The Global Voice Picking Solution Market size is expected to reach $2.9 billion by 2025, rising at a market growth of 15.3% CAGR during the forecast period. Voice picking is a validated process designed to increase the efficiency and reliability of order pickers or selectors in warehouses and distribution centers. Pickers wear industrial microphone headsets that connect to a mobile device that runs a voice application. The voice of the application indicates the pickers where they have to go and what they have to do. For example, the application instructs the person to reach the location of the warehouse and also informs the quantity that needs to be picked up. The pickers speak into the microphone to confirm their work. The voice picking application requires speech recognition software that understands and interprets the spoken response of the order picker.
Global Voice Picking Solution Market Size
The industry is witnessing an increase in the adoption of voice-directed warehousing systems to improve employee productivity and warehouse performance. This is a key trend which would drive the growth of the voice picking solution market. Warehouses play a diverse range of roles across the varied industry verticals. Consumer-driven market allows operators to deploy distributed warehouses operating in fast-paced settings. Nonetheless, a fast-paced warehouse environment demands technologies and tools that can guarantee high efficiency and reliability in warehouse operations. This is where voice picking solutions become the ideal technology.
Global Voice Picking Solution Market Share
Based on Component, the market is segmented into Software and Services. Based on Vertical, the market is segmented into Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive and Others. Retail is the most promising market for voice-directed warehouse solutions. The rapid adoption of voice-directed warehouse solutions in the retail sector to minimize training time, improve customer satisfaction, and provide a higher return on investment are among the factors that support the high growth experienced by the retail sector. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Free Valuable Insights: Global Voice Picking Solution Market to reach a market size of $2.9 billion by 2025
Voice Picking Solution Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Siemens AG, Honeywell International, Inc., and Panasonic Corporation (Zetes Industries SA/NV) are some of the forerunners in the Voice Picking Solution Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toyota Industries Corporation, Kion Group, Ehrhardt + Partner Solutions Limited, Honeywell International, Inc., Ivanti, Inc., Lucas Systems, Inc., Korber AG, Voxware, Inc., Zebra Technologies Corporation and Panasonic Corporation (Zetes Industries SA/NV).
» Collaborations, Partnerships, and Agreements:
» Acquisition and Mergers:
» Product Launches:
» Expansions:
Market Segmentation:
By Component
By Vertical
By Geography
Companies Profiled
According to a new report published by KBV Research, The global Voice Picking Solution market size is expected to reach $2.9 billion by 2025.
The major factors that are anticipated to drive the Voice Picking Solution industry include efficient warehouse operations, improvement in operational agility, and increase in productivity and scalability.
The Asia Pacific region market would witness a highest CAGR of 16.5% during (2019-2025).
The regional market in North America accounted for a dominant market share in 2018.
The global Automotive Moto market is poised to grow with a CAGR of 15.3% during the forecast period.
The leading player in Voice Picking Solution market includes Toyota Industries Corporation, Kion Group, Ehrhardt + Partner Solutions Limited, Honeywell International, Inc., Ivanti, Inc., Lucas Systems, Inc., Korber AG, Voxware, Inc., Zebra Technologies Corporation and Panasonic Corporation (Zetes Industries SA/NV).
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