Global Internet of Things (IoT) in Warehouse Management Industry

April 2021
141 pages
ID: 6031969
Format: PDF
Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Abstract:
- Global Internet of Things (IoT) in Warehouse Management Market to Reach $21 Billion by 2027
- Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Warehouse Management estimated at US$6.4 Billion in the year 2020, is projected to reach a revised size of US$21 Billion by 2027, growing at a CAGR of 18.4% over the analysis period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$15.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Devices segment is readjusted to a revised 17.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 23.3% CAGR
- The Internet of Things (IoT) in Warehouse Management market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 23.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 16.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.
- Services Segment to Record 16.2% CAGR
- In the global Services segment, USA, Canada, Japan, China and Europe will drive the 15.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$378.4 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 17.4% 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

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