by Angela Guess

A recent press release states, “According to the latest market study released by Technavio, the global IoT market in warehouse management is expected to grow at a CAGR of more than 30% during the predicted period. This research report titled ‘Global IoT Market in Warehouse Management 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.”

The release continues, “The increased adoption of wearable devices and goods-to-person technology and enhanced inventory and asset visibility using IoT are the factors that are expected to drive the growth of the global IoT market in warehouse management during the forecast period. The increasing use of wearable devices in the warehouses is expected to improve the growth of the IoT market in warehouse management because they provide better real-time data and also help in.”

It goes on, “The top three application segments of the global IoT market in warehouse management are discussed below: (1) Global IoT market in warehouse management by warehouse automation. The automated equipment is used to decrease and sometimes replace the need to handle material physically. Most material handling equipment are only semi-automated because an operator is needed for tasks like loading or unloading and operating the equipment.”

Read more at Business Wire.

Photo credit: Technavio