of three companies are adopting a “just in case” supply chain instead of a “just in time” supply chain to track large standing inventory. This shift is adopted by companies to meet customer demand on time. This “just in case” supply chain can be efficiently handled by a highly adaptive and scalable warehouse management system. Thus, “just in case” supply chain trend is projected to increase the demand for warehouse management systems.
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The COVID-19 outbreak significantly affected most industries across the globe. While few industries experienced a contraction in their productions and businesses, others faced severe outcomes such as the shutdown of businesses and movement restrictions. For instance, manufacturing, automotive, electricals and electronics, and construction industries had the most reductions, and on the other hand, healthcare and e-commerce businesses had a surge in demand. The implementation of lockdowns, social distancing, and various other safety measures in response to the pandemic led consumers to pursue online purchasing. The need for warehousing increased due to the rising trend of online purchasing, and several multinational companies set up new warehouses across numerous countries to accommodate this surge in demand. As COVID-19 subsides, the manufacturers continue to operate with a shortage of reliable warehouse labor. In addition, there is a massive labor reliability and warehouse operators are turning to WMS labor management/resource management solutions. There is growing need for WMS solutions to assist with employee engagement, labor productivity, and the identification of more creative ways to increase warehouse performance. Moreover, several companies are turning to automation and robotics to expand warehouse productivity. Also, WMS providers that support automation integration and orchestration largely benefit from the ability to manage warehouse labor and automation capabilities in concert.
Key Findings of Market Study:
The rise of e-commerce and retail sectors within the UAE has given a major boost to launching new distribution and warehousing facilities. For instance, in January 2023, AD Ports Group partnered with Ghassan Aboud Group to launch a 3.3 square kilometer wholesale food trading and logistics hub in KIZAD. This “Regional Food Hub – Abu Dhabi” will use all advanced technologies for automation to ensure the business is running efficiently and successfully. Thus, development of the e-commerce sector and new installation of wholesale hubs in the UAE are fueling the warehouse management system market growth. Moreover, the presence of warehouse management system providers such as PACT Business Solutions across the UAE is propelling the warehouse management system market size.
The Rest of MEA warehouse management system market includes countries such as Qatar, Egypt, Turkey, and Kenya. There is a rise in the launch of new warehouses across various countries in the MEA. For instance, according to Transport and Logistics, in December 2022, GAC Qatar, in partnership with Qatar Free Zones Authority (QFZA), opened a new, sustainably built 27,000-meter square logistics facility in Qatar. By expanding the company’s infrastructure, the company will provide better customer services in local and international markets. Moreover, the Egypt e-commerce market is rising due to the large population of over 100 million people and a high number of internet users. Thus, enterprises choose logistics providers such as Aramax and DHL for warehousing solutions, which further increases the warehouse management system market. Furthermore, according to PeoplActive, in December 2022, cloud computing in Turkey boosted due to the rollout of 5G with rising internet usage. Thus, rise in adoption of cloud services by companies in Turkey will propel the demand for warehouse management systems. In addition, rising e-commerce activities, opening of new warehouse facilities, and adoption of cloud services across the countries in the MEA will fuel the warehouse management system market growth.
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