|10-13-2018 04:53 AM CET - IT, New Media & Software||
Smart Label Market Expected to Witness a Significant Growth of 11.34 Billion $ Globally by 2023, at CAGR of 11.80% | Global Key Players - Avery Dennison, CCL Industries, Checkpoints Systems, Zebra Technologies, Intermec, Sato Holdings
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Smart Label Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Smart Label Market:
The Global Smart Label Market was valued at USD 5.68 Billion in 2017, and is expected to reach a value of USD 11.34 Billion by 2023 at a CAGR of 11.80% during the forecast period (2018-2023).
The scope of the market covers Electronic Article Surveillance (EAS), RFID, NFC, and Electronic shelf labels (ESL). The emergence of Internet of Things (IOT) is expected to be a key opportunity for the growth of the global smart label market, during the forecast period.
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The issues related to security against theft and counterfeiting is crucial to any industry. As enterprises across the world are setting up more and more direct selling chains all over, the importance of security systems against theft and counterfeiting is paramount these days. These smart labels are not just used as an anti-theft device/tag, but smart chips are installed within the labels enabling the tracking of location as well. Market leaders, such as Zebra Technologies, have come up with Material flow solutions that help the industries to deliver materials with in-time precision. Earlier, when racks or containers were damaged, there was a huge loss incurred, owing to the delay in time. Rack and container tracking solutions have been developed with increased visibility for the better management of highly complex operations and cost optimization. With the advent of such technologies that help the industries carry out their operations efficiently, there has been a huge demand from industries for more such technologies to ease the process for consumer satisfaction.
Smart technology has already transformed the life science and healthcare industry for the better, in terms of supply-chain management, cold-chain monitoring, track-and-trace compliance, and security & authentication. Through both chemical and RFID technologies, drugs and medical devices are visible, traceable, and well monitored, from manufacture, all the way through, to retail shelves and even consumers’ homes. Smart technologies are living up to their promise of preventing spoiled, expired, or counterfeit products from reaching the market and aiding adherence to DSCSA, but they are also presenting new opportunities to brand owners for more targeted, better personalized marketing, and customer engagement.
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The country is one of the largest markets in the frozen food market. The consumer’s inclination and spending on frozen foods, in both retail and foodservice sectors coupled with the Food Information for Consumer Regulations in the country, has augmented the global smart label market. Despite the economic uncertainty, the consumer spending on food & beverage has continued. The increased consumption has affected all spheres of food products, coupled with the increasing consumer expectations, and the need to augment brand image coupled with the growing demand for security among consumers and retailers, have contributed positively to the market.
Major Key Players:
1 Avery Dennison Corporation
2 CCL Industries Inc
3 Checkpoints Systems, Inc.
4 Zebra Technologies Corporation
5 Intermec, Inc.
6 Invengo Information Technology Co Ltd
7 Sato Holdings Corporation
8 Thin Film Electronics ASA and More…………
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This study answers to the below key questions:
1 What will the market size be in 2023 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smart Label Market.
Table of Contents:
2 Research Methodology
3 Executive Summary
4 Key Inferences
5 Market Overview
6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)
7 Market Segmentation
8 Competitive Landscape
9 Key Players
10 Future Outlook of the Market
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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