Rising Demand for Warehouse Management Systems in Asia Pacific to Present Highly Lucrative Opportunities for Market Players
In 2015, SAP SE and Oracle Corporation jointly accounted for a share of just under 40% in the global warehouse management systems (WMS) market , signaling the high degree of consolidation in this market. Transparency Market Research finds that most companies have been engaged in geographical expansions into emerging markets, especially across Latin America and Asia Pacific, in order to strengthen their foothold in the WMS market. Warehouse Management Systems Market: Snapshot The emergence of digital technology has led to the increased adoption of warehouse management systems (WMS) in a number of applications. A booming e-commerce industry and the subsequent adoption of WMS in this sector is expected to drive the global warehouse management systems market. Another significant factor supporting its growth is the increasing adoption of BYOD in various industries such as retail, 3PL, healthcare, and manufacturing. This has led to an increasing demand for cloud-b...