Europe Voice Picking Solution Market Introduction and Overview
According to SPER Market Research, the Europe Voice Picking Solution Market is estimated to reach USD XX billion by 2033 with a CAGR of 14.76%.
The report includes an in-depth analysis of the Europe Voice Picking Solution Market, including market size and trends, product mix, distribution channels, and supplier analysis. Real-time communication between the distribution and warehouse management systems can be facilitated by voice-picking systems. Voice-based technology will specifically benefit distribution centers by reducing staff training time, improving efficiency and dependability, and ultimately streamlining warehouse operations. Thus, a voice picking system can assist warehouses in boosting revenue, serving a greater number of clients, and effectively managing inventory.
Market Opportunities and Challenges
Opportunities: The market for voice picking solutions is expected to develop due to the comprehensive solutions provided by voice picking solution providers, which include scanning devices and screen-based solutions. In the upcoming years, it is anticipated that the various drivers will expand due to the robust demand from a variety of end-use industries, including healthcare, e-commerce, the transportation industry, and growing opportunities in novel markets. In addition, the growing retail sector and the expansion of warehouses are driving the need for voice picking solutions. Growth in the market is mostly being driven by the increase in demand for voice-directed warehouse solutions. The market for voice picking solutions is growing as a result of the growing need for voice-based sophisticated communication devices to boost accuracy, productivity, and efficiency across manufacturing processes.
Challenges: However, the voice picking solution market will not grow as planned due to the high initial investment required to integrate voice solutions with all warehouse processes and the difficulties associated with adding new technologies. The market will also be further challenged by the lack of qualified workers and warehouse employees' lack of system knowledge. Additional factors that will act as market restraints and further impede the growth rate of the voice picking solution market include the high cost of the warehouse automation system in warehouse solutions.
Market Competitive Landscape
The Europe Voice Picking Solution Market is moderately consolidated. Some of the market key players are Ehrhardt + Partner Solutions Limited, Honeywell International, Inc., Ivanti, Inc., Kion Group, Korber AG, Lucas Systems, Inc., Panasonic Corporation (Zetes Industries SA/NV), Toyota Industries Corporation, Voxware, Inc., Zebra Technologies Corporation, Others
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Vertical
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| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe
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| Companies Covered | Ehrhardt + Partner Solutions Limited, Honeywell International, Inc., Ivanti, Inc., Kion Group, Korber AG, Lucas Systems, Inc., Panasonic Corporation (Zetes Industries SA/NV), Toyota Industries Corporation, Voxware, Inc., Zebra Technologies Corporation, Others. |
COVID-19 Impact on Europe Voice Picking Solution Market
The Voice Picking Solution market in Europe has been greatly affected by the COVID-19 epidemic, though in a variety of ways. Effective warehouse management solutions, such as voice picking systems, are in high demand because to the unexpected spike in e-commerce activity caused by lockdowns and social distancing measures. Many warehouses are using voice picking technology to improve their operations since they need to fulfill online orders reliably and fast. Voice picking solutions have been widely adopted in a number of industries, including retail, logistics, and healthcare, as a result of this.
Key Target Audience:
- Retailers
- Manufacturers
- E-commerce Companies
- Third-Party Logistics (3PL) Providers
- Transportation and Logistics Companies
- Food and Beverage Industry
- Healthcare Industry
- Automotive Industry
- Cold Storage Facilities
Our in-depth analysis of the Europe Voice Picking Solution Market includes the following segments:
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By Component: |
Software
Services
|
|
By End User: |
Food & Beverage
Retail & E-commerce
Healthcare & Pharmaceutical
Logistics & Transportation
Automotive
|
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By Region: |
UK
France
Germany
Italy
Spain
Rest of Europe
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Key Topics Covered in the Report:
- Europe Voice Picking Solution Market Size (FY’2024-FY’2033)
- Overview of Europe Voice Picking Solution Market
- Segmentation of Europe Voice Picking Solution Market By Component (Software, Services)
- Segmentation of Europe Voice Picking Solution Market By Vertical (Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive, Others)
- Expansion Analysis of Europe Voice Picking Solution Market
- Problems and Obstacles in Europe Voice Picking Solution Market
- Competitive Landscape in the Europe Voice Picking Solution Market
- Impact of COVID-19 and Demonetization on Europe Voice Picking Solution Market
- Details on Current Investment in Europe Voice Picking Solution Market
- Competitive Analysis of Europe Voice Picking Solution Market
- Prominent Players in the Europe Voice Picking Solution Market
- SWOT Analysis of Europe Voice Picking Solution Market
- Europe Voice Picking Solution Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Voice Picking Solution Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Voice Picking Solution Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Voice Picking Solution Market
7. Europe Voice Picking Solution Market, By Component (USD Million) 2020-2033
7.1. Europe Voice Picking Solution Market Size, Share and Forecast, By Component, 2020-2026
7.2. Europe Voice Picking Solution Market Size, Share and Forecast, By Component, 2027-2033
7.3. Software
7.4. Services
8. Europe Voice Picking Solution Market, By Vertical (USD Million) 2020-2033
8.1. Europe Voice Picking Solution Market Size, Share and Forecast, By Vertical, 2020-2026
8.2. Europe Voice Picking Solution Market Size, Share and Forecast, By Vertical, 2027-2033
8.3. Food & Beverage
8.4. Retail & E-commerce
8.5. Healthcare & Pharmaceutical
8.6. Logistics & Transportation
8.7. Automotive
8.8. Others
9. Europe Voice Picking Solution Market Forecast, 2020-2033 (USD Million)
9.1. Europe Voice Picking Solution Market Size and Market Share
10. Europe Voice Picking Solution Market, By Region, 2020-2033 (USD Million)
10.1. Europe Voice Picking Solution Market Size and Market Share By Region (2020-2026)
10.2. Europe Voice Picking Solution Market Size and Market Share By Region (2027-2033)
10.3. UK
10.4. France
10.5. Germany
10.6. Italy
10.7. Spain
10.8. Rest of Europe
11. Company Profile
11.1. Ehrhardt + Partner Solutions Limited
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Honeywell International, Inc.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Ivanti, Inc.
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Kion Group
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Korber AG
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Lucas Systems, Inc.
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Panasonic Corporation (Zetes Industries SA/NV)
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Toyota Industries Corporation
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Voxware, Inc.
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Zebra Technologies Corporation
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
