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.
Increasing adoption of connected devices among individuals across the globe is a key factor expected to drive growth of the global Internet of Things (IoT) in warehouse management market over the forecast period. In addition, increasing number of machine-to-machine applications used in various industries, such as video surveillance, transportation, smart meters, asset tracking, and health monitoring are other factors expected to fuel growth of the target market. Furthermore, increasing telematics-related regulations by government in various countries are expected to increase demand for connected trucks and support warehouse operations globally. Moreover, increasing demand of data encryption of IoT device security and rising data interruption threats are some factors expected to boost growth of this market in the near future.
Technological advancements for implementing software for warehouse management and growing awareness of Internet of Things (IoT) among individuals across the globe are expected to create lucrative opportunities for players operating in the Internet of Things (IoT) in Warehouse Management Market in the near future.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include IBM Corporation, PTC INC, Cisco Systems, Inc., Intel Corporation, Zebra Technologies Corporation, Oracle Corp, HCL Technologies Limited, Omnitracs, LLC, SAP SE, ThingWorx, Inc.
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