According to a market report by Lucintel, the futures of the smart shelve market looks promising with opportunities in the planogram, inventory, pricing, and content management. The global smart shelve market is expected to grow with a CAGR of 22% to 24% from 2023 to 2028. The major drivers for this market are growing demand for simplification of workflow at retail stores and rising demand to maintain accuracy in inventory & supply chain optimization in retail.
Hardware, software & solutions, and professional services are the major segments of smart shelve market by component. Lucintel forecasts that software and solutions will grow at higher CAGR over the forecast period as these are the essential tools and platforms to build connectivity between shelf components and the cloud servers & gateway.
Within this market, inventory management will remain the largest application segment over the forecast period due to the increasing demand for inventory surveillance stock shelve that will keep track of low stock cases, theft, and disarrangement.
Europe is expected to remain the largest region over the forecast period due to existence of large number companies including SES Imagotag and Pricer.
SES-Imagotag, Pricer, Trax, Avery Dennison, Samsung, E Ink, Intel, Huawei, Honeywell, Solum, NEXCOM, DreamzTech Solutions, and Sennco companies are among the major suppliers of smart shelves.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart shelve market by component, organization size, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Smart Shelve Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global smart shelve market by component, organization size, application, and region as follows:
Smart Shelve Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
· Hardware
oRFID Tags and Readers
oElectronic Shelf Labels
oIOT Sensors
oOthers
· Software and Solutions
· Professional Services
Smart Shelve Market by Organization Size [Value ($B) Shipment Analysis from 2017 to 2028]:
· SMEs
· Large Enterprises
Smart Shelve Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Planogram Management
· Inventory Management
· Pricing Management
· Content Management
· Others
Smart Shelve Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Smart Shelve Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global smart shelve market by component (hardware {RFID tags and readers, electronic shelf labels, IOT sensors, and others}, software and solutions, and professional services), organization size (SMEs and large enterprises), application (planogram management, inventory management, pricing management, content management, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?