Electronic Shelf Label Market Outlooks 2020: Market Trends, Latest Developments in Manufacturing Technology and Forecasts to 2027
Global Electronic Shelf Label Market Forecast to 2027 The global electronic shelf label market is expected to reach USD 3.14 Billion by 2027, according to a new report by Reports and Data. Electronic shelf labels (ESLs) are observing an escalation in demand for their use in exhibiting product prices in retail stores. These are generally affixed to retail shelves' front edge and employs LCD or E Ink™ displays and centralized pricing system (to align and coordinate fluctuations in pricing across different levels) to present the current product prices to the customers. Further, ESLs allow for dynamic pricing that adapts to several factors such as an increase in price to consider low inventory; or drop in price to get a competitive edge or allow for the rapid sale of items that are approaching their expiration date. The report also covers the impact of the COVID-19 pandemic on the Electronic Shelf Label market and major segments. The pandemic has affected every industry vertical...