Global Internet of Things (IoT) in Warehouse Management Industry

Abstract:

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Global Internet of Things (IoT) in Warehouse Management Market to Reach $11.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) in Warehouse Management estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$11.3 Billion by 2027, growing at a CAGR of 14.9% over the analysis period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record a 16.5% CAGR and reach US$6.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Devices segment is readjusted to a revised 12.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 19.6% CAGR

The Internet of Things (IoT) in Warehouse Management market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2027 trailing a CAGR of 19.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.4% and 13.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027.



Services Segment to Record 13.8% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$540.2 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 15.4% CAGR through the analysis period.

Select Competitors (Total 37 Featured) -
Argos Software
Eurotech S.P.A.
GT Nexus
IBM Corporation
Omnitracs LLC
Recent Developments
SecureRF Corporation
Tecsys, Inc.
UltraShip TMS
Zebra Technologies