The global Smart Shelves market size is projected to reach US$ 6.5 billion by 2027, from US$ 3.2 billion in 2020, at a CAGR of 10.47% during 2021-2027. The adoption of enhanced inventory management by retailers to make smarter restocking decisions and real-time engagements, as well as the use of automation and intelligence solutions by retailers to provide better shopping experiences to customers, are two major factors driving the Smart Shelves market.
The research report studies the Smart Shelves market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
During the forecast period, the software segment is expected to be the most lucrative. Software and solutions are crucial platforms and tools that are used to establish connectivity between shelf components and cloud servers and gateways. Smart shelf software is used for in-store execution, promotion compliance, category analysis and planning, store monitoring and intelligence, inventory optimization, price, and planogram monitoring, to name a few.
Based on region, Europe is expected to be the most lucrative. This growth in the region is likely to be fueled by high penetration of ESL in regional retail, particularly in nations like France, Italy, Belgium, Germany, and other European countries.
The global Smart Shelves market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Shelves market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
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Report Metric |
Details |
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Report Name |
Smart Shelves Market |
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The market size in 2020 |
USD 3.2 Billion |
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The revenue forecast in 2027 |
USD 6.5 Billion |
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Growth Rate |
CAGR of 10.47% from 2021 to 2027 |
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Market size available for years |
2021-2027 |
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Forecast units |
Value (USD) |
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Segments covered |
Type, End-User, Offerings, and Region |
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Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
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Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global Smart Shelves market size is projected to reach US$ 6.5 billion by 2027, from US$ 3.2 billion in 2020, at a CAGR of 10.47% during 2021-2027.
Ans. Europe will provide more business opportunities for Smart Shelves in future.
Ans. The adoption of enhanced inventory management to make smarter restocking decisions and real-time engagements are expected to drive the growth of the smart shelves market.
Ans. Some key players operating in the Smart Shelves are SES-imagotag, Pricer AB, Trax Technology Solutions, Avery Dennison Corporation, Samsung Electronics, E Ink Holdings, Huawei Technologies, Intel Corporation, Honeywell International, SOLUM Europe Gmbh, Happiest Minds, PCCW Solutions, NXP Semiconductor, DIEBOLD NIXDORF, Dreamztech Solutions, Sennco Solutions, MAGO, SES-IMAGOTAG, AWM Smart Shelf.
List of Tables & Figures
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