According to the latest research report titled ‘Global Voice picking solution Market Size study, by Component (Software, Services ), by Vertical (Food & Beverage, Retail & E-commerce, Healthcare & Pharmaceutical, Logistics & Transportation, Automotive, Others), and Regional Forecasts 2020-2027’, available with Market Study Report, global voice picking solution market was evaluated at USD 1.4 billion in 2019 and is speculated to reach USD 4.2 billion by 2027, recording a y-o-y growth rate of 14.7% throughout.
 

Emphasis on adoption of solutions to improve supply chain efficacy, enhanced warehouse operations, increased efficiency & productivity of employees, and usefulness in outbound logistics processes are key factors driving the global voice picking solution market.
 

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For the unversed, voice picking system enables employees to connect with host systems and each other using headsets and portable voice terminals. Additionally, it helps employees to track all warehouse operations in real time and guides them through their daily work schedule.
 

Incorporating of strategies like partnerships, funding, investments, mergers, acquisitions, and launching products by leading companies provides them with a competitive edge, thus bolstering the market share.
 

Citing an instance, Honeywell International Inc., signed a contract with the U.S Defense Logistics Agency, according to which a picking solution providing vocal instructions to staff will be introduced in all distribution centers.
 

While growing use of smart devices create lucrative growth prospects for global voice picking solution market, high investment costs, and insufficiency of machine related awareness hinders industry proliferation.
 

Based on end-use vertical, worldwide voice picking solution market is divided into food & beverage, healthcare & pharmaceutical, automotive, logistics & transportation, and retail & e-commerce among others. According to component terrain, the industry is segregated into services, and software.
 

From the regional frame of reference, North America captured majority of global voice picking solution industry share in the past year, owing to presence of leading companies in the region.
 

Meanwhile, Asia Pacific market is projected to record the highest growth rate over the forecast timeframe, due to rising digitalization, and increasing use of smart devices to improve employee performance.
 

Well-known organizations in global voice picking solution market are Zetes Industries S.A./N.V., Voxware Inc., Ivanti, Dematic, Lucas Systems Inc., Bastian Solutions Inc., Honeywell International Inc., Zebra Technologies Corporation, Ehrhardt Partner Group, and Vioteq Ltd.