The worldwide market for warehouse management systems is expected to grow at a compounded annual growth rate of 4.8 percent over the next five years. The market was $1.075bn in 2006 and is forecasted to be about $1.4m in 2011, according to a new ARC Advisory Group study, "Warehouse Management Systems Worldwide Outlook."
"The WMS market is a mature one, yet it will experience somewhat faster growth in the coming years than it has in the recent past," says Steve Banker, service director for supply chain management at ARC. "This is due to the fact that the average WMS solution has a lifespan of 11 years. As the years between 1995 (eleven years prior to the base year of this study) and 2000 were high growth years for the WMS market, the market will mirror, on a smaller scale, the previous era's growth. It's like baby boomers having kids and creating a smaller, mirrored baby boom."
Source: ARC Advisory Group, http://arcweb.com
Enjoy curated articles directly to your inbox.