As per the research report titled ‘Global Electronic Shelf Label Market Size study, By Component (Displays, Batteries, Transceivers, Microprocessors, Others), By Product Type (Full-graphic E-paper, Segmented E-paper, Liquid Crystal Displays), By Communication Technology (Radio Frequency, Infrared, Near-field Communication, Others), By End User (Retail, Industrial), and Regional Forecasts 2022-2028’ available with MarketStudyReport, global electronic shelf label market is set to showcase a decent growth through the forecast timeframe and subsequently reach a decent valuation by the end of 2028.

Growing popularity of retail automation, in consort with increasing demand for price optimization, and rapid digitalization across retail stores are the major factors driving global electronic shelf label market growth.

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For those unaware, an electronic shelf label, or a digital price tag as it is commonly known, is heavily utilized by shop owners for displaying the prices of products on shelves, while automatically updating them according to the changes in the central server.

Moreover, the shift from manual to automated operations in the retail sector as well as steady penetration of advanced technologies in emerging economies are likely to broaden revenue margins for industry in the upcoming years.

Despite the positive outlook, the expensive nature of installation and maintenance of these solutions as well as lack of a robust infrastructure for proper functioning of wireless technology pose as major challenges in worldwide electronic shelf label market that stakeholders will have to overcome during the analysis timeframe.

For the sake of a comprehensive assessment, the overall market landscape is bifurcated on the basis of product type, communication technology, end user, and regional terrain. Each division is critically analyzed for readers to understand major avenues for revenue generation.

Concerning geographical terrain, Europe market is slated to register significant revenue share during the projected timeline, due to supportive government policies as well as surging expenditure on technological advancements.

Whereas North America industry is estimated to record considerable CAGR through 2028 due to easy availability of processing machinery, presence of notable retail players, and soaring demand for full graphic e-paper display in the region.

The competitive framework of global electronic shelf label industry is defined by key players such as NZ Electronic Shelf Labelling Ltd., Diebold Nixdorf, Teraoka Seiko Co. Ltd., Opticon Sensors Europe B.V., M2.0 Communications Inc., Pricer AB, SES-imagotag SA, and Samsung Display Solutions among others.