Smart Shelves Market

Smart Shelves Market Size

             2020                         2024-2032      

Report	Details
Market Size Value	USD 1.9 billion in 2020
Market Size Value	USD 8.5 billion by 2027
CAGR	25.1%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020

After the upsurge in the e-commerce trend, customers have many options leading to a massive decline in their dependency on brick-and-mortar retail stores. In order to reduce the side effects of these challenges, retailers are acquiring modern-age technologies, such as IoT, ESL, and smart shelves. The center on the adoption of IoT for operation optimization and asset management is high. The prime factors propelling the Smart Shelves market include adoption of inflate inventory management by retail to make smarter restocking decisions and real-time engagements, and use of automation and intelligence solutions by retail to provide better shopping experience to customers. However, privacy concerns related to inbuilt data tags is one of the restraining factors for the market growth in coming years.

The Smart Shelves market is segmented by component, application, retail outlet and geography. Smart shelves furnished with weight sensors, proximity sensors, RFID tags and readers, and NFC-enabled are attracting many retailers as it is the advanced automated solution for keeping track of inventory and out-of-stock items. With the help of computer vision technologies and 3D cameras, these smart shelves help not only in inventory management but provide analysis of what consumer wants.

The APAC region is expected to hold major market share in the forecasted period. The prime evolving countries in APAC, such as China, Japan, Australia, Singapore, and South Korea, are expected to be potential markets for the smart shelves market. The economic reform programs of various countries in APAC are creating growth opportunities for the manufacturers of the smart shelves market. In addition, the expansion of large-scale retailers in this region is also responsible for the expected high growth rate of the smart shelves market in APAC.

The research covers the current and historic Smart Shelves market size and its growth trend with company outline of Key players/manufacturers: Happiest minds, Intel, PCCW Solutions, Avery Dennison, Honeywell, Huawei Technologies Co. Ltd, NXP Semiconductor, E-Ink Holdings, Samsung Electronics, DIEBOLD NIXDORF, Incorporated, Software AG, SoluM, MINEW, TraxRetail, NEXCOM, Pricer, Dreamztech Solutions Inc among others

The Smart Shelves market research report provides an in-depth overview of the industry including market segmentation by component, application, retail outlet and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. The Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.

The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.

Market Analysis and Insights: Smart Shelves Market Analysis & Insights

Smart Shelves Market Scope and Market Size

Smart Shelves market is segmented by component, application, retail outlet and geography. Players, stakeholders, and other participants in the global Smart Shelves market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.

Report further studies the market development status and future and Smart Shelves Market trend across the world. Also, it splits Smart Shelves market segmentation by component, application, retail outlet and geography to deep dive research and reveals market profile and prospects.

Major Classifications are as follows:

By Component

• RFID Tags
• Readers
• ESL
• IoT Sensors
• Cameras
• Software and Solutions

By Application

• Inventory Management
• Pricing Management
• Content Management
• Planogram Management

By Retail Outlet

• Departmental Stores
• Supermarket
• Discount Stores
• Supermarket
• Specialty Stores
• Others ( Dollar stores, malls, pharmacy store)

By Region

• North America
• Europe
• Middle East and Africa (MEA)
• Asia-Pacific (APAC)

Reason to purchase this report:

• Determine prospective investment areas based on a detailed trend analysis of the global Smart Shelves market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different and Smart Shelves market segments in the top spending countries across the world and identify the opportunities offered by each of them.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global Smart Shelves market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Smart Shelves market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

Table of Contents:

1. EXECUTIVE SUMMARY
2. INTRODUCTION
   • Key Takeaways
   • Report Description
   • Market Scope & Definition
   • Stakeholders
   • Research Methodology
     • Market Size
     • Key Data Points From Primary Sources
     • Key Data Points From Secondary Sources
     • List Of Primary Sources
     • List Of Secondary Sources

1. MARKET OVERVIEW
   • Industry Segmentation
   • Market Trends Analysis
   • Major Funding & Investments
   • Market Dynamics
     • Drivers
     • Restraints
     • Opportunities
   • Value Chain Analysis
   • Porter’s Five Forces Analysis
2. IMPACT OF COVID-19 ON SMART SHELVES MARKET
   • Impact of Covid-19 On Market, By Component
   • Impact Of Covid-19 On Market, By Application
   • Impact Of Covid-19 On Market, By Retail Outlet
   • Impact of Covid-19 On Market, By Region
3. SMART SHELVES  MARKET, BY COMPONENT
   • Introduction
   • RFID Tags
   • Readers
   • ESL
   • IoT Sensors
   • Cameras
   • Software and Solutions
4. BY APPLICATION
   • Introduction
   • Inventory Management
   • Pricing Management
   • Content Management
   • Planogram Management
5. BY RETAIL OUTLET
   • Introduction
   • Departmental Stores
   • Supermarket
   • Discount Stores
   • Supermarket
   • Specialty Stores
   • Others ( Dollar stores, malls, pharmacy store)
6. BY GEOGRAPHY
   • North America
     • U.S.
     • Canada
   • Europe
     • Germany
     • U.K.
     • France
     • Rest of Europe
   • Asia Pacific
     • China
     • Japan
     • India
     • Rest Of Asia Pacific
   • Rest of the World
     • Middle East
     • Africa

1. COMPETITIVE ANALYSIS
   • Introduction
   • Top Companies Ranking
   • Market Share Analysis
   • Recent Developments
     • New Product Launch
     • Mergers & Acquisitions
     • Collaborations, Partnerships & Agreements
     • Rewards & Recognition

1. COMPANY PROFILES
   • Happiest minds,
   • Intel,
   • PCCW Solutions,
   • Avery Dennison,
   • Honeywell,
   • Huawei Technologies Co. Ltd,
   • NXP Semiconductor,
   • E-Ink Holdings,
   • Samsung Electronics,
   • DIEBOLD
   • NIXDORF,
   • Incorporated,
   • Software AG,
   • SoluM, MINEW,
   • TraxRetail,
   • NEXCOM,
   • Pricer,
   • Dreamztech Solutions Inc