Voice Picking Solution Market Outlook (2023 to 2033)

The voice-picking solution market size is anticipated to achieve a CAGR of 13.5% and is expected to reach a value of US$ 2.9 billion in 2023. By 2033, the voice-picking solution market is projected to increase to US$ 10.5 billion.

Due to the growing usage of voice-picking solutions to improve worker productivity and warehouse efficiency, the market for voice-picking solutions is predicted to grow. Warehouses play various roles, supporting the voice in selecting the solution market's main trends and possibilities in various business sectors.

The market for voice-picking solutions is also being driven by consumers using solutions more frequently and operators building decentralized warehouses that operate in a hectic environment.

The rise in stock-keeping units and the multiple benefits of voice-picking technology are the main drivers of the growth of the voice-picking solution market. Moreover, big data analytics and other cutting-edge technologies can speed up data processing by automating the warehouse data-gathering process and affecting the market potential for voice-picking solutions.

Warehousing Technology: Act As a Growth Propeller in the Voice Picking Solution Market?

Increasing Focus on Enhancing Customer Satisfaction and Picking Solution is estimated to drive the market.

Voice-picking solution market growth is anticipated primarily driven by the widespread adoption of voice-directed warehousing technology across almost all industry verticals. Voice-picking systems are frequently used in warehouses, where staff members can select things from the proper shelves and pack them correctly to fulfill customer orders.

The voice-picking solution market is expected to develop at a healthy double-digit rate, according to major trends and opportunities in the sector. By accelerating the adoption trends for voice-picking solutions, productivity has been significantly boosted, and a single person can now finish many more orders than previously.

Due to the rising population, the number of warehouses, and stock-keeping units, the voice-selecting solution market is anticipated to expand quickly.

What are the Key Trends in the Global Market?

Voice-picking solutions are prevalent, which lead to viable investment opportunities.

Because solution providers deliver comprehensive solutions that include scanning devices and screen-based solutions, there is a substantial market opportunity for voice-picking solutions.

With the advent of voice-guided warehousing, this technology eliminates the need to worry about the storage of items and the time lost in searching for a certain item, enhancing the market trends and projections for voice-picking solutions.

Additionally, voice selection solutions boost output by making it much easier for staff to satisfy customer requests. As a result, widespread use of the voice-picking solution is envisaged. Budgetary restrictions, high associated costs, and lack of awareness are the main factors that impede the voice-picking solution market growth.

The voice-picking solution market is anticipated to be restrained by warehouse employees' poor system comprehension and the challenging integration of new vice-picking solution technologies with warehouse infrastructure, also impacting the voice-picking solution market's key trends and opportunities.

Attributes Details
Market CAGR (2023 to 2033) 13.5%
Market Valuation (2023) US$ 2.9 billion
Market Valuation (2033) US$ 10.5 billion

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What is the Segmentation Outlook for the Global Market?

Fast-paced warehouse environments necessitate the deployment of equipment and technology that can guarantee high levels of dependability and efficiency in warehouse operations. Voice-picking technologies are the ideal technology in this case.

A voice-picking solution can assist with multi-order picking, direct-to-customer order fulfillment, prioritizing and grouping, and improving on-shelf availability in the retail and e-commerce industries. Moreover, a voice-picking solution can enable a pick-and-pack process to assist retailers in providing superior customer service.

As a result, it is anticipated that the retail & e-commerce segment of the voice-picking solution market is anticipated to hold the maximum voice-picking solution market share during the forecast period. The segment is anticipated to grow due to the rising demand for voice-directed warehousing systems.

Which is the Leading Region in the Global Market?

Countries Forecast Share Between 2023 to 2033
United States 17.1%
Germany 9.3%
Japan 4.1%
Australia 3.3%
Countries Forecast CAGR Between 2023 to 2033
China 15.5%
India 16.6%
United Kingdom 13.3%

The voice-picking solution market's second-larger contributor, North America, followed by Europe, is anticipated to experience a moderate CAGR shortly. Due to the region's extensive internet use and emphasis on R&D-derived innovations, and due to the presence of major players there, North America is predicted to hold a significant voice-picking solution market share of 29.5%.

Another important factor contributing to the region's dominance in the market is the rising demand for voice-picking solutions to improve supply chain efficiency.

