How is IoT transforming warehouse management?

The Industrial Internet of Things (IIoT) uses connected smart devices in industrial applications, aiming to improve process efficiency and performance. Efficient warehouse monitoring, error reduction, lower returns, better visibility of assets, improved customer experience and faster shipping are some of the main benefits of a smart warehouse. IoT is revolutionary for all aspects of the supply chain, from transportation and storage to more complex operations, making it a huge opportunity for solution providers. Read the latest statistics about how smart IoT technology is changing warehouses across the globe.

The global smart warehousing market size was estimated at USD 15.90 billion in 2020 and is expected to reach USD 18.44 billion in 2021, at a CAGR of 16.44% to reach USD 46.15 billion by 2027.

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