The electronic shelf label market size is expected to reach more than $2 billion by 2024. The growing trend of retail stores to reduce the number of paper sheets to label price tags is driving the global electronic shelf label market. The introduction of dynamic pricing in-store through ESL has led retailers to provide a holistic experience to consumers, thereby driving the demand in the global market. Also, the replacement demand from retailers in developed economies is a major growth factor.
The Electronic Shelf Label Market Size is likely to grow at an impressive CAGR Of 27% by 2024.
The emergence of omnichannel and retail reality, increase in dynamic pricing, change in purchasing behavior among consumers, and the decline in the cost of semiconductors are some of the prominent factors expected to drive the electronic shelf label market growth during the forecast period.
Arizton’s electronic shelf label market research report considers the present scenario of the industry and its market dynamics for the period 2018−2024. The industry analysis report covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. The study profiles and examines leading companies and other prominent companies operating in the electronic shelf label market (ESL Market).
SES-imagotag, Pricer, Displaydata Ltd., Altierre Corp., DIGI are the Key Market Players
In terms of sales, revenues, and innovation, the electronic shelf label market is dominated by two major players − Pricer and SES Imagotag. Price, replacement, and integrated services, portfolio depth, and brand reach are the major factors that help vendors to remain competitive. Many ESL installation contracts often turn into a multi-year arrangement wherein the service includes the supply of tags (electronic price tag, digital price tag), price, and supply analytics, POS hardware, and software. Further, the competition is expected to intensify during the forecast period with an increase in product/service extensions, technological innovations, and mergers and acquisitions.
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The market research report provides market size and analysis by following segments:
Market Segmentation by Technology
- Vendor Facing
- Radio Frequency (RF)
- Infra-Red (IR)
- Customer Facing
- Bluetooth Enabled (BLE)
- Near Field Communication (NFC)
Market Segmentation by Display
- TN LCD
Market Segmentation by End-users
- Supermarkets and Hypermarkets
- Departmental Stores
- Convenience Stores
Market Segmentation by Geography
- North America
- Saudi Arabia
- South Africa
- Latin America
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