Surge in demand of e-commerce retailers to accelerate the transportation of commodities and goods along with efficient warehouse management fuel the market growth. Based on regions, North America is estimated to grow at the highest CAGR of 24.4% from 2018 to 2025, owing to rise in automation processes across different business verticals and the requirement to speed up the operational as well as manufacturing processes.
Surge in demand of e-commerce retailers to accelerate the transportation of commodities and goods along with efficient warehouse management fuel the market growth. Based on regions, North America is estimated to grow at the highest CAGR of 24.4% from 2018 to 2025, owing to rise in automation processes across different business verticals and the requirement to speed up the operational as well as manufacturing processes.