The Asia Pacific Smart Warehousing Market is expected to witness market growth of 12.1% CAGR during the forecast period (2022-2028).
The rising number of manual operations that can be automated can significantly reduce the requirement for employees to perform those duties. Additionally, with labor expenses on the rise, even lowering that number can help. Smart warehousing has another advantage in that it adds value to the work that employees are currently doing. When the processes under any industry occur faster, employees and business owners may accomplish more output in lesser time. Employees is expected to be able to divert their attention to higher-value jobs as more manual tasks are automated, allowing them to optimize their current workforce. IoT-enabled warehouses can handle orders more quickly than manual warehouses, offering them a competitive edge. Instead of employing a typical first-in/first-out system, for instance, if duties can be efficiently automated to ensure that the most urgent client demands are prioritized, the customer experience can be considerably improved. Warehousing might therefore be introduced as a value-added service to the organization's overall offering.
To improve efficiency and customer experience, technology-based smart warehousing is becoming increasingly popular in India, China, South Korea, Singapore, and other countries. In addition, the region is likely to observe an increase in the adoption of smart warehousing hardware, solutions, & services.
Moreover, due to the rapid technological advancement and the growing automotive industry, the region is estimated to witness relatively higher demand for more efficient warehousing techniques. Further, developing countries across the region are focusing on air freight centers in order with a significant storage in order to offer increased capacities to various government organizations. Deploying smart warehousing technologies across these warehouses is expected to save considerable amount of time along with providing better stocking capabilities to these regional organizations.
The China market dominated the Asia Pacific Smart Warehousing Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $2,423.3 million by 2028. The Japan market is anticipated to grow at a CAGR of 11.4% during (2022-2028). Additionally, The India market is is expected to showcase a CAGR of 12.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders 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 Country
The rising number of manual operations that can be automated can significantly reduce the requirement for employees to perform those duties. Additionally, with labor expenses on the rise, even lowering that number can help. Smart warehousing has another advantage in that it adds value to the work that employees are currently doing. When the processes under any industry occur faster, employees and business owners may accomplish more output in lesser time. Employees is expected to be able to divert their attention to higher-value jobs as more manual tasks are automated, allowing them to optimize their current workforce. IoT-enabled warehouses can handle orders more quickly than manual warehouses, offering them a competitive edge. Instead of employing a typical first-in/first-out system, for instance, if duties can be efficiently automated to ensure that the most urgent client demands are prioritized, the customer experience can be considerably improved. Warehousing might therefore be introduced as a value-added service to the organization's overall offering.
To improve efficiency and customer experience, technology-based smart warehousing is becoming increasingly popular in India, China, South Korea, Singapore, and other countries. In addition, the region is likely to observe an increase in the adoption of smart warehousing hardware, solutions, & services.
Moreover, due to the rapid technological advancement and the growing automotive industry, the region is estimated to witness relatively higher demand for more efficient warehousing techniques. Further, developing countries across the region are focusing on air freight centers in order with a significant storage in order to offer increased capacities to various government organizations. Deploying smart warehousing technologies across these warehouses is expected to save considerable amount of time along with providing better stocking capabilities to these regional organizations.
The China market dominated the Asia Pacific Smart Warehousing Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $2,423.3 million by 2028. The Japan market is anticipated to grow at a CAGR of 11.4% during (2022-2028). Additionally, The India market is is expected to showcase a CAGR of 12.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders 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.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Mode
- On-premises
- Cloud
- Automated Guided Vehicles (AGV)
- IoT & Analytics
- RFID
- AI in Warehouse
- Blockchain & Others
- Transport Management
- Inventory & Order Management
- Yard & Shipping Management
- Labour Management
- Others
- Hardware
- Solution
- Warehouse Management Systems
- Warehouse Control Systems & Others
- Services
- Large Enterprises
- Small & Medium Enterprises (SMEs)RFID
- Transportation & Logistics
- Retail & Consumer Goods
- Automotive
- Government
- Healthcare & Life Sciences
- Manufacturing
- Mining
- Food & Beverages
- Others
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
- Oracle Corporation
- SAP SE
- Infor, Inc.
- Softeon
- Körber AG
- Manhattan Associates, Inc.
- PTC, Inc.
- Tecsys, Inc.
- Epicor Software Corporation
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Smart Warehousing Market by Deployment Mode
Chapter 5. Asia Pacific Smart Warehousing Market by Technology
Chapter 6. Asia Pacific Smart Warehousing Market by Application
Chapter 7. Asia Pacific Smart Warehousing Market by Component
Chapter 8. Asia Pacific Smart Warehousing Market by Organization Size
Chapter 9. Asia Pacific Smart Warehousing Market by Vertical
Chapter 10. Asia Pacific Smart Warehousing Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- SAP SE
- Infor, Inc.
- Softeon
- Körber AG
- Manhattan Associates, Inc.
- PTC, Inc.
- Tecsys, Inc.
- Epicor Software Corporation
Methodology
LOADING...
