The Europe Smart Shelves Market would witness market growth of 20.8% CAGR during the forecast period (2021-2027). Internet of Things (IoT) sensors finds considerable applications in a supermarket, and one of the most primary is temperature control. IoT sensors can monitor temperatures in freezers and cases to ensure they are usable before a slight change destroys all the ice cream or makes all the meat harmful to sell.
The internet of things is also capable of gathering data from smart shelves and sends it to store employees for analysis. With the help of this technology, the supermarkets can identify consumer behavior such as which products are most appealing and can influence how the store is managing display by arranging products.
Retail remains an inflection point where physical and digital platforms meet simultaneously with the requirements of the customers. A major portion of customers’ demands digital product content at the time of their shopping and retailers are demanding more in order to gain their loyalty. There is an opportunity for survival and flourishing for those brands & retailers that are willing to evolve and adapt. Physical retailers and the brands that rely on brick-and-mortar platforms are putting massive investments to meet the speed of digital innovation and the latest shopping trends.
The Germany market dominated the Europe Content Management Smart Shelves Market by Country 2020, thereby, achieving a market value of $66 million by 2027. The UK market is exhibiting a CAGR of 20.5% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 22.3% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Hardware Segment is further bifurcated across RFID Tags & Readers, Cameras, Digital Displays, Electronic Shelf Labels, IoT Sensors and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Inventory Management, Pricing Management, Content Management, Planogram Management and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Shelves Market Size will Hit $7.8 Billion by 2027, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Intel Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Avery Dennison Corporation, BOE Technology Group Co., Ltd. (SES-Imagotag), E Ink Holdings, Inc. (YFY, Inc.), Pricer AB, Trax Technology Solutions Pte. Ltd., and Nexcom International Co., Ltd.
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