![]() ![]() Request a Sample Copy of the Global Market Research Report: These drastic developments have forced companies and retail franchises to delay or cancel their ESL deployment plans, which will inevitably hamper the electronic shelf label market growth. In India, retailers such as the Prestige Group reported a staggering drop of in want-based purchases, which drive 80% of sales in the country. Declining sales and falling demand forced high street retailers such as Oasis and Warehouse to shut down their stores across the UK. According to the London-based research initiative, UK in a Changing Europe, footfall in retail stores has slumped by 85%, since the announcement of lockdown in the country. With governments around the globe imposing strict social distancing measures, fears of contracting the infection mounting, and severe economic downturn caused by the COVID-19 pandemic, physical retail outlets have been forced to grapple with sharp declines in footfall traffic. ![]() Reduced Footfalls in Physical Stores amid COVID-19 to Dampen Market Prospects In-depth evaluation of the key market players and careful study of their growth strategies.Granular analysis of the regional dynamics influencing the market and.Actionable insights into the upcoming trends, drivers, restraints, and opportunities in the market.Detailed examination of the various market segments and their contribution to market growth.For example, in 2019, a US-based retail company, Kroger, partnered with Microsoft to develop EDGE (Enhanced Display for Grocery Environment) shelf, a proprietary technology that displays from every aisle and shelf in a store using sensors equipped with the Internet of Things (IoT) technology.Ĭlick here to get the short-term and long-term impact of COVID-19 on this market.Īs per the report findings, the global market value stood at USD 630.8 million in 2019. This emerging trend has opened wide opportunities for market players. Electronic shelf label systems have been proven to elevate the efficiency in retail stores as these systems enable optimized buying and check-out processes, streamlining of e-commerce activities, smart management of stock, and reduction in labor costs. Increasing deployment of ESL solutions in retail stores is expected to the prime growth driver for this market, shares Fortune Business Insights™ in its report, titled “ Electronic Shelf Label Market Size, Share & COVID-19 Impact Analysis, By Type (LCD based and E-paper based), By Technology (Vendor Facing Technology and Consumer-Facing Technology), By End-use Industry (Hypermarket/ Supermarket, Non-food Retail Stores, Specialty Stores, and Others), and Regional Forecast, 2020-2027”. 13, 2020 (GLOBE NEWSWIRE) - The global electronic shelf label (ESL) market size is projected to reach USD 2,857.6 million by 2027, exhibiting a CAGR of 20.8% during the forecast period. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |