Voice Picking Solution Market Size, Share & Trends Analysis Report By Component, By Industry Vertical (Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive), And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global voice picking solution market size is expected to reach USD 3.0 billion by 2025, registering a CAGR of 14.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. The number of warehouses and distribution centers operating across the world is increasing rapidly in line with the growing online groceries sales; policies, such as next-day delivery, being pursued by retailers; and the subsequent growth of the eCommerce and retail industries. As a result, organizations are aggressively adopting various solutions, such as voice picking solutions, to meet the customers' requirements. Changing consumer behavior and the growing emphasis on customer satisfaction is also prompting enterprises to opt for a voice picking solution.

Companies operating in several industry verticals are implementing some or the other kind of voice picking solution to enhance their warehouse operations. A voice picking solution is particularly used to assist in the picking process, among other tasks. It can also be integrated with RF scanning to overhaul the entire process. A typical can work efficiently even in the noisiest warehouse environments. Moreover, it is also offered with software to support multiple languages, thereby eliminating the communication barrier. Such a flexible nature is widening the application portfolio of these solutions to cover diverse industry verticals, including transportation & logistics, retail, and food & beverage, among others.

A voice picking solution can facilitate real-time communication between the warehouse management system and the distribution system. The use of voice-based technology can particularly help distribution centers in improving accuracy and productivity, reducing employee training time, and subsequently optimizing the warehouse operations. As such, a voice picking solution can help warehouses in augmenting revenues, increasing the number of customers served, and managing the inventory efficiently. All these factors are expected to contribute significantly to encourage the adoption of voice picking solutions and drive the market growth over the forecast period.

Further key findings from the report suggest:

• The software segment dominated the voice picking solution market in 2018 as large e-commerce companies emphasized on speeding up product delivery and realizing a higher return on investment

• Benefits, such as increase worker satisfaction, enhanced customer service levels, and higher throughput, associated with voice-directed solutions are driving the market growth

• Several retail companies and manufacturing and distribution companies are deploying a voice picking solution to reduce the cost of operations and augment the profitability

• The Asia Pacific regional market has been gaining traction over the past few years in line with the growing emphasis on enhancing the efficiency of the warehouses in the region

