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

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). 

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.