IoT in Warehouse Management Market Scope
IoT in warehouse management provides transparency and effectiveness in the supply chain-related operation starting from ordering of material till the shipment. This automation in the warehouse management offers real-time updates on inventory counts, and related data offering utmost productivity, efficiency and reduces human errors. Technology like drones, robots & guided vehicles, and warehouse management systems are used as an embedded technology, these devices communicate over the internet and manage the whole warehouse operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Cisco Systems, Inc (United States), Intel Corporation (United States), DHL Supply Chain (Germany), Oracle Corporation (United States), United Parcel Service (United States) and PTC (ThingWorx ) (United States) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global IoT in Warehouse Management market throughout the predicted period.
Cisco Systems, Inc (United States), Intel Corporation (United States), DHL Supply Chain (Germany), Oracle Corporation (United States), United Parcel Service (United States) and PTC (ThingWorx ) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are VANTIQ (United States) and HCL Technologies Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global IoT in Warehouse Management market by Type , by Application (Retail, Electronics, Pharmaceutical, 3PL and Others) and Region with country level break-up.
On the basis of geography, the market of IoT in Warehouse Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2020, UPS Supply Chain Solutions announced warehouse network technology designed to make distribution centers smarter and more efficient. The new Warehouse Execution System (WES) will enable faster order intake and fulfillment to ensure that customers, especially those with fluctuating order patterns, receive their products on time.
In June 2020, DHL Supply Chain announced the launch of a new robotics platform in collaboration with Microsoft Corp. and digital fulfillment provider Blue Yonder Group Inc. The companies said the software will reduce the time and effort needed to deploy warehouse automation, as well as give DHL customers more flexibility in finding and integrating robots to meet their individual business needs. The “plug-and-play” offering uses Microsoft Azure Internet of things (IoT) and cloud platform services
Influencing Trend:
Increasing Use of Autonomous Mobile Robots ad Smart Glasses as IoT in Warehouse Management
Market Growth Drivers:
Demand for Automation in Management the Warehouse Operations for Reduced Human Errors and Need for Real-Time Product Track and Enhanced Productivity and Effectiveness in Work
Challenges:
Stringent Regulatory Compliances with IoT in Warehouse Management
Restraints:
Problems with the Rising Internet Security Concerns and Its Potential Effects on Warehouse Data
Opportunities:
Continuous Research and Development in the IoT in Warehouse Management Technology
Key Target Audience
IoT in Warehouse Management Providers, IoT in Warehouse Management Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others