The global IoT in warehouse management market is anticipated to reach USD
19.06 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing adoption of Goods-to Person (GTP) technology in warehouses is
expected to drive the growth.
Telematics plays a major role in developing innovative solutions for
fleet management. The increasing use of fleet management services by transport
operators is anticipated to propel the telematics market demand. The adoption
of telematics systems is expected to aid companies in reducing their fuel
expenses and number of empty of runs.
IoT gateways provide secured channels to transmit data. The gateways
operate as platforms for applications that process data. IoT also performs
functions such as protocol translation, device connectivity, security,
updating, and data filtering. The growing penetration of cloud-based platforms
is likely to positively impact the market demand over the projected period.
The EDI solution is expected to portray high growth rate over the
forecast period, owing to the increasing need for data accuracy at the customer
end. The implementation of EDI is likely to reduce human errors and provide
real-time information to the customer. The growing usage of mobile applications
coupled with the increasing proliferation of the embedded sensor technology is
anticipated to further propel the industry demand.
In depth research report on Internet of Things
(IoT) in Warehouse Management Market
Further key findings from the report suggest:
•
The growing
penetration of technologies, such as RFID and Automatic Identification and Data
Capture (AIDC), is expected to influence the market demand
•
Inventory management
solution dominates the market in terms of revenue
•
The widespread
adoption of pallet/item level tagging is expected to drive the smart inventory
management solution
•
The EDI
solution is expected to witness a significant growth with a CAGR of 27.3% over
the projected period
•
Sensing
devices are anticipated to dominate the market in terms of revenue over the
forecast period, owing to the increasing adoption of sensors across various
applications
•
The Asia
Pacific region is expected to portray high growth rate over the forecast period
•
Germany and
Singapore are the top ranked logistics performance index (LPI) countries
•
The key market
players include Zebra Technologies (U.S.), IBM Corporation (U.S.), Software AG
(Germany), and Tecsys, Inc. (U.S.)
Grand View Research has segmented the IoT in warehouse management market
based on solution, device, service, and region:
IoT In Warehouse Management Solution Outlook
(Revenue, USD Million; 2014 - 2025)
•
Warehouse
automation
•
Workforce
management
•
Inventory
management
•
Electronic
data interchange (EDI)
•
Tracking
IoT In Warehouse Management Device Outlook
(Revenue, USD Million; 2014 - 2025)
•
Sensing
devices
•
Gateways
IoT in Warehouse Management Service Outlook
(Revenue, USD Million; 2014 - 2025)
•
3PL
•
Usage-based
insurance
IoT in Warehouse Management Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Maxico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
o
Singapore
·
Latin America
o
Brazil
·
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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