Europe is predicted to hold a significant voice-picking solution market share of 20.9%. Due to the rising number of OTT content providers, Asia Pacific is expected to experience the higher CAGR in the voice-picking solution market.

Sudip Saha
Sudip Saha

Principal Consultant

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How is the Start-up Ecosystem for the Global Market Holding Up?

As a voice-picking solution market, manufacturers invest in research and development to produce more cutting-edge voice-picking. To keep up with the growing demand from customers, voice-picking solution market manufacturers have been expanding their production capacity. New companies are entering the market to take a competitive advantage as well.

For instance: Partnership Between Zetes, a Panasonic company, and Intermarché (October 2019)

As part of the partnership, Zetesto offers ZetesZeus, a supply chain visibility solution, to assist Intermarché in achieving superior visibility and increased efficiency throughout its Portuguese supply chain operations.

How Competition Influences in the Global Market?

The main strategy major voice-picking solution market vendors use to gain a competitive edge is collaborating with other players and introducing cutting-edge products.

Over the next few years, the voice-picking solution market is anticipated to become more fragmented. Due to the revenue generated by established and emerging small- and medium-sized voice-picking solution providers, there is a high degree of fragmentation in the market.

Voice-picking solution market players are collaborating with organizations from different industry verticals to assist businesses in improving operational efficiency, as they are concentrating on growing their customer base to gain a competitive edge in the voice-picking solution market.

Recent Development

Partnership:

  • Card Factory, a greeting card retailer based in the United Kingdom, and Voiteq joined forces in May 2019. Card Factory usedVoiteq'sVoiceMan Warehouse Execution System to pick products accurately and boost warehouse productivity.

Contract:

  • A deal was signed between the United States Defense Logistics Agency and the multinational conglomerate Honeywell International Inc. in July 2018. Honeywell International Inc. implemented a picking solution based on voice commands for USA Defense Logistics Agency's distribution centers employees.

Expansion:

  • Houston has a new regional office of Bastian Solutions, a Toyota Industries Corporation company. The material handling system integrator and automation are perfectly situated in this expansion.

Product Launches:

  • In September 2019, Honeywell Voice Picking announced the launch of the Vocollect A700x Series and guided work solutions, two popular voice-picking solutions. Through hands-free, eyes-up solutions for local distribution centers, these solutions assist the distribution centers in New Zealand and Australia in increasing productivity and decreasing errors.

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Key Players

  • Bastian Solutions, Inc.
  • Dematic
  • Ehrhardt + Partner Solutions Limited
  • Honeywell International Inc.
  • Ivanti
  • Lucas Systems
  • Voiteq
  • Voxware
  • Zebra Technologies Corp
  • ZETES

Scope of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ billion for Value
Key Countries Covered United States, United Kingdom, Japan, India, China, Australia, Germany
Key Segments Covered End User Industry, Region
Key Companies Profiled Bastian Solutions, Inc.; Dematic; Ehrhardt + Partner Solutions Limited; Honeywell International Inc.; Ivanti; Lucas Systems; Voiteq; Voxware; Zebra Technologies Corp; ZETES
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Voice Picking Solution Market by Category

By End User Industry:

  • Electrical & Electronics
  • Food & Beverage
  • Pharmaceutical
  • E-Commerce
  • Retail
  • Tracking
  • Logistics & Transport
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

What is the Estimated Size of the Voice Picking Solution Market?

The projected voice picking solution market size is expected to reach US$ 2.9 billion in 2023, with a forecasted surge to surpass US$ 10.5 billion by 2033.

What is the CAGR Prediction for the Voice Picking Solution Market?

The voice picking solution market is likely to record a significant 13.5% CAGR from 2023 to 2033.

What Factors are Driving the Growth of the Voice Picking Solution Market?

The upsurge in e-commerce and demand for efficient warehouse operations fuel the voice picking solution market expansion.

What are the Key Challenges faced by Voice Picking Solution Market Players?

Navigating integration complexities and ensuring seamless voice recognition amidst noisy environments pose significant hurdles for market players.

Which Countries are Witnessing the Maximum Adoption of Voice Picking Solutions?

