IoT in Warehouse Management Market: Global Industry Analysis and Forecast 2021-2027: By Solution, Device, Service and Region.

IoT in Warehouse Management Market is anticipated to reach US$ 7.97 Bn. by 2027 from US$ 3.27 Bn. in 2020 at a CAGR of 16 % during a forecast period. The Internet of Things (IoT) is a collection of devices and systems that track their position, report on their condition, and receive and respond to orders. Sensors for measuring and tracking actions, as well as processors, are included in these devices. In warehouse management, Internet of Things (IoT) devices or systems are commonly employed. The connected device market is expected to be driven by the rising number of machine-to-machine applications, such as video surveillance, smart meters, transportation, health monitoring, and asset tracking. The digital customer experience is expected to be revolutionized by IoT-enabled technologies. Furthermore, several countries are expected to rise their telematics-related legislation. Besides, the growing number of telematics-related laws enacted by various governments is likely to drive demand for linked vehicles and boost warehouse productivity. IoT in Warehouse Management Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

IoT in Warehouse Management Market Dynamics

The increasing adoption of connected devices among individuals across the world is likely to fuel the growth of the worldwide Internet of Things in the warehouse management market. Other factors expected to fuel the growth of the target market include an increase in the number of machine-to-machine applications utilized in numerous sectors, such as video surveillance, transportation, smart meters, asset tracking, and health monitoring. Furthermore, as governments throughout the world tighten telematics-related rules, demand for linked trucks and warehouse operations is expected to rise. Furthermore, increased data interruption risks and the increasing need for data encryption in IoT device security are expected to drive market growth during the forecast period. Technological advancements for deploying warehouse management software and rising awareness of the Internet of Things (IoT) among individuals throughout the world are expected to create profitable opportunities for participants in the target market. The growing usage of fleet management by various transport providers is expected to fuel IoT in warehouse management demand. Protocol translation, device connectivity, security, updating, and data filtering are some of the key elements of IoT that are likely to drive the use of these solutions. IoT gateways provide safe data transfer methods. They serve as platforms for data-processing applications, which is expected to fuel worldwide demand for IoT solutions. Besides, the worldwide growth in technological applications and warehouse efficiency is likely to boost the IoT in the warehouse management market.

IoT in Warehouse Management Market Segmentation Analysis

By Solution, over the forecast period, the warehouse automation solution is expected to grow at a rapid pace. When compared to traditional forklift operations, automated warehousing solutions enhance storage capacity by 400%. Furthermore, automation helps to save warehouse storage space, which can then be utilized for other operations like packing and value-added services. Picking and putting away inefficiencies raise the overall storage operating cost. The use of workforce management software is expected to save labor costs. By Device, the gateway is expected to grow at a CAGR of xx% during the forecast period. The fast use of RFID technology is expected to increase demand in the market. RFID readers, barcode scanners, and other portable devices are being used by operators all over the world to improve shipping and inventory management. The RF tags, which are mounted to pallets, offer product information and location. Furthermore, the integration of RFID and warehouse management systems is likely to have a positive impact on the demand for sensing devices. By Service, The 3PL service segment is likely to be driven by enterprises' increasing shift to service-oriented marketing strategies. Over the forecast period, usage-based insurance is expected to grow at a CAGR of xx%. The usage-based insurance service is expected to be driven by the increased deployment of telematics technologies in vehicles and the increasing penetration of linked trucks.

IoT in Warehouse Management Market Regional Insight

In 2020, North America held greatest market share, accounting for about 43.71 percent, and is likely to be one of the most influential markets worldwide. The North American regional market is being driven by increased labour costs and the increasing penetration of automation. Furthermore, the region's market demand is expected to be driven by the rising usage of connected vehicles. The connected trucks' main uses include driver assistance systems, entertainment, and safety applications. Due to increased expenditures in solar projects and demand for solar energy sources, APAC has a considerable market share. Efforts to lessen dependency on fossil fuels might be beneficial to the IoT data warehouse market. The growing number of solar installations in China and India demonstrates the market's enormous potential. However, the region's market growth may be hampered by a shortage of land resources. Domestic customers may be attracted by the ease of installation and access to services. Customer complaints may be addressed through online portals and mobile gadgets, which can be beneficial to the market. IoT in Warehouse Management Market by Regional

Report Objectives:

• Landscape analysis of the IoT in Warehouse ManagementMarket • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the IoT in Warehouse Management Market dynamics, structure by analyzing the market segments and project the IoT in Warehouse Management Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the IoT in Warehouse Management Market make the report investor’s guide.

