Resources
About Us
Meticulous Research®—a leading global market research company, published a research report titled, 'Smart Shelves Market by Offering (Hardware, Software, Services), Application (Inventory Management, Remote Monitoring, Demand Forecasting, Pricing Management, Others), End User (Hypermarkets, Supermarket, Others), & Geography - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the smart shelves market is projected to reach $10.62 billion by 2030, at a CAGR of 22.8% from 2024 to 2030. The growth of this market is driven by the growing concern of retail business to keep inventory at an optimum level, increasing use of electronic shelve labels for pricing management, and growing customer demand for better in-store experiences. In addition, the rising use of advanced technologies in retail and the growing number of smart stores are expected to offer significant growth opportunities for the stakeholders in the smart shelves market.
However, the lack of technology adoption in the unorganized retail sector may restrain the market's growth. Furthermore, the rising shift towards E-commerce and data security & privacy issues are expected to challenge the growth of the smart shelves market.
Based on offering, the global smart shelves market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the global smart shelves market. The large market share of this segment is attributed to factors such as the rising number of smart stores, growing adoption of electronic shelf labels for automated pricing, order picking, monitoring products, and asset information.
In addition, the rising focus of key players on product development and enhancement is also expected to drive market growth. For instance, in February 2024 , Qualcomm Technologies, Inc. (U.S.) collaborated with SES-imagotag (France), the global leader in smart electronic price tags and retail IoT solutions, to develop technology that enables new electronic shelf labels (ESLs) based on wireless standards from the Bluetooth Special Interest Group (SIG) to enable retailers to improve operational efficiencies, empower employees, and enhance their customers’ experiences.
However, the software segment is projected to register the highest CAGR during the forecast period. Growing need for smart shelve software among retailers to update the pricing of goods, real-time tracking of virtually all on-shelf inventory, and a growing need to analyze the data collected from the shelves to produce business insights. Several players operating in the market provide smart shelf management software. For instance, Scandit AG (Switzerland) offers ShelfView, a shelf management software that empowers more intelligent and efficient store operations for inventory localization and execution of prices and promotions.
Based on application, the global smart shelves market is broadly segmented into inventory management, remote monitoring, demand forecasting, pricing management, and other applications. In 2024, the inventory management segment is expected to account for the largest share of the global smart shelves market. The large market share of this segment is attributed to growing competition between retailers, the crucial need to optimize shelf stock, and the rising use of electronic shelf labels by retailers to accurately track inventory levels in real time, ensuring faster replenishment and better control of pricing, and inventory availability for customers.
However, the demand forecasting segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the rising need to optimize inventory levels, reduce stockouts and overstocks, improve customer satisfaction, and enhance supply chain efficiency are expected to drive the segment growth.
Based on end user, the global smart shelves market is broadly segmented into hypermarkets, supermarkets, department stores, specialty stores, warehouses, and other end users. In 2024, the hypermarkets segment is expected to account for the largest share of the global smart shelves market. The large market share of this segment is attributed to the increasing adoption of advanced technologies, the growing use of digitalized price labels for dynamic pricing, increased competition between e-commerce and physical stores, and the growing use of automated checkout systems.
For instance, in April 2024, SES-Imagotag (France), the global leader in digital solutions for physical retail, entered into an agreement with Walmart Inc. (U.S.), an American multinational retail corporation, to initiate the deployment of the latest-generation VUSION platform within several hundred Walmart U.S. stores.
However, the department stores segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising focus of department stores on providing a high level of services, greater convenience to customers by offering a variety of products under one roof, increased use of smart shelves with digital displays for personalized advertisements, the need for automated processes in stores, and crucial need of continuous tracking and managing stocks in department stores.
Based on geography, the global smart shelves market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global smart shelves market. The large market share of the region is attributed to the presence of rapidly developing economies, the growing technology investment in the retail sector to address changed consumer expectations on the shopping experience, and the increased use of electronic shelf labels at retail for providing an enhanced customer experience.
