USD 20.94 billion
Smart Warehousing Market Size, Share, Growth Analysis, By component (Hardware, Solution and services), By Deployment (Cloud, On-premises), By Technology (IoT, Robotics and Automation), By Application (Transport Management, Inventory & Order Management), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45D2053 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
122
|Figures:
71
Smart Warehousing Market Insights
Smart Warehousing Market size was valued at USD 23.91 Billion in 2023 and is poised to grow from USD 27.31 Billion in 2024 to USD 56.33 Billion by 2032, growing at a CAGR of 14.2% during the forecast period (2025-2032).
A smart warehouse is a large structure where manufactured goods and raw materials are stored. Smart warehouse technology employs computers and machines to carry out routine warehouse operations that were previously carried out by humans. A smart warehouse solution includes a variety of automated and interconnected technologies, such as artificial intelligence, the internet of things, and automated guided vehicles. These technologies work together to boost warehouse productivity and efficiency. The use of smart warehousing techniques helps to reduce the number of human workers and errors in operations. In this mobile-driven world, end-user adoption of smart warehouse facilities has significantly increased in order to meet customer demands for on-time product delivery. The growing demand for smart warehouses is propelling the smart warehousing market forward.
Artificial intelligence, Big Data and analytics, autonomous robots, augmented reality, and the internet of things are all transforming modern-day warehouse operations. Furthermore, the growing popularity of e-commerce among people is propelling the growth of the smart warehousing market. Many vendors around the world are incorporating cutting-edge technologies such as barcode scanning apps, automated guided vehicles, radio frequency identification technology, and so on to improve and speed up the supply chain network while minimising errors. Adoption of these technologies in warehousing is essential for driving market growth.
US Smart Warehousing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
14.2% CAGR
Global Smart Warehousing Market ($ Bn)
Country Share for North America Region (%)
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Smart Warehousing Market Segmental Analysis
Global Smart Warehousing Market is segmented by Component, by Deployment, by Technology, by application, by Warehouse Size, by Vertical and by Region. Based on component, the market is segmented into Hardware, Software and services. Based on Deployment, the market is segmented into Cloud, On-premises. Based on Technology, the market is segmented into IoT, Robotics and Automation, AI and Analytics, Networking and Communication, AR and VR, Others. Based on application, the market is segmented into Transport Management, Inventory & Order Management, Yard & Shipping Management, Labour Management, Asset Tracking, Predictive Analytics and Others. Based on Warehouse Size, the market is segmented into Small, Medium, Large. Based on Vertical, the market is segmented into Transportation & Logistics, Retail & E-commerce, Manufacturing, Healthcare, Energy and Utilities, Automotive, Food & Beverages, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Smart Warehousing Market Analysis by Component
In terms of revenue share, the Hardware segment will dominate the smart warehousing market in 2021. This growth might be linked to the rising use of smartphones across a variety of industries, which makes it possible to easily implement automated picking tools and inventory management systems to manage inventory and reduce overall labour costs. Vendors are creating smart warehousing hardware in response to rising consumer demand for IoT, sensors, and AI technologies to enhance warehouse operations.
Smart Warehousing Market Analysis by Application
Based on application, the Inventory and Order Management segment generated a sizable revenue share in smart warehousing in 2021. The capacity to successfully manage each customer's order from reception to fulfilment is known as order management. Making ensuring that consumers receive the right products they ordered in acceptable condition is the aim of effective order processing. Warehouses must effectively manage orders, whether they are delivered offline or online, to ensure smooth order fulfilment and a better customer experience. Order status is tracked by warehouse managers using manual logbooks, physical ledgers, or order management systems.
Understanding where an order is in the order and where it is in the fulfilment process makes the process simpler and helps to cut down on errors. As warehouses expand in size, online sales increase in frequency and complexity, and e-commerce businesses have seen a growth in customer purchases in recent years, it is only natural for managers to get overburdened by the volume of orders pouring in.
Global Smart Warehousing Market By Type
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Smart Warehousing Market Regional Insights
Predicted to hold the biggest global market share is North America. Throughout the region, demand for smart warehousing is increasing quickly in order to deliver goods on schedule and with the fewest possible mistakes. Vendor adoption of smart warehousing is growing as a result of this factor, which is anticipated to fuel demand for the smart warehousing market in this area. Smart storage providers in the region should anticipate prosperous chances because North America is a powerhouse for innovation. The region's revenue is generated in part by major market participants like Oracle Corporation, Manhattan Associates, Infor, and IBM Corporation.
Asia Pacific is anticipated to experience significant growth during the predicted period. In order to increase efficiency and enhance the customer experience, smart warehousing based on technology is being rapidly adopted by a variety of businesses in China, India, Singapore, South Korea, and other nations. The region is also anticipated to experience a rise in the use of smart warehousing tools, services, and products.
