target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Share - Doc Document number: # AP51928324
C2G: Asia/Pacific Supply Chain Warehouse and Inventory Management Applications Market Share, 2023: The Need for Efficiency in Driving the Market
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Abstract
This IDC Market Share examines the warehouse and inventory management applications market in Asia/Pacific. Driven by ecommerce demands and supply chain efficiency needs, the market grew by 5% in 2023, supported by increased public cloud investments. Although 2023 brought challenges, it also saw advancements in AI/ML, robotics, and cloud adoption in this sector. Despite uncertainties, Asia/Pacific manufacturing companies remained resilient, leveraging technology for growth and innovation. Notably, these companies not only strengthened their domestic presence but also expanded globally, showcasing their competitiveness in advanced warehousing and inventory solutions.
Tech vendors expanding globally must prioritize advanced warehouse and inventory management applications, ensuring that these applications are globally scalable yet locally tailored to meet regional needs. They must emphasize stringent data security and compliance measures as well as adaptability to continuously evolve alongside changing market dynamics and customer requirements in the new era of enterprise digitalization," says Rani Ratna, Senior Research Manager, IDC Asia/Pacific.