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Internet of Things in Warehouse Management Market to be Driven by Rising Preference for Goods-to-Person (GTP) Technology Across Warehouses Till 2025 | Million InsightsFELTON, California, May 27, 2020 /PRNewswire/ -- The global Internet of Things in Warehouse Management Market size is projected to touch USD 19.06 billion by the end of 2025, as per the report released by Million Insights. Factors such as increasing preference for Goods-to Person (GTP) technology across warehouses and growing automation of warehouse operations are predicted to bode well for the market growth over the forecast duration. Telematics plays a crucial role in developing advanced solutions for the floor level workforce. The rising application of fleet management by various transport operators is anticipated to drive the demand for telematics in the upcoming years. The penetration of telematics systems is projected to support companies in lowering their empty runs and fuel cost. IoT gateways offer secured channels for data transmission. They act as platforms for applications that process data. IoT also performs several other functions such as data filtering, device connectivity, protocol translation, updating, and security. The shifting preference for cloud-based platforms is projected to augment the product demand from 2016 to 2025. Please click here to get the sample pdf and find more details on "Internet of Things (IoT) in Warehouse Management Market" Report 2025. The EDI solution is anticipated to showcase steady growth in the upcoming years, owing to the rising need for data accuracy and consistency from the customers. The incorporation of the EDI is predicted to lower human errors and offer real-time information to consumers. The increasing penetration of smartphones equipped with sensors is projected to further drive the product demand over the estimated period. On the other hand, the use of a workforce management solution is expected to reduce the overall labor cost. The functions of workforce management solutions are workforce forecast and picking optimization. North America occupied a noticeable market share of more than 43.71% in 2015 and is further predicted to maintain its dominance over the forecast period. Factors such as increasing automation and high cost of labor are predicted to drive the market from 2016 to 2025. Also, the growing penetration of connected trucks is rojected to bode well for the market growth over the forecast duration. Further key findings from the report suggest:
Browse 100 page research report with TOC on "Global IoT in Warehouse Management Market" at: https://www.millioninsights.com/industry-reports/global-internet-of-things-iot-warehouse-management-market Million Insights has segmented the IoT in warehouse management market based on solution, device, service, and region:
Browse latest market research reports available with Million Insights: About Million Insights: Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive. Contact: Ryan Manuel
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