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Smart Warehousing Market worth $74.62 billion by 2030, growing at a CAGR of 16.93% - Exclusive Report by 360iResearch
Smart Warehousing Market | 360iResearch
The Global Smart Warehousing Market to grow from USD 24.96 billion in 2023 to USD 74.62 billion by 2030, at a CAGR of 16.93%.
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The smart warehousing market integrates advanced technologies, including IoT, robotics, AI, machine learning, big data analytics, and cloud computing, with traditional warehouse management practices. This combination aims to enhance operational efficiency, reduce costs, improve customer service, and drive overall business growth. Industries utilizing smart warehousing include manufacturing, retail, e-commerce, pharmaceuticals, food and beverages, automotive, and third-party logistics. Key solutions in the smart warehousing market involve warehouse management systems (WMS), warehouse control systems (WCS), robotics process automation (RPA), drone technology for inventory monitoring & inspection purposes, and integration services facilitating seamless communication between software components. The growth factors fueling this market include a rapid surge in e-commerce demand, prompting businesses to adopt smart warehousing solutions, and the dynamic nature and globalization of supply chain networks enabling significant cost savings potential in labor, energy consumption, and space utilization. In addition, with the emergence of multi-channel distribution networks to reach and engage customers, businesses can enhance their market reach, improve customer satisfaction, and drive revenue growth. However, the high initial investment required to adopt advanced technologies may deter small businesses from implementing these solutions, and the lack of consistent governance norms in the fragmented supply chain and logistics hinders market growth. Opportunities within the industry lie in integrating emerging technologies including augmented reality (AR), virtual reality (VR), and blockchain and digitalization in the retail sector to enhance warehouse efficiency. Additionally, there is a growing focus on warehouse 4.0 for the more efficient and safer warehouses are expected to ensure growth in this market segment.
The American smart warehousing market is highly developed due to robust e-commerce growth, warehouse labor shortages, and an increasing need for efficient supply chain management solutions. In the Americas, particularly in North America, smart warehousing has gained substantial traction, primarily driven by the United States being at the forefront of technological advancements in warehouse automation and robotics. Latin America also contributes to the growth in this region with a focus on countries including Brazil and Mexico implementing automation solutions in their warehouses. The EMEA region also exhibits significant growth prospects for smart warehousing. The European market has been propelled by rapid adoption in countries such as Germany, France, Italy, and Spain due to their well-established manufacturing sectors and increased focus on Industry 4.0 initiatives. The Middle East & Africa region offers potential markets as they strive to diversify their economies and improve logistics infrastructure. The Asia Pacific region is experiencing the fastest growth in smart warehousing demand due to rapid industrialization, expanding e-commerce sector, and increasing investments in warehouse automation technologies. China and India are crucial in driving this growth due to their massive consumer bases and burgeoning manufacturing sectors. Additionally, Japan and South Korea are early adopters of advanced robotics technology, contributing to the increasing demand for smart warehousing solutions in Asia.
Market Segmentation & Coverage:
This research report categorizes the Smart Warehousing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Solutions. The Services is further studied across Managed Services, Professional Services, Support & Maintenance, System Integration & Implementation, and Training & Consulting. The Solutions is further studied across ERP Software, Inventory Software, SCM software, WCS, and WMS. The WMS is further studied across Integrated and Standalone. The Hardware is projected to witness significant market share during forecast period.
Based on Technology, market is studied across AI in Warehouse, AR, Automated Guided Vehicles (AGV), Blockchain in Warehouse, IoT & Analytics, RFID, Security, Voice Recognition, and Wi-Fi. The Security is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across Cloud and On-Premises. The Cloud is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises (SMEs). The Small & Medium-Sized Enterprises (SMEs) is projected to witness significant market share during forecast period.
Based on Application, market is studied across Dock Door Management, Inventory Management, IoT Management, Labor Management, Order Management, Shipping Management, Task Management, Transport Management, and Yard Management. The Transport Management is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Agriculture, Automotive, Energy & Utilities, Food & Beverages, Government, Healthcare & Life Sciences, Manufacturing, Mining, Retail & eCommerce, and Transportation & Logistics. The Energy & Utilities is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Smart Warehousing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Smart Warehousing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Smart Warehousing Market, highlighting leading vendors and their innovative profiles. These include Blue Yonder, Inc. by Panasonic Holdings Corporation, Epicor Software Corporation, Foysonis LLC, Fritz SCHÄFER GmbH & Co KG, Generix Group, Infor by Koch Industries, Inc., Körber AG, Locus Robotics Corporation, Logiwa, Inc., Made4net, Manhattan Associates, Inc., Mantis Informatics S.A., Microlistics by WiseTech Global Limited, Onward Robotics, Oracle Corporation, Orderhive Inc. by Cin7 Americas, Inc, PSI Software AG, PTC Inc., Reply S.p.A., SAP SE, ShipHero LLC, Softeon, Synergy Logistics Ltd., Tecsys Inc., and Vinculum Solutions Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Smart Warehousing Market, by Component
7. Smart Warehousing Market, by Technology
8. Smart Warehousing Market, by Deployment Mode
9. Smart Warehousing Market, by Organization Size
10. Smart Warehousing Market, by Application
11. Smart Warehousing Market, by End-Use
12. Americas Smart Warehousing Market
13. Asia-Pacific Smart Warehousing Market
14. Europe, Middle East & Africa Smart Warehousing Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Smart Warehousing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Smart Warehousing Market?
3. What is the competitive strategic window for opportunities in the Smart Warehousing Market?
4. What are the technology trends and regulatory frameworks in the Smart Warehousing Market?
5. What is the market share of the leading vendors in the Smart Warehousing Market?
6. What modes and strategic moves are considered suitable for entering the Smart Warehousing Market?
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