The Global Smart Shelf Management Market is expected to grow at a compound annual growth rate of 7.60% in the forecast period of 2021 to 2028 and is likely to reach a value of USD 640.37 million by 2028. The rise in the consumer expectation of smart shelf management is a significant factor driving the market growth rate.
Likewise, the rise in the research and development activities in the market and rapid technological advancements and modernization in the production techniques will produce lucrative opportunities for the growth of the smart shelf management market.
Smart Shelf Management Market Scenario
According to Data Bridge Market Research the market for smart shelf management is expected to gain growth because of the rapid rise in profit maximization of the retail stores. Also the increase in the consumer expectation for personalization and customization and rise in the share of the economy are also expected to fuel the demand of the smart shelf management market over the forecast period of 2021 to 2028. Whereas, the high cost of smart shelves and high initial investments for unorganized retailers are expected to hinder the growth of the smart shelf management market in the aforementioned forecast period.
Now the question is which are the other regions that smart shelf management market is targeting? Data Bridge Market Research has estimated Asia-Pacific to dominate the market due to the rise in the population, high disposable income and increase in the profit maximization of the retail stores.
For more analysis on the smart shelf management market request for a briefing with our analystshttps://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-smart-shelf-management-market
Smart Shelf Management Market Scope
Smart shelf management market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
- All country based analysis of smart shelf management market is further analyzed based on maximum granularity into further segmentation. On the basis of retail output, smart shelf management market is segmented into departmental stores, supermarket, discount stores, supermarket, specialty stores and others. The smart shelf management market is also segmented on the basis of platform into device management and application enablement.
- Smart shelves are the type of shelf which is transistorized with a radio frequency recognition reader (RFID) sensor which is outfitted inside, above or behind the shelves.
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Key Pointers Covered in the Smart Shelf Management Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Mondelez International
- Microsoft
- WestRock Company
- Telink
- Sennco Solutions, Inc.
- Panasonic UK & Ireland
- newave sensorSolutions
- Cisco
- IBM Corporation
- Intel Corporation
- PTC
- Huawei Technologies Co., Ltd
- Sierra Wireless
- Software AG
- Accenture
- Bosch.IO GmbH
- Oracle
- AT&T Intellectual Property
- Happiest Minds
- ALLERIN TECH PVT LTD
Above are the key players covered in the report, to know about more and exhaustive list of smart shelf management companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-smart-shelf-management-market
Research Methodology of Global Smart Shelf Management Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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