The global market for IoT in warehouse management was estimated at $6.7 billion in 2023 and is projected to reach $17.8 billion by 2030, according to a new report from ResearchandMarkets. This translates to a CAGR of 15% from 2023 to 2030.
As e-commerce and global trade continue to grow, IoT solutions are becoming essential for managing complex warehouse operations.
Uses of warehouse management technology include automating inventory tracking, improving operational efficiency, and enhancing supply chain visibility.
IoT-powered devices such as RFID tags, smart shelves, and connected sensors enable real-time tracking of goods within warehouses, reducing errors, streamlining workflows, and optimizing storage space.
These devices provide continuous data on inventory levels, asset location, and equipment performance, helping warehouse managers make data-driven decisions. IoT-enabled systems can also automate tasks such as order picking, packaging, and shipping, reducing labor costs and improving the speed and accuracy of order fulfillment.
Additional technological innovations in robotics and AI-driven analytics are further fueling market growth by enabling more efficient asset management and faster order fulfillment.
This focus on supply chain visibility and the need for real-time data to optimize logistics and inventory management are driving investments in IoT-enabled warehouse management systems.
Additionally, advancements in RFID and Bluetooth Low Energy (BLE) beacons are improving real-time asset tracking, ensuring that goods are accurately located and managed throughout the supply chain. These technologies are making IoT-enabled warehouse management systems more intelligent, responsive, and capable of meeting the demands of modern logistics operations.
End-users include e-commerce companies, logistics providers, and manufacturers, with e-commerce driving significant demand for IoT solutions due to the need for fast, accurate order fulfillment in large-scale operations.
The market is growing rapidly in regions such as North America and Asia-Pacific, where the rise of e-commerce and globalization are pushing companies to invest in smart warehouse solutions.
