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San Francisco, July 15, 2021 /PRNewswire/ – Global Warehouse Execution System Market Estimated size achieve $2.97 billion According to a new report by Grand View Research, Inc, by 2028, the compound annual growth rate from 2021 to 2028 is 14.2%The e-commerce market is growing rapidly, and the number of distribution centers (DC) operations continues to increase. The increase in order volume and speed has promoted the adoption of advanced software solutions in the warehouse, which has also increased the market demand for the Warehouse Execution System (WES).
Warehouse execution system software provides multiple functions, including labor management, planning, and inventory management. Companies that implement WES in warehouses/distribution centers mainly use these two functions of WES. In addition, the software also includes real-time analysis and reporting capabilities, enabling users to view operational and labor data in real time.
Main insights and findings:
- The market is mainly driven by the increasing demand to improve the efficiency of warehouses and distribution centers
- In 2020, the software sector has the largest revenue share, exceeding 68%.This is mainly due to the cost and operational benefits provided by WES software, such as increased productivity and improved visibility, etc.
- The cloud-based deployment sector accounts for the majority of the market and is expected to achieve the fastest compound annual growth rate during the forecast period.The cloud-based system reduces the upfront cost of software implementation to a significant level, which contributes to high revenue share and growth
- The third-party logistics (3PL) sector has the largest market share in 2020.The rapid growth of the e-commerce industry and the consequent increase in the complexity of logistics operations have promoted the growth of market segments
- Some well-known players in the WES market include Honeywell International; Shafer; Manhattan Associates; Fortner Corporation; and Bastian Solutions LLC
Read the 80-page market research report, “Warehouse execution system market size,…
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