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Smart Warehouse Technologies Market

Market Insights on Smart Warehouse Technologies covering sales outlook, demand forecast & up-to-date key trends

Smart Warehouse Technologies Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Smart Warehouse Technologies Market Overview

Rising e-commercial sales is enhancing revenue reports for companies across the globe. However, with growth in business, retailers invest in scaling and expansion, which in turn incurs challenges pertaining to warehousing and inventory management as monitoring and managing huge volumes of inventory becomes a tough and tedious task.

Therefore, warehousing and inventory management professionals turn to smart warehouse technologies in order to cater to the requirements of on-demand customers. Well-established multi-national e-commerce and logistics companies, like Amazon.com, Alibaba and DHL, employ smart warehouse technologies to take warehouse and inventory monitoring and management to the next level.

Smart Warehouse Technologies: Market Dynamics

Mobility in warehouses is a guaranteed challenge for inventory management professionals. Most cases suggest requirement of automobiles for quick trips in warehouses and ladders to reach high shelves. These inconveniences minimize productivity of warehousing and inventory management and maximize risk of injuries.

Smart warehouse technologies, like drones, guided vehicles and robots, help combat such operational inefficiencies. Internet of Things (IoT) enabled warehouse equipment enable professionals to scan items instantly, record their locations, and monitor these items in real-time. Such smart warehouse technologies also protect manpower from injuries.

A high demand for smart warehouse technologies is being recorded on a global level. This increase in demand may be attributed to well-established e-commerce companies and retailers with huge warehousing operations and sales networks adopting smart warehouse technologies to combat operational inefficiencies of conventional inventory management and logistics.

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Impact of COVID-19 Pandemic Outbreak on Smart Warehouse Technologies Market

During the ongoing crisis, some easy and economically feasible digital transformation initiatives are helping end-users sustain in the market. For instance, many end-users have started transitioning outdated warehousing and delivery paper processes towards digital variants.

End-users with access to capital are deploying robotics solutions that support labor. Such companies are also adopting Internet of Things (IoT) and sensing technologies for enhanced asset tracking.

Other companies are incorporating the use of advanced analytics to improve supply and demand forecasting accuracies by almost 60%. Companies with resilient supply chain possess higher potential to meet consumer demands in the current shifting market landscape.

Smart Warehouse Technologies Market: Competition Landscape

Some of the key players in the global smart warehouse technologies market are

  • Eurotech S.P.A.
  • IBM
  • Software AG
  • Tecsys, Inc.
  • Zebra Technologies
  • Argos Software
  • GT Nexus
  • Omnitracs LLC
  • SecureRF Corporation
  • UltraShip TMS

Following are the key initiatives incorporated by vendors competing in the global smart warehouse technologies market:

  • Companies supplying smart warehouse technologies are enhancing their product portfolios. These vendors are focusing on researching and innovating new technologies and supplying extensive contractual integration, maintenance and support services to attract clientele.
  • Software providers are enhancing their sales structure and business models, whole hardware vendors are enhancing distribution channels to enhance their reach towards promising economies, while maintaining their relationships with local clientele.
Sudip Saha
Principal Consultant
LinkedIn
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Smart Warehouse Technologies Market: Regional overview

Currently, the smart warehouse technologies market in North America is leading the global market. This dominance may be owed to accelerated adoption of IoT integrated solutions in e-commerce warehouses and logistics industry.

Smart warehouse technologies market in Southeast Asia Pacific region is expected to record the fastest growth over the forecast period, followed by the market in Middle East and Africa. Increasing demand for efficient warehousing technologies, especially in India and China, is propelling the adoption of smart warehouse technologies in the Asia Pacific region.

The Smart Warehouse Technologies market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

  • Smart Warehouse Technologies Market Segments
  • Smart Warehouse Technologies Market Dynamics
  • Smart Warehouse Technologies Market Size
  • Supply and Demand
  • Current Trends/Issues/Challenges
  • Competition and Companies Involved in the Market
  • Technology Landscape
  • Value Chain of the Market
  • Market Drivers and Restraints
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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
  • East Asia (China, South Korea, Japan)
  • South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Res of MEA)

Smart Warehouse Technologies Market: Segmentation

The smart warehouse technologies market can been segmented on the basis of solution and vertical

solution:

  • Hardware
  • Software
  • Services

vertical:

  • Transportation and Logistics
  • Retail and e-commerce
  • Manufacturing and Assembly
  • Agriculture
  • Others

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Sudip Saha
Principal Consultant
LinkedIn
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