Technology

Electronic Shelf Label market to reach $2.4B

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January 18, 2021

The electronic shelf label market is expected to reach $2.4 billion by 2027, according to a report by Valuates Reports. It is also expected to grow at a compound annual growth rate of 15.9% from 2020 to 2027.

Some of the factors driving the market include increasing automation in retail and the demand for more cost efficient replacements to labels.

Non-food retail stores will see the highest CAGR during the forecasted period, and the Asia and Middle Eastern market are expected to see the fastest growth, according to the report.