The North America Smart Warehousing Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
Warehousing, transit, and delivery are the three main components of the logistics chain. Between them, warehousing consumes the majority of the capital of the merchandise owner company. Furthermore, warehousing already has more advanced and mature technical support than transportation and final delivery due to its relatively simpler and regulated application environment. The cost reduction & efficiency increase accomplished by intelligent equipment is regarded to have a larger return on investment than the other elements due to its high fund occupation & relatively more advanced smart technology. These technologies including drones, automated equipment, and intelligent identification can regulate, optimize inventory, and enhance the logistics chain's response time in intelligent warehousing management & scheduling. As a result, building and updating intelligent warehousing has become a quick fix solution for lowering costs and increasing efficiency.
Moreover, smart warehousing can be considered as the future of warehousing market as it clearly brings up various benefits for itself like significant warehousing growth, lesser cost in operations, quicker process of picking & shipping the order, higher precision in operations of warehouse, enhanced customer service, and improved tracking process of inventory & assets. Reduced operation cost and operational cycle is a major driver in the demand for smart warehousing in the market because it is directly proportionate to the growth of the warehousing industry.
Smart warehousing in North America is in high demand all across the region to deliver products on time and with few faults. As a result of this factor, suppliers are increasingly adopting smart warehousing, which is likely to augment the demand for smart warehousing in this region. in addition, this region is an innovation hub, and smart warehousing vendors in the region are estimated to observe growth prospects. The region also benefits from the presence of key market companies like Infor, Manhattan Associates, IBM Corporation, and Oracle Corporation, among others. Further, because of various factors, such as growing adoption of smart warehousing software, hardware, and services, early adoption of new technological advancements, and the presence of key players in this region, North America the demand for smart warehousing is accelerating cross the region.
The US market dominated the North America Smart Warehousing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,090.4 million by 2028. The Canada market is experiencing a CAGR of 12.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.3% during (2022 - 2028).
Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Technology, the market is segmented into Automated Guided Vehicles (AGV), IoT & Analytics, RFID, AI in Warehouse, Blockchain & Others. Based on Application, the market is segmented into Transport Management, Inventory & Order Management, Yard & Shipping Management, Labour Management, and Others. Based on Component, the market is segmented into Hardware, Solution (Warehouse Management Systems and Warehouse Control Systems & Others), and Services. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Transportation & Logistics, Retail & Consumer Goods, Automotive, Government, Healthcare & Life Sciences, Manufacturing, Mining, Food & Beverages, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Warehousing Market is Estimated to reach $29 Billion by 2028, at a CAGR of 11.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Infor, Inc., Softeon, Körber AG, Manhattan Associates, Inc., PTC, Inc., Tecsys, Inc., and Epicor Software Corporation.
By Deployment Mode
By Technology
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By Organization Size
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By Country
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