• Key players in the market include Bastian Solutions, Inc.; Dematic; Ehrhardt + Partner Solutions Limited; Honeywell International Inc.; Ivanti; Lucas Systems; Voiteq; Voxware; Zebra Technologies Corp.; and ZETES, among others.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Information Procurement and Research Scope
                 1.2 Information Analysis
                 1.3 Market Formulation & Data Visualization
                 1.4 Market Definition
                 1.5 Market Scope and Assumptions
                     1.5.1 Secondary sources
                     1.5.2 Primary sources
Chapter 2 Executive Summary
                 2.1 Market Outlook
Chapter 3 Voice Picking Solution Market Variables, Trends & Scope
                 3.1 Market Segmentation & Scope
                 3.2 Penetration & Growth Prospect Mapping
                 3.3 Value Chain Analysis
                 3.4 Market Dynamics
                     3.4.1 Market drivers
                         3.4.1.1 Increasing efficiency warehouse operations
                         3.4.1.2 Improved operational agility
                         3.4.1.3 Increasing adoption across diversified industry vertical 
                     3.4.2 Market Restraints
                         3.4.2.1 Lack of awareness 
                 3.5 Technology Overview
                 3.6 Industry Analysis - Porter's
                     3.6.1 Supplier power: High
                     3.6.2 Buyer power: Moderate
                     3.6.3 Substitution threat: Low
                     3.6.4 Threat from new entrant: Low
                     3.6.5 Competitive rivalry: High
                 3.7 Voice Picking Solution - PESTEL Analysis
                     3.7.1 Political
                     3.7.2 Economic
                     3.7.3 Social
                     3.7.4 Technological
                     3.7.5 Environmental
                     3.7.6 Legal
                 3.8 Major Deals and Strategic Alliances, 2018
                     3.8.1 Mergers and acquisitions
Chapter 4 Voice Picking Solution: Component Outlook
                 4.1 Software
                     4.1.1 Software voice picking solution market, by region, 2014 - 2025
                 4.2 Services
                     4.2.1 Services voice picking solution market, by region, 2014 - 2025
Chapter 5 Voice Picking Solution: Industry Vertical Outlook
                 5.1 Food & Beverage 
                     5.1.1 Food & beverage voice picking solution market, by region, 2014 - 2025
                 5.2 Retail & E-commerce
                     5.2.1 Retail & e-commerce voice picking solution market, by region, 2014 - 2025
                 5.3 Healthcare & Pharmaceutical
                     5.3.1 Healthcare & pharmaceutical voice picking solution market, by region, 2014 - 2025
                 5.4 Logistics & Transportation
                     5.4.1 Logistics & transportation voice picking solution market, by region, 2014 - 2025
                 5.5 Automotive
                     5.5.1 Automotive voice picking solution market, by region, 2014 - 2025
                 5.6 Others
                     5.6.1 Others voice picking solution market, by region, 2014 - 2025
Chapter 6 Voice Picking Solution: Regional Outlook
                 6.1 Regional Trends
                 6.2 North America
                     6.2.1 North America voice picking solution market, by component, 2014 - 2025
                     6.2.2 North America voice picking solution market, by industry vertical, 2014 - 2025
                     6.2.3 U.S. 
                         6.2.3.1 U.S. voice picking solution market, by component, 2014 - 2025
                         6.2.3.2 U.S. voice picking solution market, by industry vertical, 2014 - 2025
                     6.2.4 CANADA
                         6.2.4.1 Canada voice picking solution market, by component, 2014 - 2025
                         6.2.4.2 Canada voice picking solution market, by industry vertical, 2014 - 2025
                     6.2.5 Mexico
                         6.2.5.1 Mexico voice picking solution market, by component, 2014 - 2025
                         6.2.5.2 Mexico voice picking solution market, by industry vertical, 2014 - 2025
                 6.3 Europe
                     6.3.1 Europe voice picking solution market, by component, 2014 - 2025
                     6.3.2 Europe voice picking solution market, by industry vertical, 2014 - 2025
                     6.3.3 Germany
                         6.3.3.1 Germany voice picking solution market, by component, 2014 - 2025
                         6.3.3.2 Germany voice picking solution market, by industry vertical, 2014 - 2025
                     6.3.4 U.K.
                         6.3.4.1 U.K. voice picking solution market, by component, 2014 - 2025
                         6.3.4.2 U.K. voice picking solution market, by industry vertical, 2014 - 2025
                     6.3.5 France
                         6.3.5.1 France voice picking solution market, by component, 2014 - 2025
                         6.3.5.2 France voice picking solution market, by industry vertical, 2014 - 2025
                 6.4 Asia Pacific
                     6.4.1 Asia Pacific voice picking solution market, by component, 2014 - 2025
                     6.4.2 Asia Pacific voice picking solution market, by industry vertical, 2014 - 2025
                     6.4.3 China
                         6.4.3.1 China voice picking solution market, by component, 2014 - 2025
                         6.4.3.2 China voice picking solution market, by industry vertical, 2014 - 2025
                     6.4.4 Japan
                         6.4.4.1 Japan voice picking solution market, by component, 2014 - 2025
                         6.4.4.2 Japan voice picking solution market, by industry vertical, 2014 - 2025
                     6.4.5 India
                         6.4.5.1 India voice picking solution market, by component, 2014 - 2025
                         6.4.5.2 India voice picking solution market, by industry vertical, 2014 - 2025
                 6.5 South America
                     6.5.1 South America voice picking solution market, by component, 2014 - 2025
                     6.5.2 South America voice picking solution market, by industry vertical, 2014 - 2025
                     6.5.3 Brazil
                         6.5.3.1 Brazil voice picking solution market, by component, 2014 - 2025
                         6.5.3.2 Brazil voice picking solution market, by industry vertical, 2014 - 2025
                 6.6 MEA
                     6.6.1 MEA voice picking solution market, by component, 2014 - 2025
                     6.6.2 MEA voice picking solution market, by industry vertical, 2014 - 2025
Chapter 7 Competitive Landscape
                 7.1 Bastian Solutions, Inc.
                     7.1.1 Company overview
                     7.1.2 Financial performance
                     7.1.3 Product benchmarking
                     7.1.4 Recent developments
                 7.2 Dematic
                     7.2.1 Company overview
                 7.3 Ehrhardt + Partner Solutions Limited
                     7.3.1 Company overview
                     7.3.2 Financial performance
                     7.3.3 Product benchmarking
                     7.3.4 Recent developments
                 7.4 Honeywell Interational Inc.
                     7.4.1 Company overview
                     7.4.2 Financial performance
                     7.4.4 Product benchmarking
                     7.4.5 Recent developments
                 7.5 Ivanti
                     7.5.1 Company overview
                     7.5.2 Financial performance
                     7.5.4 Product benchmarking
                     7.5.5 Recent developments
                 7.6 Lucas systems
                     7.6.1 Company overview
                     7.6.2 Financial performance
                     7.6.3 Product benchmarking
                     7.6.4 Recent developments
                 7.7 Voiteq
                     7.7.1 Company overview
                     7.7.2 Financial performance
                     7.7.3 Product benchmarking
                     7.7.4 Recent developments
                 7.8 Voxware 
                     7.8.1 Company overview
                     7.8.2 Financial performance
                     7.8.3 Product benchmarking
                     7.8.4 Recent developments
                 7.9 Zebra Technologies Corp.
                     7.9.1 Company overview
                     7.9.2 Financial performance
                     7.9.3 Product benchmarking
                     7.9.4 Recent developments
                 7.10 ZETES 
                     7.10.1 Company overview
                     7.10.2 Financial performance
                     7.10.3 Product benchmarking
                     7.10.4 Recent developments

