Press release
Internet of Things IoT in Warehouse Management Market is projected to reach USD 55.24 Million by 2030: Cognitive Market Research
Internet of Things IoT in Warehouse Management Market is projected to reach USD 55.24 Million by 2030: Cognitive Market Research
- Economic development across the globe has pushed various sectors like manufacturing, retail, and healthcare to achieve highly efficient operations in order to increase productivity and fulfill customer demand. Therefore, logistics companies are continuously striving to meet customer growing demand. Therefore, automation in warehouse management systems plays a vital role in reducing product delivery time, minimizing distribution costs, and also reducing lead time. Thus, several benefits associated with the implementation of IoT solution has propelled the market growth in recent years.
Summary:
- As per Cognitive Market Research, Global Internet of Things in Warehouse Management market size was $9.82 Billion in 2022 and it is forecasted to reach $55.24 Billion by 2030. Internet of Things in Warehouse Management Industry's Compound Annual Growth Rate will be 27.9% from 2023 to 2030.
"To know more about The Internet of Things in Warehouse Management Market statistics click here: https://www.cognitivemarketresearch.com/internet-of-things-iot-in-warehouse-management-market-report
Market Dynamics:
• The growing expansion of the e-commerce industry:
Increasing economic and social activities have turned to digital solutions. Therefore, to sustain in the competitive market, market players have to adopt new technologies. E-commerce is a vastly growing industry due to ease of use and hassle-free shopping and returns, especially among the youth generation. Therefore, a rapidly growing number of online shoppers increases the need to implement smart warehouse management systems. Automated WMS helps manufacturers to handle goods stocks, tracking products and their locations, their order picking, and delivery status more efficiently. E-commerce giants such as Amazon, Alibaba, Zappos, and Coca-cola have adopted smart WMS solutions.
• Restraining Factor:
- Poor operational efficiency and lack of advancement in communication technology in emerging economies:
The major factors responsible for the successful functioning of the IoT are better operational efficiency and technological advancement. Several regions such as Latin America, the Middle East & Africa, and Asia Pacific have less adoption of technologies due to less literacy rates and low budgets. Though entrepreneurs and governments of many countries in these regions are aware of these technologies like IoT, because of high initial investment is poising its adoption which is expected to hinder the market growth to some extent.
Market Segmentation:
Device Type:
• Sensing Devices
• Gateways
Application:
• Warehouse automation
• Workforce management
• Inventory management
• Electronic data interchange (EDI)
• Tracking
The Major Players in Internet of Things in Warehouse Management Market are: Eurotech S.P.A., IBM Corporation, Argos Software, GT Nexus.
To view Infographics click here: https://www.cognitivemarketresearch.com/infographics
Get free sample pages of the latest published Internet of Things in Warehouse Management Market Report: https://www.cognitivemarketresearch.com/internet-of-things-iot-in-warehouse-management-market-report#request_sample
Regional Analysis:
• In 2022, North America has gained the largest market share of 45.34% in terms of revenue due to the increasing penetration of automation and prevailing high labor costs. In addition, the emergence of automated vehicles, robots, and drones is taking traction in the warehouse management system. 24/7 monitoring stock with accuracy coupled with clever racks, pallets, and containers assist to manage the products of the warehouse operators. Therefore, several benefits associated with IoT technology have enforced market players operating in this region to adopt this solution.
News:
• May 2020, MANHATTAN Associates Inc. announced cloud-native WMS with Manhattan ACTIVE warehouse management solutions:
A leading warehouse management software provider, Manhattan Associates Inc. has unveiled Manhattan ACTIVE warehouse management solutions that combines all aspects of distributions.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Internet of Things IoT in Warehouse Management Market
Chapter 4 Global Internet of Things IoT in Warehouse Management Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Internet of Things IoT in Warehouse Management Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Internet of Things IoT in Warehouse Management Industry Mergers and Acquisition Analysis
• 5.3 Global Internet of Things IoT in Warehouse Management New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Internet of Things IoT in Warehouse Management Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Internet of Things IoT in Warehouse Management Market by Device Type Segmentation Analysis (2018-2030)
Chapter 10 Global Internet of Things IoT in Warehouse Management Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Internet of Things IoT in Warehouse Management Market Regional Analysis
Chapter 12 North America Internet of Things IoT in Warehouse Management Market Outlook (2018 - 2030)
Chapter 13 Europe Internet of Things IoT in Warehouse Management Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Internet of Things IoT in Warehouse Management Market Outlook (2018 - 2030)
Chapter 15 Latin America Internet of Things IoT in Warehouse Management Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Internet of Things IoT in Warehouse Management Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Internet of Things in Warehouse Management Market TOC click here: https://www.cognitivemarketresearch.com/internet-of-things-iot-in-warehouse-management-market-report#table_of_contents
Related Report:
• IoT Cloud Platform market - https://www.cognitivemarketresearch.com/iot-cloud-platform-market-report
• Warehousing And Storage market - https://www.cognitivemarketresearch.com/warehousing-and-storage-market-report
• IoT Chip market - https://www.cognitivemarketresearch.com/iot-chip-market-report
Blog:
• How Does the Incidence Rate Influences Market Research - https://www.cognitivemarketresearch.com/blog/how-does-the-incidence-rate-influences-market-research
To view Impro Precision Industries Limited. Company Profile click here: https://www.cognitivemarketresearch.com/company_profile/impro-precision-industries-limited.
