ELECTRONIC SHELF LABELS MARKET ANALYSIS

Electronic Shelf Labels market is estimated to be valued at US$ 3,376.2 Mn by 2030.

Electronic Shelf Labels Market- Trends:

Increasing adoption of automation in retail stores

Many major retailers such as Walmart, Carrefour, and Tesco have been adopting electronic shelf labels in their stores to automate pricing and inventory management and improve the customer shopping experience.

The COVID-19 pandemic has accelerated the adoption of electronic shelf labels in retail stores as retailers have been seeking ways to minimize human interaction and reduce the risk of spreading the virus.

Electronic shelf labels have been increasingly adopted in the grocery industry, especially for fresh produce, as they enable real-time updates of pricing and product information, reducing waste and improving efficiency in the supply chain

Use of IoT technology is creating new growth opportunities within the market

Integration with other IoT devices: Electronic shelf labels can be integrated with other IoT devices, such as smart shelves and smart carts, to provide a seamless shopping experience for customers. For example, a smart cart equipped with an RFID reader can read the electronic shelf labels and automatically update the customer\'s shopping list and total bill.

Real-time inventory management: IoT-enabled electronic shelf labels can be used to monitor inventory levels in real-time, reducing the need for manual stock checks and improving inventory accuracy. This can help retailers to reduce overstocking and out-of-stock situations, improving customer satisfaction and reducing costs.

Personalized offers: Electronic shelf labels can be used to display personalized offers to customers based on their purchase history and preferences, which can be gathered through IoT devices such as beacons and sensors. This can improve customer engagement and drive sales.