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According to the International Federation of Robotics (IFR), around 200 start-ups based out of the U.S. are working on the advancement of professional warehouse automation. Consequently, the professional warehouse automation has become one of the focus areas owing to the continued strong growth of the industry.
In 2019, the Asia-Pacific region dominated the global market, in terms of revenue, the region accounted for more than 55% of the global market share followed by Europe and South America.