Smart Shelves Market Projected to Reach $10.62 Billion by 2030

Smart Shelves Market Projected to Reach $10.62 Billion by 2030

Smart Shelves Market - 2023-2030 Meticulous Research a leading global market research company, published a research report titled, 'Smart Shelves Market by Offering (Hardware, Software, Services), Application (Inventory Management, Remote Monitoring, Demand Forecasting, Pricing Management, Others), End User (Hypermarkets, Supermarket, Others), & Geography - Global Forecast to 2030. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5705?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=14-05-2024 In its latest report, Meticulous Research projects the smart shelves market to soar to $10.62 billion by 2030, marking a remarkable CAGR of 22.8% from 2023 to 2030. The surge in this market is underpinned by various factors, including the heightened emphasis of retail businesses on maintaining optimal inventory levels, the increasing adoption of electronic shelf labels for streamlined pricing management, and the escalating consumer demand for enhanced in-store experiences. Moreover, the integration of advanced technologies in retail settings and the proliferation of smart stores are poised to unlock substantial growth avenues for stakeholders in the smart shelves market. However, certain challenges loom over this market's expansion, such as the sluggish technology adoption in the unorganized retail sector and the burgeoning shift towards E-commerce platforms. Additionally, concerns regarding data security and privacy are anticipated to pose obstacles to market growth. Breaking down the market dynamics, the report segments the global smart shelves market into hardware, software, and services. It anticipates the hardware segment to dominate the landscape in 2023, driven by the escalating number of smart stores and the surging adoption of electronic shelf labels for automated pricing and inventory monitoring. On the technological front, the report forecasts the software segment to exhibit the highest CAGR during the forecast period, owing to the escalating demand for smart shelf software among retailers to streamline pricing updates and inventory tracking in real-time. Diving deeper into applications, inventory management emerges as the dominant segment in 2023, fueled by intensifying competition among retailers and the imperative to optimize shelf stock. Conversely, the demand forecasting segment is poised to witness the highest growth trajectory, fueled by the pressing need to enhance inventory optimization and supply chain efficiency. From an end-user perspective, hypermarkets are anticipated to command the largest market share in 2023, propelled by their relentless pursuit of advanced technologies and the growing deployment of digitalized price labels for dynamic pricing strategies. Conversely, department stores are projected to register the highest CAGR during the forecast period, driven by their focus on delivering superior customer service and leveraging smart shelves with digital displays for personalized advertisements. Geographic Overview: Geographically, Asia-Pacific is poised to lead the global smart shelves market in 2023, driven by the rapid development of economies, burgeoning technology investments in the retail sector, and the widespread adoption of electronic shelf labels to enhance the customer experience. Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Smart Shelves Market - 2023-2030 Key Players: Key players in the smart shelves market landscape include industry stalwarts like Intel Corporation, Pricer AB, and SES-imagotag, among others, who are actively engaged in product development and enhancement initiatives to capitalize on emerging opportunities and address evolving customer needs. Buy Now@ https://www.meticulousresearch.com/Checkout/41165508?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=14-05-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com