DUBLIN, Jan. 30, 2024 (GLOBE NEWSWIRE) — Global Internet of Things in Warehousing by Components (Hardware, Services, Software), Applications (Asset Tracking, Electronic Data Interchange, Inventory Management), and End-Uses Added “Market – Forecast 2024-2030” report. ResearchAndMarkets.com Recruitment.
The latest comprehensive industry research focused on the Internet of Things in the Warehouse Management market has been published, providing valuable insights into the significant growth seen in this sector. The Internet of Things (IoT) is transforming warehouse operations through innovative integration of hardware, software, and services, driven by increased demand for automation and efficient inventory management.
The report highlights the robust trajectory of the market from 2024 to 2030, estimated to expand at a staggering CAGR of 10.47%, warehousing across various applications such as asset tracking and employee management. Demonstrates the pivotal role of IoT in streamlining management.
Key findings of market analysis: A complex study of market dynamics reveals that the value of this sector is expected to rise to USD 5.87 billion by 2030, mainly due to innovation and adoption of advanced technologies across diverse industries .
Market segmentation highlights:
- Significant advances in hardware components such as IoT gateways and sensors
- The rise of software solutions that facilitate real-time asset tracking and inventory management
- Professional services to ensure seamless integration and deployment
As IoT permeates the automotive, pharmaceutical, retail, and logistics domains, market analysis reveals sector-wise adoption rates and provides stakeholders with a complete picture of the opportunities ahead.
Competitive landscape snippet:
Vendors in this context are dynamically positioned based on strategic initiatives and product offerings. Competitive analysis goes beyond revenue contributions and delves into the operational strengths and innovations that distinguish market leaders.
Key company coverage brings the industry story to life, including profiles of the innovative companies shaping the future of the market. This analysis filters out the nuances of strategic initiatives and technological advances that are central to its significant presence in the market.
Comprehensive regional analysis:
- Detailed examination of regions such as the Americas, Asia Pacific, Europe, Middle East, and Africa
- Examining country-specific advances in these regions
Along with numerical data, this study also provides strategic perspectives, such as market penetration and competitive assessment, that inform users about landscape vitality and business potential.
Emerging trends such as warehouse automation and the growing need for real-time data management are having a significant impact on the market. The proliferation of IoT technology has established benchmarks for warehouse management efficiency and continues to propel the industry towards innovative horizons.
The rigorously crafted report provides extensive outlook on market size and forecasts, providing businesses, investors, and industry experts with necessary insights into the future of IoT-driven warehouse management.
Key attributes:
| report attributes | detail |
| number of pages | 185 |
| Forecast period | 2024-2030 |
| Estimated market value in 2024 (USD) | $3.21 billion |
| Projected market value to 2030 (USD) | $5.87 billion |
| compound annual growth rate | 10.4% |
| Target area | global |
Companies mentioned
- Cisco Systems Corporation
- Fractal Tech SL
- HCL Technologies Limited
- KORE Wireless Group Co., Ltd.
- Omobio (Pvt) Ltd.
- Oracle Corporation
- Precision Pyramid Private Limited
- PTC Corporation
- Raven Co., Ltd.
- SAP Group
- software ag
- Santist Lab Co., Ltd.
- WolkAbout Technology sro
- Yojisha Co., Ltd.
For more information about this report, please visit https://www.researchandmarkets.com/r/iok86e.
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Global Internet of Things in Warehouse Management Market
