COVID-19 E-commerce Growth Drives Warehouse Management Systems 9% CAGR
May 12, 2020
Technavio has been monitoring the warehouse management systems market and it is poised to grow by USD 1.21 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period.
A Technavio report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Growth of the e-commerce industry has been instrumental in driving the growth of the market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Blue Yonder Group Inc., Epicor Software Corp., HighJump Software Inc., Infor Inc., International Business Machines Corp., Manhattan Associates Inc., Oracle Corp., Reply Spa, SAP SE, and Tecsys Inc. are some of the major market participants.
The growth of the e-commerce industry will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Warehouse Management Systems Market is segmented: