Press release
Electronic Shelf Label Market Future Growth Outlook 2021-2026 | Altierre Corporation, Diebold Nixdorf, Display data Ltd, LG Corporation
The Electronic Shelf Label Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Electronic Shelf Label market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Electronic Shelf Label market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Electronic Shelf Label market.The electronic shelf label market was valued at USD 799.1 million in 2020, and is expected to reach a value of USD 2343.86 million by 2026, witnessing a CAGR of 21.19% over the forecast period of 2021 - 2026.
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Top Leading Companies of Electronic Shelf Label Market are - Altierre Corporation, Diebold Nixdorf, Display data Ltd, LG Corporation, M2 Communication Inc., Pricer AB, Samsung Electro-Mechanics Co. Ltd, SES-imagotag, Wincor Nixdorf AG, AdvanTech Inc., E ink Holdings Inc. and others.
Industry News and Updates:
- May 2019 - E Ink, the leading innovator of electronic ink technology, displayed its latest innovations in color displays, writing films, and new light transmissive films at SID Display Week 2019 from May 14-16, 2019 in San Jose. It enables electronic shelf labels to respond to customer traffic patterns in an accurate manner.
Key Market Trends:
NFC Mobile Payment is Owing to Increase the Market in Retail Sector
- Due to increase in the NFC (Near Field Communication) enabled smartphone technology, the use of NFC in electronic shelf labels is growing in retail sector, as it is energy-efficient and cost effective. Near Field Communication (NFC) is embedded and uses proximity to create simplified transactions, data exchange, and brief connections. Prior to purchase, NFC-enabled smart packages and signage can provide timely product information and even real-time digital offer to the customers.
- In retail, the NFC technology significantly adds up to standard ESLs, which display the price and facilitate the stock management by enabling price updates at any time. This simplifies the customer interactions via a simple tap on an NFC-enabled smartphone.
North America to Account for a Major Share
- North America is the largest market for electronic shelf labels globally. The huge market in this region can be attributed to the vast presence of retail stores, both small and big, across the region.
- Moreover, favorable government initiatives in the US towards technological innovation and integration of automated products across all industry verticals, specifically in retail automation is boosting the demand for the market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Electronic Shelf Label Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Electronic Shelf Label Market (%),2016 - 2026
- Electronic Shelf Label Market Share, By Brand
- Electronic Shelf Label Market Share, By Company
- Electronic Shelf Label Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Electronic Shelf Label Market Value Analysis & Forecast
- Promising Electronic Shelf Label Development by Major Companies
- Detailed Electronic Shelf Label Portfolio of the Major Companies
- Major Deals in the Electronic Shelf Label Market
- Major Companies Analysis
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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