Published Date: 18-Aug-2021
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According to a new report Global Warehouse Execution System Market, published by KBV research, The Global Warehouse Execution System Market size is expected to reach $2.5 billion by 2027, rising at a market growth of 12.3% CAGR during the forecast period.
By component, the software segment acquired the largest revenue share in the market in 2020 and will continue this trend even during the forecast period. This growth is attributed to the features of the WES solutions to boost the potential of automated warehouses. It is attained by handling labor, inventory resources, and machines besides a vast volume of orders and stringent delivery timelines.
The cloud segment is also estimated to garner the highest growth rate during the forecast period. Cloud-based system solution provides numerous benefits over legacy on-premises deployment. There are various new technological advancements taking place in the market, which could make on-premises systems outdated in a short period of time. The exceptional compatibility of cloud-based systems with the latest technology & services helps it in becoming a more acceptable and flexible choice over on-premises deployment.
Asia Pacific region would showcase the fastest growth rate during the forecast period. The presence of many high-growth nations like Japan, India, and China among others is supporting the growth of this regional market. The rising disposable income is propelling the e-commerce activity in this region, which further increases the burden on the warehouses. There are many companies that are increasingly adopting sophisticated systems in order to manage their huge inventories and further handle & execute supply chain operations efficiently.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Deployment Type
By End User
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