Voice Picking Solutions Market is expected to reach US$ 6.03 Bn. by 2029, at a CAGR of 14.7% throughout the forecast period.Voice Picking Solutions Market Dynamics
Increasing demand for voice-directed warehouse solutions to drive the market Supply chain management is an important part of any business. The significant growth of the retail sector and increasing warehouses are the major growth driver of the global voice picking solutions market. The retailers and manufacturers are looking to adopt warehouse solutions, which can improve picking efficiency, training to the warehouse employees, and productivity of the warehouses.To know about the Research Methodology :- Request Free Sample Report The voice picking solutions increases picking efficiency in the warehouse by up to 40% and accuracy up to 99.9%, which ensures to deliver the right product to the right customer. However, the solutions come with scanning or terminal screen displays, which help operators to scan barcodes on the product. As result, the increased demand for voice-directed warehouse solutions is expected to boost the global market.
High-cost investment to restrain the market
The initial cost to install the voice picking system is high as the operator needs to cover the warehouse and office areas with high-speed internet connectivity, which can be integrated with the voice picking solutions. Moreover, in extreme background noise, the operator may face difficulty in communication with the employee, which is expected to restrain the market growth.Lack of awareness and knowledge to challenge the market
In some countries, people don’t have that much awareness about the benefits of voice picking systems, they are still using traditional picking systems. Further, lack of knowledge and difficulty in understanding the new technologies is expected to create challenges for the market throughout the forecast period.Voice Picking Solutions Market Segment Analysis
Retail & e-commerce held the largest market share in 2022 and it is projected to witness the highest growth of xx% during the forecast period. The voice picking system is widely used in retail and e-commerce for communication between employees and hosts. It helps to reduce picking errors and improves accuracy, productivity, and efficiency in the warehouse. This also helps to monitor the inventory in the warehouse and ensures that the inventories are available or not to meet the consumers’ needs and demands. However, food & beverages have also been promptly adopting voice-picking solutions for the effective management of supply chain functions of the industry, which is expected to boost the market in the nearer future.Voice Picking Solutions Regional Insights
North America is expected to witness highest growth during forecast period North America is expected to witness the highest growth at a CAGR of 14.7% during the forecast period. The market growth is attributed to the increased adoption of voice picking solutions to improve employee training and productivity of the warehouse operation. The North American countries like the US and Canada have many retailers and e-commerce service providers, and adopting voice picking solutions to increase picking accuracy and deliver the right product to the right customers quickly. However, amazon’s growing trend to provide same-day delivery of a product is expected to create many lucrative opportunities for the market in North America. The Asia Pacific is expected to grow rapidly due to the growing e-commerce sector and the adoption of voice picking solutions to manage the inventory, eliminate picking errors, and make the process rapid. The increasing number of retailers, logistics, and transportation service providers in countries like India and China is expected to rise the demand for advanced picking solutions. However, China is the home of consumer goods as it has enormous consumer electronics brands and companies, which is expected to boost the market in the Asia Pacific. The objective of the report is to present a comprehensive analysis of the global voice picking solutions market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global voice picking solutions market dynamic, structure by analyzing the market segments and project global voice picking solutions market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global voice picking solutions market make the report investor’s guide.Voice Picking Solutions Market scope: Inquire before buying
Global Voice Picking Solutions Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.30 Bn. Forecast Period 2023 to 2029 CAGR: 14.7% Market Size in 2029: US $ 6.03 Bn. Segments Covered: by Component Software Services by End User Food & Beverage Retail & E-commerce HealthCare & Pharmaceutical Logistics & Transportation Automotive Others Voice Picking Solutions Market, by region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Voice Picking Solutions Market Company Key Players are:
1.Zetes 2.Voiteq Ltd. 3.Voxware, Inc. 4.Dematic Corporation 5.Honeywell International Inc. 6.Business Computer Projects Ltd. 7.TopVox Corporation 8.Lucas Systems, Inc. 9.Symphony RetailAI 10.Zebra Technologies 11.RFgen 12.Lucas Systems 13.eVision Industry Software 14.MDSi 15.Fonix 16.NuSuara Technologies Sdn Bhd 17.GreenKey Technologies 18.LumenVox 19.Voiteq 20.Alango Technologies 21.Sensory 22.AVT Systems 23.Peak-Ryzex 24.Manhattan Associates 25.SATO 26.Netlink 27.Bristlecone 28.Korber AG 29.Roima Intelligence 30.RateLinx 31.Vu360 Solutions 32.ADVATIXFrequently Asked questions
