Exclusive Report on Global Electronic Shelf Label Market to grow at a whopping rate of CAGR more than 21.36%

According to the report The global Electronic Shelf Label market size is expected to reach $3,332.41 Million by 2028 growing at the CAGR of 21.36% from 2021 to 2028. This growth is attributed to the high adoption of electronic shelf labels in retail stores, the growing demand for cost-effective solutions, and the need for modern technology in the retail industry.

• Rising Need For Modern Technology In The Retail Industry
The adoption of automation in the retail industry has gained significant traction. With increased competition, new channels to supply goods, and rising wages, e-commerce is booming. Technologies such as electronic shelf labels, self-checking terminals, and robot shoppers have been successful in a large-scale setting in the retail market and have proven to be a great return on investment for retailers.

The market is hampered by the lack of clarity in product labeling and an increase in demand for a flexible and efficient system in the retail industry

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The recently published research report on Global Electronic Shelf Label Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Electronic Shelf Label market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Electronic Shelf Label market report also includes the following data points:
• COVID19 Impact on Electronic Shelf Label market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Electronic Shelf Label market

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Key Players
Some of the major Electronic Shelf Label players holding high market share include Pricer, Displaydata, E Ink Holdings, Samsung Electro- Mechanic. These players use new product development/acquisition/partnership and collaboration/expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Pricer
• Displaydata
• E Ink Holdings
• Samsung Electro- Mechanic
• Diebold Nixdorf
• Altieer
• SES-imagotag
• Clearink Display
• Panasonic Corporation
• SoluM Co., Ltd.

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Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Electronic Shelf Label Market:
o LCD
o Segmented E-Paper
o Full-Graphic E-Paper

Market Segment By Component with focus on market share, consumption trend, and growth rate of Electronic Shelf Label Market:
o Displays
o Batteries
o Transceiver
o Microprocessors
o Others

Market Segment By Communication Technology with a focus on market share, consumption trend, and growth rate of Electronic Shelf Label Market:
o Radio Frequency
o Infrared
o Near Field Communication
o Others

Market Segment By End Use with a focus on market share, consumption trend, and growth rate of Electronic Shelf Label Market:
o Hypermarkets
o Supermarkets
o Non-Food Retail Stores
o Specialty Stores
o Others

For more information: https://evolvebi.com/product/electronic-shelf-label-market-analysis-and-forecast-2021-2028-with-covid-impact-analysis/

Global Electronic Shelf Label Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America holds the larger share in the market owing to the rise in the number of retail outlets.

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