The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
The Global Voice Picking Solution Market size is expected to reach $2.9 billion by 2025, rising at a market growth of 15.3% CAGR during the forecast period.
Voice picking is a validated process designed to increase the efficiency and reliability of order pickers or selectors in warehouses and distribution centers. Pickers wear industrial microphone headsets that connect to a mobile device that runs a voice application. The voice of the application indicates the pickers where they have to go and what they have to do. For example, the application instructs the person to reach the location of the warehouse and also informs the quantity that needs to be picked up. The pickers speak into the microphone to confirm their work. The voice picking application requires speech recognition software that understands and interprets the spoken response of the order picker.
The industry is witnessing an increase in the adoption of voice-directed warehousing systems to improve employee productivity and warehouse performance. This is a key trend which would drive the growth of the voice picking solution market. Warehouses play a diverse range of roles across the varied industry verticals. Consumer-driven market allows operators to deploy distributed warehouses operating in fast-paced settings. Nonetheless, a fast-paced warehouse environment demands technologies and tools that can guarantee high efficiency and reliability in warehouse operations. This is where voice picking solutions become the ideal technology.
Based on Component, the market is segmented into Software and Services. Based on Vertical, the market is segmented into Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive and Others. Retail is the most promising market for voice-directed warehouse solutions. The rapid adoption of voice-directed warehouse solutions in the retail sector to minimize training time, improve customer satisfaction, and provide a higher return on investment are among the factors that support the high growth experienced by the retail sector. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Siemens AG, Honeywell International, Inc., and Panasonic Corporation (Zetes Industries SA/NV) are some of the forerunners in the Voice Picking Solution Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toyota Industries Corporation, Kion Group, Ehrhardt + Partner Solutions Limited, Honeywell International, Inc., Ivanti, Inc., Lucas Systems, Inc., Korber AG, Voxware, Inc., Zebra Technologies Corporation and Panasonic Corporation (Zetes Industries SA/NV).
Scope of the Study
- Food & Beverage
- Retail & E-commerce
- Healthcare & Pharmaceutical
- Logistics & Transportation
- North America
- ·Rest of North America
- ·Rest of Europe
- Asia Pacific
- ·South Korea
- ·Rest of Asia Pacific
- ·Saudi Arabia
- ·South Africa
- ·Rest of LAMEA
- Toyota Industries Corporation
- Kion Group
- Ehrhardt + Partner Solutions Limited
- Honeywell International, Inc.
- Ivanti, Inc.
- Lucas Systems, Inc.
- Korber AG
- Voxware, Inc.
- Zebra Technologies Corporation
- Panasonic Corporation (Zetes Industries SA/NV)