A global study found increased security and real-time business intelligence are among the major factors driving the growth of the voice-directed warehousing solutions market. Voice-directed warehousing solutions for improvements in the business operations of warehouses and distribution centers is also creating potential growth opportunities for the voice-directed warehousing solutions market as well.
The uptick in the market is largely driven by automation in systems. These programmed systems guide the replenishment of stores, order fulfillment, packing & loading, put-way of goods and simple to complex order picking workflows. Since these systems allow the automation of a wide range of mobile tasks and workflows, they handle exceptions, such as the shortage of goods, as well as increase the capabilities of voice technology. Due to these factors, the voice-directed warehousing solutions market is growing at a rapid pace.
Voice-directed warehousing solutions help warehouse holders increase the security of their staff and improve the handling of orders. Voice-directed warehousing solutions provide real-time communication to experts in case of any problems faced in understanding the system, real-time visibility for throughput and aid in decision-making while fulfilling an order. Therefore, the need for voice-directed warehousing solutions is increasing rapidly in the retail sector to achieve high accuracy, efficiency and productivity.
The voice-directed warehousing solutions market has been segmented into four sections:
The industry segment is further segmented into electrical & electronics, food & beverages, pharmaceutical, e-commerce, retail, tracking, logistics & transport, and others. The global voice-directed warehousing solutions market is expected to gain a total incremental opportunity of US$ 1,703.3 Mn during the forecast period of 2018 to 2026.
The rapid adoption of the solutions in the retail industry help reduce training time, increase customer satisfaction and high return on investment are among factors for the increase. Furthermore, the solutions expand productivity, propelling the growth even further.
The voice-directed warehousing solutions markets in South Asia and East Asia are estimated to witness high growth with a significant CAGR during the forecast period due to rising digitalization and the increasing penetration of smart devices in the countries of the region such as India, China, and Japan. Moreover, the growing adoption of cutting-edge technologies is creating significant growth opportunities for the voice-directed warehousing solutions market. In addition, a continuous increase in the number of companies providing voice-directed warehousing solutions in the countries of East and South Asia is expected to positively influence the growth of the voice-directed warehousing solutions market during the forecast period.