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Warehouse Robotics Market to be Worth $17.29 Billion by 2030: Grand View Research, Inc.

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SAN FRANCISCO, Aug. 22, 2023 /PRNewswire/ — The global warehouse robotics market size is anticipated to reach USD 17.29 billion by 2030, exhibiting a CAGR of 19.6% over the forecast period, according to a new report published by Grand View Research, Inc. The expansion of the e-commerce industry, rising labor costs, and the need for greater efficiency and accuracy in warehouse operations fuel the growth of the market.
Key Industry Insights & Findings from the report:
The cartesian robots are expected to witness a CAGR of approximately 20% in the product segment from 2023 to 2030. The factors such as accuracy, precision, and ability to handle heavy loads is expected to fuel the growth.In terms of function, the transportation segment is anticipated to grow at the fastest CAGR of 20.4% over the forecast period. The growth is attributed to increased demand for sorting, loading, and unloading goods from robots.The 11 kg to 80 kg warehouse robots is likely to witness a CAGR of approximately 20% from 2023 to 2030. The ability to efficiently handle medium and heavy-weight items in manufacturing, healthcare, food, beverages, and other industries is expected to support the growth.The software segment is estimated to experience a CAGR of approximately 21% over the forecast period. The segment is divided into a warehouse management system, a warehouse control system, and a warehouse execution system.The healthcare industry is anticipated to witness the fastest CAGR of approximately 21% in the application segment from 2023 to 2030. The growth is attributed to the continuous developments and increased implementation of robots in the healthcare sector to perform a variety of tasks in healthcare warehouses.Read 171 page market research report, “Warehouse Robotics Market Size, Share & Trends Analysis Report By Product, By Function (Pick & Place, Transportation, Packaging), By Payload Capacity, By Component, By Software, By Application, By Region, And Segment Forecasts, 2023 – 2030”, published by Grand View Research.
Warehouse Robotics Market Growth & Trends
The e-commerce sector is witnessing remarkable growth due to technological advancements. Technologies like Virtual Reality (VR), Augmented Reality (AR), blockchain technology, Machine Learning (ML), and Artificial Intelligence (AI) are enhancing the shopping experience. Thus, companies seek new methods to enhance operations and logistics while reducing delivery time and costs.
Robots offer a smart, cost-efficient alternative to human labor by automating warehouses catering to the increasing need of the e-commerce sector. The robots help companies to maintain employee safety standards and enhance production quality by performing various tasks such as handling the incoming consignment, picking, packing, slotting, shipping, and asset tracking by saving considerable time and effort.
The COVID-19 pandemic impacted the warehouse robotics industry substantially in terms of the demand for robotics and the supply chain of the robotics industry. However, the need for efficient and contactless order fulfillment and labor shortage due to lockdowns fueled the demand for robots and other automation tools in business operations. The market has shown rising demand and continuously growing as companies invest heavily in research and development activities to improve existing technologies and launch advanced robots.
The initial investment of the robotic set-up into the warehouse is high, creating significant challenges for small and mid-sized companies. Furthermore, implementing robots in warehouse operations is affecting labor jobs. The rising adoption of robots is expected to affect employment and wages, affecting the further growth of the warehouse robotics industry over the forecast period.
Warehouse Robotics Market Report Scope
Report Attribute
Details
Market size value in 2023
USD 4.93 billion
Revenue forecast in 2030
USD 17.29 billion
Growth rate
CAGR of 19.6% from 2023 to 2030
Base year for estimation
2022
Historical data
2018 – 2021
Forecast period
2023 – 2030
 
