The global market prospect of electronic shelf labels

The global market prospect for Electronic Shelf Labels (ESL) is expected to be positive in the coming years. The ESL technology has gained significant traction in the retail industry, and it is expected to continue growing as retailers worldwide seek to improve their pricing and inventory management processes and enhance the in-store shopping experience for their customers.

According to a report by MarketsandMarkets, the global ESL market size is projected to grow from USD 697 million in 2021 to USD 1,403 million by 2026, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. The report cites several factors driving the growth of the Electronic Shelf Label market, including the increasing adoption of automation and digitalization in the retail industry, the need for efficient price and inventory management, and the growing demand for improved in-store customer experience.

Moreover, the COVID-19 pandemic has accelerated the adoption of Electronic Shelf Labels in the retail industry as many retailers have had to implement new technologies to cope with the increased demand for contactless shopping experiences. Electronic Shelf Labels provide retailers with the ability to change prices in real-time, enabling them to quickly adapt to changing market conditions and maintain competitiveness.

The Digital Shelf Label market is expected to see significant growth in the coming years as retailers continue to seek ways to enhance their operations and provide a better shopping experience for their customers.