The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. Based on the Analysis presented in the Cardinal matrix, Invengo Information Technology Co Ltd. and CCL Industries Ltd. are the forerunners in the Smart Labels market.

KBV Cardinal Matrix – Smart Labels Market Competition

Source: KBV Research Analysis, Company Publications and Secondary Research

Companies are launching new products and doing mergers and acquisitions as their main strategy to maximize their market share. For example, Invengo launched new generation linen tag, the LinTRAK-Slim, the slimmest UHF RFID tag for the Laundry and Textile Services industry. Additionally, Invengo has completed the acquisition of the Textile Services and Legacy RFID Tag business from French Company Tagsys RFID.

Companies such as Avery Dennison Corporation, Advantech U.S. Inc. and Sato Holdings are some of the key innovators in Smart Labels Market. Advantech and IBM Japan Ltd. have collaborated to offer Internet of Things (IoT) solutions for smart manufacturing and other targeted markets. These companies are introducing new products as well as collaborating with other industry participants in order to expand their market reach. The detailed illustration of the recent strategic developments depicted in KBV Cardinal Matrix Chart is discussed in the report.

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Related Reports:

Global Smart-Labels Market

North America Smart-Labels Market

Europe Smart-Labels Market

Asia Pacific Smart-Labels Market

LAMEA Smart-Labels Market