SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Internet of Things (IoT) in Warehouse Management – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1093
Companies: 37 – Players covered include Argos Software; Eurotech S.P.A.; GT Nexus; IBM Corporation; Omnitracs LLC; Recent Developments; SecureRF Corporation; Tecsys, Inc.; UltraShip TMS; Zebra Technologies and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Devices, Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Internet of Things (IoT) in Warehouse Management Market to Reach $18.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Warehouse Management estimated at US$6.4 Billion in the year 2020, is projected to reach a revised size of US$18.4 Billion by 2026, growing at a CAGR of 18.4% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$15.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Devices segment is readjusted to a revised 17.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.1 Billion in 2021, While China is Forecast to Reach $4 Billion by 2026
The Internet of Things (IoT) in Warehouse Management market in the U.S. is estimated at US$2.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2026 trailing a CAGR of 23.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 16.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.
Services Segment to Reach US$1.3 Billion by the year 2026
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 15.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$378.4 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.