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Global Voice picking solution Market to reach USD 4.2 billion by 2027

Global Voice picking solution Market Size study, by Component (Software, Services ), by Vertical (Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive, Others), and Regional Forecasts 2020-2027

Product Code: OIRIGAS_66844908
Publish Date: 7-07-2020
Page: 200

Global Voice picking solution Market is valued approximately at USD 1.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.7 % over the forecast period 2020-2027. Voice picking solutions are an integral part of the outbound logistics processes, which have a huge impact on the company’s customer services. The voice picking system provides employees a voice-based user interface, such as portable voice terminals and headsets, allowing employees to connect with host systems. . The voice picking system provides employees a voice-based user interface, such as portable voice terminals and headsets, allowing employees to connect with host systems. Also, voice picking solutions include a majority of the warehouse workforce and enhance warehouse operations, through precision in the product picking process contributing to improved employee productivity and efficiency. The voice pick solution guides an employee through his everyday work routine and makes it possible to track and track all warehouse operations in real time.
Increasing demand for solutions to increase the efficiency of supply chain is one of the prominent factors contributing towards the market growth. However, lack of machine awareness and high investment costs is expected to inhibit the market growth. Whereas, increasing adoption of smart devices is expected to create significant growth opportunity in the market over the forecast period. The key players of global Voice picking solution market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, in July 2018, Honeywell International Inc., a global conglomerate, signed a deal with the U.S.. Agency for Defence Logistics. The contract envisages the introduction of a picking solution by Honeywell International Inc. focused on voice instructions for staff working in all U.S. distribution centres. Agency for Defence Logistics.

The regional analysis of global Voice picking solution market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to due to the presence of key players in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increase in digitalization and increasing adoption of smart devices in order to enhance the performance of employees would create lucrative growth prospects for the Voice picking solution market across Asia-Pacific region.

Major market player included in this report are:
Bastian Solutions, Inc.
Dematic
Ehrhardt + Partner Solutions Limited
Honeywell International Inc.
Ivanti
Lucas Systems
Voiteq
Voxware
Zebra Technologies Corp.
ZETES

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Software
Services

By Vertical:
Food & Beverage
Retail & E-commerce
Healthcare & Pharmaceutical
Logistics & Transportation
Automotive
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Voice picking solution Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Voice picking solution Market, by Region, 2018-2027 (USD Billion)
1.2.2. Voice picking solution Market, by Component, 2018-2027 (USD Billion)
1.2.3. Voice picking solution Market, by Vertical, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Voice picking solution Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Voice picking solution Market Dynamics
3.1. Voice picking solution Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Voice picking solution Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Voice picking solution Market, by Component
5.1. Market Snapshot
5.2. Global Voice picking solution Market by Component, Performance – Potential Analysis
5.3. Global Voice picking solution Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Voice picking solution Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Services
Chapter 6. Global Voice picking solution Market, by Vertical
6.1. Market Snapshot
6.2. Global Voice picking solution Market by Vertical, Performance – Potential Analysis
6.3. Global Voice picking solution Market Estimates & Forecasts by Vertical 2017-2027 (USD Billion)
6.4. Voice picking solution Market, Sub Segment Analysis
6.4.1. Food & Beverage
6.4.2. Retail & E-commerce
6.4.3. Healthcare & Pharmaceutical
6.4.4. Logistics & Transportation
6.4.5. Automotive
6.4.6. Others
Chapter 7. Global Voice picking solution Market, Regional Analysis
7.1. Voice picking solution Market, Regional Market Snapshot
7.2. North America Voice picking solution Market
7.2.1. U.S. Voice picking solution Market
7.2.1.1. Component breakdown estimates & forecasts, 2017-2027
7.2.1.2. Vertical breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Voice picking solution Market
7.3. Europe Voice picking solution Market Snapshot
7.3.1. U.K. Voice picking solution Market
7.3.2. Germany Voice picking solution Market
7.3.3. France Voice picking solution Market
7.3.4. Spain Voice picking solution Market
7.3.5. Italy Voice picking solution Market
7.3.6. Rest of Europe Voice picking solution Market
7.4. Asia-Pacific Voice picking solution Market Snapshot
7.4.1. China Voice picking solution Market
7.4.2. India Voice picking solution Market
7.4.3. Japan Voice picking solution Market
7.4.4. Australia Voice picking solution Market
7.4.5. South Korea Voice picking solution Market
7.4.6. Rest of Asia Pacific Voice picking solution Market
7.5. Latin America Voice picking solution Market Snapshot
7.5.1. Brazil Voice picking solution Market
7.5.2. Mexico Voice picking solution Market
7.6. Rest of The World Voice picking solution Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Bastian Solutions, Inc.
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Component Summary
8.2.1.5. Recent Developments
8.2.2. Dematic
8.2.3. Ehrhardt + Partner Solutions Limited
8.2.4. Honeywell International Inc.
8.2.5. Ivanti
8.2.6. Lucas Systems
8.2.7. Voiteq
8.2.8. Voxware
8.2.9. Zebra Technologies Corp.
8.2.10. ZETES
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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