Smart Warehousing Market Analysis

Offering (Hardware, Software, Services)

The hardware segment in the smart warehousing market is anticipated to hold the largest revenue share of about 58% during the forecast period. The growing popularity of smartphones in many vertical areas, which can be quickly deployed inventory control systems & automated picking tools to simplify the management of inventories and lower total labor costs, has contributed to this growth. In response to the growing consumer demand of Internet of Things, sensor and AI technologies that will improve warehousing operations, vendors are beginning to develop smart warehouse equipment. More than 29 billion Internet of Things (IoT) devices are expected to be installed worldwide in 2030, nearly doubling the number from 15.2 billion in 2020. China is expected to have more than 8 billion consumer devices by 2030, which will be the world's largest market for the Internet of Things.

Deployment (On-Premises, Cloud)

Smart warehousing market from the cloud segment is anticipated to hold the largest share with about 67% during the forecast period. There has been an increasing use of cloud-based solutions among SMEs and large enterprises in order to provide security for the management of huge amounts of data, with new functionalities that are provided in customized form according to their business needs which lead to greater customer satisfaction. Moreover, these solutions have a number of benefits that include the capacity to increase applications, as well as their flexibility and ease of maintenance. As a consequence, cloud services are increasingly being adopted by larger companies and SMEs.

Our in-depth analysis of the global market includes the following segments: