Market Research Future Insights
The IoT warehouse market has generated a revenue of $6.4 Billion in 2020. Along with this, the anticipated growth of the CAGR percentage is around 23.28% for the forecasted period 2020-2030.
This is because there has been a tremendous rise in warehouse efficiency pertaining to certain managements like workforce, inventory & electronic data interchange. All this happens too with minimal or no human interaction.
During the pandemic, most probably each & every sector has been impacted or their growth has been declined. But IoT in Warehouse Market is one of the industries which has boomed during the period. By being the Major storehouse of medicines, vaccines & other healthcare products.
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IoT in Warehouse Market Report Scope:
Parameter | Details |
Revenue Forecast in 2030: | USD 351.43 Billion |
Growth Rate: | CAGR of 13.10% from 2020 to 2030 |
Forecast Period: | 2021 -2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Regional analysis
This IoT warehouse market has been majorly dominated by North America, then Europe & it is also been estimated that the IoT warehouse market share in the region Asia Pacific too would be increasing.
The reason behind North America dominance is because of the lead players like robust cloud infrastructure & skilled expertise. Majority of these players are from the US market which made the North America region as more dominant.
In addition to this Europe being the second region who has a control in the IoT warehouse market through an increase in the online shopping, E-commerce ventures & Infrastructure that too with strong & wireless connectivity. Moreover, with the Asia Pacific region, they are acquiring the market through Solar projects & Energy resources.
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Market Segmentation
For the success of this IoT in Warehouse Market, the market has been Segmented into 5 segments that is based on Component, Deployment Model, Enterprise Size, Application & End user.
The above named 5 Segments has been further subdivided, Based on Component the market has been divided into software & services. On the basis of the Deployment model, it has been Segmented into on-premises & on cloud. Moreover, Enterprise Size, splitted between Large Enterprises and Small & Medium Enterprises. Then based on Application, it has been fragmented into Warehouse Automation, Workforce Management, Inventory Management & Electronic Data Interchange Tracking. Lastly, on the basis of end user, it’s been classified into Retail & Logistics, Automobile, Food & Beverage, Healthcare & Electrical & Electronics.
Key players
IoT Warehouse Market key companies are broadly from 4 countries. And the major key boomers of this industry are from the US then followed by other countries like Germany, Canada, India & Italy.
The key companies such as 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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