The Smart Warehousing Market is projected to grow from USD 20.4 billion in 2023 to USD 40.5 billion by 2028, at a compound annual growth rate (CAGR) of 14.6%. The market is expected to grow significantly during the forecast period, owing to various business drivers like the emergence of multi-channel distribution networks, and the rising focus on green initiatives and sustainability to minimize waste. The services segment of the smart warehousing market is growing rapidly, with managed services registering for the highest CAGR during the forecast period. The smart warehousing market is also experiencing a transformative wave driven by Robotics & Automation technologies, with autonomous robots such as AGVs and AMRs streamlining warehouse operations.
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