Electronic Shelf Labels Market worth $2.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 17, 2023 /PRNewswire/ -- The global electronic shelf labels market is expected to reach USD 2.8 billion by 2028 from USD 1.5 billion in 2023, at a CAGR of 13.8% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growing trend of retail automation, benefits offered by electronic shelf labels (ESLs), the ability of ESLs to facilitate reduced labor efforts, high demand for price optimization from retailers, and the advent of 5G are the major factors contributing to the market growth globally.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40815676

Browse in-depth TOC on "Electronic Shelf Labels Market" 

269 – Tables
67 – Figures
259 – Pages

Fully graphic e-paper displays to dominate the electronic shelf labels market from 2023 to 2028

The growth of fully graphic e-paper displays can be attributed to the increasing demand from tier I and tier II retailers that rely on these ESLs to a large extent, as they facilitate displaying graphic content and information. Moreover, fully graphic e-paper-based ESLs are key to gaining customer attention and enhancing in-store communication. Using graphic displays, retailers can carry out product positioning in real time and enhance the shopping experience of customers. The key benefit of using fully graphic e-paper electronic shelf labels is their ability to project graphical objects, such as logos and callouts.

Retail to account for the largest share of the electronic shelf labels market during forecast period

The growing trend of retail automation is a major factor driving the electronic shelf labels market growth for retail. The growing trend of retail automation has led to a surge in demand for solutions such as AI-driven cameras, ESLs, and self-checkout solutions, which include interactive kiosks. The main reason for the increased adoption of ESLs in retail stores is to automate price display management, which conventionally involves using paper labels to display prices and other product information. Electronic shelf labels make it easy for retailers to dynamically change the prices of products from anywhere in the store.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=40815676

Asia Pacific to register the highest CAGR during forecast period

The advent of globalization and the development of an organized retail sector are expected to contribute to the growth of the electronic shelf labels market in Asia Pacific. Additionally, the readiness of retailers in the region to adopt new and advanced technologies is also a major factor contributing to the market growth in the region. Japan is a major market for ESLs in Asia Pacific. The constantly growing number of retail stores in Japan is expected to facilitate the increased adoption of ESLs in the country.

The report profiles key players such as SES-imagotag (France), SoluM Co., Ltd. (South Korea), Pricer AB (Sweden), Displaydata Limited (UK), Teraoka Seiko Co., Ltd. (DIGI Group) (Japan), M2COMM (Taiwan), Opticon Sensors Europe B.V. (Netherlands), RAINUS (South Korea), Shanghai SUNMI Technology Co., Ltd. (China), and Hanshow Technology (China).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=40815676 

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Digital Signage Market Size by Offering (Hardware, Software, Services), Product, Display Size, Installation Location, Application (Retail, Healthcare, Hospitality, BFSI, Education), and Geography- Global Forecast to 2026

Retail Automation Market by Type (PoS, Barcode and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), Implementation, End User (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies) and Geography - Global Forecast to 2023

Flexible Display Market by Application (Smartphone, Smartwatch, Wearable, TV, Digital Signage, PC Monitor, E-reader, Electronic Shelf Label, and Automotive), Technology (OLED, Quantum Dots, LED, E-Paper), Panel Size, and Geography - Global Forecast to 2022

Large Format Display Market by Offering, Type, Technology (Direct-View LED, LED-backlit LCD), Size, Brightness, Installation Location, Application (Retail, Hospitality, Sports, Education), Region (2021-2026)

Video Wall Market by Product (Video Wall Displays, Housing, Installation, & Content Management), Application (Indoor, Outdoor, Menu Board, & Billboard), Vertical (Retail, Hospitality, Transportation, Healthcare) & Geography - Forecast to 2020

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electronic-shelf-label-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/electronic-shelf-label.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg