Middle East & Africa Smart Warehousing Market Outlook, 2029
The Middle East & Africa Smart Warehousing Market is segmented into By Components (Hardware, Software, Solution), By Hardware (RFID, Wireless Sensor Networks, Real-time Location Systems, Conveyor System, Robots and Automated Guided Vehicles (AGVs), Autonomous Mobile Robots, Other Hardware), By Software (Warehouse Management System (WMS) Software, Workforce Management software, Inventory Management System, Warehouse Control System (WCS), Other Software, By Solution (Professional Service, Managed Service), By Development model (On Premises, Cloud), By Technology (IoT (Internet of Things), Robotics and Automation, AI and Analytics, Networking & Communications, AR and VR, Other Technologies), By Application (Inventory Management, Order Fulfillment, Asset Tracking, Predictive Analytics, Other Applications), By Warehouse Size (Small (5000-15000 Sq Ft), Medium (50000- 100000 Sq Ft), Large (100000+ Sq Ft)), By End Users (Retail & e-commerce, Manufacturing, Automotive, Healthcare, Food & beverages, Logistics & transportation, Others).
- Bonafide Research
- 31-01-2024
- Pages : 79
- Figures : 12
- Tables : 21
- Region : MEA
- Category : IT & Telecommunications
- Telecommunications & Networks
The Middle East & Africa Smart Warehousing market is projected to reach market size of more than USD 1.44 Billion by 2029 due to Expansion of retail sector.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2029) USD 1.44 Billion
- Largest MarketSaudi Arabia
- Fastest Market United Arab Emirates
- Format
Featured Companies
- 1. Honeywell International Inc.
- 2. Oracle Corporation
- 3. Sap SE
- 4. ABB Group
- 5. IBM Corporation
- 6. Epicor Software Corporation
- More...
Smart Warehousing Market Market Analysis
The Middle East and Africa region has seen a significant increase in the adoption of smart warehousing solutions, but at a slower rate than other worldwide regions. The Middle East & Africa smart warehousing market is distinguished by a convergence of technical breakthroughs, infrastructure development, and altering logistics environments across many countries. The Middle East and Africa are witnessing a tremendous digital revolution that is gradually penetrating the logistics and storage industries. Nations such as the United Arab Emirates (UAE), Saudi Arabia, South Africa, and Kenya are at the forefront of modernizing their supply chain processes by embracing advanced technologies. Adoption of smart storage solutions is regarded as a vital step toward improving efficiency and meeting the demands of continuously increasing markets. Several Middle East & Africa countries are substantially investing in infrastructure development, including logistics and warehousing facilities. Countries such as the UAE are developing free trade zones and logistics hubs outfitted with cutting-edge technology in order to attract foreign investment and facilitate regional trade. IoT devices, RFID tracking, and automated storage systems are among the smart warehousing technologies gaining ground in the Middle East & Africa logistics sector. These technologies allow for real-time tracking of items, efficient inventory management, and streamlined warehouse operations, all of which improve the overall logistics process. The Middle East & Africa region is varied, and market dynamics differ greatly between countries. The UAE, for instance, is fast adopting cutting-edge technologies such as robotics and AI-driven automation in warehouses due to its strategic location and focus on becoming a global logistics hub. Meanwhile, while the adoption rate in countries such as Kenya and South Africa is slower due to infrastructural problems, there is a rising realization of the value of smart storage for economic development. According to the research report "Middle East & Africa Smart Warehousing Market Outlook, 2029," published by Bonafide Research, the Middle East & Africa Smart Warehousing market is projected to reach market size of more than USD 1.44 Billion by 2029. The Middle East & Africa region is rapidly urbanizing and growing in population, resulting in a spike in consumer markets. The advent of a growing middle class and rising disposable incomes have fueled demand for goods, necessitating the need for smart warehousing solutions to manage inventory, streamline distribution, and assure timely delivery in congested urban areas. Several Middle East & Africa countries, like the UAE, Saudi Arabia, and Kenya, are investing heavily in infrastructure development, including logistics and warehousing facilities. The creation of free trade zones, logistics parks, and multimodal transportation hubs outfitted with smart storage technology aims to attract foreign investment, encourage economic growth, and boost the region's global trade competitiveness. The rate of technological adoption varies across the Middle East & Africa region because of differences in economic growth and infrastructure. While some countries embrace cutting-edge technology such as robotics, AI-driven automation, and IoT-enabled systems in their warehouses, others are gradually introducing similar advancements, often adjusting them to meet local requirements and limits. Several nations in the Middle East & Africa region have developed special economic zones and innovation hubs to serve as catalysts for technical improvements in storage. These zones, such as Dubai's Jebel Ali Free Zone and Kenya's Konza Techno City, attract enterprises by providing incentives and cultivating an environment suited to experimenting with and deploying smart storage solutions.
