The development of e-commerce and increased technological investment in emerging regions such as North America and Asia Pacific is creating demand for retail warehouse management systems significantly. Due to automation of warehouse management using various technologies is cutting expenses of workforce allocation. Retail warehouse management systems aids in streamlining the operation of supply chain management, logistics and product scheduling in retail enterprises. There are several benefits of this system which include the reduction in inventory, labor costs, increased customer service and inventory efficiency. Retail warehouse management system offers solutions for scheduling of goods required in stock where less safety stock needed due to greater efficiency in inventory. Advanced technologies used in retail warehousing provides material handling equipment which helps in moving of goods in warehouse efficiently.
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Retail Warehouse Management Systems Market: Market Dynamics
Increasing awareness of cloud-based technologies and reduced transportation costs is fueling the growth of retail warehouse management systems market.
Higher investment in ERP and deployment of warehouse management system and lack of IT infrastructure are restraining the growth of retail warehouse management systems market.
Increasing demand of e-commerce in the retail sector is the latest trend in retail warehouse management systems market.
Global Retail Warehouse Management Systems Market: Market Segmentation
Retail Warehouse Management Systems market divided into three segments, based on component, enterprise type, technology, and region.
Segmentation by component in Retail Warehouse Management Systems market:
- Operations and Maintenance
- System Integration
Segmentation by enterprise type in Retail Warehouse Management Systems market:
- Small and medium enterprise
- Large enterprise
Segmentation by technology in Retail Warehouse Management Systems market:
- Supply chain management system
- ERP warehouse applications
- Vendor management system
- RFID solutions
Global Retail Warehouse Management Systems Market: Competition Landscape
Few prominent players in Retail Warehouse Management Systems market includeInfor Inc., LogFire Inc., Manhattan Associates Inc., Made4net LLC, JDA Software Group, Inc., Oracle Corporation, SAP SE, Softeon, Inc., Synergy Logistics Ltd., HighJump Software Inc., Swisslog Holding AG, Tecsys, Inc., Indigo Software, Inc., Provia Software, Inc, NetSuite Inc., EXE Technologies, Royal 4 Systems and NCR Corporation.
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Retail Warehouse Management Systems Market: Regional Outlook
Presently, Europe is estimated to hold the largest share in retail warehouse management systems market followed by North America, Asia-Pacific, and MEA regions. Asia Pacific is expected to contribute for the significant growth in the forecast period owing to the adoption of advanced technologies and cloud-based warehouse management systems in the retail sector is fueling the retail warehouse management systems market.