Market Overview:
The global smart shelves 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 automation and technological advancements in the retail sector. The hardware segment is expected to account for the largest share of the global smart shelves market in 2018, followed by software and services. Among applications, SMEs are expected to account for the largest share of the global smart shelves market in 2018, followed by large enterprises. North America is expected to account for the largest share of the global smart shelves market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Smart Shelves are shelves that have been designed to make the most out of the space available. They can be customized to fit any size space and can be used in any room in the house. Smart Shelves are important because they make it easy for people to organize their belongings and use every bit of available space.
Hardware:
Hardware is the part of a system that can be touched and seen, it includes products such as RFID tags, barcode scanners, cash drawers or tillage devices. The hardware segment has been growing at a steady CAGR during the forecast period. This growth can be attributed to factors such as increasing demand for inventory control systems in retail stores coupled with rising adoption of self-checkout systems in supermarkets and convenience stores.
Software:
Software is a set of instructions, which when followed by the hardware, helps in carrying out a specific task. In case of smart shelves, the software used for its functioning includes an application that runs on any tablet or smartphone with Bluetooth connectivity. The application controls and monitors the movement of shelf units and also allows users to add items to be stored in it from their smartphones or tablets through Near Field Communication (NFC) technology.
Application Insights:
The small and medium enterprise (SME) application segment accounted for the largest market share in 2017. The SMEs are widely adopting smart shelves as they offer cost-effective solutions with enhanced functionalities that help them manage their inventory efficiently. The large enterprise application segment is expected to witness the fastest growth over the forecast period owing to increased adoption of smart shelves by corporate stores.
The large enterprises have a huge number of products in stock, which needs to be displayed and sold online so that customers can conveniently buy these products online or offline without having to contact sales personnel or go through complex processes. In such cases, implementing a digital shelf can help reduce costs while improving customer experience and increasing revenue generation capabilities for businesses involved in retail operations across various industries including consumer electronics, office equipment, home appliances etc.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of e-commerce and rapid development in retail sector in developing countries, such as China and India. In addition, rising number of SMEs that prefer online shopping will drive the demand for cloud based smart shelves solution. Moreover, growing adoption of IoT technology will create new opportunities for smart shelf providers over next seven years.
North America accounted for a significant share in 2016 owing to early adoption by retailers like Walmart Inc., Best Buy Co., Inc., Kroger Co.; and Target Corporation; among others who are adopting these solutions to improve their inventory management system & optimize their space requirement thereby driving industry growth across U.S., Canada & Mexico region during the forecast period from 2017 to 2030 (estimated).
Growth Factors:
- Increasing demand for automation in warehouses and distribution centers
- Rising popularity of smart homes and the Internet of Things (IoT)
- Proliferation of e-commerce and the need for faster, more efficient order fulfillment
- Growing demand for shelf-edge labeling and other inventory management solutions
- Advances in artificial intelligence (AI) and machine learning that can optimize shelf placement
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Shelves Market Research Report
By Type
Hardware, Software, Services
By Application
SMEs, Large Enterprise
By Companies
SES-imagotag, Pricer AB, Trax Technology Solutions, Avery Dennison Corporation, Samsung Electronics, E Ink Holdings, Huawei Technologies, Intel Corporation, Honeywell International, SOLUM Europe Gmbh, Happiest Minds, PCCW Solutions, NXP Semiconductor, DIEBOLD NIXDORF, Dreamztech Solutions, Sennco Solutions, MAGO, SES-IMAGOTAG, AWM Smart Shelf, Focal Systems
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Smart Shelves Market Report Segments:
The global Smart Shelves market is segmented on the basis of:
Types
Hardware, Software, Services
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
SMEs, Large Enterprise
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 AB
- Trax Technology Solutions
- Avery Dennison Corporation
- Samsung Electronics
- E Ink Holdings
- Huawei Technologies
- Intel Corporation
- Honeywell International
- SOLUM Europe Gmbh
- Happiest Minds
- PCCW Solutions
- NXP Semiconductor
- DIEBOLD NIXDORF
- Dreamztech Solutions
- Sennco Solutions
- MAGO
- SES-IMAGOTAG
- AWM Smart Shelf
- Focal Systems
Highlights of The Smart Shelves 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:
- Hardware
- Software
- Services
- By Application:
- SMEs
- Large Enterprise
- 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 Smart Shelves 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Smart Shelves is a cloud-based software that helps businesses manage their inventory and optimize their storage space. It provides users with real-time insights into what's happening in their warehouse, helping them make better decisions about where to store products and how to best use the space they have.
Some of the major companies in the smart shelves market are SES-imagotag, Pricer AB, Trax Technology Solutions, Avery Dennison Corporation, Samsung Electronics, E Ink Holdings, Huawei Technologies, Intel Corporation, Honeywell International, SOLUM Europe Gmbh, Happiest Minds, PCCW Solutions, NXP Semiconductor, DIEBOLD NIXDORF, Dreamztech Solutions, Sennco Solutions, MAGO, SES-IMAGOTAG, AWM Smart Shelf, Focal Systems.
The smart shelves 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 Smart Shelves 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 Smart Shelves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Shelves 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 Smart Shelves 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 Smart Shelves Market Size & Forecast, 2020-2028
4.5.1 Smart Shelves Market Size and Y-o-Y Growth
4.5.2 Smart Shelves Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Shelves 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 Smart Shelves 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
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 Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprise
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
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 Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprise
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
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 Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprise
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
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 Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprise
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
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) Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprise
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 Smart Shelves Market: Competitive Dashboard
14.2 Global Smart Shelves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SES-imagotag
14.3.2 Pricer AB
14.3.3 Trax Technology Solutions
14.3.4 Avery Dennison Corporation
14.3.5 Samsung Electronics
14.3.6 E Ink Holdings
14.3.7 Huawei Technologies
14.3.8 Intel Corporation
14.3.9 Honeywell International
14.3.10 SOLUM Europe Gmbh
14.3.11 Happiest Minds
14.3.12 PCCW Solutions
14.3.13 NXP Semiconductor
14.3.14 DIEBOLD NIXDORF
14.3.15 Dreamztech Solutions
14.3.16 Sennco Solutions
14.3.17 MAGO
14.3.18 SES-IMAGOTAG
14.3.19 AWM Smart Shelf
14.3.20 Focal Systems