Warehouse Robotics Market Segmentation
Grand View Research has segmented the global warehouse robotics market based on product, function, payload capacity, component, software, application, and region:
Warehouse Robotics Market – Product Outlook (Revenue, USD Million, 2018 – 2030)
Mobile RobotsArticulated RobotsCylindrical RobotsScara RobotsParallel RobotsCartesian RobotsWarehouse Robotics Market – Function Outlook (Revenue, USD Million, 2018 – 2030)
Pick & PlacePalletizing & De-palletizingTransportationPackagingWarehouse Robotics Market – Payload Capacity Outlook (Revenue, USD Million, 2018 – 2030)
Below 10 kg11 kg to 80 kg81 kg to 400 kg401 kg to 900 kgAbove 900 kgWarehouse Robotics Market – Component Outlook (Revenue, USD Million, 2018 – 2030)
HardwareSoftwareWarehouse Robotics Market – Software Outlook (Revenue, USD Million, 2018 – 2030)
Warehouse Management SystemWarehouse Control SystemWarehouse Execution SystemWarehouse Robotics Market – Application Capacity Outlook (Revenue, USD Million, 2018 – 2030)
E-commerceAutomotiveConsumer ElectronicsFood & BeverageHealthcareOthersWarehouse Robotics Market – Regional Outlook (Revenue, USD Million, 2018 – 2030)
North AmericaU.S.CanadaEuropeUKGermanyFranceItalySpainAsia PacificChinaJapanIndiaAustraliaSouth KoreaSingaporeLatin AmericaBrazilMexicoMEAList of Key Players in the Warehouse Robotics Market
ABBBastian Solutions LLCDaifuku Co. Ltd.DematicFetch Robotics Inc.Honeywell International IncKNAPP AGKUKA AGOMRON CorporationYASKAWA Electric CorporationFANUC CorporationCheck out more market research studies published by Grand View Research:
Industrial Robotics Market – The global industrial robotics market size is expected to reach USD 60.56 billion by 2030, expanding at a CAGR of 10.5% from 2023 to 2030, according to a new study by Grand View Research, Inc. The increasing trend of mass production, predominantly in the manufacturing of automobiles, electronics, and packaged food, among others, is expected to drive market growth. For instance, in March 2022, Ford Motor Company integrated industrial robots in its factories to operate 3D printers which produced small car parts.Space Robotics Market – The global space robotics market size is expected to reach USD 5.71 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Space robotics is gaining traction in recent years owing to the growing exploration of outer space; the need for operations & maintenance of satellites, space stations, and other platforms; and the need for saving cost and mitigating safety issues. Furthermore, the rising trend of using autonomous systems and Artificial Intelligence (AI) technology in robotics is widening the horizon of space exploration.Collaborative Robots Market – The global collaborative robots market size is anticipated to reach USD 11.04 billion by 2030, exhibiting a CAGR of 32.0% over the forecast period, according to a new report published by Grand View Research, Inc. The growth can be credited to the growing inclination of industries toward collaborative robots or cobots to automate manufacturing processes.Browse through Grand View Research’s Next Generation Technologies Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: 1-415-349-0058Toll Free: 1-888-202-9519Email: [email protected]: https://www.grandviewresearch.comGrand View Compass | Astra ESG SolutionsFollow Us: LinkedIn | Twitter
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Artificial Intelligence

IBS Software Launches Data & AI Center of Excellence, Appoints George Varghese as it’s Head

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SINGAPORE, Oct. 10, 2024 /PRNewswire/ — IBS Software, a leading provider of SaaS solutions to the global travel industry, has launched a Data & AI Center of Excellence (CoE), aimed at driving innovation and responsible AI adoption in the travel and hospitality sectors.

The establishment of the Data & AI CoE reflects IBS Software’s commitment to applying advanced AI and data-driven technologies across its product portfolio to deliver cutting-edge solutions to its global customer base. The initiative will focus on identifying, prioritizing, and enabling top AI use cases in collaboration with product teams and customers. The CoE will define responsible AI practices, focusing on user privacy, data security, and ethical considerations.
George Varghese has been appointed as the new Head of the Data & AI Center of Excellence. Varghese brings over 25 years of expertise in data analytics, machine learning, and financial engineering to the role. He joins IBS Software after a career that spans roles in quantitative finance, algorithm development, and AI/ML deployment. Most recently, George led the AI/ML practice at Upskills Pte Ltd and co-founded Piquant Capital, a systematic hedge fund.
“The travel industry has vast untapped potential for AI-driven innovation,” said George Varghese, Head of the Data & AI CoE at IBS Software. “Creating this new initiative will enable our teams and customers to work together to create meaningful, data-driven solutions that redefine travel and hospitality. Ensuring responsible AI usage while maximizing its benefits will be at the core of what we do.”
Based in Singapore, George will report to Chris Branagan, Chief Technology Officer of IBS Software, and lead the team AI practitioners, with plans for expansion as the CoE evolves.
Chris Branagan comments: “AI holds tremendous potential to reshape the travel experience, but its success relies on trust and responsibility. At IBS Software, we are committed to ensuring that AI not only delivers efficiency and innovation but also adheres to the highest standards of privacy and security. George’s extensive experience and vision for responsible AI align perfectly with our strategy to drive industry-leading solutions.”
To find out more about IBS Software’s use of AI, please visit www.ibsplc.com.
ABOUT IBS SOFTWARE
IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel and air cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call center, booking engine, loyalty and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.
Further information can be found at www.ibsplc.com Follow us: Blog |LinkedIn | Facebook | Instagram
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Artificial Intelligence

HONOR Introduces Circle to Search with Google on the HONOR Magic V3 and HONOR 200 Series

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New feature availability highlights HONOR and Google’s commitment to making mobile AI technology more accessible to everyone
SHENZHEN, China, Oct. 10, 2024 /PRNewswire/ — Global technology brand HONOR today announced the availability of Circle to Search with Google[1] on the flagship HONOR Magic V3, the world’s slimmest inward foldable smartphone, as well as on the HONOR 200 Series, delivering superior performance and an unrivalled studio-level portrait photography experience. The new enhancement ensures everyone can benefit from the latest AI advancements, bringing a seamless and intuitive search experience to smartphone users around the world.

