Electronic Shelf Label Market Rising Emphasis on Cost Effective Price Labeling t

Posted by Arslan on January 16th, 2019

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Electronic Shelf Label Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

Electronic shelf label has gained traction as a promising system with the ability to improve the operational efficiency of the stores by removing the need to update and check product labels. Application scope of the electronic shelf label is deemed to be widespread, ranging from retail stores and specialty shops to consumer electronics and drug stores/pharmacies. In 2017, the electronic shelf label market was worth 7.7 million and it is estimated that by 2026, the market will be worth ,517.9 million, registering a CAGR of 20%.

The aforementioned information is taken from the report titled, “Electronic Shelf Label Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026,” included recently in the extensive repository of Market Research Reports Search Engine’s (MRRSE).

Furthermore, the increasing demand for cost efficient, safe, secure, and rapid price labeling and rise in the adoption of store automation in retail shops globally is driving the growth of the electronic shelf label market. Strict regulations against deceptive product prices and technological advancement is further augmenting electronic shelf label market’s growth. However, high initial investment and minimum knowledge about the usefulness of ESL systems may restrict the development of the electronic shelf label market.

This detailed report studies the electronic shelf label industry at a global and regional level. Evaluation has been provided on the market for forecast period 2018 and 2026 where 2017 is the base year. Assessment of the size of the electronic shelf label market has been done based on revenue (US dollars).

This market research report also offers detailed analysis of the essential dynamics, including drivers, challenges, restraints, and opportunities affecting growth of the electronic shelf label market. Micro- and macro-economic factors affecting the electronic shelf label market have been studied in this market report. The study provides a comprehensive analysis & prediction of the electronic shelf label market based on segmentation.