Electronic Shelf Label Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
The global market electronic shelf label is expected witness a steady growth in the coming few years. With the growth of the retail store segments across the globe, the demand for electronic shelf label is expected rise. The technological advancements in the retail industry has helped the global market to grow a great pace and is expected help the market to grow even further in the future.
The competitive landscape of the global electronic shelf label market is a fragmented one with the presence of several key players. However, it is expected that the degree of fragmentation will drop in the coming years of the forecast period. The leading players in the market are expected to concentrate on forming strategic partnerships and alliances for developing IoT based solutions to drive their growth.
Some of the leading names in the global electronic shelf label market include Teraoka Seiko Co. Ltd., SES-imagotag, Samsung Electro-Mechanics Co. Ltd., Opticon Sensors Europe BV, Pricer AB, LG Innotek, E Ink Holdings Inc., Displaydata Ltd., Altierre Corp, and Diebold Nixdorf Inc. among others.
There are several macro and microeconomic factors that are helping to push the development of the global electronic shelf label market. One of the key driving factors for the market growth has been growing implementation of the in-store technologies. The physical stores enable customers to physically try out products before buying. These stores are also providing great offers and discounts on their products to attract large sections of crowd. The growing competition with the online distribution channels are enforcing these stores to go toe to toe with their rivals. Naturally, this growing competition among the distributor channels is expected to work in favor of the development of the global electronic shelf label market. To provide a better and more improved customer experience as well as the management of the inventory, new in-store technologies are being deployed. Some of the popular ones are AR/VR, ESLs, and in-store assistance among others. The growing adoption of these new technologies are expected to help the growth of the global electronic shelf label market.
The global electronic shelf label market features a geographical landscape consisting of five key regions. These regions are North America, Asia Pacific, Middle East and Africa, Latin America, and Europe. Currently, the global electronic shelf label market has been dominated by the regional segment of Europe. The region is one of the biggest market for electronic shelf labels and is expected to provide extensive development opportunities to the market players for the development of the regional market. One of the key driving factor for the development of the Europe electronic shelf label market is the increasing concentration of several big retailers in the region. Moreover, the growing integration of the new in-store technologies such as self-service checkouts, smart shelves, and ESLs among others are also expected to play an important role in driving the growth of the electronic shelf label market in Europe.
Asia Pacific segment on the other hand is expected to show a great growth potential for the given period of forecast. The growth of the socio-economic segments in countries such as India and China are expected to open newer avenues for the vendors to generate more revenue. This is thus expected to help in the development of the market in the region.
End-users
Product
Technology
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report