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Smart Warehousing Market Trends

Report ID: GMI6921
Published Date: Oct 2023
Report Format: PDF

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Smart Warehousing Market Trends

Automation and robotics are emerging as the pivotal trends in the smart warehousing industry. The increasing pressure to enhance efficiency and meet the growing customer demand is compelling companies to deploy robots and automated systems for tasks such as order picking, inventory management, and goods transportation. These technologies reduce labor costs and improve accuracy and operational speed. The trend toward automation in smart warehousing aligns with the need for cost-effective & high-performance solutions, making it a key factor driving innovations and growth in the industry.

Artificial Intelligence (AI) is rapidly revolutionizing operations in the smart warehousing market. AI-powered systems can analyze vast volumes of data from sensors, cameras, and IoT devices in real-time, thereby enabling predictive analytics for inventory management, demand forecasting, and optimal resource allocation. AI-driven robotics and automation enhance the speed & accuracy of order fulfillments. Machine Learning (ML) algorithms continually improve efficiency & adaptability. The ability of AI to optimize complex processes, reduce errors, and enhance customer satisfaction makes it a transformative force in modern warehousing, thereby driving product adoption & growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of smart warehousing was worth USD 17.4 billion in 2022 and is set to expand at more than 10.5% CAGR between 2023 and 2032, attributed to the multiple investments and initiatives to promote the adoption of automation and robotics in warehousing and logistics.

The solutions segment held 65% share of the smart warehousing market in 2022 and is estimated to record notable growth through 2032, driven by the increasing demand for comprehensive technology solutions.

North America held more than 30% share of the smart warehousing industry in 2022 and is anticipated to witness considerable growth between 2023 and 2032, attributed to the presence of robust e-commerce sector and the rising adoption of advanced technologies.

Some of the leading smart warehousing companies are Oracle Corporation, SAP SE, Infor, Blue Yonder Group, Inc., Korber AG, IBM Corporation, and Microsoft Corporation.