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electronic shelf label market

electronic shelf label market

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electronic shelf label market

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  1. 2022 Retail Stores Adopting Electronic Shelf Labels to Increase Functional Efficiency

  2. The automation of the retail sector has led to effective warehouse and inventory management, increased physical store management efficiency, and enhanced omnichannel presence for retailers. The accelerating automation rate has also led to the adoption of electronic shelf labels (ESLs) at retail stores as they are useful in scheduling service and delivery and displaying and managing product information. Additionally, these automated solutions are used for the execution of daily tasks. Thus, the surging focus of retail stores on increased functional efficiency will fuel the adoption of ESLs in the coming years. Moreover, the escalating digitalization rate in this sector will help the electronic shelf label market prosper during 2021–2030. According to P&S Intelligence, the market revenue stood at roughly $800 million in 2020. The increasing deployment of ESLs can also be attributed to the burgeoning demand for price optimization among retail stores. ESLs enable easy updates, time saving, and reliability, owing to which retailers gain a competitive edge. Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/electronic-shelf-label-market/report-sample In contemporary times, full-graphic e-paper ESLs are preferred over liquid crystal display (LCD) and segmented e-paper ESLs due to the former’s low cost, high energy efficiency, and ability to project graphical objects. Displays, microprocessors, batteries, and transceivers are the major components of the aforementioned labels, which are based on the infrared, radiofrequency, and near-field communication (NFC) technologies. All these products are available in different display sizes — less than 3 inches, 3–7 inches, 8–10 inches, and more than 10 inches.

  3. At present, ESL manufacturers, such as Altierre Corporation, NCR Corporation, Displaydata Limited, Pricer AB, SoluM Co. Ltd., Diebold Nixdorf Incorporated, Panasonic Corporation, Samsung Electro-Mechanics Co. Ltd., E Ink Holdings Inc., CLEARink Displays Inc., and SES-imagotag, are signing partnership agreements to facilitate the penetration of ESLs in the retail sector. For example, in April 2021, E Ink Holdings Inc. entered into a partnership with DATA MODUL AG to become a supplier of ESLs to the European and U.S. retail, medical, and internet of things (IoT) industries. Geographically, the North American region led the electronic shelf label market in the recent past, and it is expected to continue its lead in the foreseeable future, owing to the increasing preference for the technology among the expansive chains of retail outlets, such as Wal-Mart, in the U.S. and Canada. Moreover, the favorable government initiatives aimed at increasing the integration of automated products and enhancing technological development across the retail sector will result in the large-scale adoption of ESL products in the region. Browse full report at: https://www.psmarketresearch.com/market-analysis/electronic-shelf-label-market In addition, Europe is expected to use a considerable volume of ESL products in the upcoming years due to the strong presence of prominent ESL manufacturers and high labor costs in the region. Additionally, the flourishing retail sector will propel the adoption of these components among European countries, especially the U.K., Germany, and France. Besides, the rising focus of retailers on the incorporation of technologically advanced products to reduce human involvement will result in the large-scale adoption of ESLs in the region. Therefore, the soaring focus of retailers on improving functional efficiency and increasing digitization rate in the retail industry will fuel the deployment of ESLs.

  4. Depending on security type, the BFSI security market is divided into information security and physical security categories. Between the two, the information security category is predicted to exhibit higher growth rate in the market in the future years. The category is further divided into data loss prevention, antivirus, unified threat management, encryption, risk and compliance management, and identity and access management categories. Amongst these, the encryption category recorded the highest growth in the market in the past. Globally, the BFSI security market would exhibit lucrative growth in Europe and North America in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This is credited to the implementation of strict data policies aimed at enhancing data security in these regions. Additionally, the growing focus of financial organizations on digitization and the rising popularity of cloud-based data storage solutions will further propel the market growth in these regions in the future. Hence, it can be said with full surety that the adoption of security solutions by BFSI organizations will rise enormously all over the world in the coming years, mainly because of the rising digitization in this domain and the growing prevalence of data breaches and cyber-attacks in banking and financial operations. Browse more report: Security as a Service Market Top Companies, Investment Trend, Growth & Innovation Trends by 2030

  5. Market Size Breakdown by Segment •  By Product Type • Full-Graphic E-Paper • Segmented E-Paper        • Liquid Crystal Display • By Communication Technology • Radio Frequency • Infrared • Near-Field Communication (NFC) • Others • By Component • Displays • Batteries • Transceivers • Microprocessors • Others • By Display Size • Less than 3 Inches • 3–7 Inches • 8–10 Inches • More than 10 Inches

  6. By End User • Industrial • Retail • Hypermarkets • Supermarkets • Non-food retail shops • Specialty stores • Others • By Region • North America Electronic Shelf Label Market • By product type • By communication technology • By component • By display size • By end user • By country – U.S. and Canada • Europe Electronic Shelf Label Market • By product type • By communication technology • By component • By display size • By end user • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe

  7. Asia-Pacific (APAC) Electronic Shelf Label Market • By product type • By communication technology • By component • By display size • By end user • By country – Japan, China, India, Australia, South Korea, and Rest of APAC • Latin America (LATAM) Electronic Shelf Label Market • By product type • By communication technology • By component • By display size • By end user • By country – Brazil, Mexico, and Rest of LATAM • Middle East and Africa (MEA) Electronic Shelf Label Market • By product type • By communication technology • By component • By display size • By end user • By country – Saudi Arabia, South Africa, and Rest of MEA • Analysis of Countries • Further breakdown of 16 listed countries will be provided as per below segmentation: • By product type • By communication technology • By component • By display size • By end user

  8. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. • For queries related to sales, contact us at: • enquiry@psmarketresearch.com • US/Canada Toll-Free: 1-888-778-7886 • International: +1-347-960-6455 • India: +91 120 4541 337 To know more about us, visit our website psmarketresearch.com

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