Moreover, the Asia-Pacific region is also projected to register the highest CAGR during the forecast period. The growth of this region is driven by factors such as the indispensable requirement of retailers to digitalize their traditional business operations, the recent development of the Bluetooth electronic shelf label standard and the rapidly increasing e-commerce, and the rising focus of key players on the development of low power electronic shelf label are creating demand for warehouse management.
For instance, in January 2024, Atmosic Technologies (U.S.), an innovator in energy harvesting wireless platforms for the Internet of Things (IoT), partnered with Etag Technology Corporation (China), a professional manufacturer of electronic shelf label systems, to bring Atmosic’s ultra-low power wireless solutions to ETAG Tech’s electronic shelf label (ESL) portfolio.
Key Players:
Some of the key players operating in the global smart shelves market are Intel Corporation (U.S.), AWM (U.S.), Panasonic Connect Oceania (Australia), Pricer AB (Sweden), Trax Technology Solutions Pte Ltd. (Singapore), SOLUM (South Korea), SES-imagotag (France), HCL Technologies Limited (India), E Ink Holdings Inc. (Taiwan), Huawei Technologies Co., Ltd. (China), Focal Systems Inc. (U.S.), MAGO SA (Poland), Minewtag (China), troniTAG GmbH (Germany), Samsung Electronics Co. Ltd (South Korea), Honeywell International Inc. (U.S.), Lenovo PCCW Solutions Limited (China), NXP Semiconductors N.V (Netherlands), and Avery Dennison Corporation (U.S.).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5705
Key questions answered in the report:
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Healthy Buildings Market to be Worth $71.5 Billion by 2031
Read MoreGenerative AI Market to Be Worth $133.9 Billion by 2031
Read MoreIndustrial Metaverse Market to be Worth $600.6 Billion by 2031
Read MoreCloud Encryption Market to be Worth $30.2 Billion by 2031
Read MoreSmart Contracts Market to be Worth $8.7 Billion by 2031
Read MoreIPTV Market to Be Worth $145.1 Billion by 2031
Read MoreSmart Parking Market to be Worth $22.9 Billion by 2031
Read MoreEnterprise AI Market to be Worth $171.2 Billion by 2031
Read MoreOver-the-air (OTA) Market to be Worth $20.7 Billion by 2031
Read MoreRF Test Equipment Market to be Worth $5.4 Billion by 2031
Read MoreAirport Security Market to be Worth $25.27 Billion by 2031
Read MoreAI in E-commerce Market to be Worth $11.1 Billion by 2031
Read MoreFood Traceability Market to be Worth $40.05 Billion by 2031
Read MoreSatellite Imaging Market to be Worth $8.6 Billion by 2031
Read MoreIoT Sensors Market to be Worth $71.6 Billion by 2031
Read MoreSmart Airports Market to be Worth $10.16 Billion by 2030
Read MoreEdge Security Market to Be Worth $82.4 Billion by 2031
Read MoreMetaverse Market to be Worth $815.8 Billion by 2030
Read MoreNFC Market to Reach $50.1 Billion by 2030
Read MoreBiosensors Market to be Worth $43.8 Billion by 2030
Read MoreSatellite IoT Market Worth $2.48 Billion by 2031
Read MoreSocial Media Management Market to Reach $109.4 Billion by 2031
Read MoreCloud Managed Services Market Worth $247.5 Billion by 2030
Read MoreSpeech-to-text API Market to be Worth $10 Billion by 2030
Read MoreOnline Gaming Market Worth $431.87 Billion by 2030
Read MoreCybersecurity Services Market Worth $158.4 Billion by 2030
Read MoreAviation MRO Market to be Worth $92.1 Billion by 2031
