Voice-directed warehousing solutions market
2. December 2019 | News, Retail Technology, What´s new in Retail

Advancements such as speech recognition and speech synthesis to uplift adoption

According to new global study, increased security and real-time business intelligence are among the major factors driving the growth of the voice-directed warehousing solutions market. Moreover, voice-directed warehousing solutions for improvements in the business operations of warehouses and distribution centers is also creating potential growth opportunities for the voice-directed warehousing solutions market during the forecast period.

The voice-directed warehousing solutions market is driven by automation in systems. These programmed systems guide the replenishment of stores, order-fulfilment, packing & loading, put-away of goods, and simple to complex order picking workflows. Since these systems allow the automation of a wide range of mobile tasks and workflows, they help handle exceptions, such as the shortage of goods, as well as increase the capabilities of voice technology. Due to these factors, the voice-directed warehousing solutions market is growing at a rapid pace.

Voice-directed warehousing solutions help warehouse holders increase the security of their staff and improve the handling of orders. Moreover, voice-directed warehousing solutions provide real-time communication to experts in case of any problems faced in understanding the system, real-time visibility for throughput, and aid in decision-making while fulfilling an order. Therefore, the need for voice-directed warehousing solutions is increasing rapidly in the retail sector to achieve high accuracy, efficiency, and productivity. These factors are expected to boost the voice-directed warehousing solutions market during the forecast period.

According to a global study, the voice-directed warehousing solutions market report has been segmented by component, industry, technology, and region. The industry segment is further segmented into electrical & electronics, food & beverages, pharmaceutical, e-commerce, retail, tracking, logistics & transport, and others. The global voice-directed warehousing solutions market is expected to gain a total incremental opportunity of US$ 1,703.3 Mn during the forecast period of 2018 to 2026.

Moreover, the rapid adoption of voice-directed warehousing solutions in the retail industry to reduce training time, increase customer satisfaction, and high return on investment are among factors that are significantly boosting the retail industry in the voice-directed warehousing market. Furthermore, the rising adoption of voice-directed warehousing solutions in various industries, which include electrical & electronics, food & beverages, E-commerce, and transport & logistics to enhance customer satisfaction and expand productivity are propelling the growth of the voice-directed warehousing solutions market.

On the basis of region, Europe and North America are among the largest markets in the global voice-directed warehousing solutions market owing to the early adoption of advanced technologies pertaining to voice-directed warehousing solutions and the presence of various key players in these regions. Furthermore, rapid increase in E-commerce sales and the adoption of voice-directed warehousing solutions by various organizations to drive productivity and increase efficiency throughout their supply chain are also creating potential growth opportunities for the growth of voice-directed warehousing solutions market.

Source: Persistence Market Research

Tags: automatization, logistics, voice assistant, warehouse
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