Global Smart Warehousing Market By Region
- Largest
- Fastest
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Smart Warehousing Market Dynamics
Smart Warehousing Market Drivers
Its Importance in Supply Chain to Bolster its Demand during Forecast Period
- For the entire supply chain sector, the warehouse is crucial. The total efficiency of a warehouse can be affected by labor-intensive processes for key operations like order picking, inventory control, and asset tracking. Hence, simplifying the entire warehouse procedure with mobile-based technologies and applications can increase operational effectiveness and financial outcomes. Warehouse employees and logistics partners have access to a multitude of tools and services because mobile devices like smartphones and tablets are so widely used. Features like barcode scanning apps for inventory, the ability to see a shipment's exact location on a map, access to comprehensive shipping and receiving information, and quick report generation would all assist warehouse managers run their operations more effectively.
Smart Warehousing Market Restraints
Lack of Large Scale Adoption to Hinder its Growth
- A significant barrier to the widespread implementation of smart warehousing is the absence of governance. Because of the industry's extreme fragmentation, an IoT standard for logistics is required. In order to sustain revenue and viability, international transportation and logistics companies are concentrating on improving supply chain efficiency. Because having one authority for each field would be confusing, governance must be as uniform as feasible. On the other hand, high performance will lead to complete advances in connected devices and integrated systems.
- Data exchange between many businesses and domains is facilitated by interoperability standards such as MTConnect, EtherCAT, and Master Control System-Distributed Control System (MCS-DCS) Interface Standardization. Every service provider would be able to offer the majority of solutions in one package thanks to a standardised logistics and supply chain infrastructure. Due to strict governmental restrictions and regulations, Asian nations like China and Korea have less widespread logistical standardisation than those in North America and Europe. End users find it challenging to fully automate supply chain and logistics activities due to the absence of common governance standards, which restrains the growth of the smart warehousing market.
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Smart Warehousing Market Competitive Landscape
The market for smart warehousing is very competitive and a little dispersed. The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The leading market participants are always concentrating on R&D to provide industry with the most effective and economical solutions. Some smart warehousing market leaders are focusing on local expansion. Oracle's announcement from October 2021 serves as a nice illustration. The company stated plans to broaden its geographic reach to include 14 more cloud regions in the Asia Pacific, Europe, Latin America, and the Middle East.
Smart Warehousing Market Top Player's Company Profiles
- Oracle
- SAP
- MICROSOFT
- Manhattan Associates
- IBM
- Infor
- Vinculum
- Epicor
- Softeon
- EasyEcom
- Unicommerce
- IAM Robotics
- Locus Robotics
- ShipHero
- Orderhive
- Korber
- Tecsys
- GENERIX GROUP
- MICROLISTICS
- E2OPEN
Smart Warehousing Market Recent Development
- In February 2022, Better distribution centres and warehouses will be produced as a result, and these facilities will play a significant role in the integrated supply chain sector. Using warehouse 4.0 technology helps businesses save operational expenses by streamlining the inventory management and delivery procedures. As evidence that warehousing is evolving and creating new opportunities for the industry, there are various warehouse 4.0 research and commercial activities now under progress.
- In July 2021, In order to support accelerating business transformation in the cloud, SAP SE developed a cooperation with Google Cloud. For the RISE with SAP, Google Cloud would join as a key cloud partner. Many SAP products and services, including the SAP Data Warehouse Cloud solutions and SAP Analytics Cloud inside the SAP Business Technology Platform, would be accessible on Google Cloud (SAP BTP).
Smart Warehousing Key Market Trends
- By the integration of digital and physical systems, known as "Warehouse 4.0," the entire warehouse process—from product design and planning through supply chain and production—will be impacted. To cut down on the time required for new hire training, warehouses are switching to an inventory picking and replenishment procedure that is voice-based and screen-directed. Organizations are implementing multi-modal picking, which combines picking with screen-directed picking via mobile devices. A strong warehouse automation system can be produced by combining IoT, big data and data science, augmented reality, wearables, computer vision AI, low-cost sensors, robotics, and high-level computers.
- Better distribution centres and warehouses will be produced as a result, and these facilities will play a significant role in the integrated supply chain sector. Using warehouse 4.0 technology helps businesses save operational expenses by streamlining the inventory management and delivery procedures. As evidence that warehousing is evolving and creating new opportunities for the industry, there are various warehouse 4.0 research and commercial activities now under progress.
Smart Warehousing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 20.94 billion |
| Market size value in 2031 | USD 49.33 billion |
| Growth Rate | 14.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Warehousing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Warehousing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Warehousing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Warehousing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Warehousing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Warehousing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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