A comprehensive market research report on voice-directed warehousing solutions has been published by Persistence Market Research recently. The report titled “Voice-Directed Warehousing Solutions Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” is a fact based research study that analyses various facets of the voice-directed warehousing solutions market and their influence on the growth of the market at a global level. This research report can help businesses expand their current reach, tap new markets, enhance product/service portfolio, gain competitive advantage and achieve research milestones. Additionally, this analytical research study can also help to gauge future market scenario with which the reader can plan next move and implement growth strategies.
Major regions across the globe scrutinized to gain a complete market understanding
The research done on voice-directed warehousing solutions market covers global perspective by analyzing the scenario of the market across key regions of North America, Latin America, Asia Pacific, Europe and Middle East and Africa. The various market trends across these regions and their respective influence on the growth of the global voice-directed warehousing solutions market is studied along with key opportunities, growth drivers and challenges. The data is gathered and presented a logical and systematic format in the research report making it convenient for the reader to gain high level insights. Actionable intelligence is the USP of our research with which the reader can slate important decisions and also tap revenue pockets. To add to the credibility of the research report, all the statistics and data are free of biasness presenting a realistic portrait of the entire voice-directed warehousing solutions market. The research report also includes forecast projections for a period of eight years, starting from 2017 till 2025.
Research process at Persistence Market Research
At Persistence Market Research, a strong research process is applied. It has two main arms, namely primary and secondary research. Both these research types are carried out simultaneously. With an initial boost using vast secondary research, a clear market understating is obtained after which primary interviews are conducted and market observers or subject domain experts and key personnel are interviewed to deep dive in the market. The data obtained from these sources and other paid sources is collated. With the help of a triangulation method, single data point pertaining to each segment and sub segment of the market is obtained. During the collation of data, the intelligence obtained is validated at each level of the interview process which increases the accuracy of the researched data. This research methodology delivers astute and highly accurate data from which meaningful insights are derived.
The research report on voice-directed warehousing solutions market covers competitive landscape, which covers the market shares, revenues, growth strategies applied, mergers and acquisitions, product portfolio analysis, distribution channels, expansion in several geographies, marketing strategies, etc., of the various key players in the market. Such an intelligence framework can be used to make informed decisions and devise appropriate strategies to gain competitive advantage.
The research report on global voice-directed warehousing solutions market delivers the necessary value addition to the reader by putting forth a weighted analysis of the entire market with key insights that can be used to chalk strategies in order to cope up and progress with the changing dynamics of the global market in the years to follow.
Integration of new technologies and use of voice technology for inspection systems are set to create good opportunities for growth
The integration of new technologies such as big data analytics and cloud can bring new opportunities for warehouse vendors to gain sustainability in the competitive supply chain market. Also, integration of these technologies can help warehouse businesses to gain high traction in the market. Big data can help these companies to automate data collection of their warehouse and process them quickly by finding patterns having predictable values and applying analytics on database by identifying specific data features. The companies can also use cloud technology to store large amount of data in the cloud storage and gain access from any location. Also, cloud helps emerging companies to host their software on cloud, scale applications as per demand and flexibly configure them. With the increasing adoption of voice technology in various industries, warehousing companies have started implementing voice based technologies significantly. At present, the voice based solutions are used for order picking in warehouses. However, this technology can serve more capabilities in future as it can also be used for inspection and maintenance activity of warehouse in order to improvise the operational efficiency of a warehouse.
The global voice-directed warehousing solutions market is expected to show stellar growth
Persistence Market Research in its research study on global voice-directed warehousing solutions market has explained various aspects that have a direct influence on the growth of the global market. It has included profiling of major players that participate in voice-directed warehousing solutions. According to this research report, the global market for voice-directed warehousing solutions is expected to grow at a stellar CAGR of 14.4% throughout the period of forecast to reach a valuation of more than US$ 2.5 Bn by the end of the year of assessment from a value of more than US$ 900 Mn in 2017. This tremendous growth can be attributed towards rise in demand for flexible warehouse solutions, increasing adoption of technology in retail sector and advantages such as increased efficiency as compared to traditional methods and flexibility of operations resulting in increased productivity.
Voice-directed warehousing platform to witness high adoption during the forecast period
Voice-directed warehousing platform segment in the component category is expected to show high market attractiveness in the coming years. This segment has contributed largely to the growth of the global voice-directed warehousing market valuation in the past and is anticipated to lead the global market by the end of the year of assessment. The voice-directed warehousing platform segment is expected to grow at healthy rate to register a CAGR of 14.2% during the period of assessment to reach an estimation of a little under US$ 2 Bn by the end of the year of assessment (2025).
Consulting to push the growth of services
Services segment in the component category is further categorized into consulting and implementation and integration. The consulting sub segment is the fastest growing and is poised to register a CAGR more than 15% throughout the forecast period. This segment is valued at US$ 66.7 Mn in 2017 and is estimated to reflect a value more than US$ 200 Mn by end of 2025. The services parent segment is projected to register a high growth to reflect a CAGR of 15.0%.