Prominent adoption of voice picking solutions is evident in the United States, Germany, China, and Japan, driven by their advanced logistics sectors.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Investment Feasibility Matrix

    3.6. PESTLE and Porter’s Analysis

    3.7. Regulatory Landscape

        3.7.1. By Key Regions

        3.7.2. By Key Countries

    3.8. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User Industry

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By End User Industry, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User Industry, 2023 to 2033

        5.3.1. Electrical & Electronics

        5.3.2. Food & Beverage

        5.3.3. Pharmaceutical

        5.3.4. E-Commerce

        5.3.5. Retail

        5.3.6. Tracking

        5.3.7. Logistics & Transport

        5.3.8. Other

    5.4. Y-o-Y Growth Trend Analysis By End User Industry, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By End User Industry, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    6.1. Introduction

    6.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    6.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        6.3.1. North America

        6.3.2. Latin America

        6.3.3. Europe

        6.3.4. Asia Pacific

        6.3.5. Middle East and Africa

    6.4. Market Attractiveness Analysis By Region

7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    7.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    7.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        7.2.1. By Country

            7.2.1.1. USA

            7.2.1.2. Canada

        7.2.2. By End User Industry

    7.3. Market Attractiveness Analysis

        7.3.1. By Country

        7.3.2. By End User Industry

    7.4. Key Takeaways

8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. Brazil

            8.2.1.2. Mexico

            8.2.1.3. Rest of Latin America

        8.2.2. By End User Industry

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By End User Industry

    8.4. Key Takeaways

9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Germany

            9.2.1.2. UK

            9.2.1.3. France

            9.2.1.4. Spain

            9.2.1.5. Italy

            9.2.1.6. Russia

            9.2.1.7. Rest of Europe

        9.2.2. By End User Industry

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By End User Industry

    9.4. Key Takeaways

10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. China

            10.2.1.2. Japan

            10.2.1.3. India

            10.2.1.4. South Korea

            10.2.1.5. Australia

            10.2.1.6. Rest of APAC

        10.2.2. By End User Industry

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By End User Industry

    10.4. Key Takeaways

11. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. South Africa

            11.2.1.2. Saudi Arabia

            11.2.1.3. UAE

            11.2.1.4. Israel

            11.2.1.5. Rest of MEA

        11.2.2. By End User Industry

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By End User Industry

    11.4. Key Takeaways

12. Key Countries Market Analysis

    12.1. USA

        12.1.1. Pricing Analysis

        12.1.2. Market Share Analysis, 2022

            12.1.2.1. By End User Industry

    12.2. Canada

        12.2.1. Pricing Analysis

        12.2.2. Market Share Analysis, 2022

            12.2.2.1. By End User Industry

    12.3. Brazil

        12.3.1. Pricing Analysis

        12.3.2. Market Share Analysis, 2022

            12.3.2.1. By End User Industry

    12.4. Mexico

        12.4.1. Pricing Analysis

        12.4.2. Market Share Analysis, 2022

            12.4.2.1. By End User Industry

    12.5. Germany

        12.5.1. Pricing Analysis

        12.5.2. Market Share Analysis, 2022

            12.5.2.1. By End User Industry

    12.6. UK

        12.6.1. Pricing Analysis

        12.6.2. Market Share Analysis, 2022

            12.6.2.1. By End User Industry

    12.7. France

        12.7.1. Pricing Analysis

        12.7.2. Market Share Analysis, 2022

            12.7.2.1. By End User Industry

    12.8. Spain

        12.8.1. Pricing Analysis

        12.8.2. Market Share Analysis, 2022

            12.8.2.1. By End User Industry

    12.9. Italy

        12.9.1. Pricing Analysis

        12.9.2. Market Share Analysis, 2022

            12.9.2.1. By End User Industry

    12.10. Russia

        12.10.1. Pricing Analysis

        12.10.2. Market Share Analysis, 2022

            12.10.2.1. By End User Industry

    12.11. China

