According to the research report titled ‘Global Automated Sortation System Market Size study, by Type (Linear Sortation, Loop Sortation), by Application (Retail & E-Commerce, Food & Beverages, Transportation & Logistics, Pharmaceutical, Healthcare, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global automated sortation system market was worth USD 4.7 billion in 2019 and is projected to record a 5.3% CAGR, to be remunerated at USD 7.1 billion by the 2027.
 

Growing adoption and expenditure on Internet of Things (IoT) technology, focus on enhancing order accuracy, stock keeping unit (SKU) proliferation, along with increasing acceptance across e-commerce and logistics firms are the key factors driving global automated sortation system market growth.
 

According to Worldwide Semiannual Internet of Things Spending Guide published by International Data Corporation (IDC), Europe expenditure on the Internet of Things (IoT) increased by 19.8% year-on-year reach to USD 171 billion in 2019.
 

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For those unfamiliar, automated sortation system is designed to sort various consumer goods, such as mail & parcels, packaged, food & beverages, medicines, textiles, and others, to reduce operating time. Furthermore, these systems are swift, enabling businesses to achieve a new delivery standard in a shorter timeframe.
 

It also aids in accurate placement of materials and equipment, resulting in fewer objects being lost. In a high-volume distribution environment, high-speed packaging systems developed by sortation equipment are desired, which often encourages the adoption of automated sortation systems. Owing to the automation, continuous high-speed, and time accuracy, they are more consistent, which further adds to the industry dynamics.
 

On the downside, hefty cost of installation and maintenance of these systems along, with lack of skilled workers are anticipated to impede worldwide automated sortation system industry expansion.
 

From the regional perspective, Europe presently holds major portion of the overall market share, owing to surging demand from transportation and logistics sector, coupled with presence of major players in the region.
 

On the other hand, Asia Pacific automated sortation system industry is expected to gain traction through 2027, creditable to rising expenditure on IoT technology and growing acceptance of online shopping across developing economies like India and China.
 

Established players in global automated sortation system market sphere are Dematic (KION Group AG), TGW Logistics Group, Siemens AG, Honeywell Intelligrated, Murata Machinery Ltd., Interroll Group, KNAPP AG, Daifuku Co. Ltd., Bastian Solutions Inc., and Beumer Group GmbH & Co. KG.