The Warehouse Execution System by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Warehouse Execution System, The warehouse execution system market size has grown rapidly in recent years. It will grow from $1.79 billion in 2023 to $2.02 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to pilot projects and success stories, industry-specific requirements, focus on real-time visibility, labor shortages and cost pressures, customer expectations..
The warehouse execution system market size is expected to see rapid growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to cross-industry adoption, data analytics, focus on sustainability, customer-centric fulfillment, demand for operational efficiency.. Major trends in the forecast period include automation and robotics integration, ai and machine learning implementation, multi-channel fulfillment, cloud-based solutions, dynamic slotting and inventory optimization..
The rising growth of the e-commerce sector owing to the pandemic propels the growth of the warehouse execution system market. E-commerce (electronic commerce) refers to the purchasing and selling of goods and services, along with the transmission of payments and data, over an electronic network, primarily on the internet. A warehouse execution system helps E-commerce by managing, optimizing, and directing the physical work processes such as picking, receiving, and replenishment in a warehouse or distribution center. For instance, according to the US Department of Commerce, the executive department of the U.S. federal government, concerned with economic growth and opportunity, in the first quarter of 2022, retail e-commerce sales increased by 2.4 % as compared to the first quarter of the previous year, 2021, which was valued at $250.0 billion. Therefore, the rising growth of the e-commerce sector owing to the pandemic is driving the warehouse execution system market growth.
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The warehouse execution system market covered in this report is segmented –
1) By Component: Software, Service
2) By Deployment: On-Premises, Cloud
3) By End User: Consumer Electronics, Healthcare, Food And Beverages, Automotive, Third-Party Logistics (3PL), Other End Users
Technological advancements are the key trends gaining popularity in the warehouse execution system market. Major companies operating in the warehouse execution systems sector are focused on developing new technologies to strengthen their position in the warehouse execution systems market. For instance, in May 2021, Matthews Automation Solutions, a US-based automation company, launched a new product called Nexus. Nexus is a warehouse execution system (WES) that is designed to connect various automated processes to manage them as a centralized, integrated material handling system. It offers full visibility of the entire system, a balanced workflow, and an easy-to-use interface. With real-time data visualization, the system provides easily readable screens and a landing dashboard with customizable widgets. Nexus is accessible on multiple devices, including PCs, tablets, and smartphones, and supports dark and light themes with colorblind support. The system also features robust security with Microsoft Identity single sign-on and role-based security.
The warehouse execution system market report table of contents includes:
Executive Summary
Warehouse Execution System Market Characteristics
Warehouse Execution System Market Trends And Strategies
Warehouse Execution System Market - Macro Economic Scenario
Global Warehouse Execution System Market Size and Growth
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Global Warehouse Execution System Market Competitive Benchmarking
Global Warehouse Execution System Market Competitive Dashboard
Key Mergers And Acquisitions In The Warehouse Execution System Market
Warehouse Execution System Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:
Softeon
SSI SCHAEFER - Fritz Schaefer GmbH
Fortna Inc
Invata Intralogistics
Tompkins International Inc
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Market SynopsisAs per the evaluation by Market Research Future Reports (MRFR), the global modern manufacturing execution system market is estimated to expand at a CAGR of 15.41%, with a value of USD 12,125.4 million during the forecast period from 2019 to 2027.
The low installation cost is estimated to be a significant factor driving the global modern manufacturing execution system market 2020.
It will provide market opportunities for manufacturing execution system providers.
However, the expenses involved in maintaining the system and the requirement of high investments are likely to impede market growth during the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1094The outbreak of COVID-19 is likely to change the market dynamics of several regions.
Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries.Market SegmentationThe global modern manufacturing execution system market can be segregated based on deployment, component, discrete industry, and region.Based on deployment, the global modern manufacturing execution system market can be classified into the hybrid, cloud, and on-premise.Based on component, the global modern manufacturing execution system market can be classified into Software (Enterprise Resource Planning (ERP), Warehouse Management, and Product Lifecycle Management (PLM)) and Service (Consulting & Development, Training & Support, and Integration Service).Based on the discrete industry, the global modern manufacturing execution system market can be classified into Automotive, Electronics, Medical, Aerospace & Defense, FMCG, and others.Based on region, the global modern manufacturing execution system market can be classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW).Regional AnalysisThe geographical evaluation of North America, Europe, Asia-Pacific, and Rest of the World (RoW) has been performed.
There have been several initiatives taken by the government to encourage the usage of Industry 4.0, which is likely to drive the market growth.