Article:
• Importance of NEMT Market - https://www.cognitivemarketresearch.com/articles/importance-of-nemt-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Internet of Things IoT in Warehouse Management Market is projected to reach USD 55.24 Million by 2030: Cognitive Market Research here
News-ID: 3065516 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Warehouse
How to Process Inter Warehouse & Intra Warehouse Transfers in Odoo 18
Managing inventory efficiently is a cornerstone of any successful business. Whether you're dealing with multiple warehouses or a single location, Odoo 18 offers robust tools to streamline your operations. One of the most critical aspects of inventory management is handling inter-warehouse and intra-warehouse transfers. In this article, we'll dive deep into how you can process these transfers seamlessly in Odoo 18. Plus, we'll explore how Odoo integration with WMS Warehouse…
Warehouse Management
Warehouse Management
Introduction:
In today's fast-paced business landscape, efficient warehouse management is crucial for small businesses to stay competitive and streamline their operations. A well-organized and optimized warehouse can lead to increased productivity, reduced costs, and improved customer satisfaction. In this blog post, we will explore some valuable tips and strategies to help small businesses streamline their warehouse management and achieve success.
For more information- https://krystal-group.com/blog/warehouse-management/
1. Optimize Layout and Space Utilization:
One of…
Streamlining Warehouse Operations: Choosing the Right Warehouse Management Syste …
The global market offers numerous Warehouse Management System ( https://businessprocessxperts.com/lean-warehouse-management-consulting/ ) software options, including renowned solutions such as SAP WM, Oracle WMS, Infor WMS, Odoo Inventory, Zoho Inventory, Manhattan WMS, and Microsoft Dynamics 365 Supply Chain Management. With a wide range of choices available, selecting the best-fit WMS for your business can be a daunting task. However, by considering a few essential prerequisites, you can navigate through the options and…
BPX Warehouse Specialists Redefining Warehouse Operations with Cutting-Edge Auto …
In the fast-paced world of modern logistics, warehouses play a pivotal role in ensuring efficient supply chain management. To stay ahead in the competitive landscape, businesses are turning to automation as a game-changer. Recognizing the transformative power of automation, BPX Warehouse Specialists, renowned experts in warehouse optimization, have unveiled a comprehensive suite of automation solutions that are revolutionizing the industry.
With years of experience and a deep understanding of warehouse operations,…
BPX Warehouse Specialists: Your Trusted Partner in Warehouse Setup and Optimizat …
The efficient setup of a warehouse is the foundation for smooth operations and seamless supply chain management. Recognizing the criticality of this process, BPX Warehouse Specialists, renowned experts in warehouse setup and optimization, have unveiled a comprehensive suite of services designed to help businesses establish and optimize their warehouse operations.
Setting up a warehouse involves careful planning ( https://businessprocessxperts.com/lean-warehouse-management-consulting/ ), meticulous layout design, standardized processes, and the right technology solutions. With…
Smart Warehouse Management System | Smart Warehouse Solutions
Armstrong is India’s biggest Intralogistics automation company, with 20 years of experience, over 1000 projects, in 14 countries. We build intelligent intralogistics solutions. With innovative know-how, we automate your inbound, outbound, storage and sorting operations. Our uniquely crafted solutions double your productivity, with 100% visibility and eliminate pilferage. To enhance your profitability, we deploy Robotics, Artificial Intelligence, Machine Learning and Business Intelligence. All our customers including Fortune 500 companies engage…
