Electronic Shelf Labels (ESL)Market Size Analysis
The global electronic shelf labels market size is predicted to reach USD 1,251.4 million by 2025, exhibiting a remarkable CAGR of 23.1% during the forecast period. The increasing implementation of IoT and cloud computing in the retail industry will augment the healthy growth of the market during the forecast period. Moreover, the increasing government initiatives for the development of smart cities and the expansion of IoT industry will contribute positively to the electronic shelf labels market revenue during the forecast period. For instance, Draft Policy on Internet of Things, the Government of china’s plans on developing 168 smart cities in the country, with an allocated budget is huge crores along with the quick expansion of IoT in the country.
As the popular technology LCD E-Paper, Bluetooth Low Energy (BLE), and Near Field Communication (NFC),we all focus on Hypermarket or Supermarket ,the Forecast for 2021-2025 is positive, Much of the report mentioned several factors that have impacted the electronic shelf labels market growth and share in recent years. Besides providing insights on the growth stimulators, it reveals a few factors that have restricted the market growth. Sertag company own a few of leading products, the competitive landscape has been discussed in in-depth Forecast values for the market have been provided for the period of 2021 to 2025. Moreover, we recognize areas that have witnessed the highest demand and applications for the product in recent years.