“Enhancements in AI are transforming the way we work, learn, shop, create and interact with our devices. Whether you need translation assistance, homework help or simply want to find out more about an image that’s caught your eye on social media, our smartphones have become our go-to source for searching for this information,” said George Zhao, CEO of HONOR. “As a human-centric technology brand, HONOR is committed to bringing the benefits of AI to all. Thanks to our close industry collaboration with Google and by introducing this feature to not one, but two of our popular smartphone lines, it’s now possible to unlock a world of information at your fingertips, offering a whole new level of convenience in people’s daily lives.”
Circle to Search empowers users to instantly search for anything they see on their phone with Google. With Circle to Search, users can simply circle, highlight, scribble or tap anywhere on their screen to select the text, image or video they want to search for more information about, without switching apps. Circle to Search makes searching for whatever inspires you even easier.
[1] Google and Android are trademarks of Google LLC.
HONOR’s AI Journey: Building a Comprehensive and Responsible AI EcosystemRecognizing the pivotal role of AI in shaping future lifestyles, HONOR has long viewed AI as a strategic priority. Through continuous R&D and open collaboration with industry partners, HONOR is dedicated to enriching its on-device AI ecosystem, delivering forward-thinking AI solutions to consumers worldwide. Earlier this year, HONOR unveiled HONOR’s Four-layer AI Architecture, a blueprint for industry-wide adoption that will ultimately benefit users everywhere. Embracing a hybrid AI strategy that fully integrates on-device AI and cloud AI capabilities, HONOR has developed a multi-layered security architecture and the HONOR Personal Cloud Compute, safeguarding user data and privacy during interactions with cloud AI services. 
Unveiled at IFA 2024, the latest flagship foldable HONOR Magic V3 features a host of pioneering AI capabilities. Teaming up with Google, the HONOR Magic V3 is equipped with AI Eraser, Face to Face Translation and HONOR Notes tools, empowering users with pro-grade productivity features. In keeping with its user-centric approach, HONOR has introduced the industry’s first AI Defocus Eye Protection Technology and AI Deepfake Detection Anti-Fraud Technology, addressing common health and safety concerns associated with smartphone usage. In addition, running on MagicOS 8.0.1, HONOR devices come with the intent-based Magic Portal and Magic Capsule, redefining human-device interactions to offer users optimal convenience.
Price and AvailabilityWhile the HONOR 200 Series has achieved remarkable success since its worldwide debut in June, the HONOR Magic V3 has also been available in international markets since September 5th, with prices starting from EUR 1,999.
About HONOR   HONOR is a leading global provider of smart devices. It is dedicated to becoming a global iconic technology brand and creating a new intelligent world for everyone through its powerful products and services. With an unwavering focus on R&D, it is committed to developing technology that empowers people around the globe to go beyond, giving them the freedom to achieve and do more. Offering a range of high-quality smartphones, tablets, laptops and wearables to suit every budget, HONOR’s portfolio of innovative, premium and reliable products enable people to become a better version of themselves.   
For more information, please visit HONOR online at www.honor.com
https://community.honor.com/    https://www.facebook.com/honorglobal/    https://twitter.com/Honorglobal    https://www.instagram.com/honorglobal/    https://www.youtube.com/c/HonorOfficial    
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Royal Mail Selects Workday Peakon Employee Voice to Strengthen Employee Engagement and Drive Transformation

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Historic Postal Service Will Prioritise Workforce Wellbeing Through Data-Driven Insights and Personalised Actions
LONDON, Oct. 10, 2024 /PRNewswire/ — Workday Inc. (NASDAQ: WDAY), a leading provider of solutions to help organisations manage their people and money, today announced Royal Mail’s selection of Workday Peakon Employee Voice to drive positive change among its workforce of over 125,000 employees.

Royal Mail, the UK’s designated universal postal service provider, is investing in its people by selecting Workday Peakon Employee Voice as part of ongoing strides to modernise and transform its culture. From its origins in 1615 with the establishment of the ‘Master of the Posts’ under King Henry VIII, Royal Mail has been an integral part of the UK’s fabric, connecting communities and businesses across the nation. Today, as it navigates a period of transformation and growth, the organisation is reaffirming its commitment to fostering a culture of open communication, trust, and collaboration with the help of Workday’s innovative technology.
“At Royal Mail, our people are our greatest asset, and we are committed to creating a workplace where everyone feels valued, heard, and empowered to reach their full potential,” said Rachel Blackett, head of engagement and wellbeing, Royal Mail. “Workday Peakon Employee Voice will play a crucial role in helping us achieve this goal, enabling us to build a stronger, more resilient organisation for the future.”
Workday Peakon Employee Voice will provide Royal Mail with real-time insights into employee sentiment, enabling leaders to make informed, data-driven decisions and take proactive steps to address concerns and build a more engaged workforce. The organisation’s leaders will leverage accurate comparisons, consistent benchmarking and robust analytical models to understand where change is needed. Whether for leadership development, employee wellbeing, diversity, or employee health, Royal Mail will be empowered to drive positive change, as part of its mission to redefine its future.
“The key to any successful organisation is a connected and engaged workforce,” said Daniel Pell, vice president and country manager, UKI, Workday. “With data-driven insights driven by AI capabilities, Workday will provide Royal Mail with the tools and intelligence needed to take action, build trust, and shape the future of the organisation and its continued service to the UK.”
About WorkdayWorkday is a leading enterprise platform that helps organisations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organisations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
Forward-Looking StatementsThis press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialise, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.
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