The Latin America, Middle East and Africa Logistics Automation Market would witness market growth of 16.3% CAGR during the forecast period (2020-2026). Automation in the logistics domain is considered as the utilization of machinery, control systems, and software to improve operations productivity.
It is generally implemented on the processes that should be carried out in a warehouse or distribution center, which needs zero or no human intervention. Enhanced customer service, organization control, scalability & speed, and a low number of errors are some of the primary advantages of automation logistics.
The rising adoption of IoT technology is assisting companies to produce, store, process, and share a massive amount of data with other connected equipment like sensors, radio frequency identification (RFID), and gateway. In addition, there has been a massive demand regarding connected technologies, smart devices, and applications. These are some of the major market trends witnessed across the world. IoT has a major role to play to augment, automation and connectivity which are allowing business enterprises to create cost-effective and productive warehouse units. Also, the growth of the logistics automation market would be boosted by the rising demand and benefits of IoT.
The Brazil market dominated the LAMEA Oil, Gas & Energy Logistics Automation Market by Country 2019, and would continue to be a dominant market till 2026. The Argentina market would witness a CAGR of 18.4% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 17.5% during (2020 - 2026).
The Warehouse & Storage Management market dominated the Saudi Arabia Logistics Automation Market by Function 2019, thereby, achieving a market value of $489 million by 2026. The Transportation Management market is expected to witness a CAGR of 19% during (2020 - 2026).
Based on Function, the market is segmented into Warehouse & Storage Management and Transportation Management. Based on Component, the market is segmented into Hardware, Software and Services. Software segment is further categorized across Warehouse Management System (WMS) Software and Transportation Management System (TMS) Software. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Third Party Logistics (3PL), FMCG, Retail & eCommerce, Manufacturing, Oil, Gas & Energy, Aerospace & Defense, Chemicals & Pharmaceuticals and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Logistics Automation Market in LAMEA is expected to register a CAGR of 16.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kion Group, Honeywell International, Inc., Daifuku Co., Limited, Knapp AG, Kuka AG, Murata Manufacturing Co., Ltd., Oracle Corporation, BEUMER Group GmbH & Co. KG, Manhattan Associates, Inc., and SSI Schaefer Group.
By Function
By Component
By Enterprise Size
By End User
By Country
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