Smart Shelves Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2023-2032.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Smart Shelves market include Pricer AB, Trax Technology Solutions Pte Ltd., Avery Dennison Corporation, Samsung Electronics Ltd., E Ink Holdings, Honeywell International Inc, Happiest Minds, SOLUM Europe Gmbh, Sennco Solutions, Inc., MAGO S.A. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The smart shelves market is experiencing growth driven by a convergence of factors that make these advanced shelving systems increasingly appealing across various industries. These intelligent shelves are designed to streamline inventory management by providing real-time tracking, reducing stockouts and overstocking, and ultimately lowering costs. In the retail sector, they contribute to the industry's digital transformation by enhancing in-store shopping experiences through interactive displays, product information, and data on customer behavior. One of the central drivers is the need for data-driven decision-making. Smart shelves collect valuable information on product popularity, inventory levels, and customer preferences. This data is analyzed to optimize inventory, pricing, and marketing strategies. In addition, the adoption of IoT technology and connectivity solutions has paved the way for the development and deployment of smart shelves. Moreover, smart shelves are not limited to retail; they have applications in healthcare for medical supply tracking and in libraries for automating book checkouts. Customizing and integrating smart shelves with existing systems further adds to their appeal. As businesses seek efficient operations, improved customer engagement, and cost-effective solutions, the demand for smart shelves will continue growing, especially as technology advances and consumers expect increasingly innovative and convenient shopping experiences.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart shelves. The growth and trends of smart shelves industry provide a holistic approach to this study.
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Market Segmentation
This section of the smart shelves market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Hardware
- Software
- Services
By Enterprise Size
- SMEs
- Large Enterprise
By Application
- Planogram Management
- Inventory Management
- Pricing Management
- Content Management
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Smart Shelves market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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According to a new market research report "Smart Shelves Market by Component (RFID Tags and Readers, ESL, IoT Sensors, Cameras, and Software and Solutions), Application (Inventory Management, Pricing Management, Content Management, and Planogram Management), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size expected to grow from USD 1.8 billion in 2020 to USD 7.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period.Browse in-depth TOC on "Smart Shelves Market”272- Tables45- Figures228- PagesDownload Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101938228Happiest minds (India), Intel (US), PCCW Solutions (Hong Kong), Avery Dennison (US), Honeywell (US), Huawei Technologies Co. Ltd (China), NXP Semiconductor (The Netherland), E-Ink Holdings (Taiwan), Samsung Electronics (South Korea), DIEBOLD NIXDORF, Incorporated (US), Software AG (Germany), SoluM (South Korea), MINEW (China), TraxRetail (Singapore), NEXCOM (Taiwan), Pricer (Sweden), Dreamztech Solutions Inc (US), Sennco Solutions, Inc (US), Tronitag (Germany), MAGO S.A. (Poland), SES-IMAGOTAG (France), AWM Smart Shelf (US), Wiseshelf (Israel), Trigo (Israel), Caper (US), Zippin (US), and Focal Systems (UK) are some of the key players considered in the Smart Shelves Market.
Companies offering smart shelves currently focus on organic strategies, such as new product launches and product enhancements, to be competitive in the market.The retail sector is undergoing massive changes, owing to the growing challenges faced by retailers.
Retailers struggle to cope with challenges, such as the ever-changing customer expectations, declining customer loyalty, internal communication gap, employee retention, and management of operational efficiency.
The increasing deployment of interactive vending machines, smart kiosks, and contactless payment technologies in retail stores proves that retailers target new revenue opportunities to enhance their hold over customers.MarketsandMarkets has segmented the global Smart Shelves Market into components (hardware, software and solutions, and professional services), organization size, applications, and regions.
By organization size, the report covers large enterprises and SMEs.
The report also focuses on applications of the Smart Shelves Market, which includes planogram management, inventory management, pricing management, content management, and other applications.
