Smart Warehousing Market Size & Share, by Offering (Hardware, Software, Services); Organization Size (SME, Large Enterprises); Deployment (On-Premises, Cloud); Technology (AI & Analytics, Robotics & Automation); Application (Transport Management, Order Management, Inventory Management, Predictive Analytics); Industry (Transportation & Logistics, Retail & E-Commerce, Food & Beverages) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5313
  • Published Date: Oct 12, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Smart Warehousing Market size is expected to cross USD 122 Billion by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of smart warehousing was over USD 20 Billion. The growth of the market is due to growing incidences of email phishing and ransomware, as well as the need for coherence between security policies and facility audit trails. The number of global ransomware attacks was estimated at 236.1 million during the first half of 2022. In 2021 there was a global outbreak of 623.3 million ransomware attacks. In 2022, the number of ransomware was around 20 % of all cyber crimes.

In addition, the smart warehousing industry is taking off as e-commerce's popularity increases and digitalization progresses. To improve and accelerate the supply chain's network, a wide range of suppliers from all over the world are using cutting-edge technologies such as barcode scanning software, automatic driving aids or radio frequency identification technology to reduce errors. In order to develop the market, it is vital that these technologies are used for storage.

Smart Warehouse Technologies Market Overview
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Smart Warehousing Sector: Growth Drivers and Challenges

Growth Drivers

  • The growth in demand for mobile devices as a means to manage operations swiftly and effectively- As a result of the widespread use of mobile devices such as smartphones and tablets, warehouse workers and logistics partners now have access to many tools and materials. In 2023, there will be 6.8 billion users of smartphones in the world. The scanning of inventory with barcode applications, viewing the precise location of cargo on a map, gathering detailed shipping information and reporting in less than an hour is some of the features that would be advantageous for warehouse managers to manage effectively their entire warehousing process which drives the smart warehousing market growth.
  • Increasing focus on warehouse 4.0 for a more efficient and safer warehouse- The Warehouse 4.0 programme is aimed to produce more consistent, interlinked experiences in order to shorten the time that is spent training new employees, warehouses are moving to a voice plus touchscreen-based process for selecting and restocking inventory. Moreover, the integration of low-cost sensors such as computer vision AI robots and high-level computers can be integrated to create a solid warehouse automation system, Internet of Things (IoT), Big Data & Data Scientists, Wearables, Augmented Reality, Low Cost Sensors, Computer Vision Artificial Intelligence or High-Level Computers. In today's age, 50 percent of the workforce can be controlled.
  • Rising focus on green initiatives and sustainability to minimize waste- The market's adoption of smart warehousing solutions is being driven by the increasing emphasis on green initiatives and sustainability, which are intended to reduce waste through reducing numbers of human workers errors and have a positive impact on the environment.         
  • Rising cybercrimes around the globe- Growth in the market is also driven by an increasing threat to cybersecurity and complexity as well as increased ability to detect and react to security incidents that are occurring at regular intervals.


  • Lesser penetration of smart warehousing across small-scale businesses- In view of the fact that these organizations stock smaller quantities than large organizations, a number of small businesses do not have their own warehouses. Multiple organizations cannot afford to invest in smart warehousing solutions due to limited income from small and medium-sized enterprises. Lack of enthusiasm in upgrading existing systems as well as limited growth plans makes smaller entrepreneurs unable to understand the benefits of smart warehousing solutions.
  • The adoption of Smart Warehouse Solutions by different SMEs is also an obstacle to significant investment and high initial costs associated with the implementation of such systems.
  • Security and privacy issues are also a concern for enterprises that have chosen to adopt Smart Warehouse solutions. They are in possession of confidential data which must be protected in order to avoid data breaches and theft, as it may affect the reputation of the company.

