Smart Warehousing Market Poised for Strong Growth, Expected to Exceed $40.5 Billion by 2028

Smart Warehousing Market by Offering (Hardware, Software, Services), Technology (AI & Analytics, Robotics & Automation), Application (Inventory Management, Predictive Analytics), Warehouse Size, Vertical and Region - Global Forecast to 2028.
The global smart warehousing market [https://www.marketsandmarkets.com/Market-Reports/smart-warehousing-market-199732421.html?utm_campaign=smart-warehousing-market&utm_source=abnewswire.com&utm_medium=paidpr] is expected to grow at a CAGR of 14.6% during the forecast period, increasing from an estimated USD 20.4 billion in 2023 to USD 40.5 billion by 2028. Key drivers of this growth include the rise of multi-channel distribution networks, the evolving and globalized nature of supply chains, and the growing emphasis on sustainability and green initiatives aimed at reducing waste.

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By services, managed services to register for the highest CAGR during the forecast period

The services segment of the smart warehousing market is growing rapidly. The managed services are vital in properly functioning smart warehousing solutions. Managed services provide all the required skillsets to maintain and upgrade the solutions, which is of utmost importance in the smart warehousing or positioning environment. All client's pre-and post-deployment questions and needs are taken care of through the managed services unit. Organizations mostly outsource such services to offer clients on-time delivery and an enhanced experience.

By technology, Robotics & Automation to register for the highest market size during the forecast period

The smart warehousing market is experiencing a transformative wave driven by Robotics & Automation technologies. The adoption of autonomous robots, such as AGVs (Automated Guided Vehicles) and AMRs (Autonomous Mobile Robots), is streamlining warehouse operations by automating material handling, inventory management, and order fulfillment processes. This not only reduces labor costs but also enhances accuracy and speed, making it a compelling choice for businesses striving to meet the rising e-commerce demands.

By region, Asia Pacific accounted for highest growth rate during forecast period

Asia Pacific is the fastest-growing region for the smart warehousing market during the forecast period. The growth of the market in this region can be attributed to the tremendous growth of the eCommerce and manufacturing industries in emerging economies such as China, India, and Japan. China is a key contributor to the growth of the smart warehousing market in Asia Pacific owing to its huge industrial and manufacturing sector, whereas India is the fastest-growing market during the forecast year.

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Unique Features in the Smart Warehousing Market

Smart warehouses leverage advanced automation technologies such as autonomous mobile robots (AMRs), automated guided vehicles (AGVs), and robotic picking systems. These innovations enhance efficiency, reduce manual labor, and improve accuracy in inventory management and order fulfillment.

AI-powered systems analyze vast amounts of data to optimize warehouse operations. Machine learning algorithms predict demand patterns, enhance route optimization for material handling, and improve decision-making in real time.

IoT-enabled sensors and connected devices provide real-time monitoring of inventory, equipment status, and environmental conditions. These technologies help in reducing losses, preventing stockouts, and ensuring compliance with safety standards.

Cloud-based WMS solutions enable seamless data access, remote monitoring, and integration with other supply chain systems. These platforms enhance scalability, reduce infrastructure costs, and support multi-location warehouse management.

Blockchain technology enhances security, transparency, and traceability in smart warehousing. It helps in verifying the authenticity of goods, preventing fraud, and ensuring seamless collaboration across the supply chain.

Major Highlights of the Smart Warehousing Market

The deployment of autonomous mobile robots (AMRs), automated guided vehicles (AGVs), and robotic picking systems is transforming warehouse operations. These technologies enhance efficiency, reduce labor dependency, and improve order accuracy.

AI-powered analytics and machine learning algorithms optimize inventory management, demand forecasting, and real-time decision-making, leading to improved operational efficiency and cost savings.

IoT-enabled sensors and connected devices provide real-time insights into inventory levels, warehouse conditions, and asset tracking. This enhances visibility, prevents stock shortages, and ensures better resource utilization.

