Electronic Shelf Label Market - Actionable Research on COVID-19
The global electronic
shelf label market size is poised to grow by USD 337.95 million during
2020-2024, progressing at a CAGR of almost 15% throughout the forecast period,
according to the latest report by Technavio. The report offers an up-to-date
analysis regarding the current market scenario, latest trends and drivers, and
the overall market environment. The report also provides the market impact and
new opportunities created due to the COVID-19 pandemic.
Download the Sample Report @ http://bit.ly/3oJVhBR
The implementation of
in-store technologies will be a significant factor in driving the growth of the
electronic shelf labels market. Physical stores allow customers to try out
products before purchasing. These stores also offer huge discounts to attract customers
and compete with online stores. To enhance the customer experience and improve
inventory management, several physical retail stores are adopting in-store
technologies, such as smart shelves, ESLs, AR/VR, and in-store assistants. For
instance, Koninklijke Ahold Delhaize is planning to install ESLs in its stores
in the Czech Republic, Belgium, Luxemburg, Serbia, Greece, and Romania. This
rising adoption of in-store technologies is expected to fuel the growth of the
ESL market during the forecast period.
Get
the Full Report @ http://bit.ly/3tmFtZp
Report Highlights:
- The major electronic shelf label market growth came
from LCD ESLs segment. The incorporation of advanced technologies such as
radio frequency, Wi-Fi, Bluetooth Low Energy (BLE), and NFC and the
increasing demand for LCD ESLs from retailers are expected to boost the
growth of the electronic shelf label market in this segment.
- Europe is one of the largest markets for electronic
shelf labels, and the region will offer several growth opportunities to
market vendors during the forecast period. Factors such as the high
concentration of major retailers and the integration of in-store
technologies such as ESLs, self-service checkouts, and smart shelves are
contributing to electronic shelf label market growth in this region.
- The global electronic shelf label market is fragmented.
Altierre Corp., Diebold Nixdorf, Inc., Displaydata Ltd., E Ink Holdings
Inc., LG Innotek, Opticon Sensors Europe BV, Pricer AB, Samsung
Electro-Mechanics Co. Ltd., SES-imagotag, and Teraoka Seiko Co. Ltd. are
some of the major market participants. To help clients improve their
market position, this electronic shelf label market forecast report
provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global
electronic shelf label market 2020-2024 is expected to have Neutral
and At par. As the pandemic spreads in some regions and plateaus in other
regions, we revaluate the impact on businesses and update our report
forecasts.
Comments
Post a Comment