Electronic Shelf Label market to reach $2.4B

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.

RCE