IoT in Warehouse Management Market Scope: Inquire before buying

IoT in Warehouse Management Market by Scope

IoT in Warehouse Management Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

IoT in Warehouse ManagementMarket: Key Players

• Omnitracs LLC. IBM Corporation • Software AG • Cisco Systems Inc. • UltraShipTMS • TECSYS Inc. • HCL Technologies Limited • Intel Corporation • PTC Incorporation • Eurotech SpA • Oracle Corporation • Zebra Technologies • Infor • Argos Software • Eurotech S.P.A. • GT Nexus

Frequently Asked Questions

1. What is the projected market size & growth rate of IoT in Warehouse ManagementMarket? Ans- IoT in Warehouse Management Market was valued at USD 3.27 billion in 2020 and is projected to reach USD 7.97billion by 2027, growing at a CAGR of 16 % during the forecast period. 2. What are the key driving factors for the growth of IoT in Warehouse ManagementMarket? Ans- increased data interruption risks and the increasing need for data encryption in IoT device security are expected to drive market growth during the forecast period. 3. Which Regions accounted for the largest IoT in Warehouse Management Market share? Ans- In 2020, North America had the greatest market share, accounting for about 43.71 percent, and is likely to be one of the most influential markets worldwide. 4. What makes Asia Pacific a Lucrative Market for IoT in Warehouse ManagementMarket? Ans- The growing number of solar installations in China and India demonstrates the market's enormous potential. 5. What are the top players operating in IoT in Warehouse ManagementMarket? Ans- Omnitracs LLC. IBM Corporation, Software AG, Cisco Systems Inc., UltraShipTMS, TECSYS Inc., and HCL Technologies Limited.
1. Global IoT in Warehouse Management Market: Research Methodology 2. Global IoT in Warehouse Management Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global IoT in Warehouse Management Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global IoT in Warehouse Management Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global IoT in Warehouse Management Market Segmentation 4.1 Global IoT in Warehouse Management Market, by Solution (2020-2027) • Warehouse automation • Workforce management • Inventory management • Electronic data interchange (EDI) • Tracking 4.2 Global IoT in Warehouse Management Market, by Device (2020-2027) • Sensing devices • Gateways 4.3 Global IoT in Warehouse Management Market, by Service (2020-2027) • Usage-based insurance • 3PL 5. North America IoT in Warehouse Management Market(2020-2027) 5.1 Global IoT in Warehouse Management Market, by Solution (2020-2027) • Warehouse automation • Workforce management • Inventory management • Electronic data interchange (EDI) • Tracking 5.2 Global IoT in Warehouse Management Market, by Device (2020-2027) • Sensing devices • Gateways 5.3 Global IoT in Warehouse Management Market, by Service (2020-2027) • Usage-based insurance • 3PL 5.4 North America IoT in Warehouse Management Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific IoT in Warehouse Management Market (2020-2027) 6.1. Asia Pacific IoT in Warehouse Management Market, by Solution (2020-2027) 6.2. Asia Pacific IoT in Warehouse Management Market, by Device (2020-2027) 6.2. Asia Pacific IoT in Warehouse Management Market, by Service (2020-2027) 6.2. Asia Pacific IoT in Warehouse Management Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa IoT in Warehouse Management Market (2020-2027) 7.1 Middle East and Africa IoT in Warehouse Management Market, by Solution (2020-2027) 7.2. Middle East and Africa IoT in Warehouse Management Market, by Device (2020-2027) 7.2. Middle East and Africa IoT in Warehouse Management Market, by Service (2020-2027) 7.4. Middle East and Africa IoT in Warehouse Management Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America IoT in Warehouse Management Market (2020-2027) 8.1. Latin America IoT in Warehouse Management Market, by Solution (2020-2027) 8.2. Latin America IoT in Warehouse Management Market, by Device (2020-2027) 8.2. Latin America IoT in Warehouse Management Market, by Service (2020-2027) 8.4 Latin America IoT in Warehouse Management Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European IoT in Warehouse Management Market (2020-2027) 9.1. European IoT in Warehouse Management Market, by Solution (2020-2027) 9.2. European IoT in Warehouse Management Market, by Device (2020-2027) 9.3. European IoT in Warehouse Management Market, by Service (2020-2027) 9.4. European IoT in Warehouse Management Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Sinopec Corp. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Omnitracs LLC. IBM Corporation 10.3. Software AG 10.4. Cisco Systems Inc. 10.5. UltraShipTMS 10.6. TECSYS Inc. 10.7. HCL Technologies Limited 10.8. Intel Corporation 10.9. PTC Incorporation 10.10. Eurotech SpA 10.11. Oracle Corporation 10.12. Zebra Technologies 10.13. Infor 10.14. Argos Software 10.15. Eurotech S.P.A. 10.16. GT Nexus

About This Report

Report ID125887
Category Information Technology & Telecommunication
Published DateNov 2021
Updated Date
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