1. What is the market size of the Global Voice Picking Solutions Market in 2022? Ans. The market size Global Voice Picking Solutions Market in 2022 was US$ 2.30 Billion. 2. What are the different segments of the Global Voice Picking Solutions Market? Ans. The Global market is divided into Component and End User. 3. What is the study period of this market? Ans. The Global Voice Picking Solutions Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Voice Picking Solutions Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Voice Picking Solutions Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Voice Picking Solutions Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Voice Picking Solutions Market 3.4. Geographical Snapshot of the Voice Picking Solutions Market, By Manufacturer share 4. Global Voice Picking Solutions Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Voice Picking Solutions Market 5. Supply Side and Demand Side Indicators 6. Global Voice Picking Solutions Market Analysis and Forecast, 2022-2029 6.1. Global Voice Picking Solutions Market Size & Y-o-Y Growth Analysis. 7. Global Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 7.1.1. Software 7.1.1.1. On-Premise 7.1.1.2. Cloud 7.1.2. Services 7.1.2.1. Training 7.1.2.2. Consulting 7.1.2.3. Implementation & Integration 7.1.2.4. Maintenance & Support 7.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 7.2.1. Food & Beverage 7.2.2. Retail & E-commerce 7.2.3. HealthCare & Pharmaceutical 7.2.4. Logistics & Transportation 7.2.5. Automotive 7.2.6. Others 8. Global Voice Picking Solutions Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 9.1.1. Software 9.1.1.1. On-Premise 9.1.1.2. Cloud 9.1.2. Services 9.1.2.1. Training 9.1.2.2. Consulting 9.1.2.3. Implementation & Integration 9.1.2.4. Maintenance & Support 9.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 9.2.1. Food & Beverage 9.2.2. Retail & E-commerce 9.2.3. HealthCare & Pharmaceutical 9.2.4. Logistics & Transportation 9.2.5. Automotive 9.2.6. Others 10. North America Voice Picking Solutions Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 12. Canada Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 13. Mexico Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 14. Europe Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 15. Europe Voice Picking Solutions Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 17. France Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 17.2. 17.3. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 18. Germany Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 19. Italy Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 20. Spain Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 21. Sweden Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 22. CIS Countries Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 23. Rest of Europe Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 24. Asia Pacific Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 25. Asia Pacific Voice Picking Solutions Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 27. India Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 28. Japan Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 29. South Korea Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 30. Australia Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 31. ASEAN Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 32. Rest of Asia Pacific Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 33. Middle East Africa Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 34. Middle East Africa Voice Picking Solutions Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 36. GCC Countries Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 37. Egypt Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 38. Nigeria Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 39. Rest of ME&A Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 40. South America Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 41. South America Voice Picking Solutions Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 43. Argentina Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 44. Rest of South America Voice Picking Solutions Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Component, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Voice Picking Solutions Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Zetes 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Voiteq Ltd. 45.3.3. Voxware, Inc. 45.3.4. Dematic Corporation 45.3.5. Honeywell International Inc. 45.3.6. Business Computer Projects Ltd. 45.3.7. TopVox Corporation 45.3.8. Lucas Systems, Inc. 45.3.9. Symphony RetailAI 45.3.10. Zebra Technologies 45.3.11. RFgen 45.3.12. Lucas Systems 45.3.13. eVision Industry Software 45.3.14. MDSi 45.3.15. Fonix 45.3.16. NuSuara Technologies Sdn Bhd 45.3.17. GreenKey Technologies 45.3.18. LumenVox 45.3.19. Voiteq 45.3.20. Alango Technologies 45.3.21. Sensory 45.3.22. AVT Systems 45.3.23. Peak-Ryzex 45.3.24. Manhattan Associates 45.3.25. SATO 45.3.26. Netlink 45.3.27. Bristlecone 45.3.28. Korber AG 45.3.29. Roima Intelligence 45.3.30. RateLinx 45.3.31. Vu360 Solutions 45.3.32. ADVATIX 46. Primary Key Insights