Global Warehouse Execution System Market to reach USD 2.8 billion by 2027.Global Warehouse Execution System Market is valued at approximately USD 1.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2021-2027. Warehouse execution software enables the user to efficiently manage the workflow within a warehouse or distribution center. It helps the facility owners in managing resources, optimizing operations, and coordinate equipment and labour. With increasing order volumes and growing trend of online shopping, the demand for WES is growing significantly. The Covid-19 pandemic has also added to the popularity of online sales channels, thus helping the market. Moreover, manufacturers are focusing on automating their facilities and services which includes, intelligent routing, real-time visibility, congestion management, automated sortation, etc. This would lead to innovation and new product launches by market players, which would propel the market forward. For instance, in March 2020, Softeon launched an advanced solution that is a combination of WMS (Warehouse Management System) and WES solutions. However, high investment and running costs and lack of awareness regarding the benefits of WES solutions may hamper the market growth.
Europe emerged as a significant region for the global Warehouse Execution System Market and is continuing to grow at a healthy pace. This growth can be attributed to growing awareness regarding cloud-based solutions and the presence of various WES software providers in the region. Asia Pacific is expected to register the highest CAGR over the forecasted years due to the presence of rapidly growing economies including India and China in the region.
Major market player included in this report are:
Honeywell International Inc.
Fortna Inc.
SSI SCHAEFER
Manhattan Associates
Bastian Solutions, LLC
VARGO
Matthews Automation Solutions
Invata Intralogistics
Softeon
WESTFALIA TECHNOLOGIES, INC.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Services
By Deployment:
On-premises
Cloud
By End-User:
Consumer Electronics
Healthcare
Food & Beverages
Automotive
Third-Party Logistics (3PL)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year -2020
Forecast period - 2021 to 2027.
Target Audience of the Global Warehouse Execution System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors