Electronic Shelf Labels Market Rising Business
Opportunities with Prominent Investment Ratio
Electronic Shelf Label Market was valued at US$ 366.8 million in 2016 and
is expected to witness a CAGR at 12.9% during the forecast period (2017
– 2025).
The global electronic shelf label market was valued at US$ 366.8 million in 2016 and is expected
to witness a CAGR at 12.9% during the forecast period (2017 – 2025). Electronic shelf labels are
the small display units utilized for the price display, predominantly in retail stores that include
food, electronics, do it yourself (DIY), gardening, cosmetics, drugstore, and industrial
applications among few others. These products are featured with centrally controlled price
upgrade across the store, which helps in reducing considerable amount of effort, waste
management and time that can be utilized for enhancing the consumer engagement and
satisfaction. High-speed updates of pricing, promotional messaging, increased readability and
contrast of distinct ESL products also help in improving the product up-lift and store margins.
Growing demands for retail automation across the globe and the convenience offered by these
products are expected to be among the prominent factors driving the electronic shelf label
market growth.
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