Smart Warehousing Market: Key Insights

Base Year


Forecast Year



~ 15%

Base Year Market Size (2023)

 ~ USD 20 Billion

Forecast Year Market Size (2036)

 ~ USD 122 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Smart Warehousing Segmentation

Offering (Hardware, Software, Services)

The hardware segment in the smart warehousing market is anticipated to hold the largest revenue share of about 58% during the forecast period. The growing popularity of smartphones in many vertical areas, which can be quickly deployed inventory control systems & automated picking tools to simplify the management of inventories and lower total labor costs, has contributed to this growth. In response to the growing consumer demand of Internet of Things, sensor and AI technologies that will improve warehousing operations, vendors are beginning to develop smart warehouse equipment. More than 29 billion Internet of Things (IoT) devices are expected to be installed worldwide in 2030, nearly doubling the number from 15.2 billion in 2020. China is expected to have more than 8 billion consumer devices by 2030, which will be the world's largest market for the Internet of Things.

Deployment (On-Premises, Cloud)

Smart warehousing market from the cloud segment is anticipated to hold the largest share with about 67% during the forecast period. There has been an increasing use of cloud-based solutions among SMEs and large enterprises in order to provide security for the management of huge amounts of data, with new functionalities that are provided in customized form according to their business needs which lead to greater customer satisfaction. Moreover, these solutions have a number of benefits that include the capacity to increase applications, as well as their flexibility and ease of maintenance. As a consequence, cloud services are increasingly being adopted by larger companies and SMEs.

Our in-depth analysis of the global market includes the following segments:


  • Hardware
  • Software
  • Services

Organization Size

  • Small & Medium Enterprises
  • Large Enterprises


  • On-Premises
  • Cloud


  • AI & Analytics
  • Robotics & Automation


  • Transport Management
  • Order Management
  • Inventory Management
  • Predictive Analytics


  • Transportation & Logistics
  • Retail & E-Commerce
  • Food & Beverages

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Smart Warehousing Industry - Regional Synopsis

North America Market Forecast

The smart warehousing market in the North America region is anticipated to hold the largest revenue share with about 35% during the forecast period. North America is known for its advanced technology infrastructure and innovative industries, making it a hub for adopting smart warehousing. The region’s strong technology ecosystem and continuous innovation make it a key player in driving the development and adoption of these solutions globally. The market for robotics in North America was strongly growing: the number of manufacturing installations increased by 12% between 2012 and 2022 to 41,624. Number one adopter is the automotive industry: companies based in the US, Canada, and Mexico installed 20,391 industrial robots, up 30% compared to 2021.

APAC Market Statistics

The Asia Pacific smart warehousing market is expected to account for 27% of the revenue share by 2036. The significant increase in the use of technology across all sectors, with a view to improving customer experience and productivity, is leading to increasing market growth within the region. Furthermore, in the region, there is also a growing demand for automated warehouse processes to enhance productivity, efficiency and accuracy through smart warehousing hardware, solutions and services. Flexibility and potential for staff growth are enhanced by the Smart Warehouse technology that has been introduced.

Research Nester
Smart Warehouse Technologies Market Region
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Companies Dominating the Smart Warehousing Landscape

    • IBM Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Oracle Corporation
    • SAP SE
    • Infor, Inc.
    • Softeon
    • Korber AG
    • Manhattan Associates, Inc.
    • PTC, Inc.
    • Tecsys, Inc.
    • Epicor Software corporation

In the News

  • February 2022: Oracle unveiled its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). It joins shippers' supply networks with a unified suite of cloud business applications. The updates are for subsets in Oracle Fusion Cloud Global SCM-Oracle Transportation Management (OTM) & Oracle Trade Management (GTM)- & are motivated into helping shippers raise efficiency and value all over their global supply chains, and also reduce cost & risk, better experience of the customer, & also become more adaptable to business interruptions.
  • August 2021: Manhattan Associates released its new Order Management Digital Self-Service capabilities. It would offer new features like order cancellations, and enhanced order tracking & returns. In addition, Digital Self-Service has been created to join customers with retailers & same-day delivery services at the click of a button.

Author Credits:  Abhishek Verma

  • Report ID: 5313
  • Published Date: Oct 12, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for smartphones and Warehouse 4.0 are the major factors driving the growth of the smart warehousing market.

The market size of smart warehousing is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2024-2036.

The major players in the market are Oracle Corporation, SAP SE, Infor, Inc., Softeon, Korber AG, Manhattan Associates, Inc., PTC, Inc., Tecsys, Inc., Epicor Software corporation, and others.

The hardware segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Smart Warehousing Market Report Scope

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