Artificial Intelligence
Electronic Shelf Label Market Worth $2.57 Billion by 2028 – Exclusive Report by Meticulous Research®
Redding, California, Oct. 05, 2021 (GLOBE NEWSWIRE) — According to a new market research report titled “Electronic Shelf Label Market by Product Type (E-Paper, LCD), Display Type (Full Graphics, Black&White), Component (Hardware, Software), Communication Technology (NFC, Wi-Fi), End User (Retail, Automotive Retail), and Geography — Global Forecast to 2028”, published by Meticulous Research®, the electronic shelf labels market is expected to grow at a CAGR of 21.8% from 2021 to 2028 to reach $2.57 billion by 2028.
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Electronic Shelf Labels (ESL) are low-power-consuming display tags used mostly in the retail industry to display product prices and information. ESLs display information using electronic paper (E-paper), liquid crystal display (LCD), or thin-film transistor (TFT) technologies. ESL tags are centrally controlled and display pricing information, product information, competitor pricing, and advertisements. These tags are used as an alternative to paper tags in retail facilities. ESL tags are mainly used in the retail sector; however, hospitality, travel & tourism, automotive retail, and corporate, among other sectors, are also turning to electronic shelf labels due to their cost-effectiveness and efficiency.
Stringent environmental regulations concerning the use of paper, the rising trend of retail automation, and the higher efficiency and time savings offered by ESLs compared to traditional paper labels are the factors driving the growth of the electronic shelf labels market. However, the high cost of installing ESL infrastructure is expected to restrain market growth in developing regions. Advancements in retail technologies and the availability of real-time product information and prices, with the use of Augmented Reality and Artificial Intelligence, are projected to provide significant growth opportunities for the vendors operating in this market. Also, the reluctance to deploy automated technology among low-margin retailers is expected to create challenges for the market’s growth.
The Impact of COVID-19 on the Electronic Shelf Label Market
The outbreak of COVID-19 had a huge impact on the retail and other industrial verticals. The pandemic caused a widespread economic breakdown across several countries, trade routes, and the global supply chain. Due to lockdowns and country-wide shutdowns of physical stores, the e-commerce sector increased to meet the demand for essential items. Lockdowns severely impacted consumers as well as manufacturers. Although the period of lockdown and restrictions was limited, several markets and industries were forced to observe a slowdown in the annual growth rate. This also impacted the supply chain due to lack of supply and extreme demand as consumers were panic buying, government restrictions were imposed, and lack of labor.
Electronic shelf labels enabled retailers to update prices automatically, in real-time across stores, eliminating tedious and error-prone manual work. With ESLs, retailers increased their pricing efficiency and accuracy, optimized click and collect, and simplified replenishment. Store operators quickly reacted to market prices and easily synchronized pricing to keep up with the online competition. ESLs allowed customers to see the correct price and get personalized, in-depth product information, creating a seamless in-store and online shopping experience with price transparency.
The pandemic also impacted the psychology of consumers towards the purchase of goods and where to buy them from. Consumers are changing their spending patterns to purchase less expensive products to save more money, which is expected to reduce the footfall of physical retail stores and indirectly reduce the growth of the electronic shelf labels market.
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Several retailers took the opportunity of the pandemic to deploy ESL in their stores. From the third quarter of 2020, the manufacturing of ESL recovered much faster. The retail industry is expected to recover steadily due to the increased need for automation, stringent government regulations regarding the environment, and the use of paper, minimizing human interaction and contact. Among a few major retailers, Walmart, in its retail chains in the U.S. and Canada, is planning to transform its stores from paper labels to electronic labels by the end of 2021. While most consumers in developed countries are still hesitant to re-visit physical stores and prefer e-commerce, consumers in developing regions, such as China, India, and Brazil, have started visiting the retail stores after relaxation from the government.
Key Findings in the Electronic Shelf Label Market Study:
The electronic shelf labels market is segmented based on product type, display type, component, communication technology, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on product type, the electronic shelf labels market is segmented into e-paper, LCD, and TFT. The e-paper segment is expected to account for the largest share of the electronic shelf labels market in 2021. The large share of this segment is mainly attributed to the advantages of e-paper ESLs, such as their lower costs and power consumption and simpler design compared to other technologies. Moreover, the paper-like readability of e-paper ESLs, and their versatility of display (full graphics and black & white) drive the demand for e-paper-based electronic shelf labels. Moreover, the e-paper electronic shelf labels segment is expected to witness significant growth during the forecast period 2021-2028.
