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Technavio identifies the growth of the e-commerce industry as one of the major factors driving the growth of the market. The number of warehouses and distribution centers has increased significantly over the years. This can be attributed to the growing shift in the preference toward online shipping among consumers. This is forcing e-commerce companies to expand their order processing capabilities in warehouses and distribution centers. AGVs are widely used in warehouses and distribution centers. Therefore, the growth of the e-commerce industry will positively influence the growth of the AGV software market during the forecast period.
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As per Technavio, the digital transformation will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Automated Guided Vehicle (AGV) Software Market: Digital transformation
Businesses operating across industries such as healthcare, transportation and logistics, retail, hospitality, and manufacturing are increasingly adopting digital technologies to improve the efficiency of their operations. For instance, manufacturing and logistics operators are integrating advanced analytics and IoT with AGVs to make their warehouse operations less complex. Similarly, features such as GPS, self-service rentals, automated fleet support, and tracking and maintenance systems are integrated with AGVs to improve efficiency and reduce labor costs in warehouses. Such technological advances and the increasing adoption of digitization will fuel the growth of the global automated guided vehicle (AGV) software market during the forecast period.
"The advent of integrated Industry 4.0 with IoT and the growing need to improve warehouse operational efficiency will further boost market growth during the forecast period", says a senior analyst at Technavio.
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Automated Guided Vehicle (AGV) Software Market: Segmentation Analysis
This market research report segments the automated guided vehicle (AGV) software market by type (in-built vehicle software and integrated software) and geography (Europe, North America, APAC, South America, and MEA).
The Europe region led the automated guided vehicle (AGV) software market in 2021, followed by North America, APAC, South America, and MEA respectively. During the forecast period, APAC is expected to register the highest incremental growth due to the increasing adoption of technologies and the overall maturity of the industrial sector.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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