“The APAC warehouse management systems market is expected to grow from $ 575.2 million in 2018 to $ 2,332.3 million in 2027, an annual growth rate of 17.5% between 2020 and 2027.” The emerging e-commerce industry supports the growth of the warehouse management systems market. For example, many online retailers had to speed up order fulfillment and shipping to compete in the industry. As a result, companies need to work to achieve greater levels of control and transparency across their supply chains so that they not only keep pace with demand, but can move items into and out of the warehouse at the pace required by the industry.
All of this must be done without sacrificing key performance indicators such as inventory reduction and customer satisfaction. All of these factors will drive the growth of the warehouse management systems market in the future. Similarly, the adoption of artificial intelligence has increased noticeably in developing countries in the Asia-Pacific region. This has led to competition between different technology-based industries. For this reason, the technology providers in the region are making considerable efforts to build a sustainable business in the market for warehouse management systems.
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• IBM Corporation
• PSI Software AG
• SAP SE
• Epicor Software Corporation
• Oracle Corporation
• JDA Software Group, Inc.
• Infor Inc.
• Manhattan Associates
• PTC Inc.
The market scenario for the global economic warehouse management system has started to stabilize and grow. Warehouses are also gaining momentum in terms of growth, which is likely to go beyond simply increasing throughput and volume. As the economy recovers, the warehouse industry is expected to take into account areas where there will be greater growth in the coming years. This would have a huge impact on IT and warehouse operations that require an advanced solution to strengthen the market for warehouse management systems.
Aside from the global recession, the market for warehouse management systems could face certain challenges due to trade tensions between the United States and China. These trade tensions have led to economic volatility, which has brought investors, users and developers into opposition. Due to the trade tensions between the two countries, not only will the trade costs of the important goods increase steadily, but the market would also provide for a certain realignment of the APAC, as both economies are sounding out newer trading partners. The excitement caused by these trade tensions has also triggered an understandable fear in the industries of the impact of increased tariffs on consumer goods, which will have the knock-on effect on warehouse space requirements.
This increase in labor costs would in turn increase the demand for cost-effective automation solutions that would lower operating costs and allow supply chain and logistics companies to focus on improving their end-customer service. The trend is expected to benefit the market for warehouse management systems in all major countries in the regions in the coming years.
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• Examine in-depth APAC market trends and prospects in relation to the factors that drive the market and those that hinder it
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