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The Global Smart Warehousing Market, valued at USD 14.85 Billion in 2021, is projected to reach USD 31.79 Billion by 2028, exhibiting a CAGR of 11.55% over the forecast period.
A. Definition:
A smart warehouse is an extensive facility utilizing machines and computers to conduct traditional warehouse operations. These operations include order identification and processing, product storage, inventory counting, and retrieval, as well as accurate order dispatch. Smart warehouses leverage various automated and interconnected technologies to create a technological environment for receiving, organizing, sorting, identifying, and preparing goods for shipment. These technologies, driven by robotics, artificial intelligence (AI), and the Internet of Things (IoT), enhance facility functionality, quality, and efficiency while reducing errors and minimizing human labor requirements.
B. Market Segmentation:
The global smart warehousing market is segmented based on components, deployment mode, organization size, technology, application, end-user, and region & country level.
1. Components: - Hardware - Solutions (WCS, WMS, Others) - Services (Managed Services)
2. Deployment Mode: - Cloud - On-premises
3. Organization Size: - Large Enterprises - Small & Medium-Size Enterprises (SMEs)
4. Technology: - RFID - AI in Warehouses - IoT & Analytics - Automated Guided Vehicles (AGV) - Blockchain in Warehouses - Others
5. Application: - Inventory Management - Transport Management - Yard Management - Order Management - Shipping Management - Labor Management - Others
6. End-User: - Retail & E-commerce - Transportation & Logistics - Healthcare & Lifesciences - Energy & Utilities - Manufacturing - Food & Beverages - Others
The growth of the Global Smart Warehousing Market is driven by factors such as the increasing proliferation of smartphones for faster goods management, the growing development of the e-commerce industry due to the Covid-19 outbreak, and the rising emergence of a multi-channel distribution network.
A. Impact of Covid-19: The Covid-19 pandemic has impacted global supply chains, leading to disruptions and closures. However, in the later stages, the adoption of automation technologies in warehouse and supply chain areas, including robotics and smart sorting, has contributed to the growth of the smart warehousing market.
Some key players in the global smart warehousing market include
Regional Analysis: North America dominates the global smart warehousing market, driven by the adoption of smart warehousing solutions, early adoption of technological advancements, and the presence of key players. The Asia Pacific is expected to witness the fastest growth due to rapid technological advancements and the flourishing e-commerce industry.
News: Pickrr launched the Pickrr Plus smart warehousing solution on May 18th, 2021. This solution aims to enhance the customer experience and reduce overall logistics costs for e-commerce brands without investing in physical warehousing space. Pickrr Plus utilizes a proprietary courier selection algorithm, 'Calcula,' to streamline logistics solutions, offering warehouse/fulfillment services in a pay-per-use model.
The Global Smart Warehousing Market, valued at USD 14.85 Billion in 2021
projected to reach USD 31.79 Billion by 2028, exhibiting a CAGR of 11.55% over the forecast period.
Report Code :
RL65599
Published on :
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