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Voice Picking Solution Market Share & Growth | Forecast 2030
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Voice Picking Solution Market Share & Growth | Forecast 2030

Segments - Voice Picking Solution Market by Components (Software [On-Premise, Cloud], Services [Training, Consulting, Implementation & Integration, and Maintenance & Support]), Solution (Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3763 | 4.8 Rating | 60 Reviews | 176 Pages | Format : PDF Excel PPT

Report Description


The global voice picking solution market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing adoption of voice-directed warehousing systems to increase warehouse efficiency and employee productivity.

Voice Picking Solution Market key takeaways

Voice picking solutions are hands-free and paperless that use easy-to-understand voice to give direct order to workers across a warehouse and then tell them which consequence to pick to out-and-out. The benefits of voice picking technology is that it optimizes warehouse operations and improve order picking efficiency and accuracy, saves time on training, and eases integration with existing systems.

The COVID-19 pandemic disrupted global supply chain due to closedown of manufacturing facilities and warehouses, negatively impacting the market. However, the relaxation in restriction is spurring the market growth.

  • Increasing focus on enhancing customer satisfaction and picking solution is estimated to drive the market.
  • Rapid growth of the e-commerce industry can positively influence the market growth.
  • The third wave of pandemic can restrain the market growth.
  • Growing awareness regarding voice picking solution can create lucrative opportunities for the market.

Scope of the Report

The report on the global voice picking solution market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Voice Picking Solution Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Software [On-premise and Cloud] and Services [Training, Implementation & Integration, Consulting, and Maintenance & Support]), and Solutions (Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Dematic; Bastian Solutions, Inc.; Ehrhardt + Partner Solutions Limited; Honeywell International Inc.; Ivanti; Lucas Systems; Voiteq; Voxware; Zebra Technologies Corp.; and ZETES

 

Voice Picking Solution Market Segment Insights

Software segment is expected to grow at a rapid pace

Based on components, the global voice picking solution market is bifurcated into software and services. The software segment is expected to grow at a rapid pace during the forecast period owing to the increasing value for speech-based solutions in warehouses. However, the services segment is anticipated to hold a key share of the market in the coming years due to rising focus of businesses to outsource the services.

Retail & e-commerce segment is projected to expand at a considerable CAGR

On the basis of solution, the market is segregated into food & beverage, retail & e-commerce, healthcare & pharmaceutical, logistics & transportation, automotive, and others. The retail & e-commerce segment is projected to expand at a considerable CAGR during the forecast period owing to the increasing value for voice-directed warehousing. On the other hand, the food & beverage segment is anticipated to account for a major market share during the forecast period due to rising demand for solutions to reduce operating costs.

Voice Picking Solution Market by solutions

North America is anticipated to constitute a key market share

In terms of regions, the global voice picking solution market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the rising focus on enhancing productivity and diminishing training time. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to companies in the countries such as India and China are focusing hostile on reducing the managing inventories and operational costs in real-time.

Voice Picking Solution Market by regions

Segments

Segments Covered in the Report
The global voice picking solution market has been segmented on the basis of

Components

  • Software
    • On-Premise
    • Cloud
  • Services
    • Training
    • Consulting
    • Implementation & Integration
    • Maintenance & Support
Solutions
  • Food & Beverage
  • Retail & E-commerce
  • Healthcare & Pharmaceutical
  • Logistics & Transportation
  • Automotive
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Bastian Solutions, Inc.
  • Dematic
  • Ehrhardt + Partner Solutions Limited
  • Honeywell International Inc.
  • Ivanti
  • Lucas Systems
  • Voiteq
  • Voxware
  • Zebra Technologies Corp.
  • ZETES

Competitive Landscape

Key players competing in the global voice picking solution market are Bastian Solutions, Inc.; Dematic; Ehrhardt + Partner Solutions Limited; Honeywell International Inc.; Ivanti; Lucas Systems; Voiteq; Voxware; Zebra Technologies Corp.; ZETES;

In May 2019, Card Factory, a voice-directed work solutions provider, collaborated with Voiteq. Voiteq, an IT solutions provider and subsidiary of Centriq Group. Under this partnership, Card Factory used Voiteq’s VoiceMan Warehouse Execution System.

Voice Picking Solution Market by key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Voice Picking Solution Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Voice Picking Solution Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Voice Picking Solution Market - Supply Chain
  4.5. Global Voice Picking Solution Market Forecast
     4.5.1. Voice Picking Solution Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Voice Picking Solution Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Voice Picking Solution Market Absolute $ Opportunity
5. Global Voice Picking Solution Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Voice Picking Solution Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Voice Picking Solution Demand Share Forecast, 2019-2026
6. North America Voice Picking Solution Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Voice Picking Solution Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Voice Picking Solution Demand Share Forecast, 2019-2026
7. Latin America Voice Picking Solution Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Voice Picking Solution Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Voice Picking Solution Demand Share Forecast, 2019-2026
8. Europe Voice Picking Solution Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Voice Picking Solution Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Voice Picking Solution Demand Share Forecast, 2019-2026
9. Asia Pacific Voice Picking Solution Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Voice Picking Solution Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Voice Picking Solution Demand Share Forecast, 2019-2026
10. Middle East & Africa Voice Picking Solution Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Voice Picking Solution Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Voice Picking Solution Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Voice Picking Solution Market: Market Share Analysis
  11.2. Voice Picking Solution Distributors and Customers
  11.3. Voice Picking Solution Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bastian Solutions, Inc.
     11.4.2. Dematic
     11.4.3. Ehrhardt + Partner Solutions Limited
     11.4.4. Honeywell International Inc.
     11.4.5. Ivanti
     11.4.6. Lucas Systems
     11.4.7. Voiteq
     11.4.8. Voxware&

Methodology

Our Clients

Siemens Healthcare
The John Holland Group
FedEx Logistics
Dassault Aviation
Nestle SA
Microsoft
General Electric
Pfizer