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Major Drivers Government initiatives and digital transformation: Government initiatives and a push for digital transformation are important drivers of the Middle Eastern and African smart warehousing market. Several governments in the region are actively pushing digitalization and the use of innovative technology to boost economic growth and competitiveness. This involves endeavors to convert traditional warehouses into smart, networked, and digitally enabled facilities. Government assistance, combined with incentives for technology adoption, is driving businesses across industries to invest in smart storage systems. As a result, businesses are increasingly utilizing technologies like the Internet of Things (IoT), artificial intelligence (AI), and cloud computing to modernize their warehouse operations and align with regional digital transformation goals. Strategic importance as global logistics hubs: The Middle East, in particular, serves as a worldwide logistics and commercial hub, connecting diverse locations throughout the world. The Middle East and Africa region's key position in global supply chains is encouraging the use of smart warehousing solutions. Large warehouses in key logistics centers are using cutting-edge technologies to manage the complexity of international trade, efficiently handle cross-border shipments, and improve overall logistics operations. To preserve their strategic position in the global trade scene, firms are investing in smart warehousing solutions that provide seamless connectivity, real-time insight, and sophisticated supply chain management. This distinct feature propels the Middle East & Africa smart warehousing market to the forefront of innovation in global logistics and supply chain management. Major Challenges Logistical infrastructure variability: One of the major obstacles in the Middle East & Africa smart warehousing market is the heterogeneity of logistical infrastructure across nations. While some countries have sophisticated logistics and transportation systems, others have challenges in terms of connectivity, road networks, and customs procedures. This variability hinders the universal adoption of smart warehousing solutions, necessitating bespoke approaches to solve unique infrastructural constraints in each location. Geopolitical instability and security concerns: Geopolitical instability in certain parts of the MEA region complicates the deployment and sustainability of smart storage solutions. Ongoing political uncertainty, regional conflicts, and security concerns can interrupt supply chains and jeopardize the safe operation of smart warehouses. Companies must negotiate these hurdles and establish effective risk management techniques to maintain continuity and security.
Smart Warehousing Market Segmentation
| By Components | Hardware | |
| Software | ||
| Solution | ||
| By Hardware | RFID | |
| Wireless Sensor Networks | ||
| Real-time Location Systems | ||
| Conveyor System | ||
| Robots and Automated Guided Vehicles (AGVs) | ||
| Autonomous Mobile Robots | ||
| Other Hardwares | ||
| By Software | Warehouse Management System (WMS) Software | |
| Workforce Management software | ||
| Inventory Management System | ||
| Warehhouse Control System (WCS) | ||
| Other Softwares | ||
| By Solution | Professional Service | |
| Managed Service | ||
| By Development model | On Premises | |
| Cloud | ||
| By Technology | IoT (Internet of Things) | |
| Robotics and Automation | ||
| AI and Analytics | ||
| Networking & Communications | ||
| AR and VR | ||
| Other Technologies | ||
| By Application | Inventory Management | |
| Order Fulfillment | ||
| Asset Tracking | ||
| Predictive Analytics | ||
| Other Applications | ||
| By Warehouse size | Small (5000-15000 Sq Ft) | |
| Medium (50000- 100000 Sq Ft) | ||
| Large (100000+ Sq Ft) | ||
| By End user | Retail & e-commerce | |
| Manufacturing | ||
| Automotive | ||
| Healthcare | ||
| Food & beverages | ||
| Logistics & transportation | ||
| Others | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
In terms of components segment market is divided into hardware, software and services. Software component is expected to grow at rapid pace in Middle East & Africa Smart warehousing market. Based on deployment model segment market is segment into on-premises and cloud. There is a rising knowledge and understanding of the advantages that software components like warehouse management systems (WMS), inventory management software, and analytics tools can provide for smart warehousing. As Middle East & Africa organizations gain greater knowledge of these technologies, they are more inclined to invest in modern software solutions. The e-commerce business in the Middle East and Africa has been rapidly expanding. As a result, businesses are striving to optimize their warehousing operations to satisfy the growing need for fast and precise order fulfillment. Smart warehouse software is vital for effectively managing complicated