Voice Picking Solution Market Size Worth $8.85 Billion By 2032 | CAGR: 14.9%

Voice Picking Solution Market Size Worth $8.85 Billion By 2032 | CAGR: 14.9%


The global voice picking solution market size is expected to reach USD 8.85 billion by 2032, according to a new study by Polaris Market Research. The report “Voice Picking Solution Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Industry Vertical; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Voice picking solutions are used by warehouse workers to do an efficient job of picking and dropping inventory. It provides direct voice assistance on what item to pick, where the item is, and where to deliver it. Workers spoke verbally after the completion of every task. Technology is making the work of warehouse management efficient by adding more languages to the voice recognition system, which can cater to a larger number of workers without a language barrier.

DHL Supply Chain is investing 200 million euros in India to fuel its capacity in the region. This will add twelve million square feet of warehouse space to the existing group's portfolio. This expansion is to increase serving capacity in retail, life sciences, and e-commerce. This is driving the demand for voice picking solutions in the coming years. As more companies expand, they are more likely to adopt these solutions to improve the productivity of their warehouse operations.

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Voice picking solutions provide easier-to-understand voice prompts to warehouse workers by giving guidance in picking tasks and spotting the location of inventory deliveries. Warehouses manage a huge amount of inventory, which makes it harder for the warehouse operators to know everything about inventory. It even takes years to give training to the workers on inventory management in the warehouse. This voice-picking technology enables operators to do day-to-day pick-up and delivery tasks efficiently.

Growing e-commerce industries in developing countries are incentivizing warehouses to adopt voice picking solutions. E-commerce companies involved in perishable goods are focusing on distributing goods on time to increase consumer satisfaction with perishable goods. Zepto is a service company specializing in the retail of fresh fruits, cooking, and home essentials in India. To manage the delivery of goods on time, it facilitated micro-warehouses to deliver over 5,000 items. This growing interest in consumer satisfaction is fueling the need for voice-picking solutions, as it is helpful in finding and delivering products in a limited amount of time.

Voice Picking Solution Market Report Highlights

  • Software segment is anticipated to witness faster growth in the coming years due to its cost effectiveness and ability to operate remotely.
  • Retail & e-commerce segment accounted for the largest market share owing to the rising trend of low delivery time and higher customer satisfaction.
  • APAC is projected to register a higher growth rate in the study period owing to the growing e-commerce industry in this region.
  • Key players include Bastian Solutions, LLC, Business Computer Projects Ltd., Dematic, Ehrhardt + Partner Group, Honeywell International Inc., Ivanti, Korber AG, Lucas Systems, Peak Technologies, RFgen, SAP SE, Symphony RetailAI, Voxware, Inc., Zebra Technologies, Zetes

Polaris Market Research has segmented the voice picking solution market report based on component, industrial vertical and region:

Voice Picking Solution, Component Outlook (Revenue - USD Billion, 2019 - 2032)

  • Software
  • Services

Voice Picking Solution, Industrial Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

  • Food & Beverage
  • Retail & E-commerce
  • Healthcare & Pharmaceutical
  • Logistics & Transportation
  • Automotive
  • Others

Voice Picking Solution, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Voice Picking Solution Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 2.54 billion

Revenue forecast in 2032

USD 8.85 billion

CAGR

14.9% from 2023 - 2032

Base year

2022

Historical data

2019 - 2021

Forecast period

2023 - 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Component, By Industry Vertical, By Region

Regional scope

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

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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