Asia Pacific Internet of Things in Warehouse Management Market

Asia Pacific Internet of Things in Warehouse Management Market Size, Share & Industry Trends Analysis Report By Device (Sensing Devices and Gateways), By Service (3PL and Usage-based Insurance), By Solution, By Country and Growth Forecast, 2023 - 2029

Report Id: KBV-15037 Publication Date: April-2023 Number of Pages: 99
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Market Report Description

The Asia Pacific Internet of Things in Warehouse Management Market would witness market growth of 15.1% CAGR during the forecast period (2023-2029).

The demand for IoT in warehouse management solutions is rising due to the adoption of IoT, which is being significantly enhanced by more effective warehousing solutions. As a result, growth is witnessed in electronic data interchange, workforce management, inventory management, and other areas. Furthermore, the absence of human intervention in routine warehouse operations and the utilization of a combination of effective automation technologies to reduce operational logistics expenses are key factors propelling the market.

Additionally, IoT gateways provide safe paths for data transfer. Therefore, they serve as platforms for data-processing applications, which is projected to increase demand for IoT technologies globally. In addition, the market is anticipated to grow due to the development of technological applications and warehouse productivity. The Internet of Things in the warehouse management is projected to expand due to the rising usage of connected devices by people.

Furthermore, a surge in machine-to-machine (M2M) applications used in various stages of warehouse management, such as transportation, asset tracking, smart meters, and health monitoring, is another factor anticipated to fuel the demand for these services. In addition, demand for connected trucks and warehouse operations is anticipated to increase as governments worldwide tighten telematics-related regulations. Moreover, during the projected period, the market expansion is anticipated to be fueled by rising data interruption threats and the growing demand for data encryption in IoT device security.

Indonesia, which has the biggest consumer sector in Southeast Asia, is the country with the fastest-growing economy, accounting for most of the region's overall additional gross merchandise value (GMV). Most of the activity occurs on consumer-to-consumer marketplaces, with transactions mainly involving clothing and low-cost electronics. The industry for online shopping in Southeast Asia is also strongly dependent on Chinese imports. Therefore, as e-commerce expands further in the region, it will necessitate the development of warehouses with IoT. This, in turn, will accelerate the expansion of the regional market.

The China market dominated the Asia Pacific Internet of Things in Warehouse Management Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $839.7 Million by 2029. The Japan market is estimated to grow a CAGR of 14.4% during (2023 - 2029). Additionally, The India market would experience a CAGR of 15.8% during (2023 - 2029).

Based on Device, the market is segmented into Sensing Devices and Gateways. Based on Service, the market is segmented into 3PL and Usage-based Insurance. Based on Solution, the market is segmented into Inventory Management, Warehouse Automation, Workforce Management, Electronic data Interchange (EDI), and Tracking. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Internet of Things in Warehouse Management Market is Projected to reach USD 9.9 Billion by 2029, at a CAGR of 14.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, EUROTECH S.p.A., HCL Technologies Ltd. (HCL Enterprises), Argos Software (Constellation Software), Software AG, Tecsys, Inc., Zebra Technologies Corporation, Infor, Inc. (Koch Industries), Omnitracs, LLC (Solera Holdings, Inc.), and PCS Software, Inc. (UltraShipTMS).

Scope of the Study

Market Segments Covered in the Report:

By Device

  • Sensing Devices
  • Gateways

By Service

  • 3PL
  • Usage-based Insurance

By Solution

  • Inventory Management
  • Warehouse Automation
  • Workforce Management
  • Electronic data Interchange (EDI)
  • Tracking

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • IBM Corporation
  • EUROTECH S.p.A.
  • HCL Technologies Ltd. (HCL Enterprises)
  • Argos Software (Constellation Software)
  • Software AG
  • Tecsys, Inc.
  • Zebra Technologies Corporation
  • Infor, Inc. (Koch Industries)
  • Omnitracs, LLC (Solera Holdings, Inc.)
  • PCS Software, Inc. (UltraShipTMS)
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