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.
The global Smart Shelves market research report offers extensive statistical analysis to impart a deeper understanding of the Smart Shelves industry and the changing dynamics of the business sphere. The report covers key data about market share, market size, revenue growth, sales and distribution channel, current and emerging trends, and technological advancements. The report offers a comprehensive overview of the Smart Shelves industry to assist the companies engaged in the market to maximize the return on their investments and capitalize on the emerging growth prospects.
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Competitive Terrain:
The global Smart Shelves industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
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
Additional information offered by the report:
Along with a complete overview of the global Smart Shelves market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Smart Shelves market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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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
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
Radical Highlights of the Smart Shelves Market Report:
Comprehensive overview of the Smart Shelves market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Smart Shelves market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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