Global Digital Warehouse Solution Market is valued at USD 23.48 Billion in 2021 and is expected to reach USD 83.70 Billion by 2028 with a CAGR of 19.91% over the forecast period.
Digital warehousing stands for warehousing and distribution services that utilize the advanced technology to improve and automate warehouse developments and workflows. Digital warehouse solutions are working to support logistics businesses in decreasing incurred costs. By outsourcing, it helps to progress their supply chain deprived of the necessity to capitalize on infrastructure and warehouse automation. Warehouse management solutions support heightened warehousing processes, inventory and tracking, workload supply, and shipping. These are a kind of software that delivers the tools essential to accomplish warehouse procedures and inventory movement in no time and eliminate manual methods. These types of solutions in digital warehousing give extraordinary visibility and real-time vision into each action that's happening in the warehouse. The warehouse solutions track the exact location of every unit from the time it reaches until the product is loaded and shipped to the subsequent endpoint. With the urbanization, latest technologies, and the ever-rising world of online shopping, digital warehousing has been a hotter topic among people. The first warehouse group store was started in 1982 in North Shore, Auckland.
During the rocky road of the pandemic, loads of businesses across the supply chain agonized over several hiccups. With several rules and regulations directed by the government, loads of companies were ceased and halted their production. Covid-19 has also shown a mixed impact on the digital warehouse solution market globally. The impact of COVID on the warehouse plants had significant effects for short time. For instance, Amazon has temporarily closed New Jersey Warehouse during the pandemic in December 2020. Furthermore, pandemics had dynamically forced people to use online shopping. Labor shortages and social distancing necessities bolstered the acceptance of digital technology solutions in warehouses. As a result, the Covid-19 is flourishing the demand for warehouse digital solutions, and it is also anticipated to grow in the forecast period.
The global digital warehouse solution market is segmented on the basis on component, function, organization size, deployment mode, vertical, and region & country level. Based on components, the digital warehouse solution market is classified as solutions and services. Based on function, the market is categorized as warehouse management, transportation management and workforce management. Based on organization size, the digital warehouse solution market is categorized as small & medium enterprises and large enterprises. Based on deployment mode, the digital warehouse solution market is classified as on-premise and cloud based. Based on vertical, the digital warehouse solution market is categorized as manufacturing, automotive, retailing, IT & telecommunications, and others.
Global Digital Warehouse Solution Market reports cover prominent players like
The development of the e-commerce segment has been the fundamental aspect of the enlarged digital warehouse solutions. E-commerce impact on transportation and warehouse is real. The enlargement in e-commerce activities needs warehouse and logistics providers to work more efficiently which has created the demand for digital warehouse solutions. E-commerce is rapidly affecting the warehouse segment in a positive manner. For instance, for warehouses and logistics applications, more than 55,000 automated mobile robots were wholesaled in 2020 which has tripled as compared to the sales. The e-commerce segment has become more viable than ever and massively impacting the warehouse business as well. The digital solutions used in the warehouse aids in real-time asset management capability everywhere in the yard for recording the location of the goods. For this reason, voluminous e-commerce warehouse managers are cherry-picking to use precise e-commerce warehouses solutions for their processes. As a result, the value for diverse digital solutions from warehouses is intensively enhanced across the region. Consequently, this factor is propelling the market growth for a long-lasting period.
In addition, the implementation of automation service technologies is increasing, permitting warehouses to willingly scale resources up or down to accommodate shifts as required. There are the masses of aspects behind this trend from escalating labor costs to prompt growth in eCommerce sales and a mounting demand for rapid order fulfillment, such as two-day or even same-day delivery. Almost 62% of respondents informed human fault from manual method management as the #1 root reason of inventory fulfillment problems. Thus, crowds of businesses are going for automation in warehouse plants. For instance, more than 3 out of 10 warehouses and distribution centers are presently using robotics. Also, in 2021, more than 20% of organizations are considering robotics for warehouse processes. Executing automation strategies in warehousing can deliver momentous enhancements in methods of simplification and flexibility. To conclude, this factor is greatly involved in the growth of the digital warehouse solutions market on a global level.
However, the lack of uniform governance standards in the fragmented logistics industry may hamper the digital warehouse solutions market growth. Despite this, intensifying desires to advance the transportation and logistics sector through the adoption of new and progressive technologies are producing lucrative opportunities for the growth of the market.
Actian Introduces Industry-First Real-Time Connected Cloud Data Warehouse Solution
April 22, 2020 - Actian, one of the leading companies in hybrid cloud data warehousing and data integration had announced Avalanche Real-Time Connected Data Warehouse Solution with provision for AWS and Azure cloud platforms. The company is considered as one of the industry’s first and solitary cloud data warehouses that recommend comprehensive integration capabilities natively constructed into the product. It allows enterprises to quickly and reasonably harness their varied data sources for usage in high-performance analytics, both in the on-premises and cloud.
The regions covered in Digital Warehouse Solution Market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of EVSE is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia, GCC (UAE, Saudi Arabia, Egypt), Africa, etc.
North America is expected to dominate the growth of the digital warehouse solution market owing to various factors which include skyrocketing digital technology in the region, significant expansion of ecommerce industry, and others. With the technological history of the U.S., describe it as one of the most technologically developed nations in the world. The labor shortage in the region is eventually resulting in the implementation of automation together with digital warehouse solutions. For instance, in 2017, there were 59.76% of employees and this number decreased to 57.17% in 2018. From 2019, the U.S. is still missing about 4.3 million workers. Also, more than 10% of U.S. warehouses were already using digital warehousing solutions. Thus, technological advancement and the labor shortage are dynamically flourishing the digital warehouse solution market growth.
The Asia Pacific is projected to become the fastest-growing market for digital warehouse solutions owing to the emergence of digital technology in the logistics sector in the region. The emergence of cloud-based solutions along with the fragmented technological advancements in the digital market is likely to create the demand for digital warehouse solutions. Handheld devices, barcodes, and barcode scanners are a fundamental part of Transportation and Logistics (T&L) industry and act as obligatory tools for assisting the products and goods transfer through supply chain. For instance, more than 5093 different warehouse scanners are being used in China. Therefore, this factor is expressively impelling the digital warehouse solution market growth throughout the Asia pacific region.
|2016 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 23.48 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 83.70 Billion
|Tables, Charts & Figures:
|Poppy Seeds Manufacturers
|Epicor, Korber AG (HighJump), Infor, Made4net, Manhattan Associates, Oracle, PSI, Logistics, Reply, SAP, Softeon, Synergy Ltd., Tecsys, and others.
|By Component, By Function, By Organization Size, By Deployment Mode, By Vertical
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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