LAMEA Warehouse Execution System Market By Component (Software and Services), By Deployment Type (Cloud and On-premise), By End User (Third-Party Logistics (3PL), Automotive, Food & Beverages, Consumer Electronics, Healthcare and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Warehouse Execution System Market would witness market growth of 12.7% CAGR during the forecast period (2021-2027).
A warehouse execution system refers to software, which handles, improves, and guides the physical work processes in a warehouse or distribution center. A WES usually combines with an enterprise resource planning system (ERP), warehouse management system (WMS), or other inventory management software.
In addition, WES software enables companies to manage their sequences and controls DC resources that include people & automation systems, which are very important to moving goods in a warehouse or DC. This movement includes receiving, checking, and arranging inbound products for storage, replacement of picking locations from storage, put away of received goods into storage, picking of customer orders, checking & packing, order assembly, loading, and shipping. In addition, WES operates in real-time to allow better control of various components of a warehouse process in which shifting conditions in one work area or process would need changes in any other areas or upstream/downstream procedures.
The untapped potential of this region is attracting more companies towards this region to acquire a significant share in the regional market. With the rising income level of the consumers, the demand for various products in the food & beverage, healthcare, and automotive sector has increased. This has resulted in the growing need for warehouses in the region that would also create opportunities for the WES provider in the region.
Moreover, the expanding automotive sector in this region along with the shifting preference of the consumers towards online platforms for shopping their essential as well as luxurious items is projected to spur the regional growth of the WES market over the forecast period. These aspects would work collaboratively to push the warehouse execution system market in this region during the forecast period.
The Software market dominated the Saudi Arabia Warehouse Execution System Market by Component 2020, thereby, achieving a market value of $15.4 million by 2027. The Services market is expected to witness a CAGR of 15.4% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on End User, the market is segmented into Third-Party Logistics (3PL), Automotive, Food & Beverages, Consumer Electronics, Healthcare and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toyota Industries Corporation (Bastian Solutions LLC), VARGO Integrated Systems, Inc., Softeon, SSI Schaefer Group,Fortna, Inc. - Thomas H. Lee Partners, Invata Intralogistics, Matthews International Corporation, Westfalia Technologies, Inc., Honeywell International, Inc., and Manhattan Associates, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By End User
- Third-Party Logistics (3PL)
- Food & Beverages
- Consumer Electronics
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Toyota Industries Corporation (Bastian Solutions LLC)
- VARGO Integrated Systems, Inc.
- SSI Schaefer Group
- Fortna, Inc. - Thomas H. Lee Partners
- Invata Intralogistics
- Matthews International Corporation
- Westfalia Technologies, Inc.
- Honeywell International, Inc.
- Manhattan Associates, Inc.
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