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Voice Directed Warehousing Solution Market

Global Market Study on Voice-Directed Warehousing Solutions: Growing Demand for Flexible Warehousing Solutions to Catalyze Market Growth

Voice-Directed Warehousing Solutions Market Segmented By Voice-Directed Warehousing System, Services, Consulting, Integration & Implementation, Support & Maintenance in SMEs and Large Enterprises

Voice Directed Warehousing Solution Market Outlook (2023-2033)

The global demand for the voice directed warehousing solution market is estimated to grow US$ 5,179.2 Mn by 2023. The voice directed warehousing solution market is forecasted to have a sales revenue of US$ 22,135.8 Mn by the end of 2033 and would grow at a CAGR of 15.6% from 2023-33.

Voice-directed warehousing (VDW) is the term used to describe the usage of speech recognition and voice command software and hardware in warehouses and distribution facilities.

Currently, manufacturers in a variety of industries, including electrical & electronics, food & drinks, pharmaceuticals, retail, e-Commerce, CPG, and transportation & logistics, are all actively piloting and implementing voice-directed warehousing technology. The need is expected to increase further as efficiency, accuracy, and safety requirements increase.

New voice-directed warehousing system installation is expensive. One of the key factors restricting market growth is the difficulty of many small- and medium-sized businesses to implement voice-directed warehousing systems due to financial restrictions. The complexity of integrating new technologies into the infrastructure that already exists and a lack of system knowledge are a couple of the other factors that are hindering the development of the global market for voice-directed warehousing solutions.

As of 2022, Global demand for the voice directed warehousing solution market is a valuation of US$ 4,543.2 Mn. The market in North America held the largest market share of 26.8% in 2022 and is expected to retain its dominant position throughout the forecast period and demand for the voice directed warehousing solution market in Europe region held a 21.9% value share in the global market in 2022.

Voice Directed Warehousing Solution Market Size (2023)

US$ 5,179.2 Mn

Projected Market Value (2033)

US$ 22,135.8 Mn

Global Market Growth Rate (2023-2033)

15.6%

Voice-Directed Warehousing System Market Share (2022)

58.9%

US Market Share (2022)

18.3%

Large Enterprises Market Share (2022)

55.9%

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Why is Voice Directed Warehousing Solution Market Popular in Warehousing?

“Increased productivity, reduced errors and ensured safety the Primarily Attributed to Rising Demand for The Voice Directed Warehousing Solution Market”

Voice technology has been used to automate manual processes in the warehousing and distribution industry. Voice-directed warehouse solutions have a number of key advantages, including higher productivity, reduced errors, enhanced safety, and reduced training periods. Voice-directed warehouse technology is being utilized more frequently in a variety of industry verticals, including, but not limited to, retail, e-Commerce, CPG, pharmaceuticals, transportation, and food and beverage.

  • In Oct 2021, Simco Logistics implemented a voice-directed system. The distributor of Simco Logistics has increased productivity by 15% as a result of the new technology.
  • In Aug 2019, Honeywell collaborated with Consultare America LLC and Silver Touch Technologies to provide its customers in the United States, Latin America, Europe, and India with a fully integrated voice-directed productivity solution.
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Which factor is driving the Opportunity in the U.S. for voice-directed Warehousing Solution Market Sales?

“Rising Demand for voice-directed Warehousing Solution Market in US Market”

With the use of digital technology, digital transformation is reforming some of the business activities that are expected to transform company processes and generate new revenue models for voice-directed warehousing solutions. Voice-directed warehousing solution providers may have opportunities as a result of the growing popularity of digital transformation across numerous industries, including electrical & electronics, food & beverage, retail, and transportation & logistics.

Online purchasing is becoming more and more popular in the U.S. As a result, it becomes necessary to maintain a significant inventory and replenish it. 

Due to these reasons, in 2022, the U.S. voice directed warehousing solution market companies helped the country to account for a dominant share of 18.30% in the global marketplace.

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Which Countries in Asia Have the High Global CAGR for the Voice-Directed Warehousing Solution Market?

“India has high global CAGR for Voice Directed Warehousing Solution Market”

Due to an increase in industrial automation, a shifting manufacturing environment towards voice-directed warehousing solution market across many verticals, and government measures to attract more foreign investment, the manufacturing industry is one of India's fastest-growing industries, and this trend is anticipated to continue.

The CAGR for India's adoption of voice directed warehousing solution markets is predicted to be around 18.30%.

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Which Countries in Europe have the high global Markets for Voice Directed Warehousing Solution Market?

“Germany Has a High Global Market Share in The Europe Region”

As the world becomes more digital and interconnected, the demands for task and workflow automation are no longer an exception. The most automated market in the European Union is the German one, which has been driving automation tremendously. German voice-directed warehouse solutions are fuelled by system automation. 

