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Oct 26, 2023

Electronic Shelf Label Market [USD 9192.22 Mn Revenue By 2033]

Updated · Mar 29, 2023 Published Via 11Press: Electronic Shelf Labels (ESLs)

Updated · Mar 29, 2023

Published Via 11Press: Electronic Shelf Labels (ESLs) are digital price tags used to display product data and pricing in retail stores. Often, ESLs employ e-paper technology which produces clear images and text with minimal power consumption. Electronic Shelf Labels Market connect directly to a store's inventory and pricing systems, providing accurate product info in real-time. This enables retailers to adjust prices automatically in response to changes in market conditions, promotions or sales quickly.ESLs can offer retailers many advantages, such as increased efficiency, decreased costs and enhanced customer experience.

The Electronic Shelf Label Market size is expected to reach USD 9192.22 Mn by 2033, up from its current value of USD 1238.3 Mn in 2022, growing at an annual compound growth rate (CAGR) of 19.99% from 2023-2033.

By automating the price tagging process, retailers save both time and money on labor-intensive manual pricing and tagging tasks. ESLs can also minimize pricing mistakes and enhance inventory management, helping retailers prevent overstocking or understocking products. Additionally, ESLs can improve customer experiences by providing accurate pricing data, eliminating any confusion or frustration caused by discrepancies between in-store prices and online prices. They may also provide extra product info like nutritional facts or customer reviews which helps shoppers make more informed purchasing decisions.

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Electronic Shelf Label Market, by Component

1. Hardware

Labels (Product) Type

Infrastructure

2. SoftwarePricing and Shelf Management SoftwareOther Digital Infrastructure

3. ServicesSupport and MaintenanceInstallationTraining and Consulting

Electronic Shelf Label Market, by Communication Technology

Electronic Shelf Label Market, by End-use

Growing Demand => Request for Customization

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