Global Smart Shelf Management Market, By Retail Outlet (Departmental Stores, Supermarket, Discount Stores, Supermarket, Specialty Stores, Others), Platform (Device Management, Application Enablement), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Smart Shelf Management Market Analysis and Insights : Global Smart Shelf Management Market
Smart shelf management market will reach at an estimated value of USD 640.37 million and grow at a CAGR of 7.60% in the forecast period of 2021 to 2028. Rising adoption of smart shelves as they provide benefits to both customers along with hypermarkets acts as an essential factor driving the smart shelf management market.
Smart shelves is referred as the shelf which is transistorized with a radio frequency identification reader (RFID) sensor which is equipped inside, above or behind the shelves. An electronic shelf label (ESL) system is generally used by retailers for displaying product pricing on shelves and the product pricing is automatically updated whenever a price is changed from a central control server.
Increasing consumer expectation of smart shelf management is a crucial factor accelerating the market growth, also increasing profit maximization of the retail stores, increasing consumer expectation for personalization and customization, increasing share of the economy, increase in the demand for smart shelves market due to the rising population, rising disposable income, rising competition among the retailers to provide elevated customer experience, increasing government initiatives towards the adoption of technology in North America and Europe, rising need for increasing in-store operational efficiency in retail stores in Germany, rising adoption of time and cost-efficient alternatives in retail in Asia Pacific and increase in the demand for the solutions from retail industry in Latin America are the major factors among others boosting the smart shelf management market. Moreover, flourishing retail sector with expansion of leading retailers in Asia Pacific, rising research and development activities in the market and rising technological advancements and modernization in the production techniques will further create new opportunities for smart shelf management market in the forecast period mentioned above.
However, higher cost of smart shelves, increasing initial investments for unorganized retailers, rising low labor wages and lack of skilled labor force and rising impact of coronavirus (COVID-19) pandemic are the major factors among others restraining the market growth, and will further challenge the smart shelf management market in the forecast period mentioned above.
This smart shelf management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart shelf management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Shelf Management Market Scope and Market Size
Smart shelf management market is segmented on the basis of retail output and platform. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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 Shelf Management Market Scope Country Level Analysis
Smart shelf management market is analysed and market size, volume information is provided by country, retail output and platform as referenced above.
The countries covered in the smart shelf management market report are 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).
Asia-Pacific dominates the smart shelf management market due to the increasing population, rising disposable income, increasing profit maximization of the retail stores, increasing consumer expectation for personalization and customization and increasing share of the economy in this region.
The country section of the smart shelf management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Shelf Management Market Share Analysis
Smart shelf management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart shelf management market.
The major players covered in smart shelf management market report are 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 and ALLERIN TECH PVT LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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