These programmed systems direct workflows for simple to complicated order selection, order fulfilment, packing or loading, putting away of goods, and store replenishment.

Due to this reason, the voice directed warehousing solution market for Germany in 2022 held a market share of 12.4% in the global voice directed warehousing solution Market.

Category-wise Insights

Which Enterprise Size Segment of the Voice Directed Warehousing Solution Market Held the Largest Market Share?

“Large Enterprises segment of the Enterprise Size allows having the Larger Market Share”

Large enterprises dominated the enterprise market, with retail, e-Commerce, and CPG holding significant market shares, as voice-directed warehouse solutions are frequently utilized to read instructions, scan barcodes, or key in information to validate tasks. They are also used to check the locations and product quantities. For instance, the number of SKUs housed in a warehouse or distribution center has expanded considerably as a result of the centralization of logistic operations, reaching tens of thousands.

In 2022, the large enterprises segment market share was estimated to dominate the global market and account for 55.90% of the total market value share.

Which Component of the Voice-Directed Warehousing Solution Market Holds a Larger Share Market?

“Voice-Directed Warehousing System Segment Holds a Larger Share Market”

In 2022, it was estimated that the voice-directed warehousing system segment will account for 58.90%.

Voice-directed warehouse solutions are becoming more widely used in the warehousing system to reduce training requirements, boost client happiness, and increase ROI.

Order picking can be divided into four categories: paper-based picking, RF picking, voice picking, and picking lite. Most of the customers use voice-picking solution.  Solutions for voice-directed warehousing are ideal for facilities that can manage a high number of SKUs.

Competitive Landscape

Market participants are focusing on growth methods to increase their market penetration in lucrative markets. These include working with important actors, developing new products, forming alliances for acquisitions, and expanding regional and international distribution networks.

  • In Feb 2022, Lydia Voice from the Ehrhardt Partner Group (EPG) has emerged as the go-to voice solution for voice-directed workflow optimization in warehouses and distribution centers with android devices after signing numerous contracts over the past 12 months with general merchandise, grocery, beverage, global retailers, and manufacturers.
  • In Sep 2021, Long-time voice-directed processes user CONA made the decision to test out a fresh voice solution. The Atlanta-based firm, which provides information technology services to a dozen distinct Coca-Cola bottlers in North America, saw this as an opportunity to take a new look at the options on the market and chose Lydia Voice by EPG, which was implemented across 92 Coca-Cola bottler locations within a year.

Recent developments related to key players providing the voice directed warehousing solution market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Voice Directed Warehousing Solution Market Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Component
  • Industry
  • Enterprise Size
  • Region

Key Companies Profiled

  • Honeywell International Inc.
  • Dematic Corporation
  • Voiteq Ltd.
  • Ehrhardt + Partner Solutions Limited
  • LUCAS SYSTEMS
  • Voxware, Inc.
  • Zebra Technologies Corporation
  • Zetes Industries S.A.
  • Ivanti Software Inc.
  • TopSystem GmbH (acquired by E+P)
  • Speech Interface Design
  • HighJump Software Inc.
  • Symphony EYC Solution UK Ltd.
  • Blue Horseshoe Solutions, Inc.

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Key Segments of Voice-Directed Warehousing Solution Market Research

By Component:

  • Voice-Directed Warehousing System
  • Services
    • Consulting
    • Integration & Implementation
    • Support & Maintenance

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Industry:

  • Electrical & Electronics
  • Food & Beverages
  • Pharmaceuticals
  • Retail, e-Commerce, & CPG
  • Transportation & Logistics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • Honeywell International Inc.
  • Dematic Corporation
  • Voiteq Ltd.
  • Ehrhardt + Partner Solutions Limited
  • LUCAS SYSTEMS
  • Voxware, Inc.
  • Zebra Technologies Corporation
  • Zetes Industries S.A.
  • Ivanti Software Inc.
  • TopSystem GmbH (acquired by E+P)
  • Speech Interface Design
  • HighJump Software Inc.
  • Symphony EYC Solution UK Ltd.
  • Blue Horseshoe Solutions, Inc.

- Frequently Asked Questions -

In 2022, demand for the voice directed warehousing solution Market amounted to US$ 4,543.2 Mn. ​​​​​​  ​​​​​​​

The global voice directed warehousing solution market is estimated to grow at a CAGR of 15.6% over the forecast period.

The market for voice directed warehousing solution market is forecasted to have a market value of US$ 22,135.8Mn by 2033.

Demand for the voice directed warehousing solution market in India is projected to rise at 18.3% CAGR over the forecast period.

In 2022, North America voice directed warehousing solution market held a dominant market share of 26.8%.

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