Smart Shelves Market Key Insights, Profiling Companies and Growth Strategies by 2030

The Smart Shelves Market size is estimated to grow from USD 1.9 Billion in 2020 to USD 8.5 Billion by 2027, growing at a CAGR of 25.1% during the forecast year from 2021 to 2027After the upsurge in the e-commerce trend, customers have many options leading to a massive decline in their dependency on brick-and-mortar retail stores. In order to reduce the side effects of these challenges, retailers are acquiring modern-age technologies, such as IoT, ESL, and smart shelves. The center on the adoption of IoT for operation optimization and asset management is high.

The prime factors propelling the Smart Shelves market include adoption of inflate inventory management by retail to make smarter restocking decisions and real-time engagements, and use of automation and intelligence solutions by retail to provide better shopping experience to customers. However, privacy concerns related to inbuilt data tags is one of the restraining factors for the market growth in coming years.

The Smart Shelves market is segmented by component, application, retail outlet and geography. Smart shelves furnished with weight sensors, proximity sensors, RFID tags and readers, and NFC-enabled are attracting many retailers as it is the advanced automated solution for keeping track of inventory and out-of-stock items. With the help of computer vision technologies and 3D cameras, these smart shelves help not only in inventory management but provide analysis of what consumer wants.

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The APAC region is expected to hold major market share in the forecasted period. The prime evolving countries in APAC, such as China, Japan, Australia, Singapore, and South Korea, are expected to be potential markets for the smart shelves market. The economic reform programs of various countries in APAC are creating growth opportunities for the manufacturers of the smart shelves market. In addition, the expansion of large-scale retailers in this region is also responsible for the expected high growth rate of the smart shelves market in APAC.

The research covers the current and historic Smart Shelves market size and its growth trend with company outline of Key players/manufacturers: Happiest minds, Intel, PCCW Solutions, Avery Dennison, Honeywell, Huawei Technologies Co. Ltd, NXP Semiconductor, E-Ink Holdings, Samsung Electronics, DIEBOLD NIXDORF, Incorporated, Software AG, SoluM, MINEW, TraxRetail, NEXCOM, Pricer, Dreamztech Solutions Inc among others

The Smart Shelves market research report provides an in-depth overview of the industry including market segmentation by component, application, retail outlet and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. The Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.

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Major Classifications are as follows:
By Component
RFID Tags
Readers
ESL
IoT Sensors
Cameras
Software and Solutions
By Application
Inventory Management
Pricing Management
Content Management
Planogram Management
By Retail Outlet
Departmental Stores
Supermarket
Discount Stores
Supermarket
Specialty Stores
Others ( Dollar stores, malls, pharmacy store)

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