e-commerce logistics. The Middle East, in particular, acts as an important center for global trade and logistics. Smart warehouse software is critical to handling the intricacies of multinational supply chains and ensuring the timely and accurate movement of goods across borders. Cloud-based smart warehousing systems provide scalability, allowing organizations to effortlessly scale their operations up or down in response to changing demand. This adaptability is especially critical for Middle East & Africa enterprises coping with changing seasonal needs or variable market conditions. Cloud-based solutions can be deployed more quickly than on-premises options. This speedy deployment is advantageous for Middle East & Africa organizations looking to improve their smart warehousing systems without significant implementation periods. Based on technology market includes IoT (Internet of Things), robotics and automation, AI and analytics, networking & communications, AR and VR, and other technologies. AI and analytics technology is predicted to grow at rapid pace in Middle East & Africa smart warehousing market. Based on application segment market is segmented into inventory management, order fulfillment, asset tracking, predictive analytics, and other applications. AI and analytics technology dramatically improve operational efficiency in smart warehousing. Middle East & Africa organizations are increasingly recognizing the value of these technologies in automating operations, optimizing workflows, and improving overall efficiency. Analytics solutions enable data-driven decision-making by providing information on numerous areas of warehouse operations. Middle East & Africa organizations are investing in analytics to optimize inventory management, improve order fulfillment procedures, and make real-time strategic decisions. AI is critical to the integration of automation and robotics in smart warehouses. Middle East & Africa enterprises are anticipated to invest in AI-powered robotic devices to perform operations like picking, packing, and sorting, resulting in increased operational efficiency. The Middle East & Africa region has seen substantial growth in e-commerce. Smart warehousing is critical to satisfying e-commerce needs by streamlining order fulfillment operations and ensuring that online orders are processed quickly and accurately. Consumer’s expectations for speedy and precise order fulfillment have increased as e-commerce has grown in popularity. Smart warehouse technology, such as automation, robotics, and advanced analytics, helps organizations satisfy these requirements while still providing a great customer experience. Smart warehouse solutions simplify order processing, lowering the time required to pick, pack, and ship products. Automation, robotics, and streamlined workflows help to increase the efficiency and speed of order fulfillment processes. Based on warehouse size segment includes small (5000-15000 Sq Ft), medium (50000- 100000 Sq Ft), and large (100000+ Sq Ft). Large (100000+ Sq Ft) warehouse size segment is expected to lead the Middle East & Africa smart warehousing market. Based on end user segment market includes retail & e-commerce, manufacturing, automotive, healthcare, food & beverages, logistics & transportation, and others. Retail & e-commerce end user segment is expected to grow at rapid pace in Middle East & Africa smart warehousing market. Large warehouses can manage larger volumes of goods and a wider selection of products. This scale of operations makes it easier to integrate new technology and smart warehousing systems. The sheer size enables the implementation of automation, robots, and other novel technologies that improve efficiency. Large warehouses provide greater freedom in structure and architecture, allowing for more effective organization of storage rooms, picking zones, and automated pathways. This adaptability is critical for optimizing workflow and facilitating the use of emerging technologies in smart warehousing. Some of the major warehouses in the Middle East & Africa region serve as critical distribution centers for both domestic and international supply chains. These hubs greatly benefit from smart warehousing systems, which improve the speed, accuracy, and efficiency of distribution processes. The Middle East & Africa region has seen a substantial increase in e-commerce operations. The growing popularity of online shopping and the proliferation of e-commerce platforms are driving demand for smart warehousing solutions. Retailers and e-commerce enterprises are investing in technologies to improve supply chain operations in response to the growing demand for quick and efficient order fulfillment. With the growing demand for same-day and next-day delivery services in the Middle East & Africa region, retailers and e-commerce enterprises are implementing smart warehouse technologies to speed up order processing. Smart warehouses can automate the picking, packing, and sorting processes, resulting in faster delivery times.
