Global Electronic Shelf Label Market – EMEA Dominates the Market | Technavio

LONDON–()–The newest market study report by Technavio on the global electronic shelf label market predicts a CAGR of above 15% throughout the interval 2018-2022.

The report segments the world digital shelf label market by product (LCD ESLs, full graphic e-paper ESLs, and segmented e-paper ESLs), by expertise (radio frequency, infrared, and visual mild expertise), by finish-consumer (supermarkets and hypermarkets; comfort shops, shops, and mass retailers; and drug shops, pharmacies, and others), and by geography (the Americas, EMEA, and APAC). It offers an in depth illustration of the main components influencing the market, together with drivers, alternatives, developments, and trade-particular challenges.

Here are some key findings of the world digital shelf label market, in keeping with Technavio ICT researchers:

  • Increase in variety of shops: a significant market driver
  • In 2017, the supermarkets and hypermarkets finish-consumer phase dominated the market by occupying virtually 55% share
  • EMEA dominated the world digital shelf label market with 58% share in 2017
  • Altierre, Displaydata.com, E Ink Holdings, Pricer, SES-imagotag, and Teraoka Seiko are the main gamers in the market.

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Increase in variety of shops: a significant market driver

The rise in variety of shops throughout the world is one in all the major drivers for the world digital shelf label market. Carrefour, Metro, Tesco, and Walmart are a few of the main retailers, and they’re increasing their presence in APAC and Africa to realize extra market share. Through joint ventures, firms akin to Carrefour is increasing its operations in eight international locations in West and Central Africa together with Congo, Cameroon, the Democratic Republic Of the Congo, Ivory Coast, Ghana, Gabon, Nigeria, and Senegal.

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Technavio’s pattern stories are freed from cost and comprise a number of sections of the report together with the market dimension and forecast, drivers, challenges, developments, and extra.

EMEA: largest digital shelf label market

Technavio researchers anticipate excessive development for the global electronic shelf label market in EMEA as a consequence of the vital tempo and excessive penetration of ESLs in supermarkets and the enhance in labor prices. Demand from international locations akin to France, Germany, Poland, the UK, and Spain is driving the market. It can also be anticipated that these international locations will largely contribute in direction of the income of the world ESL market in the future.

According to a senior analyst at Technavio for analysis on IT hardware, “Innovations in product such as NFC labels have encouraged the replacement of the installed base which is attracting new customers. Such innovation is propelling the demand for ESLs in this region.”

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