Study: Voice-Directed Warehousing Solutions
REPOST: Shashii Pawar, LANEWS.org
The “Voice-Directed Warehousing Solutions Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” study has been published by Persistence Market Research. You can purchase the full study from them. They deliver insights on market and inherent technology drivers, challenges, trends, and opportunities. The study covers the global voice-directed warehousing solutions market during the period 2017 to 2025.
Strong Growth for Voice-Directed Warehouse Solutions
They have estimated the global market for this technology at USD900M in 2017. Based on their findings, they project CAGR above 14% annually and a 2025 global value of USD2500M. In addition, the report provides detailed segmentation results by component, region, and industry. The voice-directed warehousing platform, Asia Pacific, and retail lead the growth in these three segments, respectively.
Also, in the competition segment of this report, they detail the roles of all the major players. These include Honeywell International Inc. (Vocollect), Voiteq Ltd., TopVox Corporation, Lucas Systems Inc., Voxware, Inc., and others. Further, they profile some of the industry partners and software providers.
The Case for Voice Workflows
The study provides several well understood reasons for the strong adoption and growth of voice. First, they cite increased efficiency (including labor efficiencies) and the rise in demand for flexible warehousing solutions. Next, they describe the inherent flexibility provided to the operation when utilizing voice-directed solutions as well as the strong adoption of voice in the growing retail sector. And finally, they note the increased customer satisfaction and reduction of operator training time from days to hours with voice.
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