Global IoT in Warehouse Market Research Report: Forecast to 2025
Global IoT in Warehouse Market is evaluated to expand at a CAGR of 21.21% during the forecast period. The internet of things (IoT) has made significant technology revolutions leveraging in almost every sector. It is used in warehouse management to grow its efficiency, efficacy and smooth operation. It is useful to record each step from manufacturing to end-user supply. IoT enables enterprises to supervise their supply and demand which is often a complex task for them. In today’s fast-paced world of online shopping, the Internet of things is playing a crucial role. Food and beverages, automotive, retail & logistics, and others are leveraging their business with IoT.
The use of connected devices is becoming an integral part of human life and it is a key factor driving the global market of IoT in the Warehouse Market. The automation is always preferred for accuracy and time-saving operations it always improves the performance of the system and hence adopted by many businesses. It provides a cost-effective and productive solution for businesses however the huge installation cost is a factor that can hinder the overall market. IoT has extensive applications in warehousing as it empowers innovative and real-time handling of material, employees, pallets, and equipment through sensors. The global market is expected to register a substantial market expansion due to the rising need for fuel efficiency consequently leading to fuel cost efficiency.
The Global IoT in the Warehouses market is segmented based on solution, device and industry type. The solution segment is further divided into Inventory Management, Workforce Management, Electronic Data Interchange, and Others (Telematics and Automation). By Device type, the market is categorized as Sensing Devices, Networking and Gateways, and Others. Industry type market is segregated among Retail & Logistics, Automotive, Food & Beverage, Healthcare, Electrical & Electronics, and Others
The regional market of the Global IoT in Warehouse has been segregated into North America, Europe, Asia-Pacific, and the rest of the world.
In 2018, North America holds the largest market share of USD 2,598.75 Million; the regional market is anticipated to record a CAGR of 20.58% during the study period. The recent technology advancements, skilled expertise, robust cloud infrastructure, and the existence of major players such as Cisco Systems, Inc., Argos Software, and Zebra Technologies Corpora are some factors propelling the regional market growth.
Europe is also evaluated to witness considerable market growth during the forecast period. The regional market is divided across Germany, the UK, France Italy Spain, The Netherlands and the Rest of Europe.
The regional market of Asia Pacific covers the market of China, Japan, India, South Coria Singapore, Australia, and Rest of Asia Pacific. However, the Rest of the world market is spreads across the Middle East and Africa, and South America
The prominent Market Players of Global IoT in Warehouse Market are IBM Corporation (US), Omnitracs, LLC (US), Software AG (Germany), TECSYS, Inc. (Canada), UltraShipTMS (US), HCL Technologies Limited (India), Cisco Systems, Inc. (US), Intel Corporation (US), PTC Incorporation (US), Oracle Corporation (US), Eurotech SpA (Italy), Zebra Technologies (US), and Infor Inc. (US).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.