List of Tables

Table 1 Voice picking solution market - Industry snapshot & key buying criteria, 2014 - 2025
Table 2 Voice picking solution market segmentation
Table 3 Key market driver impact
Table 4 Key market restraint impact
Table 5 Software voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 6 Services voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 7 Food & beverage voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 8 Retail & e-commerce voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 9 Healthcare & pharmaceutical voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 10 Logistics & transportation voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 11 Automotive voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 12 Others voice picking solution market, by region, 2014 - 2025 (USD Million)
Table 13 North America voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 14 North America voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 15 North America voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 16 North America voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 17 U.S. voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 18 U.S. voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 19 U.S. voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 20 U.S. voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 21 Canada voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 22 Canada voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 23 Canada voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 24 Canada voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 25 Mexico voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 26 Mexico voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 27 Mexico voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 28 Mexico voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 29 Europe voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 30 Europe voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 31 Europe voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 32 Europe voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 33 Germany voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 34 Germany voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 35 Germany voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 36 Germany voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 37 U.K. voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 38 U.K. voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 39 U.K. voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 40 U.K. voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 41 France voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 42 France voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 43 France voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 44 France voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 45 Asia Pacific voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 46 Asia Pacific voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 47 Asia Pacific voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 48 Asia Pacific voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 49 China voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 50 China voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 51 China voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 52 China voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 53 Japan voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 54 Japan voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 55 Japan voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 56 Japan voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 57 India voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 58 India voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 59 India voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 60 India voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 61 South America voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 62 South America voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 63 South America voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 64 South America voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 65 Brazil voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 66 Brazil voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 67 Brazil voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 68 Brazil voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)
Table 69 MEA voice picking solution market, by component, 2014 - 2025 (USD Million)
Table 70 MEA voice picking solution market, by software, 2014 - 2025 (USD Million)
Table 71 MEA voice picking solution market, by services, 2014 - 2025 (USD Million)
Table 72 MEA voice picking solution market, by industry vertical, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Research process
Fig. 2 Market formulation
Fig. 3 Key opportunity Analysis
Fig. 4 Value chain analysis
Fig. 5 Voice picking solution market dynamics