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Smart Warehousing Market Market Regional Insights
Based on report market is divided into three major countries, United Arab Emirates, Saudi Arabia, and South Africa. Saudi Arabia is expected to lead the Middle East & Africa smart warehousing market. The Saudi Arabian market for smart storage reflects the country's commitment to modernizing its supply chain and logistics infrastructure and leveraging cutting-edge technology to meet the demands of the country's burgeoning e-commerce industry as well as a rapidly changing economy. Because of its good geographic location and aims for economic diversification, Saudi Arabia maintains a major place in the region's logistics environment. Vision 2030 is an all-encompassing strategy aimed at diversifying Saudi Arabia's economy away from its dependency on oil. This strategy is primarily reliant on the logistics industry, which is focused on improving infrastructure, enhancing productivity, and introducing cutting-edge technologies into supply chain operations. Saudi Arabia is strategically located to serve as a key logistical and commercial hub for the region. Saudi Arabia's establishment of free zones and special economic zones for warehousing and logistics attracts foreign money and fosters global trade. By providing incentives and simplifying regulations, these zones foster an environment conducive to the establishment of intelligent warehousing facilities. The Kingdom is a digital transformation leader, which is visible in the warehousing business. The use of digital platforms, cloud-based solutions, and big data analytics in supply chain management enables real-time decision-making, optimizes inventory control, and transforms warehouse operations. Cultural values and religious practices influence several aspects of warehouse operations in Saudi Arabia. For instance, halal compliance and worker observance of prayer hours may have an impact on scheduling and operational procedures in warehouses, requiring tailored management and operations strategies.
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Companies Mentioned
- Honeywell International Inc.
- Oracle Corporation
- Sap SE
- ABB Group
- IBM Corporation
- Epicor Software Corporation
- PTC
- Zebra Technologies Corporation
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Smart Factory Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Component
- 5.4. Market Size and Forecast, By Technology
- 5.5. Market Size and Forecast, By Industry
- 5.6. Market Size and Forecast, By Process Industry
- 5.7. Market Size and Forecast, By Discrete Industry
- 6. Middle East & Africa Smart Factory Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Component
- 6.4. Market Size and Forecast, By Technology
- 6.5. Market Size and Forecast, By Industry
- 6.6. Market Size and Forecast, By Process Industry
- 6.7. Market Size and Forecast, By Discrete Industry
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. UAE Smart Factory Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Component
- 7.8.3. Market Size and Forecast By Industry
- 7.9. Saudi Arabia Smart Factory Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Component
- 7.9.3. Market Size and Forecast By Industry
- 7.10. South Africa Smart Factory Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Component
- 7.10.3. Market Size and Forecast By Industry
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Honeywell International Inc.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Siemens AG
- 8.5.3. Schneider Electric SE
- 8.5.4. ABB Ltd.
- 8.5.5. General Electric Company
- 8.5.6. Rockwell Automation, Inc.
- 8.5.7. Emerson Electric Co.
- 8.5.8. FANUC Corporation
- 8.5.9. Bosch Rexroth AG
- 8.5.10. Johnson Controls International
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 1: Global Smart Factory Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Smart Factory Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 6: Global Smart Factory Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 7: Global Smart Factory Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 8: Global Smart Factory Market Size and Forecast, By Process Industry (2018 to 2029F) (In USD Billion)
Table 9: Global Smart Factory Market Size and Forecast, By Discrete Industry (2018 to 2029F) (In USD Billion)
Table 10: Middle East & Africa Smart Factory Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 11: Middle East & Africa Smart Factory Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 12: Middle East & Africa Smart Factory Market Size and Forecast, By Industry (2018 to 2029F) (In USD Billion)
Table 13: Middle East & Africa Smart Factory Market Size and Forecast, By Process Industry (2018 to 2029F) (In USD Billion)
Table 14: Middle East & Africa Smart Factory Market Size and Forecast, By Discrete Industry (2018 to 2029F) (In USD Billion)
Table 15: Influencing Factors for Smart Factory Market, 2023
Table 16: United Arab Emirates Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 17: United Arab Emirates Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 18: Saudi Arabia Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 19: Saudi Arabia Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Table 20: South Africa Smart Factory Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 21: South Africa Smart Factory Market Size and Forecast By Industry (2018 to 2029F) (In USD Billion)
Figure 1: Global Smart Factory Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Smart Factory Market Share By Region (2023)
Figure 6: Middle East & Africa Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Middle East & Africa Smart Factory Market Share By Country (2023)
Figure 8: UAE Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Saudi Arabia Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: South Africa Smart Factory Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Smart Factory Market
Smart Warehousing Market Market Research FAQs
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