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2016 IDC Innovators for Warehouse Robotics Announced
August 15, 2016 | IDCEstimated reading time: 2 minutes
International Data Corporation (IDC) has published its 2016 IDC Innovators report recognizing pioneering players in the warehouse robotics market. IDC Innovators are companies with under $50 million in revenue that offer an innovative technology and/or groundbreaking new business model.
Five companies were named as IDC Innovators in the warehouse robotics market for 2016: Locus Robotics, Fetch Robotics, Rethink Robotics, Clearpath Robotics, and GreyOrange.
"Robotics are increasingly being leveraged within warehouses to increase productivity and deliver efficiency improvements. Innovators, such as those that we have identified in the report, are developing intelligent and collaborative robots to help manage the increased flow of goods through modern warehouses and support picking and packing strategies more aligned to the needs of today's omni-channel commerce," said John Santagate, research manager, Supply Chain Execution at IDC Manufacturing Insights.
Locus Robotics uses sophisticated mapping software for quick set-up and deployment of robots within a warehouse setting. Fetch Robotics provides a "robot as a service" business model, offering a cost-effective solution for businesses who might otherwise select a non-robotics option due to cost constraints. Rethink Robotics' software allows for ease of set-up and operability with embedded safety features that enable robots to work collaboratively with humans. Clearpath Robotics makes two self-driving vehicle models enabling factories and warehouses to deploy a fleet of vehicles that can move a wide range of materials. GreyOrange offers a robotic system that helps automate inventory management.
About IDC Innovators Research
IDC Innovators reports present a set of vendors, with annual revenues of $50 million or less, chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor's company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company.
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