How is cloud-based segment is performing in the global warehouse management systems market?

The global warehouse management systems market is expected to grow at a CAGR of 14.13% during the forecast period. Based on deployment, the global warehouse management systems market has been segmented into Cloud-based and On-premises.

In cloud-based warehouse management systems, data are stored on the cloud and do not require any hardware setup within the business or enterprise premises. The adoption of cloud-based solutions also eliminates the setting up of IT departments. Hence, cloud-based solutions are less expensive than on-premises solutions. These solutions are maintained at a remote data center and are accessed remotely by end-users on a subscription basis. Apart from the cost-effectiveness, there are several other benefits provided by cloud-based warehouse management systems.

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As a result, the adoption of cloud-based warehouse management systems is increasing rapidly among end-users. With the expansion of cloud-based products, vendors and software developers are changing their cloud strategies, and the demand for SaaS is increasing. Thus, technological advances and benefits provided by cloud-based warehouse management systems will continue to drive the growth of the cloud-based segment of the global warehouse management systems market during the forecast period.