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 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.
Market Trends, Drivers, Restraints, and Opportunities
- 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.
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.
Segments
Segments Covered in the Report
The global voice picking solution market has been segmented on the basis of
Components
- Software
- 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.
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