Press release
Global Smart Shelves Market 2025: Exponential Growth driven by Surge in Contactless Shopping, Customization, and Autonomous Stores
Smart Shelves Global Market Report
The smart shelves market is set to change the face of the retail industry, transforming customer experiences and retail operations with exponential growth expected in the upcoming years.
What Is The Projected Market Size Of The Global Smart Shelves Market And Its Growth Rate?
The global Smart Shelves market, buoyed by factors such as customer engagement and supply chain optimization, has witnessed robust growth in recent years:
• Market Size in 2024: $3.99 billion
• Market Size in 2025: $4.79 billion (20.2% CAGR)
Anticipated advancements such as smart retail, customization of shelf displays, and the rise of autonomous stores will continue to fuel its growth predictions:
• Projected Market Size in 2029: $9.81 billion (19.6% CAGR)
What Is Driving The Growth In The Smart Shelves Market?
The accelerated growth of the smart shelf market is fueled by increasing consumer demand for customization and personalization. Smart shelves provide a tailored shopping experience while maximizing retailer profit, impacting the global market. A U.S. survey conducted by IBM Watson Advertising found that 56% of customers desire personalized interactions with brands. Additionally, 70% of millennials are open to their browsing and purchasing habits being tracked for a better shopping experience. Consequently, this trend of increased customer personalization and customization precipitates the growth of the smart shelves market.
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Who Are the Key Players Driving Smart Shelves Market Growth?
A host of major companies in diverse sectors are contributing to the expansion of the smart shelves market:
• Happiest Minds Technologies Pvt. Ltd.
• Intel Corporation
• Avery International Corporation
• Honeywell International Inc.
• Huawei Technologies Co. Ltd.
• NXP Semiconductors N.V.
• E Ink Corporation
• Samsung Electronics Co. Ltd.
• Software AG
• Cisco Systems Inc., and many more.
What Are The Key Trends In The Smart Shelves Market?
Several significant trends are shaping the future of the smart shelves market:
• Integration of RFID technology
• Automation for inventory management
• Electronic shelf labels (ESLs)
• Focus on security and anti-theft measures
• Collaboration with e-commerce platforms
• Demand for real-time inventory visibility
What Are The Segments Of The Global Smart Shelves Market?
The smart shelves market is categorized by the following segments:
1) By Component: Hardware, Software, Services
2) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprise
3) By Application: Planogram Management, Inventory Management, Pricing Management, Content Management, Other Applications
4) By End-User: Departmental Stores, Supermarkets, Specialty Stores, Other End-Users
Which Region Leads The Smart Shelves Market?
In 2024, North America was the largest contributor to the smart shelves market. However, Asia-Pacific is expected to emerge as the fastest-growing region in the forecast period, owing to the rapid adoption and expansion of smart retail technologies and platforms.
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What Is Covered In The Smart Shelves Global Market Report?
- Market Size Analysis: Analyze the Smart Shelves Global Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Shelves Global Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Shelves Global Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Shelves Global Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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