IoT in Warehouse Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

IoT in Warehouse Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of IoT in Warehouse Management Market

The IoT in warehouse management market size was valued at USD 10.86 billion in 2022, and the market is now projected to grow from USD 12.13 billion in 2023 to USD 28.79 billion by 2030, exhibiting a CAGR of 13.1% during the forecast period of 2022-2030.

The COVID-19 pandemic created enormous opportunities on the IoT in warehouse management market growth as curbing covid19 outbreak was prioritized. The COVID-19 state of affairs had a top effect at the deliver chain of numerous industries, ensuing in logistics disruptions, shortages of material and hard work, and sudden modifications in product demand. Since retail and e-alternate businesses had been developing at a constant tempo at some point of this era, the demand for implementing superior technologies

The IoT in warehouse control market share globally has been contributed because of the surge in wearable device utilization in warehouse control operations. Wearable devices supply actual-time specific records on severa residences and provide on-the-spot notifications to enhance technique performance and take away non-compliance. Integrating IoT strategies with warehouses also can improve the accuracy of tracking stock and enhance the overall performance of human operators.

Furthermore, there’s been a notable trend of adoption of digital twin technology to build 3D model of warehouses. A warehouse in the in the virtual twin era feeds statistics into a digital system. A digital dual improves the performance of production methods, boosts productivity, and decreases the entire manufacturing time. A single warehouse virtual dual can clearly design, simulate, and test new warehouse processes and product actions without converting the existing, more complex places.

Comprehensive Analysis of IoT in Warehouse Management Market

The IoT in warehouse management market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by types of application, enterprise, and end-user. The application types include, Workforce Management,Inventory Optimization, Warehouse Automation, Asset Tracking, Predictive Maintenance, and Others. However, the enterprises are such as Large Enterprises and Small & Medium Enterprises.

The Asia Pacific region is conducive to the global IoT in warehouse management market, leading to a recall of USD 2.47 billion owing to increasing penetration of manufacturing and e-commerce industries. The growing penetration of producing and e-trade industries in nations, inclusive of India and China, has reinforced the adoption of superior analytical tools.

The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, PTC, Inc. (U.S.), HCL Technologies Limited (India), IBM Corporation (U.S.), Suntist Labs Pvt. Ltd. (India), Software AG (Germany), Oracle Corporation (U.S.), Zebra Technologies Corp. (U.S.), Tecsys, Inc. (U.S.), Zyter, Inc. (U.S.), and Argos Software (U.S.) these market players provide a level-playing competitive landscape.

In October 2021, Zyter entered into a partnership settlement with Qualcomm to increase an IoT-based smart warehouse solution for OneScreen, a clever school-era issuer in San Diego. It consists of imposing a virtual twin, a sturdy warehouse control machine, AR/VR technology, IoT sensors, and autonomous mobile robots (AMR) to enhance workers' protection and security.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 13.1% from 2023 to 2030

Unit Value (USD billion)

Segmentation By Application, Enterprise Type, End-user, and Region

By Application Asset Tracking

Inventory Optimization

Warehouse Automation

Workforce Management

Predictive Maintenance

Others (Fleet Management)

By Enterprise Type Small & Medium Enterprises

Large Enterprises

By End-user Retail & E-commerce

Manufacturing

Transportation & Logistics

Food & Beverages

IT & Telecommunication

Healthcare

Others (Agriculture, Automotive, Electricals & Electronics)

By Region North America (By Application, By Enterprise Type, By End-user, and By Country)

- U.S. (Application)

- Canada (Application)

- Mexico (Application)

Europe (By Application, By Enterprise Type, By End-user, and By Country)

- U.K. (Application)

- Germany (Application)

- France (Application)

- Italy (Application)

- Spain (Application)

- Russia (Application)

- Benelux (Application)

- Nordics (Application)

- Rest of Europe

Asia Pacific (By Application, By Enterprise Type, By End-user, and By Country)

- China (Application)

- India (Application)

- Japan (Application)

- South Korea (Application)

- ASEAN (Application)

- Oceania (Application)

- Rest of Asia Pacific

Middle East & Africa (By Application, By Enterprise Type, By End-user, and By Country)

- Turkey (Application)

- Israel (Application)

- GCC (Application)

- South Africa (Application)

- North Africa (Application)

- Rest of the Middle East & Africa

South America (By Application, By Enterprise Type, By End-user, and By Country)

- Brazil (Application)

- Argentina (Application)

- Rest of South America


Please Note: It will take 5-6 business days to complete the report upon order confirmation.