Smart Warehousing Market Scope
Smart Warehousing offers improved accuracy, and transparency related to warehousing operations. It incorporates advanced technologies including artificial intelligence, IoT and automation that further boosts operational efficiency at low costs. In addition, due to rising inclination towards IoT for convenient flow of supply chain and inventory control management, there is a growing demand for artificial intelligence enabled smart warehouses. With increasing delivery and reduced demand for human labor for warehouse tasks optimization, there is potential for lucrative market growth during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||Westfalia USA (United States), DMW&H (United States), Bastian Solutions, LLC (United States), Seegrid Corporation (United States), Körber (United States), AWL (India), Infor (United States), Reply (Italy), Tecsys (Canada) and PSI Logistics (Germany)|
Smart Warehousing is a fragmented market due to the presence of large number of established competitors. The key players are highly focusing on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Warehousing market throughout the predicted period.
Westfalia USA (United States), DMW&H (United States), Bastian Solutions, LLC (United States), Seegrid Corporation (United States), Körber (United States), AWL (India), Infor (United States), Reply (Italy), Tecsys (Canada) and PSI Logistics (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are IBM (United States), Oracle (United States) and SAP (Germany).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Smart Warehousing market by Type , by Application (Inventory Management, Shipping and Transportation Management, Order Management, Yard Management and Others) and Region with country level break-up.
On the basis of geography, the market of Smart Warehousing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn February 2022, Körber signed an agreement to acquire Siemens Logistics' global mail and parcel business. This acquisition is expected to complement the company’s supply chain offerings. Siemens Logistics provides mail and parcel technology and fully automated systems for digitized mail and parcel processing for leading global logistics companies.
In March 2022, Seegrid Corporation signed a strategic partnership with RōBEX, a systems integrator specializing in industrial robots. Through this collaboration agreement, the company enabled RōBEX to access the full portfolio of Seegrid Palion autonomous mobile robots and Fleet Central enterprise software solutions.
Influencing Trend:Surge in Demand for Technologically Advanced Processes in Warehouse Settings
Market Growth Drivers:Rising focus on warehouse 4.0 development and Increasing digitalization in the retail and commerce sector
Challenges:Potential Risks Associated With Change Management
Restraints:High Cost of Building a Smart Warehouse
Opportunities:Advancements in 5G Technology Used in Smart Warehousing
Key Target AudienceWarehousing Manufacturers, Government Agencies, Potential Investors, Research and Development Institutes, End User Industries, Customers and Others