According to Transforma Insights the quantity of Inventory Management & Monitoring devices is projected to increase from 680 million in the year 2020 to 2.7 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 15%.
The significance and the reason for the growth of this technology have become evident, especially considering recent supply chain disruptions. IoT-driven inventory management presents a cost-effective and superior alternative, offering enhanced efficiency, accuracy, and timeliness compared to traditional approaches. As 13% of our 23,000 customers are from Logistics, including those enabling inventory management systems, we are sure that IoT is totally relevant to this specific use case.