Smart shelves market is anticipated to grow at a significant CAGR of 21.4% during the forecast period. Smart Shelves are technology-enabled shelves used to automatically track inventory in retail stores. It enables retailers to check inventory levels and know when a product is out of stock. It enables real-time stock information and inventory management, correct product positioning and alerts if products are displaced real-time shelf tags updates, effective and customized product information display, optimized store performance, and enhanced customer service. Thus, increasing demand for real-time stock information and inventory management in the retail sector, growing implementation of technologies such as IoT and RFID in retail, and growing investment in Smart Shelves and related startups are factors driving the growth of the global smart shelves market. For instance, in May 2022, Avery Dennison Corporation shared details of major investments aimed at expanding its manufacturing capacity and improving factory efficiency in Europe to meet the growing demand for its label and packaging materials. The company announced an investment of USD 45.19 million for the expansion of its facilities at Champ-sur-Drac, France.
The global smart shelves market is segmented based on the component, enterprise size, and application. Based on the component, the market is segmented into hardware (RFID tags & readers, electronic shelf labels, IoT sensors, and others), software, and services. Based on the enterprise size, the market is sub-segmented into SMEs and large enterprises. Based on the application, the market is sub-segmented into the planogram management, inventory management, pricing management, content management, and others. Among Hardware, electronic shelf labels are anticipated to have considerable growth during the forecast period.
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Smart Shelves Market Segmentation
By Component
- Hardware
- RFID Tags & Readers
- Electronic Shelf Labels
- IOT Sensors
- Others
- Software
- Services
By Enterprise Size
- SMEs
- Large Enterprise
By Application
- Planogram Management
- Inventory Management
- Pricing Management
- Global Smart Shelves Market by e5
- Pricing Management
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Diebold Nixdorf, Inc.
- DREAMZTECH US INC.
- Happiest Minds Technologies
- Honeywell International Inc
- Huawei Technologies Co., Ltd.
- MAGO S.A.
- NXP Semiconductors N.V.
- PCCW Enterprises Ltd.
- Samsung Electronics Co., Ltd.
- Sennco Solutions, Inc.
- Software AG
- SOLUM Europe Gmbh
- TroniTAG GmbH
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