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Voice Directed Warehousing Solution Market Trends

  • Report ID: GMI10856
  • Published Date: Aug 2024
  • Report Format: PDF

Voice Directed Warehousing Solution Market Trends

The expansion of Voice Directed Warehousing (VDW) solutions into new industries beyond their traditional strongholds of retail and e-commerce is a notable trend. Industries such as pharmaceuticals, food & beverage, and manufacturing are increasingly adopting these technologies to enhance operational efficiency and accuracy. For instance, in the pharmaceutical industry, where precise handling and tracking of products are crucial for regulatory compliance and safety, VDW systems help reduce errors and improve inventory management.
 

Similarly, in the food and beverage sector, these solutions facilitate adherence to stringent traceability and safety standards by providing real-time guidance and documentation. This broadening adoption is driven by the need for improved productivity, reduced error rates, and compliance with industry-specific regulations, demonstrating the versatility and growing appeal of VDW solutions across various sectors.
 

For instance, in July 2024, Henry Schein has successfully implemented voice-directed software across all five of its U.S. distribution centers, significantly enhancing operational efficiency and accuracy. This technology, developed by Lucas Systems, was initially introduced at the Jacksonville mega center and has since expanded to all facilities, which collectively cover nearly 2 million square feet and process over 43 million cartons annually.
 

Recent advancements in voice-directed warehousing (VDW) are driven by increased collaboration between technology companies to develop sophisticated automation solutions. These partnerships aim to enhance the capabilities of VDW systems by integrating them with cutting-edge technologies like artificial intelligence (AI), machine learning, and robotics.
 

For instance, in November 2023, DHL Supply Chain, a global leader in contract logistics, announced an expansion of its partnership with AutoStore, a pioneering robotic technology company specializing in automated storage and retrieval systems (AS/RS). The expanded partnership aims to further automate warehouse operations on a global scale. This partnership aims to create a more comprehensive automation ecosystem that leverages voice-directed workflows alongside advanced robotic systems.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of voice directed warehousing solution reached USD 4.83 billion in 2023 and may register over 17% CAGR between 2024 and 2032, due to rising adoption to significantly enhance efficiency and productivity in warehouse operations

The software component segment accounted for over 40% of the market share in 2023, attributed to its critical role in the functionality and flexibility of the systems.

The SMEs segment in the voice directed warehousing solution industry may record over 17% CAGR through 2032 owing to the advances in cloud-based solutions and subscription-based software models

North America market held over 35% share in 2023, led by the presence of numerous large-scale retailers, e-commerce giants, and distribution centers that have been early adopters of advanced warehouse technologies.

Voice Directed Warehousing Solution Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 313
  • Countries covered: 22
  • Pages: 220
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