Grocery retailers are at the forefront of digital innovation.
The Kroger Co., the world’s third-largest retailer, has been aggressively driving transformation in recent years, and it showcased innovative products like smart shelves powered by IoT sensors at National Retail Federation(NRF), the world’s largest retail trade association. Its collaboration with Microsoft to launch a new Retail as a Service (RaaS) offering for retailers marks a new chapter in the company’s transformation by introducing new Business-to-business (B2B) revenue models.
During the forecast period, Europe would have the highest market size.
In terms of sales, Europe accounted for the largest market share in the global smart shelves market in 2020, and it is projected to maintain its dominance over the forecast period. Europe will be the secondand third-largest smart shelves markets, respectively, in terms of market size. The Asia Pacific and North America will be the secondand third-largest smart shelves markets, respectively. The demand for advanced and quick retail processes, as well as a highly interactive retail climate, all are contributing to the growth of the electronic smart shelves market in Europe.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than XX%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level.
The study is consolidated on the basis of two major segments and further into sub-segments, Component (RFID Tags and Readers, ESL, IoT Sensors, and Software and Solutions), Application (Inventory Management, Pricing Management, Content Management, and Planogram Management), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players – Happiest minds, Intel, PCCW Solutions, Avery Dennison, Honeywell, Huawei Technologies Co. Ltd., NXP Semiconductor, E-Ink Holdings, Samsung Electronics, DIEBOLD NIXDORF, Incorporated, Software AG, SoluM, MINEW, TraxRetail, NEXCOM, and others.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Smart Shelves Market.”
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