Global Voice-Directed Warehousing Solutions Expected to Growth at a CAGR of 14.4% during 2017-2027

This research report offers a comprehensive analysis of the “Global Market Study on Voice-Directed Warehousing Solutions: Implementation and Integration Services Segment to Showcase High Market Share by 2025 End“ The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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Integration of new technologies and use of voice technology for inspection systems are set to create good opportunities for growth

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.

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.

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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).

Consulting to push the growth of services

Services segment in the component category is further categorized into consulting and implementation and integration. The consulting sub segment is the fastest growing and is poised to register a CAGR more than 15% throughout the forecast period. This segment is valued at US$ 66.7 Mn in 2017 and is estimated to reflect a value more than US$ 200 Mn by end of 2025. The services parent segment is projected to register a high growth to reflect a CAGR of 15.0%.

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