Aug 17, 2020: The global warehouse order picking market size is expected to reach USD 11.16 billion by 2025, registering an estimated CAGR of 10.2% from 2019 to 2025 according to a new report by Grand View Research, Inc. The rising demand for automation in warehouses to reduce the response time and increase order fulfillment productivity is the key factor driving the market growth. Furthermore, the rapid development of the e-commerce industry has resulted in an increasing number of fulfillment centers worldwide, thereby boosting the deployment of order picking systems.
The order picking process is expected to account for 50-55% of the total warehouse operating cost. As a result, the warehouse industry has witnessed a tremendous technological shift wherein the traditional processes are now being replaced with semi-automated as well as automated solutions.
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Traditional methods, including paper-based picking (semi-automated systems), in which laborers are provided with batch sheets to pick parcel shipments, are being replaced with technologically upgraded solutions such as augmented reality-based and voice-based solutions. These solutions are anticipated to reduce the cost incurred, thereby improving the efficiency of the systems as well as lowering the response time.
On the other hand, globalization has resulted in the complexity of supply chain networks, owing to which companies are outsourcing their manufacturing and storage activities from third-party organizations. Moreover, the rising demand for managing supply chain operations has led companies to upgrade their product and service offerings to cater to the personalized requirements of end users, which would help them attain an extensive customer base.
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Further key findings from the study suggest:
- The barcode scanning/RFID based solutions segment accounted for over 25% of the total revenue share in the market
- The cloud segment is expected to grow at a significant rate over the next six years owing to its ability to track logistics in real-time and reduce the margin of errors, thereby improving the efficiency and productivity of warehouses
- North America accounted for the largest revenue share in 2018 and is anticipated to continue dominating the warehouse order picking market over the forecast period
- Key players operating in the market include Sanderson, Barcodes, Inc., KNAPP AG, Bastian Solutions, Inc., AB&R, and QC Software, LLC.
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Augmented Reality in Aerospace is helping speed manufacturing processes, even in highly complex applications that used to require extensive ramp-up times: https://www.scopear.com/augmented-reality-in-aerospace-helping-speed-manufacturing-processes/
The data included in this Augmented Reality Software Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Augmented Reality Software Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.Global Augmented Reality Software Market accounted for USD 8.51 billion in 2018 to an estimated value of USD 333.8 billion growing at a CAGR of 58.20% during the forecast period of 2019 to 2026Get Access to PDF Sample of Global Augmented Reality Software Market Size, Status and Forecast 2019-2026 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-augmented-reality-software-marketAugmented Reality Software Market ScenarioAccording to Data Bridge Market Research the market for augmented reality software has opted a leaping growth in the technological and artificial engineering sector which are helping the e-commerce and retail stores for building a user-friendly interface from which their clients’ or customers can take benefit of hassle free experience of buying or selling of goods or products.
On the basis of vertical, augmented reality software market is segmented as consumer, commercial, and enterprise, medical, aerospace and defense, oil and gas, mining, telecom and IT/data centers.Augmented reality is an interface which allows the user to intercept and experience a realistic atmosphere where the receiver who stays in the actual environment is addressed by computer-created or digitally generated perceptual message.
There is basic difference between virtual reality and augmented reality software, augmented reality software differs from virtual reality, in virtual reality complete new artificial ecosystem gets generated but in AR the current context goes in an overlay with new knowledge top of it.Key vendors operating in the market:Atheer, Inc., Augmate Corporation,Hewlett-Packard Development Company.
L.P.,Blippar,Catchoom,DAQRI,EON Reality Inc.,Immerseport,Infinity Augmented Reality,Inglobe Technologies,Jbknowledge, Inc. (US),Kudan (U.K.),Magic Leap, Inc.,Marxent Labs LLC,Mortar Studios (Australia),PTC, Inc.,Pristine Inc.,Re’flekt GmbH (Germany),Scope AR (Canada),Ubimax GmbH,Upskill,Viewar GmbH (Austria),Wear S.R.L.
The report includes market shares of Augmented Reality Software market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.Focal points covered in this Augmented Reality Software Market reportThis Augmented Reality Software Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
