SOURCE RESEARCH
Smart Warehousing
Market Data | 1Q 2024 | MD-SMWH-104
Get The ReportWarehouse Management Systems (WMSs) manage inventory flow through warehouses, fulfillment centers, and distribution centers. The WMS houses a variety of crucial operational data, such as availability and location of inventory, estimated processing times, work schedules, goods receipt information, and distribution schedules, across one or multiple facilities.
ABI Research forecasts WMS revenue to grow at a CAGR of 15.7% between 2024 and 2030, increasing from US$4.5 billion to US$10.7 billion. Our market forecast indicates that the manufacturing industry is the largest market opportunity for WMS software (US$3.2 billion in 2030), followed by retail (US$2.5 billion), Logistics Service Providers (US$2.2 billion), and Food & Beverage (US$1.6 billion). The healthcare sector is a more nascent opportunity (US$642 million).
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