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  • 12 February 2019 22:36

How is Internet Of Things (IoT) Changing The Warehouse Management Market

Global Internet of Things (IoT) in Warehouse Management Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Internet of Things (IoT) are devices or systems that monitors location, provide report status, and receive and handle commands.These device includes sensors for measuring and tracking activities, and processors. Internet of Things (IoT) devises or systems are widely used in warehouse management. The global Internet of Things (IoT) in warehouse management market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing demand for Goods-to Person (GTP) technology in warehouses management is a key factor expected to drive growth of the global Internet of Things (IoT) in warehouse management over the forecast period.

The global Internet of Things (IoT) in warehouse management market report has been segmented on the basis of solution, device, service, and region. On the basis of solution, the target market is segmented into warehouse automation, workforce management, inventory management, Electronic Data Interchange (EDI), and tracking. The warehouse automation solution segment is expected to account for highest share in the target market over the forecast period, owing to augmentation in storage capacity of systems as compared to traditional forklift operations.

On the basis of device, the target market is segmented into sensing devices and gateways. The gateways device segment is expected to register highest CAGR over the forecast period, owing to rising adoption of RFID technology in various industries.

On the basis of service, the target market is segmented into 3PL (Third-party logistics) service and usage-based insurance service. The 3PL (Third-party logistics) service segment is expected to account for highest share in the target market over the forecast period, owing to increasing company’s preference towards service-oriented models, globally.

Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to account for highest share in terms of revenue over the forecast period, owing to advanced product development and rising consumer preference towards connected and wearable devices in various countries in the region.

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