North America Internet of Things in Warehouse Management Market Size, Share & Industry Trends Analysis Report By Device (Sensing Devices and Gateways), By Service (3PL and Usage-based Insurance), By Solution, By Country and Growth Forecast, 2023 - 2029
The North America Internet of Things in Warehouse Management Market would witness market growth of 14.0% CAGR during the forecast period (2023-2029).
The Internet of Things transforms warehouse management and supply chain operations. This technology aids in enhancing and evolving the way these time-consuming jobs are created. However, time-consuming processes associated with stocking and maintaining products prevent productivity objectives from being achieved. IoT accelerates the communication in a warehouse among the employees and aids in keeping track of each product.
An internet-connected network of gadgets with built-in software, sensors, and other technologies is communication, it can transport data through a network. The introduction of IoT has opened up countless opportunities for both individuals and businesses. Smart household appliances, including lighting, air conditioning, security systems, remote health monitoring, emergency notification mechanisms in the healthcare sector, warehouse management, inventory management, and more in the logistics sector are a few examples of IoT.
The implementation of automated warehouse operations is widespread in Canada, which raises the demand for warehouse management systems. A significant upheaval in retail channels has led Canadians to embrace online shopping. Around 75% of Canada's population, or over 27 million people, used eCommerce in 2022. This percentage is projected to increase to 77.6% in 2025. Rising sales of retail e-commerce in Canada are a result of more people shopping online. In addition, demand for such systems is also expanding in Mexico due to the growing use of the manufacturing sector. Due to increased R&D efforts and the concentration of most regional producers, the Internet of Things in warehouse management market is bound to grow in the coming years.
The US market dominated the North America Internet of Things in Warehouse Management Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,509.6 Million by 2029. The Canada market is poised to grow at a CAGR of 16.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 15.9% during (2023 - 2029).
Based on Device, the market is segmented into Sensing Devices and Gateways. Based on Service, the market is segmented into 3PL and Usage-based Insurance. Based on Solution, the market is segmented into Inventory Management, Warehouse Automation, Workforce Management, Electronic data Interchange (EDI), and Tracking. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, EUROTECH S.p.A., HCL Technologies Ltd. (HCL Enterprises), Argos Software (Constellation Software), Software AG, Tecsys, Inc., Zebra Technologies Corporation, Infor, Inc. (Koch Industries), Omnitracs, LLC (Solera Holdings, Inc.), and PCS Software, Inc. (UltraShipTMS).
Scope of the Study
Market Segments covered in the Report:
By Device
Sensing Devices
Gateways
By Service
3PL
Usage-based Insurance
By Solution
Inventory Management
Warehouse Automation
Workforce Management
Electronic data Interchange (EDI)
Tracking
By Country
US
Canada
Mexico
Rest of North America
Companies Profiled
IBM Corporation
EUROTECH S.p.A.
HCL Technologies Ltd. (HCL Enterprises)
Argos Software (Constellation Software)
Software AG
Tecsys, Inc.
Zebra Technologies Corporation
Infor, Inc. (Koch Industries)
Omnitracs, LLC (Solera Holdings, Inc.)
PCS Software, Inc. (UltraShipTMS)
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Internet of Things in Warehouse Management Market, by Device
- 1.4.2 North America Internet of Things in Warehouse Management Market, by Service
- 1.4.3 North America Internet of Things in Warehouse Management Market, by Solution
- 1.4.4 North America Internet of Things in Warehouse Management Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, Oct – 2023, Mar) Leading Players
- Chapter 4. North America Internet of Things in Warehouse Management Market by Device
- 4.1 North America Sensing Devices Market by Country
- 4.2 North America Gateways Market by Country
- Chapter 5. North America Internet of Things in Warehouse Management Market by Service
- 5.1 North America 3PL Market by Country
- 5.2 North America Usage-based Insurance Market by Country
- Chapter 6. North America Internet of Things in Warehouse Management Market by Solution
- 6.1 North America Inventory Management Market by Country
- 6.2 North America Warehouse Automation Market by Country
- 6.3 North America Workforce Management Market by Country
- 6.4 North America Electronic data Interchange (EDI) Market by Country
- 6.5 North America Tracking Market by Country
- Chapter 7. North America Internet of Things in Warehouse Management Market by Country
- 7.1 US Internet of Things in Warehouse Management Market
- 7.1.1 US Internet of Things in Warehouse Management Market by Device
- 7.1.2 US Internet of Things in Warehouse Management Market by Service
- 7.1.3 US Internet of Things in Warehouse Management Market by Solution
- 7.2 Canada Internet of Things in Warehouse Management Market
- 7.2.1 Canada Internet of Things in Warehouse Management Market by Device
- 7.2.2 Canada Internet of Things in Warehouse Management Market by Service
- 7.2.3 Canada Internet of Things in Warehouse Management Market by Solution
- 7.3 Mexico Internet of Things in Warehouse Management Market
- 7.3.1 Mexico Internet of Things in Warehouse Management Market by Device
- 7.3.2 Mexico Internet of Things in Warehouse Management Market by Service
- 7.3.3 Mexico Internet of Things in Warehouse Management Market by Solution
- 7.4 Rest of North America Internet of Things in Warehouse Management Market
- 7.4.1 Rest of North America Internet of Things in Warehouse Management Market by Device
- 7.4.2 Rest of North America Internet of Things in Warehouse Management Market by Service
- 7.4.3 Rest of North America Internet of Things in Warehouse Management Market by Solution
- Chapter 8. Company Profiles
- 8.1 IBM Corporation
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional & Segmental Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Product Launches and Product Expansions:
- 8.2 EUROTECH S.p.A.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Acquisition and Mergers:
- 8.3 HCL Technologies Ltd. (HCL Enterprises)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.4 Argos Software (Constellation Software)
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.5 Software AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.6 Tecsys, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.7 Zebra Technologies Corporation
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional & Segmental Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.5.2 Product Launches and Product Expansions:
- 8.8 Infor, Inc. (Koch Industries)
- 8.8.1 Company Overview
- 8.8.2 Recent strategies and developments:
- 8.8.2.1 Partnerships, Collaborations, and Agreements:
- 8.8.2.2 Acquisition and Mergers:
- 8.9 Omnitracs, LLC (Solera Holdings, Inc.)
- 8.9.1 Company Overview
- 8.9.2 Recent strategies and developments:
- 8.9.2.1 Product Launches and Product Expansions:
- 8.10. PCS Software, Inc. (UltraShipTMS)
- 8.10.1 Company Overview
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