According
to a new market research report "Smart Warehousing Market by
Component (Hardware, Solutions, and Services), Technology (IoT & Analytics,
RFID, AGV), Application (Inventory Management, Order Management), Organization
Size, Deployment Mode, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Smart
Warehousing Market size to grow from USD 14.8 billion in 2021 to USD
25.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.5% during
the forecast period. Various factors such as the proliferation of smartphones
for faster goods management, the rising advancement in the eCommerce industry
due to the onset of the COVID-19 pandemic, the emergence of multi-channel
distribution networks, and the dynamic nature and globalization of supply chain
networks are expected to drive the adoption of smart warehousing hardware,
solutions, and services. However, the market faces restraints, such as a lack
of uniform governance standards in the fragmented logistics industry and
growing data security and privacy concerns.
The
COVID-19 pandemic disrupted global supply chains has overtaken and impacted
both supply and demand at a higher pace. But the impact of COVID on the
warehouse is going to have long and lasting effects. As the virus spreads
throughout the world, there is an outbreak or transportation delay in one part
of the world that would have a devastating impact across the globe, causing
shutdowns due to warehouse closures or missing or delayed supplies. At the
warehouse, some organizations were left with excess inventory they could not ship
sitting in inventory and few other firms were at a standstill as they waited to
receive inventory at their depleted warehouse. Some industries witnessed
unprecedented demand while other industries saw the demand fall, leading to a
negative impact on the overall Smart Warehousing Market. Post
COVID-19, warehouse and supply chain sectors have adopted and implemented
automation technologies, such as Assisted Guided Vehicles (AGV), forklift
automation, robotics, and smart sorting to enable businesses to thrive amid
today’s changing conditions.
Browse
in-depth TOC on "Smart
Warehousing Market”
286- Tables
470 Figures
301- Pages
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199732421
The on-premises segment to hold the larger market size
during the forecast period
Deployment mode segment for the Smart
Warehousing Market are segmented into cloud and on-premises. On-premises
segment to hold larger market share during the forecast period. Highly secure
data encryption and the complete data visibility and control feature boost the
adoption of on-premises-based smart warehousing solutions across verticals,
such as retail and eCommerce, transportation and logistics, and manufacturing,
to have better and efficient warehouse operations.
AI in warehouse segment to account for the highest CAGR
during the forecast period
The Smart Warehousing Market is
segmented on the basis of the technology, which include IoT and Analytics, AI
in warehouse, RFID, Automated Guided Vehicles (AGV), blockchain, and others
(AR, security, Wi-Fi, and voice recognition). The AI in warehouse segment is
expected to grow at the highest CAGR during the forecast period. This growth
can be attributed to the increasing need to enhance the overall productivity
with minimal errors
The increasing usage of AI and ML
technology with smart warehouse solutions ensures effective inventory process
and enhanced route optimization.
The large enterprises segment to hold a larger market
size during the forecast period
The Smart Warehousing Market has been
segmented by organization size into large enterprises and SMEs. The market for
SMEs is expected to register a higher CAGR during the forecast period as
cloud-based solutions and services help them improve business performance and
enhance productivity. Whereas the large enterprises segment is expected to hold
a larger market share in the Smart Warehousing Market during the forecast
period. Large enterprises have already started implementing smart warehousing
solutions and are focusing on implementing advanced technologies for managing
the overall supply chain management process across channels. The availability
of smart warehousing technologies such as RFID, IoT and analytics, and AI will
enable large enterprises to handle complex inventory processes.
Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=199732421
Healthcare and life sciences vertical is to have the
highest CAGR during the forecast period
The healthcare and life sciences
vertical is expected to grow at the highest CAGR in the Smart Warehousing
Market during the forecast period. The traceability and proper scanning of
items for genuineness and preventing counterfeiting encourage healthcare
companies to improve their warehousing practices. With the help of smart
warehousing solutions, healthcare companies can efficiently handle their
warehousing activities to enhance productivity.
North America to hold the largest market share during the
forecast period
North America is estimated to have the
largest market size in 2021, followed by Europe; this growth can be attributed
to the technological upgrades in these regions. Being an early adopter of technologies,
North America is an innovation hub and is expected to present strong
opportunities for smart warehousing vendors to expand in this market. However,
APAC is projected to grow at the highest Compound Annual Growth Rate (CAGR) due
to the rapid rise in technology adoption across verticals to), enhance customer
experience and productivity. The adoption of smart warehousing hardware,
solutions, and services is expected to rise in MEA and Latin America due to the
growing demand for automating warehouse processes for improved productivity,
efficiency, and accuracy. The smart warehouse solutions that are implemented
provide flexibility and enhance the capability of employees.
Key players offering Smart Warehousing Market. The major vendors covered
are Oracle ( US), SAP (Germany), Manhattan (US), PSI Logistics (Germany), PTC
(US), Tecsys (Canada), Reply (Italy), IBM (US), Infor (US), Korber (Germany),
Generic (France), Microlistics (Australia), Blue Yonder (US), Vinculum (India),
Epicor (US), Softeon (US), 3PL Central (US), Synergy Logistics (US), BlueJay
Solutions (US), Mantis (US), WareIQ (India), Foysonis (US), Logiwa (US),
Increff (India), Locus Robotics (US), ShipHero (US), Orderhive US), EasyEcom
(India), Unicommerce (India), and IAM Robotics (US).
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies'
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM
aims at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets's
flagship competitive intelligence and market research platform, "Knowledge
Store" connects over 200,000 markets and entire value chains for deeper
understanding of the unmet insights along with market sizing and forecasts of
niche markets.
Contact:
Mr. Aashish
Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content
Source: https://www.marketsandmarkets.com/PressReleases/smart-warehousing.asp
Report: https://www.marketsandmarkets.com/Market-Reports/smart-warehousing-market-199732421.html
No comments:
Post a Comment