The global warehouse management system market size is expected to grow from USD 2.8 billion in 2021 to USD 6.1 billion by 2026, at a CAGR of 16.7%.
A warehouse management system (WMS) is a software application that helps manage operations in warehouses most efficiently and productively. Functions of these systems include inventory control, labor management, yard management, and dock management, among others. A WMS can be deployed on premises or can be accessed through cloud servers maintained by WMS vendors. Based on their feature and functionality, WMS software packages are available in three-tier types—advanced (tier 1), intermediate (tier 2), and basic (tier 3). Based on offering, the software segment is expected to account for the largest size of the WMS market from 2021 to 2026. Based on deployment, the cloud WMS market is projected to grow significantly during the forecast period.