Global Voice-Directed Warehousing Solutions Market Scenario Focusing on Improvements Shaping Industry Growth

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Market Study on Voice-Directed Warehousing Solutions: Implementation and Integration Services Segment to Showcase High Market Share by 2025 End” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Voice-Directed Warehousing Solutions Market would rise at a positive CAGR during the period 2017-2025.

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The integration of new technologies such as big data analytics and cloud can bring new opportunities for warehouse vendors to gain sustainability in the competitive supply chain market. Also, integration of these technologies can help warehouse businesses to gain high traction in the market. Big data can help these companies to automate data collection of their warehouse and process them quickly by finding patterns having predictable values and applying analytics on database by identifying specific data features. The companies can also use cloud technology to store large amount of data in the cloud storage and gain access from any location. Also, cloud helps emerging companies to host their software on cloud, scale applications as per demand and flexibly configure them. With the increasing adoption of voice technology in various industries, warehousing companies have started implementing voice based technologies significantly. At present, the voice based solutions are used for order picking in warehouses. However, this technology can serve more capabilities in future as it can also be used for inspection and maintenance activity of warehouse in order to improvise the operational efficiency of a warehouse.

Voice-directed warehousing platform to witness high adoption during the forecast period

Voice-directed warehousing platform segment in the component category is expected to show high market attractiveness in the coming years. This segment has contributed largely to the growth of the global voice-directed warehousing market valuation in the past and is anticipated to lead the global market by the end of the year of assessment. The voice-directed warehousing platform segment is expected to grow at healthy rate to register a CAGR of 14.2% during the period of assessment to reach an estimation of a little under US$ 2 Bn by the end of the year of assessment (2025).

The global voice-directed warehousing solutions market is expected to show stellar growth

Persistence Market Research in its research study on global voice-directed warehousing solutions market has explained various aspects that have a direct influence on the growth of the global market. It has included profiling of major players that participate in voice-directed warehousing solutions. According to this research report, the global market for voice-directed warehousing solutions is expected to grow at a stellar CAGR of 14.4% throughout the period of forecast to reach a valuation of more than US$ 2.5 Bn by the end of the year of assessment from a value of more than US$ 900 Mn in 2017. This tremendous growth can be attributed towards rise in demand for flexible warehouse solutions, increasing adoption of technology in retail sector and advantages such as increased efficiency as compared to traditional methods and flexibility of operations resulting in increased productivity.

Research process at Persistence Market Research

At Persistence Market Research, a strong research process is applied. It has two main arms, namely primary and secondary research. Both these research types are carried out simultaneously. With an initial boost using vast secondary research, a clear market understating is obtained after which primary interviews are conducted and market observers or subject domain experts and key personnel are interviewed to deep dive in the market. The data obtained from these sources and other paid sources is collated. With the help of a triangulation method, single data point pertaining to each segment and sub segment of the market is obtained. During the collation of data, the intelligence obtained is validated at each level of the interview process which increases the accuracy of the researched data. This research methodology delivers astute and highly accurate data from which meaningful insights are derived.

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The research report on voice-directed warehousing solutions market covers competitive landscape, which covers the market shares, revenues, growth strategies applied, mergers and acquisitions, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, etc., of the various key players in the market. Such an intelligence framework can be used to make informed decisions and devise appropriate strategies to gain competitive advantage.

Market Segmentation

By Component
Voice-Directed Warehousing Platform
Services
Consulting
Implementation and Integration
By Industry
Electrical and Electronics
Food and Beverage
Pharmaceutical
E-Commerce
Retail
Tracking, Logistics and Transport
Others
By Region
North America
Latin America
Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)

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This release was published on openPR.