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 7% 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.
Explore the key players in the Inventory management market:
Vendor | Geographical Region | Website |
|---|---|---|
Zebra Technologies | North America, Europe | |
Honeywell | North America, Europe | |
Datalogic | North America, Europe | |
Trimble | North America, Europe | |
Motorola Solutions | North America, Europe | |
CipherLab | North America, Asia | |
Janam Technologies | North America, Europe | |
Intermec (by Honeywell) | North America, Europe | |
Denso Wave | North America, Asia | |
TSC Auto ID | North America, Asia |
Note: The list makes no claim to completeness.
Find out the top inventory management applications that imply the use of IoT technology:
Application | Description |
|---|---|
| Retail Inventory Management | Efficiently tracking and managing stock levels in retail stores. |
| Supply Chain Optimization | Enhancing end-to-end visibility of products and assets within the supply chain. |
| Warehouse Automation | Streamlining warehouse operations and inventory tracking. |
| Cold Chain Management | Ensuring the integrity and safety of temperature-sensitive goods during transport and storage. |
| Vendor-Managed Inventory (VMI) | Allowing suppliers to monitor and replenish inventory at customer locations. |
| E-commerce Fulfillment | Optimizing order picking, packing, and shipping processes for online retailers. |
| Food and Beverage Inventory | Ensuring the freshness and availability of perishable goods in the food industry. |
| Pharmaceutical Inventory | Maintaining the strict control and monitoring of pharmaceutical products. |
| Agricultural Inventory | Monitoring inventory levels in farming, including crops and equipment. |
Learn more about IoT in Transport & Logistics and explore Customer Insights.
Visit the 1NCE Shop and start connecting your IoT devices easily. Simply order your SIM cards, choose the desired type of SIM card and fill out all required forms. After the payment has been approved you get your cards within seven to ten business days.