Based on display type, the electronic shelf labels market is segmented into full graphics, black & white, and segmented. The full graphics segment is expected to account for the largest share of the electronic shelf labels market in 2021. The large share of this segment is mainly attributed to the growing usage of full-graphics displays in supermarkets and electronic stores due to their ability to showcase a wide range of colors such as red, yellow, black, and white which makes them more appealing. Moreover, full-graphics ESLs can also be used for scheduling and feature multiple pages depending on the amount of information.
Based on component, the electronic shelf labels market is segmented into hardware and software. The hardware segment is expected to account for the largest share of the overall market in 2021 and expected to grow at the highest CAGR during the forecast period. The large share of this segment is mainly attributed to the larger proportion of hardware (display screens, batteries, controllers, gateways, railings, brackets, and other accessories) used in overall ESL systems. The hardware costs constitute nearly 90–95% of the overall system cost.
Quick Buy – Electronic Shelf Label Market Research Report: https://www.meticulousresearch.com/Checkout/20555626
Based on communication technology, the electronic shelf labels market is segmented into NFC, Wi-Fi, Bluetooth, and RFID. The NFC segment is expected to account for the largest share in 2021and is expected to grow at the highest CAGR during the forecast period. NFC technology allows product prices to be updated at any time through the use of NFC-enabled smartphones, simplifying customer interactions.
Based on end user, the electronic shelf labels market is segmented into retail, automotive retail, manufacturing, and other end users. The retail segment is expected to account for the largest share of the overall electronic shelf labels market in 2021. The factors helping the dominance of this segment include advancements in retail automation, rising need to minimize human interactions & contacts, and retailers’ growing preference for ESLs over paper-based labels. The retail industry is a leading end-user of ESL, with over 60% of the deployments in this sector. Retailers use an ESL system for displaying product pricing on shelves. The product pricing is automatically updated whenever a price is changed from a central control server. However, automotive retail is subjected to showcase the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the use of ESLs by dealership stores, such as new car dealerships, used cars dealerships, luxury car dealerships, motorcycle and bike stores, and others to effectively manage their customers, provide accurate and detailed pricing and attract more consumers.
Geographically, Europe is expected to account for the largest share of the global electronic shelf labels market in 2021. The government has subjected a consumer protection law in the European Union (EU) to adopt retail automation in the region. For instance, in France, the Consumer Code mandates businesses to display price information on their products. In addition, advertisements are prohibited to directly or indirectly incite excessive consumption behaviors or the wasting of energy & natural resources. The increasing proliferation of the Internet of Things (IoT) coupled with growing digitization in the European retail sector is one of the major factors driving the European electronic shelf labels market. However, Asia-Pacific is expected to witness the fastest growth during the forecast period. The factors attributed to the high growth of this region are macroeconomic factors such as penetration of high-speed internet services in countries such as South Korea and China, shifting lifestyles, and the growing organized retail sectors are boosting the necessity of in-store automation, which is further expected to boost the growth of ESLs in the Asia-Pacific region. Also, retailers are taking initiatives for the deployment of ESLs in stores.
The key players operating in the global electronic shelf label market are Teraoka Seiko Co., Ltd. (Japan), Displaydata Limited (U.K.), M2COMM (Taiwan), Mariella Labels OY (Finland), Opticon Sensors Europe B.V. (Netherlands), Pricer AB (Sweden), RAINUS Co., Ltd. (South Korea), SES-imagotag SA (France), SoluM Co., Ltd. (South Korea), Store Intelligence Inc. (U.S.), Zhejiang Hanshow Technology Co., Ltd. (China), Diebold Nixdorf Incorporated (U.S.), NZ Electronic Shelf Labelling (New Zealand), CLEARink Displays, Inc. (U.S.), and E Ink Holdings Inc. (Taiwan) among others.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/electronic-shelf-label-market-5214
Scope of the Report
Electronic Shelf Label Market, by Product Type
- E-Paper
- LCD
- TFT
Electronic Shelf Label Market, by Display Type
- Full Graphics
- Black & White
- Segmented
Electronic Shelf Label Market, by Component
- Hardware
- Display
- 3-7 Inches
- Less than 3 Inches
- 7-10 Inches
- More than 10 Inches
- Other Hardware
- Display
- Software
Electronic Shelf Label Market, by Communication Technology
- NFC
- Wi-Fi
- Bluetooth
- RFID
Electronic Shelf Label Market, by End User
- Retail
- Hypermarkets & Supermarkets
- Department Stores
- Food Retail Stores
- Electronics Stores
- Pharmacies & Drugstores
- Fashion & Clothing Stores
- Other Retail Stores
- Automotive Retail
- Manufacturing
- Other End Users
Electronic Shelf Label Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Switzerland
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- South Korea
- India
- Singapore
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa
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Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
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“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
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Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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