Artificial Intelligence in Warehousing Market Segmentation:
Component (Hardware, Software, Services)
Hardware segment is expected to hold over 43.3% AI in warehousing market share by the end of 2035, owing to its efficiency and versatility in operational handling in warehouses. Hardware solutions such as cameras, sensors, and robots enabled with AI technology have the capabilities to significantly transform warehouse operations. Many market players are highly concentrated on introducing advanced hardware solutions and for the same, they are employing various tactics. For instance, in July 2024, Mytra came up with USD 78 million in Series B funding and other commercial investors including Albertsons Companies, Inc. for its first-of-kind three-dimensional robotics and AI for warehouses to enhance productivity.
Deployment Mode (Cloud-based, On-premise)
By 2035, cloud-based segment is projected to hold more than 65.2% AI in warehousing market share, mainly due to its flexibility and cost-effectiveness. Without investing in on-site IT infrastructure, these cloud-based platforms offer scalability to end users further helping in resource management depending on demand. In warehouses where product volume keeps fluctuating, cloud-based platforms are the most advantageous and cost-effective. The cloud-based solutions are also easier to integrate with several technologies leading to highly productive outcomes. For instance, in September 2022, Element Logic announced the launch of its cloud-based platform that enables warehouse operations based on real-time data.
Our in-depth analysis of the global AI in warehousing market includes the following segments:
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