Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

Electronic Shelf Labels Industry worth $2.8 billion by 2028 at a CAGR of 13.8%

by
March 7, 2023
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, March 07, 2023 ) The electronic shelf labels market is estimated to be worth USD 1.5 billion in 2023 and is projected to reach USD 2.8 billion by 2028, at a CAGR of 13.8% during the forecast period. Benefits offered by electronic shelf labels (ESLs), the ability of ESLs to facilitate reduced labor efforts, advent of 5G, and increasing demand for price optimization from retailers are the key factors driving the market growth.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40815676

ESLs are retail automation solutions that facilitate the dynamic pricing of products in retail stores and offer an enhanced shopping experience to customers. These labels have been widely used by retailers in hypermarkets, supermarkets, non-food retail stores, and specialty stores. Electronic shelf labels are being extensively deployed globally to enhance the operational efficiency of retail stores and reduce costs. Electronic shelf labels are wireless and can replace traditional paper pricing systems in almost all retail stores globally. These labels link the shelf prices directly to scanning databases of stores. They also offer a provision to change the prices of products remotely.

The traditional revenue sources for market players offering advanced retail solutions include conventional retail solutions, paper labels, cameras, and traditional checkout systems. However, the integration of advanced technologies such as IoT and AI has facilitated the development of advanced retail solutions such as point-of-sale (PoS) systems, ESLs, and other automated retail solutions that not only improve process efficiency in retail stores but also reduce operational costs. In recent years, market players are extensively focusing on developing advanced retail solutions such as PoS systems, interactive kiosks, LCD-based ESLs, fully graphic e-paper ESLs, segmented e-paper ESLs, automatic storage and retrieval systems, autonomous guided vehicles (AGVs), and automated conveyors.

The surge in adoption of fully graphic ESLs can be attributed to the increasing demand from tier I and tier II retailers that rely on these ESLs to a large extent, as they facilitate displaying graphic content and information. Moreover, fully graphic e-paper-based ESLs are key to gaining customer attention and enhancing in-store communication. Using graphic displays, retailers can carry out product positioning in real time and enhance the shopping experience of customers. The key benefit of using fully graphic e-paper ESLs is their ability to project graphical objects, such as logos and callouts.

The constantly thriving retail sector is facilitating the increased adoption of ESLs in hypermarkets, supermarkets, non-food retail solutions, specialty stores, warehouses, concept stores, single-brand stores, and industries. The growing trend of retail automation is expected to provide ample growth opportunities for market players offering ESLs globally.

News Also Covered: https://www.prnewswire.com/news-releases/electronic-shelf-labels-market-worth-2-8-billion-by-2028—exclusive-report-by-marketsandmarkets-301749606.html

Related Reports:

Digital Signage Market Size by Offering (Hardware, Software, Services), Product, Display Size, Installation Location, Application (Retail, Healthcare, Hospitality, BFSI, Education), and Geography- Global Forecast to 2026

Retail Automation Market by Type (PoS, Barcode and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), Implementation, End User (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies) and Geography – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

“قمة الخليج للشؤون الدوائيّة” تناقش أبرز اللوائح التنظيمية والابتكارات الدوائيّة في المنطقة بحضور صنّاع القرار وقادة الصناعة

Next Post

BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

RECOMMENDED NEWS

Siding Market worth $126.3 billion by 2024

Siding Market worth $126.3 billion by 2024

9 months ago

Kais Saied’s mini cabinet reshuffle sends message to striking unions

4 months ago
Caffeine Market to grow at a CAGR of 5 percent during the forecast period

Caffeine Market to grow at a CAGR of 5 percent during the forecast period

3 weeks ago
Market Leader – Protective Clothing Market

Market Leader – Protective Clothing Market

8 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • CamScanner Enhances User Experience in Middle East with Free 30-Day Premium Membership Offer
  • يعزز تطبيق كام سكانر في الشرق الأوسط من خلال عرض عضوية متميزة و مجانية لمدة ثلاثين يوما
  • HILTON DEBUTS IN TUNISIA WITH HILTON SKANES MONASTIR … – Hotel ME News
  • Italy's Meloni expresses hope for deal on IMF bailout of Tunisia as she preps weekend visit – ABC News

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC