Warehouse Management System Market was valued US$ 3.37 Bn in 2022 and is expected to reach US$ 8.99 Bn by 2029, at a CAGR of 15.04% during a forecast period.
Recent developments in global logistics, such as delivery KPIs, enhanced supply chain flexibility, and cost-cutting, are driving the third-party logistics and supply chain industries to adopt warehouse management systems. The rise of e-commerce and online purchasing habits among consumers is driving the growth of the warehouse management systems industry. Favorable trade and government policies, as well as lower company taxation, are some of the drivers promoting foreign investment in developing economies. As a result, emerging nations are one of the WMS market's key growth areas.