Global Smart Warehousing Market

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 2024-2031

Report ID: SQMIG45D2053 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 122 | Figures: 71

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).
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FAQs

Smart Warehousing Market size was valued at USD 20.94 billion in 2022 and is poised to grow from USD 23.91 billion in 2023 to USD 49.33 billion by 2031, growing at a CAGR of 14.2% during the forecast period (2024-2031). 

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. 'Oracle ', 'SAP ', 'MICROSOFT ', 'Manhattan Associates ', 'IBM ', 'Infor ', 'Vinculum ', 'Epicor ', 'Softeon ', 'EasyEcom ', 'Unicommerce ', 'IAM Robotics ', 'Locus Robotics ', 'ShipHero ', 'Orderhive ', 'Korber ', 'Tecsys ', 'GENERIX GROUP ', 'MICROLISTICS ', 'E2OPEN '

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.

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.

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.

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Global Smart Warehousing Market

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