Rising Digitalization and Automation Propels Electronic Shelf Label Industry Growth

The global electronic shelf label industry is projected to rise in the coming years, due to rapid digitalization and automation in the retail industry with substantial profits, and less time consumption. Along with this, real-time product positioning, rising demand for increased functional efficiency, and price optimization in retail stores proliferate industry growth.

To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/electronic-shelf-label-market/report-sample

Under the product type segment, the industry is divided into full-graphic E-paper, liquid crystal display (LCD), and segmented E-paper. Among these, the full-graphic E-paper captures the largest industry share, and it is projected to experience the fastest growth in the near future. It is led by the high energy efficiency of full-graphic E-paper ELSs and their capability to project graphical objects.

The electronic shelf label industry based in Europe is projected to experience the fasted growth in the coming future, led by the penetration of the key players and expansion of the retail sector in the region. The expensive labor cost in European countries propels the industry growth, led by the surging electronic label adoption that improves the retailers' return by reducing human intervention.

Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=electronic-shelf-label-market

North America captures the largest share of the industry, owing to the rising demand for technology among the expansive retail store chains, including Wal-Mart, in the region. Moreover, the favorable government initiatives that encourage automation products integration, and increase technological development in the retail industry are projected to retain their dominance in the industry in the near future.

The centralized control facilitates easy updates, time-saving, and reliability. Therefore, numerous retailers are adopting ESL systems to stay on the competitive end, thus fueling industry growth.

The ELS manufacturing companies are developing new and innovative products to cater to the worldwide rising demand for them. The NFC technology integration with ELSs facilitates retailers to update the information, including price, discounts, special offers, and other product details.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.