Market Research Future has published a Cooked Research Report on the Global IoT in Warehouse Market.
Market Research Future Insights
A high rate of acceptance of warehouse technology solutions on the market and an increase in the number of connected devices are significantly accelerating the growth of the global IoT in the warehouse sector. Low electricity costs, low running costs, and simple design are other factors pushing the IoT in the warehouse market. The global IoT in warehouse market is expected to register a CAGR of 23.28 % from 2022 to 2030. The market is expected to reach USD 6.4 billion by 2030.
Regional Analysis
The global IoT in warehouse market is spread into America, Latin America, Europe, Asia-Pacific, and the remaining world. North America is the dominant region in both the global and regional markets. Players like Cisco Systems, Inc., Argos Software, and Zebra Technologies are promoting the market's expansion by being present and implementing new strategies. The largest market in North America, the US, is projected to experience the fastest CAGR of 19.91% during the study period. Europe holds the second-largest portion of the worldwide IoT in warehouse market. The regional market expansion is driven by elements like eCommerce endeavors and the infrastructure of reliable wireless networks.
Market Segmentation
The device, solution, and industry categories make up the IoT in warehouse market. The IoT in warehouse market is further divided based on solutions into inventory control, exchange of data electronically, employer management, automation, and telematics. At the same time, the sub-sectors based on devices are gateways and networking, sensing apparatus, and others. However, the IoT in the warehouse market based on the industry is divided into warehousing & retail, automotive, drinks and food, electronic and electrical, and healthcare.
Key Players
- Omnitracs LLC (US)
- IBM Corporation (US)
- Software AG (Germany)
- Cisco Systems Inc. (US)
- UltraShipTMS (US)
- TECSYS Inc. (Canada)
- HCL Technologies Limited (India)
- Intel Corporation (US)
- PTC Incorporation (US)
- Eurotech SpA (Italy)
- Oracle Corporation (US)
- Zebra Technologies (US)
- Infor Inc. (US)
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Report details
| Companies Covered | 15 |
| Pages | 140 |
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