The shift toward cloud-based WMS solutions allows for seamless integration, remote monitoring, and improved scalability. These systems enable businesses to manage multiple warehouse locations efficiently.

Smart warehouses are increasingly adopting green initiatives, such as energy-efficient lighting, solar power, and waste reduction strategies. This shift aligns with global sustainability goals and regulatory compliance.

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Top Companies in the Smart Warehousing Market

Some major players in the smart warehousing market include Manhattan Associates (US), Korber (Germany), Oracle (US), SAP (Germany), Tecsys (Canada), PSI Logistics (Germany), PTC (US), Reply (Italy), Infor (US), IBM (US), Blue Yonder (US), Generix Group (France), Microlistics (Australia), ABB (Switzerland), Microsoft (US), Epicor (US), Made4net (US), Mantis (US), Softeon (US), Synergy Logistics (US), E2open (US), Vinculum (India), Mecalux (Spain), SSI Schaefer (US), WareIQ (India), Foysonis (India), Increff (India), Locus Robotics (US), ShipHero (US), Cin7 (US), EasyEcom (India), Unicommerce (India), and IAM Robotics (US).

Manhattan Associates

Manhattan Associates offers smart warehousing solutions under the supply chain product category. The company is one of the leading providers of innovative warehouse management solutions, and its flagship product Manhattan SCALE, which runs on Microsoft's NET platform, is an ideal product for meeting distribution requirements and handling complex supply chain execution challenges. The product is a combination of various solutions, including warehouse management, labor management, trading partner management, supply chain intelligence, yard management, and transportation execution.

Korber

Korber brings a deep understanding of supply chain processes and customer needs, combined with experience in deploying warehouse management solutions globally. It understands that customer's requirements differ significantly, depending on the size and complexity of their warehouse operations. It offers a range of WMS solutions that can address small and medium-sized warehouses. It manages an increasingly complex supply chain while satisfying evolving customer requirements and stringent SLAs. The company's ability to adapt and tailor its solutions to meet the unique needs of different industries positions it as a key player in the warehouse management technology sector, enabling businesses to stay agile and efficient in an increasingly complex and competitive market.

Oracle

Oracle's smart connected warehouse provides 360-degree operations to predict maintenance and quality issues efficiently, reduce downtime, improve inventory, product traceability, and optimize space. Oracle warehouse management solution supports the complex fulfilment operations and provides inventory visibility from the distribution center to the store shelf. It can improve labor and space utilization, reduce fulfilment costs, and improve inventory and delivery accuracy. Oracle's WMS software solutions offer highly advanced and sophisticated functionalities, including inventory control, replenishment management, task management, dock, and yard management, put away optimization, reporting and analytics.

SAP

SAP is a prominent player in the Smart Warehousing Market, offering advanced solutions that integrate Internet of Things (IoT), machine learning, and automation technologies to optimize warehouse operations. SAP's Extended Warehouse Management (EWM) system provides real-time visibility and control over inventory, streamlining processes such as picking, packing, and shipping. The platform leverages data analytics and predictive insights to enhance decision-making and operational efficiency, enabling warehouses to reduce costs and improve accuracy. With a focus on digital transformation, SAP helps businesses transition to smart warehousing, ensuring seamless integration with existing enterprise resource planning (ERP) systems and fostering a more responsive and agile supply chain.

Tecsys

Tecsys is a key player in the Smart Warehousing Market, known for its comprehensive supply chain management solutions that incorporate advanced technologies such as IoT, automation, and analytics. Tecsys's smart warehousing solutions focus on optimizing warehouse operations through real-time data visibility, enhanced inventory management, and streamlined workflows. Their systems enable precise tracking and efficient handling of goods, reducing errors and operational costs. By integrating with existing IT infrastructures, Tecsys helps businesses achieve greater agility and responsiveness in their warehousing operations, ultimately improving customer service and supply chain efficiency.

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