According to a market report by Lucintel, the future of the global smart shelf market looks promising with opportunities in the planogram management, inventory management, pricing management, and content management applications. The global smart shelf market is expected to reach an estimated $11.0 billion by 2028 with a CAGR of 23% from 2023 to 2028. The major drivers for this market are increasing demand for real-time inventory data in the retail sector, rising penetration of advanced technology like IoT and RFID to solve warehouse difficulties, and growing adoption of electronic labels among stores.
In this market, hardware, software, and service are the major segments of smart shelf market by component. Lucintel forecasts that software will remain the largest segment over the forecast period because of significant demand for software-based smart shelves to keep track on sales and return on investments (ROI) records, consumer behavior and loyalty patterns, maintaining product categories, and analysis of campaign success rate.
Within this market, inventory management will remain the largest segment due to significant usage of smart shelves to efficiently manage inventories by monitoring stock and delivering alerts whenever stock is low or an item is placed incorrectly on a shelf.
Europe will remain the largest region over the forecast period due to presence of key players, huge demand for smart shelves in retail, logistic, and healthcare, and continuous expansion of retailers in France.
Honeywell, Huawei Technologies, Trax Technology Solutions, Samsung Electronics, and Lenovo PCCW Solutions are the major suppliers in the global smart shelf market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart shelf market by component, enterprise size, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Smart Shelf Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global smart shelf market by component, enterprise size, application, and region, as follows:
Smart Shelf Market by Component [Shipment Analysis by Value from 2017 to 2028]:
Hardware
Software
Services
Smart Shelf Market by Enterprise Size [Shipment Analysis by Value from 2017 to 2028]:
SMEs (Small and Medium Enterprise)
Large Enterprise
Smart Shelf Market by Application [Shipment Analysis by Value from 2017 to 2028]:
Planogram Management
Inventory Management
Pricing Management
Content Management
Others
Smart Shelf Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global smart shelf market by component (hardware, software, and services), enterprise size (SMEs and large enterprise), 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?