Smart Warehousing Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global smart warehousing market is anticipated to grow at a considerable CAGR of 12.3% during the forecast period. New technologies, such as artificial intelligence (AI) and the Internet-of-Things (IoT), are increasingly being used to develop new smart warehousing solutions that can improve the efficiency and accuracy of warehouse operations. Such factor is bolstering the market growth around the globe. AI can be used to analyze data from IoT sensors to predict when equipment is likely to fail. This allows businesses to proactively repair or replace equipment before it fails, which can help to reduce downtime and improve efficiency. Amazon is reportedly developing a new generation of AI-powered robots that can work alongside human workers in its warehouses. These robots are expected to be more intelligent and capable than Amazon's current robots, and they could help the company to further automate its warehouse operations. For recent in June, 2023 amazon announced that it has started using specialized robots in their inventories for improving their warehousing work while saving cost and time both. The company has deployed about 750, 000 robots for the smart work.

Microsoft is developing new IoT-enabled sensors that can be used to track the location and movement of inventory in real time. This data can be used to improve inventory management, optimize picking and packing operations, and prevent theft. For recent , according to a news by Microsoft , in October 2022, the company applied a new feature of new feature of Microsoft Dynamics 365 Supply Chain Management, which helps the company in the maintenance of machinery as the data is being stored by the help of internet of things (iot).

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Offering

· By Technology

· By Application

· By Vertical

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- includes ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric, and Siemens AG among others.

Smart Warehousing Market Report Segment

By Offering

· Hardware

· Software & Services

By Technology

· Artificial Intelligence (AI) and Analytics

· Robotics and Automation

· Internet-of-Things (IOT)

· Others (Augmented Reality (AR)/ Virtual Reality (VR))

By Application

· Inventory Management

· Order Management

· Transportation Management

· Predictive Analysis

· Others (Shipping Management)

By Vertical

· Retail & E-Commerce

· Transportation & Logistics

· Manufacturing

· Food and Beverage

· Healthcare

· Others (Automotive, Consumer Products)

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Smart Warehousing Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Blue Yonder, Inc.

· e2open, LLC.

· Epicor Software Corp.

· Generix Grp.

· IBM Corp.

· Infor

· Made4net

· Manhattan Associates, Inc.

· Mantis Informatics S.A.

· MECALUX, S.A.

· Microlistics

· Microsoft

· Oracle

· PSI Logistics GmbH.

· PTC Inc.

· Reply S.p.A.

· SAP SE

· Softeon

· SSI Schäfer Automation GmbH

· Synergy Logistics Ltd.

· Tecsys Inc.

· Tianqi Lithium Industry Co., Ltd.

· Vinculum Grp.

· WAREIQ LOGISTICS Pvt. Ltd.

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