|By Business Wire||
|March 24, 2014 01:15 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/jnjfxf/global_electronic) has announced the addition of the "Global Electronic Shelf Labels Market 2014-2018" report to their offering.
The analysts forecast the Global Electronic Shelf Labels market to grow at a CAGR of 18.03 percent over the period 2013-2018. One of the key factors contributing to this market growth is the reduction in labor costs. The Global Electronic Shelf Labels market has also been witnessing the increasing demand for ESL by retail stores. However, the increasing competition among vendors could pose a challenge to the growth of this market.
Key vendors dominating this space are iMAGOTAG GmbH, Pricer AB, Store Electronic System SA, and Wincor Nixdorf International GmbH.
Other vendors mentioned in the report are Altierre Corp., Antiope Associates LLC, Advantech US Inc., Displaydata Ltd., Genitop Research Co. Ltd, Herbert Retail Ltd., ILID Pty Ltd., METRA BLANSKO a.s., Mirador Marketing Pty Ltd., Opticon Inc., Tagnetics Inc., Teraoka Seiko Co. Ltd., TOSHIBA Global Commerce Solutions Inc., and UNO ESL.
Commenting on the report, an analyst from the team said: ESLs can be used to reduce the cost of printing labels and save staff time. Apart from their cost savings ability, they also have the potential to increase revenue and profitability for retailers. For instance, ESLs allow for the constant update of product prices during time of day offers, where the offers change with the types of shoppers visiting the store. Another example is the ability of retailers to perform dynamic pricing on certain products, such as fruit, based on stock levels or even weather conditions.
According to the report, one major driver is a reduction in labor costs. ESLs provide a solution to the rising labor cost issue faced by many retailers across the world. They also help retailers reduce manual errors.
For more information visit http://www.researchandmarkets.com/research/jnjfxf/global_electronic
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