        12.11.1. Pricing Analysis

        12.11.2. Market Share Analysis, 2022

            12.11.2.1. By End User Industry

    12.12. Japan

        12.12.1. Pricing Analysis

        12.12.2. Market Share Analysis, 2022

            12.12.2.1. By End User Industry

    12.13. India

        12.13.1. Pricing Analysis

        12.13.2. Market Share Analysis, 2022

            12.13.2.1. By End User Industry

    12.14. South Korea

        12.14.1. Pricing Analysis

        12.14.2. Market Share Analysis, 2022

            12.14.2.1. By End User Industry

    12.15. Australia

        12.15.1. Pricing Analysis

        12.15.2. Market Share Analysis, 2022

            12.15.2.1. By End User Industry

    12.16. South Africa

        12.16.1. Pricing Analysis

        12.16.2. Market Share Analysis, 2022

            12.16.2.1. By End User Industry

    12.17. Saudi Arabia

        12.17.1. Pricing Analysis

        12.17.2. Market Share Analysis, 2022

            12.17.2.1. By End User Industry

    12.18. UAE

        12.18.1. Pricing Analysis

        12.18.2. Market Share Analysis, 2022

            12.18.2.1. By End User Industry

    12.19. Israel

        12.19.1. Pricing Analysis

        12.19.2. Market Share Analysis, 2022

            12.19.2.1. By End User Industry

13. Market Structure Analysis

    13.1. Competition Dashboard

    13.2. Competition Benchmarking

    13.3. Market Share Analysis of Top Players

        13.3.1. By Regional

        13.3.2. By End User Industry

14. Competition Analysis

    14.1. Competition Deep Dive

        14.1.1. Bastian Solutions, Inc.

            14.1.1.1. Overview

            14.1.1.2. Product Portfolio

            14.1.1.3. Profitability by Market Segments

            14.1.1.4. Sales Footprint

            14.1.1.5. Strategy Overview

                14.1.1.5.1. Marketing Strategy

        14.1.2. Dematic

            14.1.2.1. Overview

            14.1.2.2. Product Portfolio

            14.1.2.3. Profitability by Market Segments

            14.1.2.4. Sales Footprint

            14.1.2.5. Strategy Overview

                14.1.2.5.1. Marketing Strategy

        14.1.3. Ehrhardt + Partner Solutions Limited

            14.1.3.1. Overview

            14.1.3.2. Product Portfolio

            14.1.3.3. Profitability by Market Segments

            14.1.3.4. Sales Footprint

            14.1.3.5. Strategy Overview

                14.1.3.5.1. Marketing Strategy

        14.1.4. Honeywell International Inc.

            14.1.4.1. Overview

            14.1.4.2. Product Portfolio

            14.1.4.3. Profitability by Market Segments

            14.1.4.4. Sales Footprint

            14.1.4.5. Strategy Overview

                14.1.4.5.1. Marketing Strategy

        14.1.5. Ivanti

            14.1.5.1. Overview

            14.1.5.2. Product Portfolio

            14.1.5.3. Profitability by Market Segments

            14.1.5.4. Sales Footprint

            14.1.5.5. Strategy Overview

                14.1.5.5.1. Marketing Strategy

        14.1.6. Lucas Systems

            14.1.6.1. Overview

            14.1.6.2. Product Portfolio

            14.1.6.3. Profitability by Market Segments

            14.1.6.4. Sales Footprint

            14.1.6.5. Strategy Overview

                14.1.6.5.1. Marketing Strategy

        14.1.7. Voiteq

            14.1.7.1. Overview

            14.1.7.2. Product Portfolio

            14.1.7.3. Profitability by Market Segments

            14.1.7.4. Sales Footprint

            14.1.7.5. Strategy Overview

                14.1.7.5.1. Marketing Strategy

        14.1.8. Voxware

            14.1.8.1. Overview

            14.1.8.2. Product Portfolio

            14.1.8.3. Profitability by Market Segments

            14.1.8.4. Sales Footprint

            14.1.8.5. Strategy Overview

                14.1.8.5.1. Marketing Strategy

        14.1.9. Zebra Technologies Corp

            14.1.9.1. Overview

            14.1.9.2. Product Portfolio

            14.1.9.3. Profitability by Market Segments

            14.1.9.4. Sales Footprint

            14.1.9.5. Strategy Overview

                14.1.9.5.1. Marketing Strategy

        14.1.10. ZETES

            14.1.10.1. Overview

            14.1.10.2. Product Portfolio

            14.1.10.3. Profitability by Market Segments

            14.1.10.4. Sales Footprint

            14.1.10.5. Strategy Overview

                14.1.10.5.1. Marketing Strategy

15. Assumptions & Acronyms Used

16. Research Methodology

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