05/06/2024 | Press release | Distributed by Public on 05/06/2024 11:12
May 6, 2024 | 3 minute read
Joan Lim
Senior Manager, Product Marketing
We are pleased to announce that Gartner just released its Magic Quadrant™ for Warehouse Management Systems, and we are honored that for the 9th year in a row, Oracle has again been recognized as a Leader in this latest 2024 report. Oracle is recognized for its Ability to Execute and Completeness of Vision. We are excited to share this recognition, and thank our large ecosystem of teams, partners, and customers.
According to Gartner, "Depth and breadth of WMS functionality remain very important factors in choosing a new WMS, especially for companies replacing aging legacy systems. Increasingly, the technical architecture of the WMS is an important consideration for new WMS customers where adaptability, extensibility, user experience and cloud are priorities."
This year's report also highlights, "Despite being a very mature market, recent macro factors and disruptions have spurred innovation. However, while economic and business conditions are challenging for some vendors and regions, the overall market is approaching $3 billion in 2024. It also has a forecast five-year CAGR that increased from high single digits last year to double-digit growth (in the teens). WMS offerings continue to differ in areas such as usability, adaptability, decision support, scalability in both up and down market, use of emerging technologies and life cycle costs. Furthermore, customers increasingly favor suites that can support end-to-end supply chain and logistics process orchestration."
Oracle Warehouse Managementcan meet inventory and distribution requirements across various industries, from small and mid-size companies to large enterprises. With Oracle Cloud WMS, organizations can rapidly scale and automate their warehouse operations, while still maintaining flexibility that is required for total inventory management and omnichannel fulfillment. Oracle Warehouse Management offers extended warehouse management functionality at a significantly lower total cost of ownership.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.