According to the most recent analysis by Emergen Research, the global market for smart shelves is anticipated to reach USD 15.34 billion in 2030, with a healthy revenue CAGR of 22.4%. The rising adoption of IoT and RFID technologies in retail is one of the main drivers of market revenue development. Transistors and a Radio Frequency Identification Reader (RFID) sensor that is built into, above, or behind shelves are used to create "smart" shelves. A sensor network that drives digital shelf technology enables automation of retail store inventory. In order to reduce the amount of manual inventory work required by a retail business, a conceptual design and method of operation for sensor-based smart shelves is proposed.
Emergen Research has published a research report on global Smart Shelves Market to offer comprehensive analysis of current and emerging market trends along with key developments in the industry. The report offers in-depth information about market share, market size, market revenue growth, drivers, restraints, growth opportunities and challenges. The report also provides insights on different segments such as product types, applications, regional bifurcation along with top companies. The report is curated using primary and secondary research which is thoroughly evaluated by experts in the industry and is well-presented using various pictorial presentations such as tables, diagrams, charts and figures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
SES-Imagotag, Pricer, Trax Image Recognition, Avery Dennison Corporation, Samsung, E Ink Holding Inc., Intel Corporation, Huawei Technologies Co., Ltd., Honeywell International Inc., and Solum
Research Report on the Smart Shelves Market Addresses the Following Key Questions:
- Who are the dominant players of the Smart Shelves market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Smart Shelves market?
- What are the key growth drivers and restraining factors of the Smart Shelves market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Smart Shelves market and its key segments?
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Emergen Research has segmented the global Smart Shelves market on the basis of type, type of care, and region
Segments Covered in this report are:
Component Outlook (Revenue, USD Million; 2019–2030)
- Hardware
- Cameras
- IoT Sensors
- Radio Frequency Identification (RDFI) Tags Readers
- Digital Displays
- Electronic Shelf Labels
- Other Hardware
- Software Solutions
- Professional Services
- Hardware
Organization Size Outlook (Revenue, USD Million; 2019–2030)
- Large Enterprises
- Small Medium-Sized Enterprises (SMEs)
Application Outlook (Revenue, USD Million; 2019–2030)
- Planogram Management
- Inventory Management
- Pricing Management
- Content Management
- Other Applications
In conclusion, the Smart Shelves Market report is an exhaustive database that will help readers formulate lucrative strategies. The Smart Shelves Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter's Five Forces Analysis to study the leading companies.
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