Warehouse Execution System Market Analysis Report By Component, By Deployment, By End-user, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global warehouse execution system market was prized by USD 1.06 billion in 2020. It is projected to observe 14.2% CAGR from 2021 to 2028.

Drivers

The growth in the speed and quantity of the orders are the most important reasons for the rising implementation of the warehouse execution system (WES). The potentials presented by the WES software makes possible the end-users to efficiently as well as professionally administer workflows inside the delivery center or the storehouse. In addition, since warehouse execution system splits the tasks of warehouse control arrangement and storehouse administration method, it is, progressively more increasing its grip.

The warehouse execution system is a fusion structure of the software. It contains the ability of Warehouse Management System (WMS) plus Warehouse Control System (WCS). It is the perfect resolution for the businesses, possessing greater throughput requirements and huge quantity of the orders.

It assists to organize labor as well as equipment, by means of active optimization that makes possible the facility holders to optimize facility procedures and administer sources. Furthermore, by means of an augmented size of the orders, the automatic amenities of the warehouse have to be prepared with the newest technologies, to supply to the rising necessity for active accomplishment.

Effect of Covid-19

The eruption of Covid-19 pandemic has considerably affected the warehouse execution system market. The compulsory limitations by the government, enforced persons to increasingly make use of an e-commerce sales network for buying foodstuff along with the additional substances. Such excessive use of the online sales network forced companies to upgrade their warehousing infrastructure, by means of the space and machinery.

The increasing stress on quicker order completion, moreover, adds to the expansion of the market because the logistics suppliers, ever more, take on the warehouse execution system software, to boost logistical effectiveness.

Deployment Insight

In 2020, the cloud sector detained the leading, above 54.0% revenue share and led the warehouse execution system (WES) market. The enlargement of the cloud sourced technology, through various businesses, has considerably altered business procedure.

The deployment of the warehouse execution system suggestions on the cloud permits the end-users to decrease the price at the same time significantly growing effectiveness of the warehouse. Moreover, the sector is projected to record the maximum CAGR, during the forecast period. The cloud sourced structure solution present a variety of advantages above on-premises deployment.

The exceptional compatibility of the cloud sourced arrangement, by way of latest technology along with the services, creates it an additional flexible and reasonable alternative above on-premises deployment.

Component Insight

The software section held the major, more than 68.0% revenue share and led the warehouse execution system market, in 2020. Furthermore, the section is likely to stay leading, during the forecast period. The elevated development of this section is credited to the ability of the warehouse execution system resolution, to augment the prospective of mechanized warehouses. This is attaining by the administration of the machines, labor and supply sources, counter to the excessive order quantities, in addition to stringent timelines for the delivery.

The services section is expected to record the maximum development speed, during the forecast period. The rising use of warehouse management system (WMS) services, comprising training & consulting, maintenance & support plus others are adding to the expansion of the market.

End User Insight

The third-party logistics (3PL) sector detained the principal, above 29.0% revenue share of the market, in 2020. Moreover, the sector is projected to record the highest, roughly 15.9% CAGR, during the forecast period. A third-party service supplier deals with a huge quantity of products. It needs the implementation of computerized machinery.

In 2020, the automotive and food & beverages sectors detained the subsequent and the third major shares in the market. The automobile manufacturing companies, component suppliers and the resellers substantially make use of warehouses, meant for the stocking up many products, for extended time. Therefore, these businesses should possess well-organized warehousing ability to make sure the fast transfer of the products.

Besides, the warehousing functions are an essential transaction part for the companies, busy in food & beverage manufacturing. The restricted shelf life of the majority foodstuff material needs stringent as well as agile checking of the substances, stocked up in the storehouse, to decrease losses. The excellent operational abilities presented by the warehouse execution system facilitate manufacturing companies to augment their income as well as decrease losses.

Regional Insight

In 2020, Europe held the major, above 32.0% revenue share and led the global warehouse execution system market. Furthermore, the region is projected to carry on its domination, all through the forecast period. Greater alertness of cloud sourced results is one of the input causes for the enlargement of the region.

Besides, the region includes a number of big as well as recognized automotive manufacturing companies in the nations like France, the U.K., and Germany. This is, furthermore, adding to the elevated share of region as well as the development.
North America detained the subsequent major revenue share of the market, in 2020. The region was led by the U.S. The existence of a huge number of warehouse execution system software suppliers along with the greater amount of logistical movements, within the region, is the main cause for the greater share of the state.

Asia Pacific is projected to be the highest rising local market, by 2028. Highly developing economies like India, China and Japan plus others are adding to the enlargement of the local market. Growing stages of the disposable earnings is assisting the augmented e-commerce actions, through the region. Sequentially, this is raising the load on warehouses.

Companies

By means of taking on the policies like mergers & acquisitions, joint ventures, collaboration and investment, the companies are seeking to achieve greater share in the market. Additionally, the companies are presenting latest services & products plus are concentrating on retaining their prices competitive.

Some of the companies for warehouse execution system market are:

    • Softeon
    • Matthews Automation Solutions
    • Bastian Solutions, LLC
    • SSI SCHAEFER
    • Honeywell International Inc.
    • WESTFALIA TECHNOLOGIES, INC.
    • Invata Intralogistics
    • VARGO
    • Manhattan Associates
    • Fortna Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For this study, Million Insights has segmented the global warehouse execution system market report based on component, deployment, end-user, and region:

• Component Outlook (Revenue, USD Million, 2017 - 2028)
    • Software
    • Service
        • Consulting
        • Installation & Integration
        • Training and Support & Maintenance

• Deployment Outlook (Revenue, USD Million, 2017 - 2028)
    • On-premises
    • Cloud

• End-user Outlook (Revenue, USD Million, 2017 - 2028)
    • Consumer Electronics
    • Healthcare
    • Food & Beverages
    • Automotive
    • Third-Party Logistics (3PL)
    • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa