Market Overview:
The global digital price tags market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for digital price tags from retailers due to the benefits offered by these tags over traditional paper-based price tags. Digital price tags offer retailers several advantages such as real-time updates, reduced labor costs, and enhanced customer experience. The global digital price tag market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into standard (1-3 inch), mid-large (3.1-7 inch), and large (7.1-10 inch) segments. On the basis of application, the market is segmented into department stores/mass merchandise, grocery/supermarket, drug stores, specialty stores, and others segments.
Product Definition:
A digital price tag is a computerized system that is used to price items in a retail setting. The tags are linked to the store's inventory system, so that they can be updated as needed. This allows the store to change prices quickly and easily, as well as track how much inventory they have on hand.
Standard (1-3 inch):
The standard measurement for a price tag is 1-3 inches. The growth factor in the Digital Price Tags market is determined by the size of the screen that displays the product information. Larger screens use larger type and smaller screens require smaller type.
Mid-Large (3.1-7 inch):
The mid-large segment is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing demand for these products in various industries such as retail, hospitality, and healthcare. Furthermore, the growing adoption of digital price tags and their integration with point-of-sale (POS) systems across various industries is also expected to drive product demand over the forecast period.
Application Insights:
The others application segment includes online apparel stores, e-commerce marketplaces and digital kiosks. The growth of this segment can be attributed to the growing adoption of price tracking apps on smartphones. Digital price tags are used by many consumers as a convenient medium to record the prices paid for various goods in brick-and-mortar stores and online marketplaces. This has led to an increase in demand from other segments such as department stores, drugstores, supermarkets and specialty stores among others which is expected to drive growth over the forecast period.
Digital price labels offer several advantages including ease of installation on mobile shelves or tabletops since they are wireless; flexibility since they can be changed frequently; cost savings due to their paperless nature; improved accuracy over barcodes resulting in higher customer satisfaction; enhanced inventory control due to real time data capture capabilities while stocking items on shelves or picking products off trucks respectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing e-commerce sales and rapid technological advancements in retail management systems, inventory tracking, and pricing strategies across all major retailers including Walmart, Kroger Co., Inc., and Amazon.com, Inc.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising internet penetration rates coupled with growing consumer awareness regarding online shopping as a convenient alternative for traditional brick-and-mortar shopping trips or visits to multiple stores nearby. Additionally, an increase in foreign direct investments by international companies such as Alibaba Group Holding Ltd.; Google LLC; Temasek Holdings Pte Ltd.; and others are estimated to fuel regional growth during the forecast years from 2018 till 2030 timeframe).
Growth Factors:
- Increasing demand for digital price tags from small and medium-sized businesses (SMBs) due to the benefits of cost savings, efficiency, and scalability.
- Proliferation of Internet of Things (IoT) devices and the growing trend of "smart" retail stores that are using digital price tags to improve customer experience through real-time product information, personalized recommendations, and interactive displays.
- Rapid advancements in digital tag technology that are making them more affordable, versatile, and user-friendly for retailers of all sizes.
- The increasing popularity of online shopping which is driving demand for more sophisticated digital price tag solutions that can provide accurate product information across a variety of channels including webstores, mobile apps, and brick-and-mortar locations.
- Growing awareness among consumers about the benefits of using digital price tags which is helping to fuel adoption rates among retailers
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Price Tags Market Research Report
By Type
Standard (1-3 inch), Mid-Large (3.1-7 inch), Large (7.1-10 inch)
By Application
Department Stores/Mass Merchandise, Grocery/Supermarket, Drug Stores, Specialty Stores, Others
By Companies
SES (imagotag), Pricer, Samsung, E Ink, Displaydata, Opticon Sensors Europe B.V, DIGI, Hanshow Technology, LG innotek, Panasonic, SES (imagotag)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Digital Price Tags Market Report Segments:
The global Digital Price Tags market is segmented on the basis of:
Types
Standard (1-3 inch), Mid-Large (3.1-7 inch), Large (7.1-10 inch)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Department Stores/Mass Merchandise, Grocery/Supermarket, Drug Stores, Specialty Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SES (imagotag)
- Pricer
- Samsung
- E Ink
- Displaydata
- Opticon Sensors Europe B.V
- DIGI
- Hanshow Technology
- LG innotek
- Panasonic
- SES (imagotag)
Highlights of The Digital Price Tags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard (1-3 inch)
- Mid-Large (3.1-7 inch)
- Large (7.1-10 inch)
- By Application:
- Department Stores/Mass Merchandise
- Grocery/Supermarket
- Drug Stores
- Specialty Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Price Tags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital price tags are a type of barcode that can be used to track and manage inventory. They are often found on products in stores, and can be scanned by customers to see the current price of the product.
Some of the major players in the digital price tags market are SES (imagotag), Pricer, Samsung, E Ink, Displaydata, Opticon Sensors Europe B.V, DIGI, Hanshow Technology, LG innotek, Panasonic, SES (imagotag).
The digital price tags market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Price Tags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Price Tags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Price Tags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Price Tags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Price Tags Market Size & Forecast, 2018-2028
4.5.1 Digital Price Tags Market Size and Y-o-Y Growth
4.5.2 Digital Price Tags Market Absolute $ Opportunity
Chapter 5 Global Digital Price Tags Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Price Tags Market Size Forecast by Type
5.2.1 Standard (1-3 inch)
5.2.2 Mid-Large (3.1-7 inch)
5.2.3 Large (7.1-10 inch)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Price Tags Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Price Tags Market Size Forecast by Applications
6.2.1 Department Stores/Mass Merchandise
6.2.2 Grocery/Supermarket
6.2.3 Drug Stores
6.2.4 Specialty Stores
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Price Tags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Price Tags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Price Tags Analysis and Forecast
9.1 Introduction
9.2 North America Digital Price Tags Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Price Tags Market Size Forecast by Type
9.6.1 Standard (1-3 inch)
9.6.2 Mid-Large (3.1-7 inch)
9.6.3 Large (7.1-10 inch)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Price Tags Market Size Forecast by Applications
9.10.1 Department Stores/Mass Merchandise
9.10.2 Grocery/Supermarket
9.10.3 Drug Stores
9.10.4 Specialty Stores
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Price Tags Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Price Tags Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Price Tags Market Size Forecast by Type
10.6.1 Standard (1-3 inch)
10.6.2 Mid-Large (3.1-7 inch)
10.6.3 Large (7.1-10 inch)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Price Tags Market Size Forecast by Applications
10.10.1 Department Stores/Mass Merchandise
10.10.2 Grocery/Supermarket
10.10.3 Drug Stores
10.10.4 Specialty Stores
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Price Tags Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Price Tags Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Price Tags Market Size Forecast by Type
11.6.1 Standard (1-3 inch)
11.6.2 Mid-Large (3.1-7 inch)
11.6.3 Large (7.1-10 inch)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Price Tags Market Size Forecast by Applications
11.10.1 Department Stores/Mass Merchandise
11.10.2 Grocery/Supermarket
11.10.3 Drug Stores
11.10.4 Specialty Stores
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Price Tags Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Price Tags Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Price Tags Market Size Forecast by Type
12.6.1 Standard (1-3 inch)
12.6.2 Mid-Large (3.1-7 inch)
12.6.3 Large (7.1-10 inch)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Price Tags Market Size Forecast by Applications
12.10.1 Department Stores/Mass Merchandise
12.10.2 Grocery/Supermarket
12.10.3 Drug Stores
12.10.4 Specialty Stores
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Price Tags Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Price Tags Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Price Tags Market Size Forecast by Type
13.6.1 Standard (1-3 inch)
13.6.2 Mid-Large (3.1-7 inch)
13.6.3 Large (7.1-10 inch)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Price Tags Market Size Forecast by Applications
13.10.1 Department Stores/Mass Merchandise
13.10.2 Grocery/Supermarket
13.10.3 Drug Stores
13.10.4 Specialty Stores
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Price Tags Market: Competitive Dashboard
14.2 Global Digital Price Tags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SES (imagotag)
14.3.2 Pricer
14.3.3 Samsung
14.3.4 E Ink
14.3.5 Displaydata
14.3.6 Opticon Sensors Europe B.V
14.3.7 DIGI
14.3.8 Hanshow Technology
14.3.9 LG innotek
14.3.10 Panasonic
14.3.11 SES (imagotag)
