Smart Warehousing Market by Component (Hardware, Solutions, and Services), Technology (IoT & Analytics, RFID, AGV); Application (Inventory Management, Order Management): Global Market Size Estimates and Forecast (2019-2030)

Code: BMIRE00026946 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Oct 2022 | Type: Global

The market is expected to cross US$ 15.91 billion in 2022 and is projected to hit US$ 32.77 million by 2030, recording a CAGR of 13.71% during the forecast period.

Proliferation of smartphones for efficient management of goods is expected to drive the market growth over the forecast period.

The warehouse plays a major role in the supply chain industry. The labor-intensive operations in the warehouse for core operations, such as order picking, inventory management, and asset tracking, can reduce overall productivity. Thus, streamlining warehouse activities with mobile-based technology and applications will raise operational efficiencies and improve the bottom line. Moreover, the proliferation of mobile devices, such as smartphones and tablets, means warehouse workers and logistics partners have tools and resources at their fingertips. Additionally, scanning inventory through barcode scanning apps, viewing the precise location of a shipment on a map, pulling up detailed shipping information and receiving data, and generating reports in lesser time are the functionality that will benefit warehouse managers in handling the overall warehouse activities efficiently.

Furthermore, smartphones lower a warehouse's investment in hardware and maintenance by a large margin. Smartphones enable immediate access to data on the warehouse floor. Thus, decision-makers do not have to run around or wait for printed reports. They can see their entire supply chain at their fingertips with the help of a smartphone. It helps them to make better decisions and reallocate resources to meet all their daily objectives. Moreover, ease of access to advanced tools and data leading to greater visibility from the office, the receiving department, the floor, and the field will propel the growth of the smart warehousing market over the forecast period. 

Within the report, the market is segmented into component, technology, application, and geography. By component, the market is segmented into Hardware, Solutions, and Services. Based on technology, the market is segmented into IoT & Analytics, RFID, AGV. Based on application, the market is segmented into Inventory Management, Order Management.  Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Focus on warehouse 4.0 for an efficient and safer warehouse will create lucrative growth potential for the market over the forecast period.

Warehouse 4.0 increase the way for enhanced connected experiences that will impact the overall warehouse activities, from product design and planning to production and supply chain. Additionally, To reduce the training hours of employees, warehouses are migrating to a voice-based and screen-directed inventory picking and replenishment process. Furthermore, through smartphones, organizations are implementing multi-modal and screen-directed picking. Moreover, IoT, big data science, AR, wearables, computer vision AI, low-cost sensors, robots, and high-level computing can be combined to develop a robust warehouse automation system. It will lead to smarter warehouses and distribution centers, an essential component of the integrated supply chain industry. Companies that use warehouse 4.0 solutions decline operating costs with the help of more efficient inventory management and delivery processes. A considerable number of warehouse 4.0 research and business initiatives prove that warehousing is continuously changing and bringing lucrative growth potentials for the market over the forecast period.

Recent Strategic Developments in Smart Warehousing Market

The Smart Warehousing Market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2021, Oracle and Deutsche Bank collaborated to modernize bank database technology and accelerate digital transformation.
  • In August 2021, SAP acquired SwoopTalent, to improve organizational agility and fuel business growth rate.
  • In May 2020, Manhattan Associates introduced the Manhattan Active Warehouse Management solution.

The Smart Warehousing Market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Oracle, SAP, Manhattan Associates, PSI Logistics, PTC, Tecsys, Reply, IBM, Infor, and Korber, are among the prominent players operating in the market.

Target audience for the report:

  • Smart Warehousing firms
  • Raw material providers
  • Smart warehousing solutions providers
  • Smart warehousing-related service providers
  • Smart warehousing -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronics component suppliers
  • Smart warehousing and devices distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Component
    • Hardware
    • Solutions
    • Services
  • Technology
    • IoT and Analytics,
    • RFID
    • AGV
  • Application
    • Inventory Management
    • Order Management
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Rest of World
  • Companies profiled
    • Oracle
    • SAP
    • Manhattan Associates
    • PSI Logistics
    • PTC
    • Tecsys
    • Reply
    • IBM
    • Infor
    • Korber

The List of Companies

- Oracle
- SAP
- Manhattan Associates
- PSI Logistics
- PTC
- Tecsys
- Reply
- IBM
- Infor
- Korber

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