Electronic Shelf Label market to be worth $441.440 million by 2021
Knowledge Sourcing Intelligence announces the publication of a new report on “Electronic Shelf Label (ESL) Market - Forecasts from 2016 to 2021 " to their offering. The report has segmented the ESL market by product type (segmented, full graphics, and LCD), by communication technology (RF, NFC, IR, and others), by store type (supermarkets, hypermarkets, mini markets, and others), and by geography (Americas, Europe Middle East and Africa, and Asia Pacific) and estimates that the global market for Electronic Shelf Label Market will grow from US$211.134 million in 2015 to US$441.440 million by 2021, at a CAGR of 13.08% over the forecast period.
Electronic Shelf Labels (ESL) allows the retailer to link the prices of various products to the centralized store server so that prices can be changed remotely as per the requirement. The increasing number of retail stores is investing heavily in these solutions in order to improve customer’s satisfaction, reduce costs, and maintain the competitiveness in the global ESL market. Factors that are driving the demand for ESL solutions include growing number of hypermarket and supermarket chains worldwide, stringent regulations regarding the display of accurate prices and additional information about the product, and escalating demand for real-time product positioning.
Full Graphic Labels account the largest market size while Radio Frequency (RF) remains the dominant mode of communication technology
Full Graphic Labels accounted for 75% of the ESL market in terms of revenue in 2015 owing to their ability to project graphical logos and callout that help in real-time product positioning. By communication technology, RF will dominate the ESL market as this wireless communication technology can be easily integrated with electronic shelf labels.
APAC to witness the fastest regional market growth between 2015 and 2021
APAC region is anticipated to witness the highest growth of ESL market with a CAGR of 17.29% during the forecast period. This growth is attributed to stricter government regulations regarding price labeling, expanding organized retail sector, and increasing demand for retail automation in the region. Growing awareness regarding good health and fitness has increased the need to display more information right at the labels, assisting in guiding consumers to relevant products, while eliminating the need for extra staff.
The key players of Global ESL market covered in this report include Altierre Corporation, Pricer AB, Store Electronic Systems, Wincor Nixdorf, Displaydata, E-Ink Holdings, and Samsung.
This report contains the market analysis on the current trends in the Electronic Shelf Label Market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. This report also consists of in-depth regional analysis. A lot of statistically relevant tools, various industry analysis models along with historical data and primary inputs have been used for market trends and forecasts up to the year 2021.
The report also talks about the strategies adopted by the industry leaders to gain an advantage over competitors and the recent deals that they have gone into to position themselves better in this market.
Purchase the complete report or request for a sample:
www.knowledge-sourcing.com/products/electronic-shelf-labe...
Browse Related Reports:
Smart Labels Market – Forecasts from 2016 to 2021
www.knowledge-sourcing.com/products/smart-labels-market-f...
Retail Automation Market - Forecasts from 2016 to 2021
www.knowledge-sourcing.com/products/retail-automation-mar...
Barcode Equipment Market - Forecast from 2016 to 2021
www.knowledge-sourcing.com/products/barcode-equipment-mar...
Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
Knowledge Sourcing Intelligence LLP
H-38, Sector 63 Noida, U.P., India
Phone: +1-866-714-4587
E-mail: sales@knowledge-sourcing.com
