Globaal Smart Warehousing Market is valued at USD 14.80 Billion in 2021 and is expected to reach USD 31.77 Billion by 2028 with a CAGR of 11.53% over the forecast period.
A smart warehouse is an enormous structure where raw materials and produced merchandise are stored that uses machines and PCs to finish normal warehouse operations recently performed by people. These operations incorporate identifying and getting orders, storing products, counting products and recollecting where they are later, and sending orders to the right spot. The finest smart warehouses automate almost the whole operation and excursion of products from provider to client, with negligible errors. Smart warehouses are inspired by smart plants and take on comparable information-driven climates. They include different computerized and interconnected technologies to establish a technological environment in which merchandise and demands can be received, organized, sorted, recognized, and prepared for shipment consequently. This cooperation of advancements permits warehouse labours to build the usefulness, quality, and productivity of their facility while diminishing the number of mistakes that happen and limiting the amount of human workers required. Smart warehouses depend vigorously on robotics, artificial intelligence (AI) and the Internet of Things (IoT) to permit technology to perform operations like inventory managing and locating items around the warehouse.
Global Smart Warehousing Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing proliferation of smartphones for faster goods management, growing development on e-commerce industry due to Covid-19 outbreak, and rising emergence of a multi-channel distribution network are driving the growth of the Global Smart Warehousing Market.
The Covid-19 has also impacted on the growth of global smart warehousing market. The Covid-19 pandemic disturbed worldwide supply chains has overtaken and affected both organic markets at a higher speed. As the infection spreads all through the world, there is an outbreak or transportation delay, making closures due to warehouse closures or delayed or missing supplies. However, in the later stage of pandemic Covid-19, warehouse and supply network areas have implemented and adopted automation technologies, like robotics, forklift automation, assisted guided vehicles (AGV), and smart sorting to empower organizations to drive the development of smart warehousing market.
Global smart warehousing market is segmented on the basis of component, deployment mode, organization size, technology, application, end-user and region & country level. Based upon components, the global smart warehousing market is divided into hardware, solutions, services and managed services. Based upon deployment mode, the market is classified into cloud and on-premises. Based upon organization size, the smart warehousing market is divided into large enterprises and small & medium-size enterprises (SMEs). Based upon technology, the market is classified into RFID, AI in warehouses, IoT & analytics, automated guided vehicles (AGV), blockchain in warehouses,s and others. Based upon application, the smart warehousing market is classified into inventory management, transport management, yard management, order management, shipping management, labor management, and others. Based upon end-user, the market is classified into retail & e-commerce, transportation & logistics, healthcare & Lifesciences, energy & utilities, manufacturing, food & beverages, and others.
The regions covered in global Smart Warehousing Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global smart warehousing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Some of the key players for global smart warehousing market are
On May 18th, 2021; Pickrr was carried out its smart warehousing/satisfaction solution, Pickrr Plus. The solution expects to help dealers with offering a superior client experience at a lower overall logistics cost, without putting resources into an physical warehousing space or costly WMS solutions. Pickrr smoothes out streamline logistics solutions for ecommerce brands with its restrictive courier selection algorithm 'Calcula', which chooses the courier platforms for different pin codes across India. This empowers sellers to get to the 'best' delivery time. With Pickrr Plus, the organization claims to lessen clients overall logistics costs by 10-30% and the regular delivery turnaround time by practically 20%. The stage will store the dealers' items across different warehouses based Pickrr's analysis of 100+ data points across India and ship it to the shoppers from that point. Focusing on the two organizations selling in enormous volume just as those in more modest volumes, Pickrr Plus offers its warehouse/fulfilment services in a compensation for each utilization model. This implies purchasers need to pay just when they transport. Sellers can likewise monitor their stock continuously across all their warehouses.
One of the major factors driving the growth of global smart warehousing market is increasing proliferation of smartphones for faster goods management. Warehouses utilize smartphones in their every day picking and management tasks. Use of smartphones in warehousing have some advantages such as easy to everyone’s use, low cost and improved technology & durability. Smartphones are extraordinary for warehouse managers. Smartphones and tablets may, definitely, be appropriate solutions for better manage material dealing with and logistics processes. Smartphones gives fleet management activities to more readily work with track and trace tasks, further develop generally speaking customer service, update communications with drivers and monitor fuel utilization and expenses. Hence, use of smartphones in warehouse drives the market over the forecast period.
In addition, another major factor supplementing the growth of global smart warehousing market is growing development on e-commerce industry due to Covid-19 outbreak. With e-Commerce continually reinforcing alongside quick globalization, it has become basic for retailers and producers to further develop their production network and logistics to more readily satisfy the worldwide need. While there are numerous ways of streamline warehousing operations that can help with drawing nearer to clients, smart warehousing is one of the most supportable and smart (sic) choices to do that. E-commerce is blasting more than ever. With Covid-19, the increase in cell phone utilization, and a younger generation acquainted with web based shopping, increased the trend of e-commerce. During Covid-19 pandemic, demand of smart warehousing increased to reduce the risk of infection.
Furthermore, rising emergence of multi-channel distribution network is also fostering the market growth. A multichannel distribution system permits customers to give clients new channels to shop in. Rather than a client continually making a trip in-store, they can helpfully purchase from seller on online or from another store, similar to a grocery or retail chain. Hence, emergence of multi-channel distribution network drives the global smart warehousing market. However, lack of awareness about advantages of smart warehousing between small scale industries may hamper the growth of the global smart warehousing market. In spite of that, technological advancements in warehousing can provide various opportunities for the further growth of the global smart warehousing market.
North America is accounted for the largest revenue share contribution to the global smart warehousing market due to various factors rising adoption of smart warehousing hardware, software & services, early adoption of new technological advancement and presence of key players in this region. The adoption of smart warehousing solutions, solutions, and services is relied upon to ascend in this region because of the developing demand for automating warehouse cycles for further developed productivity, effectiveness, and precision. The smart warehouse solutions provides adaptability and improve the capacity of employees. For example; in May 2020, Manhattan Associates launched the Manhattan Active Warehouse Management arrangement. Manhattan Active WMS clients are in new level of speed, versatility, and convenience inside distribution management. Also, early adoption of advanced technologies and presence of key players drive the market in North America region.
The Asia Pacific is expected to witness the fastest growth in the global smart warehousing market due to the rapid technological advancement and rising e-commerce industry. For instance, as per the news published on November 4th 2021, Malaysia will use the new Cainiao focus to develop as an air freight center. It incorporates a 100,000 sq. meter warehouse to work with freight terminal activities, warehousing, arranging and a digital customs freedom system that slices clearance time from 24-48 hours to simply an hour and a half. The rising use of smartphones grows the e-commerce industry which drives the smart warehousing market in this region. For example; according to the Indian Brand Equity Foundation (IBEF), by 2022, smartphone customers are relied upon to arrive at 476 million and the e-commerce area is expected to grow 1,200 percent by 2026.
|2015 - 2020
|2021 - 2028
|Market Size in 2021:
|USD 14.80 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 31.77 Billion
|Tables, Charts & Figures:
|Smart Warehousing Companies
|IBM, Oracle, Reply, SAP, Manhattan, PTC, Tecsys, PSI Logistics, Infor, Korber, Vinculum, Generic, Microlistics, Blue Yonder, Epicor, 3PL Central, BlueJay Solutions, Mantis, Foysonis, Increff, Locus Robotic, Orderhive, Unicommerce, IAM Robotics, Softeon, Synergy Logistics, WareIQ, Logiwa, ShipHero, EasyEcom, and others.
|By Component, By Deployment Mode, By Organization Size, By Technology, By Application, By End-User
|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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