2014-02-12 15:19:03 - Global Warehouse Management System Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global WMS market (Warehouse Management System) is to grow at a CAGR of 16.15 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for companies to reduce their overall cost. The Global Warehouse Management Software market has also been witnessing the emergence of software-as-a-service (SaaS) based solutions. However, the high cost needed to implement WMS could pose a challenge to the growth of this market.
Large enterprises and SMEs need WMS for the same reason. With the emergence of cloud computing, companies are attempting to shift all their informational data on a hosted system. SaaS-based WMS solutions have many benefits as the installation and maintenance of these solutions do not require
any extra cost. The major end-users for these solutions are SMEs that face budgetary constraints for IT infrastructure and staff and are looking toward SaaS-based WMS for advanced WMS capabilities. Hence, many vendors are offering flexible payment options to customers with respect to their usage of cloud-based WMS. In addition, the need for technical support staff is eliminated, as these tasks are performed by SaaS-based WMS vendors.
As a result of worldwide economic development, there is an increase in the demand for products and services. This increased demand has provided companies with a momentum to large-scale manufacturing of products. Therefore, companies are looking for solutions that can help them achieve large-scale manufacturing at a reduced cost, leading to an increased adoption of WMS solutions. WMS helps improve customer satisfaction while reducing production, labor, storage, distribution, and inventory cost.
One of the main challenges is the high cost of implementation. The high cost of implementation is inhibiting major enterprises from adopting WMS software. Although the use of technologically advanced equipment enhances the operational effectiveness and efficiency, it is expensive to implement them and requires a large amount of capital. It is essential for WMS software to be upgraded regularly to incorporate recent advancements; this makes the software costly.
The key vendors dominating this space include HighJump Software Inc., Manhattan Associates Inc., Oracle Corp., and Redprairie Corp.
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