The global IoT in warehouse management market is anticipated
to reach USD 19.06 billion by 2025, according to a new report by Grand View
Research, Inc. Increasing adoption of Goods-to Person (GTP) technology in
warehouses is expected to drive the growth.
Telematics plays a major role in
developing innovative solutions for fleet management. The increasing use of
fleet management services by transport operators is anticipated to propel the
telematics market demand. The adoption of telematics systems is expected to aid
companies in reducing their fuel expenses and number of empty of runs.
IoT gateways provide secured
channels to transmit data. The gateways operate as platforms for applications
that process data. IoT also performs functions such as protocol translation, device
connectivity, security, updating, and data filtering. The growing penetration
of cloud-based platforms is likely to positively impact the market demand over
the projected period.
The EDI solution is expected to
portray high growth rate over the forecast period, owing to the increasing need
for data accuracy at the customer end. The implementation of EDI is likely to
reduce human errors and provide real-time information to the customer. The
growing usage of mobile applications coupled with the increasing proliferation
of the embedded sensor technology is anticipated to further propel the industry
demand.
Browse full research report on Internet of Things (IoT)
in Warehouse Management Market: http://www.grandviewresearch.com/industry-analysis/internet-of-things-iot-warehouse-management-market
Further key findings from
the report suggest:
- The growing penetration of technologies, such as RFID
and Automatic Identification and Data Capture (AIDC), is expected to
influence the market demand
- Inventory management solution dominates the market in
terms of revenue
- The widespread adoption of pallet/item level tagging
is expected to drive the smart inventory management solution
- The EDI solution is expected to witness a significant
growth with a CAGR of 27.3% over the projected period
- Sensing devices are anticipated to dominate the
market in terms of revenue over the forecast period, owing to the
increasing adoption of sensors across various applications
- The Asia Pacific region is expected to portray high
growth rate over the forecast period
- Germany and Singapore are the top ranked logistics
performance index (LPI) countries
- The key market players include Zebra Technologies
(U.S.), IBM Corporation (U.S.), Software AG (Germany), and Tecsys, Inc.
(U.S.)
Read Our Blog: http://www.grandviewresearch.com/blog/internet-of-things-iot-in-warehouse-management-market-size-share
Grand View Research has segmented the IoT in warehouse
management market based on solution, device, service, and region:
IoT In Warehouse Management Solution Outlook (Revenue,
USD Million; 2014 - 2025)
- Warehouse
automation
- Workforce
management
- Inventory
management
- Electronic
data interchange (EDI)
- Tracking
IoT In Warehouse Management Device Outlook (Revenue, USD
Million; 2014 - 2025)
- Sensing
devices
- Gateways
IoT in Warehouse Management Service Outlook (Revenue, USD
Million; 2014 - 2025)
- 3PL
- Usage-based
insurance
IoT in Warehouse Management Regional Outlook (Revenue,
USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Singapore
- South
America
- Brazil
- The
Middle East and Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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