The adoption of voice technology is increasing in warehouse management systems to eliminate the need for paper-pen instructions and to reduce manual. Voice technology is an effective way to make warehouse management efficient and affordable. Integration of voice technology with warehouse management systems helps operators interact with these systems with the help of the Internet and a headset device. Operators can give commands to the system by using voice technology, and can get updates on tasks such as stock update, picking orders, and receiving products.
As per the findings of a new market research report by Persistence Market Research, the global warehouse management systems market is projected to progress at an impressive CAGR of 13% over the forecast period of 2020 to 2030.
Covid-19 Impact on Warehouse Management Systems Market
The COVID-19 pandemic is spreading fast across the world, which is affecting various sectors, including warehousing, logistics, and others. The global warehousing and storage market was valued at approximately US$ 350 Bn in 2018, and grew by around 5% Y-o-Y till 2019.
However, amid the lockdowns due to the COVID-19 outbreak, the warehouse and storage market took a hit. e-Commerce businesses are facing issues due to the shortage of labour for warehouse management and operations. The warehouse management systems market grew around 11% Y-o-Y over the past 2 years; however, due to the challenges imposed by the pandemic, the market would be somewhat stagnant in 2020, and would recover by Q1, 2021.
To connect with our sales representative@ sales@persistencemarketresearch.com
Key Takeaways of Warehouse Management Systems Market Study
- Among the components, the integrated warehouse management software segment is expected to witness steady growth due to increasing adoption of the software by manufacturers to automate processes.
- PMR reports that, the demand for warehouse management systems from the transportation and logistics industry is expected to exhibit at a CAGR of 16% during the forecast period.
- Among the regions, South Asia & Pacific is expected to experience growth, owing to the high adoption of warehouse management systems to support in-store inventory and order management.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/17773
About us: Persistence Market Research
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com