Electronic Shelf Label Market size is Projected to Grow $3.5 Billion by 2031 | Registering a CAGR of 15.5%

Allied Market Research published a report on the Electronic Shelf Label Market by Component, Communication Technology, Product Type, Store Type, and Display Size: Global Opportunity Analysis and Industry Forecast, 2021-2031. 

The global electronic shelf label market was valued at $825.1 million in 2021, and is projected to reach $3.5 billion by 2031, growing at a CAGR of 15.5% from 2022 to 2031.

Download Research Report Sample & TOC:
https://www.alliedmarketresearch.com/request-sample/5905

Electronic shelf label (ESL) also known as digital price tags, are digital wireless display systems that retail stores use to show product prices. Typically, ESLs are attached to the front edge of retail shelving. Once applied to the shelves, it directly connects to the store's ERP and point of sales (POS) to reduce pricing management labor costs, improve pricing accuracy, and enable dynamic pricing. Furthermore, each electronic shelf label (ESL) system has LCD or e-ink display that shows the price and universal product code (UPC) of the product. Trending automation in the retail industry is the key factor that drives growth of the electronic shelf label market.

Moreover, necessity for more cost-efficient and less time-consuming alternatives to paper labels fuel the market growth. In addition, increased operational efficiency with real-time product positioning, owing to utilization of electronic shelf labels boosts the growth of electronic shelf label market size. However, high expenses of installation and infrastructure cost restrain the electronic shelf label market growth. Moreover, low return on investment is expected to impede growth of the electronic shelf label market size.

Get Customized Reports with you're Requirements:
https://www.alliedmarketresearch.com/request-for-customization/5905

Electronic shelf label (ESL) is a type of dynamic display system used by retailers to display product information in retail stores. This system transmits product information that is updated in central server using low power radio frequency (RF) through the gateway. Shelf label is an emerging technology globally, which can help to remove paper labels and automatically change the price tag every week.

According to the electronic shelf label market analysis, trending automation in the retail industry is the key factor that drives electronic shelf label industry growth of the electronic shelf label industry. Moreover, necessity for more cost-efficient and less time-consuming alternative to paper labels and the surge in demand for digital price tag fuels the market growth. In addition, increase in operational efficiency with real-time product positioning, owing to utilization of electronic shelf label boosts the market growth.

Competitive Analysis:
The electronic shelf label industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players of the electronic shelf label industry include:
⦁ Diebold Nixdorf Incorporated
⦁ CLEARink Displays Inc.
⦁ M2Communication
⦁ E Ink Holdings Inc.
⦁ Samsung Electro-Mechanics Co. Ltd.
⦁ NCR Corporation
⦁ Pricer AB
⦁ Displaydata Limited.
⦁ SoluM Co. Ltd.
⦁ Panasonic Corporation
⦁ SES-imagotag

Report Overview:
https://www.alliedmarketresearch.com/electronic-shelf-label-market

Top Impacting Factors:
Significant impacting factors in the electronic shelf label market share include increase in adoption of automation in the retail sector, rise in demand for business process optimization, and surge in purchasing power of consumers and economic growth. However, high expenses of installation and infrastructure are expected to hinder the market growth. Conversely, technological advancements with real-time data are projected to offer remunerative opportunities to the consumer active optical cable market. Each of these factors is anticipated to have a definite impact on the market during the forecast period.

Key Benefits for Stakeholders:
⦁ This report provides a quantitative electronic shelf label market analysis of the market segments, current trends, estimations, and dynamics of the electronic shelf label market analysis from 2021 to 2031 to identify the prevailing electronic shelf label market opportunities.
⦁ The market research is offered along with information related to key drivers, restraints, and opportunities.
⦁ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
⦁ In-depth analysis of the electronic shelf label market segmentation assists to determine the prevailing market opportunities.
⦁ Major countries in each region are mapped according to their revenue contribution to the global market.
⦁ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
⦁ The report includes the analysis of the regional as well as global electronic shelf label market trends, key players, market segments, application areas, electronic shelf label market forecast and market growth strategies.

Press Release:
https://www.alliedmarketresearch.com/press-release/electronic-shelf-label-market.html

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

This release was published on openPR.