Read MoreSolid State Radar Market Worth $3.3 Billion by 2030
Read MoreIndustrial Asset Management Market Worth $14.4 Billion by 2029
Read More5G IoT Market Worth $17.68 Billion by 2030
Read MoreTokenization Market Worth $13.23 Billion by 2030
Read MoreSmart Retail Market Worth $91.36 Billion by 2030
Read MoreBusiness Intelligence Market Worth $47.9 Billion by 2029
Read MoreDigital Payment Market Worth $274.61 Billion by 2029
Read MoreMobile Security Market Worth $19.5 Billion by 2029
Read MoreAI Training Dataset Market Worth $9.35 Billion by 2029
Read MorePenetration Testing Market Worth $4.05 Billion by 2029
Read MoreCloud Security Market Worth $83.03 Billion by 2029
Read MoreBlockchain in Retail Market Worth $25.8 Billion by 2029
Read MoreSmart Building Market Worth $152.93 Billion by 2029
Read MoreIoT in Manufacturing Market Worth $233.6 Billion by 2029
Read MoreSmart Factory Market to be Worth $285.7 Billion by 2031
Read MoreSpeech Analytics Market Worth $14.1 Billion by 2029
Read MoreConnected Logistics Market to be Worth $57.75 Billion by 2029
Read MoreSmart Lighting Market Worth $39.91 Billion by 2029
Read MoreSmart Lock Market Worth $5.53 Billion by 2029
Read MorePoint-of-Sale Terminal Market Worth $152.5 Billion by 2029
Read MoreRegTech Market to be Worth $32.6 Billion by 2031
Read MoreEnvironmental Sensor Market Worth $13.53 Billion by 2029
Read MoreSecurity Analytics Market Worth $43.9 Billion by 2029
Read MoreGeospatial Solutions Market Worth $845.7 Billion by 2029
Read MoreMachine Condition Monitoring Market Worth $5.2 Billion by 2029
Read More5G Technology Market Worth $241.5 Billion by 2029
Read MorePackaging Automation Market to be Worth $118.8 Billion by 2031
Read MoreTokenization Market Worth $14.3 Billion by 2029
Read MoreIndustrial Cybersecurity Market Worth $49.53 Billion by 2030
Read MoreIoT in Retail Market Worth $42.6 Billion by 2029
Read MoreBiometric System Market Worth $51.6 Billion by 2029
Read MoreMobile Computer Market Worth $3.3 Billion by 2029
Read MoreVideo Analytics Market Worth $19.3 Billion by 2029
Read MoreRFID Market Worth $32.4 Billion by 2029
Read MoreApplication Security Market Worth $5.5 Billion by 2028
Read MoreNetwork Automation Market Worth $32.4 Billion by 2028
Read MoreSmart Water Management Market to be Worth $69.60 Billion by 2030
Read MoreVideo Conferencing Market Worth $24.4 Billion by 2028
Read MoreSCADA Market to be Worth $18.7 Billion by 2031
Read MoreGeospatial Analytics Market Worth $256 Billion by 2028
Read MoreAI in Manufacturing Market to Reach $84.5 Billion by 2031
Read MoreDigital Signage Market Worth $19.44 billion by 2027
Read MoreGraph Analytics Market Worth $2.03 Billion by 2027
Read MoreSmart Cities Market to be Worth $3,967.7 Billion by 2031
Read MoreAutomotive IoT Market Worth $541.73 billion by 2025
Read MoreDigital Twin Market to Be Worth $183 Billion by 2030
Read MoreFinTech Blockchain Market Worth $36.04 billion by 2028
Read MoreE-commerce Market to be Worth $21,168.6 Billion by 2030
Read MoreBlockchain Technology Market worth $28,248.7 million by 2025
Read MoreParking Management Market to be Worth $12.3 Billion by 2031
Read MoreArtificial Intelligence in Retail Market to Reach $92.7 Billion by 2031
Read MoreAgriculture IoT Market Worth $22.6 billion by 2028
Read MoreMobile Edge Computing (MEC) Market Worth $2.8 billion by 2027
Read More