Electronic Shelf Label Market will be Growing at a CAGR of 16.8% during the forecast period from 2019 to 2027


Posted November 29, 2019 by johnsonpaul

The electronic shelf label market is set to grow with a CAGR of 16.8% during the forecast period, started from US$ 450.5 mn in 2018.
 
According to a new market research report published by Credence Research “Global Electronic Shelf Label Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the electronic shelf label market is set to grow with a CAGR of 16.8% during the forecast period, started from US$ 450.5 mn in 2018.

Browse Full Report at https://www.credenceresearch.com/report/electronic-shelf-label-market

Market Insights

The electronic shelf label (ESL) market is driven by the growing need among the retailers to enhance the customer experience. As the adoption of the internet services across the globe is increasing, the information availability is also rising. Customers are becoming empowered, they can choose from wide array of option available in the market. As a result, the retailers are focusing more on enhancing the customer engagement activities and provide better customer experience to reduce the churn rate and gain customer loyalty.

The increasing adoption of the automated solution across the retail sector is also acting as a major driver for the ESL market. Furthermore, the growing demand among the retailers to reduce the use of the paper based labels and growing need for dynamic pricing solution is augmenting the demand for ESL solutions.

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/60052

The electronic shelf label market is segmented based on the communication technology into radio frequency (RF), infrared (IR), near field communication (NFC), others. RF technology is dominating the market with more than 45% share in the ESL market in 2018. The ability of the technology to establish short effective communication and enable fully automated data transfer is driving the market growth. On the other hand, NFC technology is estimated to grow considerably during the forecast period.

Asia Pacific’s electronic shelf label market is anticipated to grow substantially at a CAGR of over 20% during the forecast period. The market is driven by the increasing digitalization across the retail sector. The willingness of the retailers to shift towards advance technology solution across the region is also estimated to have significant impact on the growth of the ESL market.

The prominent players of the electronic shelf label market are Diebold Nixdorf, Displaydata, E Ink Holdings, M2Communication, NZ Electronic Shelf Labelling, Opticon Sensors Europe, Pricer, Samsung Electro-Mechanics, SES-imagotag, and Teraoka Seiko.

Report Scope by Segments

By Product Type Segment

LCD ESL
Segmented E-Paper ESL
Full Graphic E-Paper ESL

By Communication Technology Segment

Radio Frequency (RF)
Infrared (IR)
Near Field Communication (NFC)
Others

Browse Full Report at https://www.credenceresearch.com/report/electronic-shelf-label-market

By Application Segment

Hypermarkets
Supermarkets
Non-Food Retail Stores
Specialty Stores
Others

By Geography Segment

North America (U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)

Blog Medium: https://medium.com/@kumarganeshtr/electronic-shelf-label-market-size-share-growth-trends-and-forecast-2019-to-2027-5d85c0072187
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Categories Business , Industry , Research
Tags Electronic Shelf Label Market , Electronic Shelf Label market size
Last Updated November 29, 2019