Electronic shelf labels are displays on shelves that display the price of products for consumers. This system is generally attached to the front edge of retail shelving. The price of a product is updated automatically, typically every time a retailer changes the price of an item. Since electronic display modules are controlled by a central server, retailers don’t have to worry about manually updating their display. This saves time and money. In addition, retailers can use electronic shelf labels to keep their shelves stocked with items that consumers want to buy.
Today, electronic shelf labels are available in a wide range of sizes, styles, and colors. Some of them can even have barcodes, which makes them more useful for omnichannel retail. Unlike the old-style paper shelf labels, modern ESLs can display more than just a product’s price. This technology also integrates with other modern retail devices, such as scanners and cash registers. They are also compatible with mobile devices and can be used to manage inventory and store inventory.
There are many companies in the market for electronic shelf labels. These include Mariella Labels OY (Finland), SoluM Co., Ltd., Pricer AB (Sweden), RAINUS Co., Ltd., M2COMM (Taiwan), E Ink Holding Inc., and Store Intelligence Inc. Some of the leading companies include Displaydata Limited, Teraoka Seiko Co., Ltd., and Zhejiang Hanshow Technology Co., Ltd.
Electronic shelf labels can be used to update prices automatically in stores and online. This technology can be connected to ESL systems such as DisplayData. By using Omnia, retailers can access current pricing and marketing information on any store, regardless of their location. And with the right software, businesses can offer a seamless experience to their customers. This way, they can offer their customers personalized information and maximize their profits. And because the system is so easy to use, it will help them become more competitive.
The growth of the electronic shelf label market is driven by the increasing adoption of full-graphics displays in supermarkets. The technology enables stores to display multiple pages of information, including product information and prices. Furthermore, it is a cost-effective solution for low-margin retailers. The costs of implementing new labels can be prohibitive for small businesses. And the integration and automation of the system will enable a better customer experience and save money.
In addition to displaying product pricing, electronic shelf labels also serve a variety of functions for retailers. For example, it can be used to pay at the shelf. It can be used to identify customers and track their purchasing habits. It also provides useful data to retailers about their customers’ preferences. With the use of technology, the electronic shelf label market is expected to increase at a CAGR of over 30% by 2021. With its advanced capabilities, it has become a must-have for retail operations.
The electronic shelf label market is segmented by component and display type. The report also analyzes the country markets. The research identifies the key players in each region. Further, it identifies the top competitors in the global market. And finally, it looks at the potential for growth of the electronic shelf label industry. Its findings will help you develop a strategic plan for your business. It will help you make the right decisions for your business.
The use of digital shelf labels is advantageous to many retail businesses. These devices allow staff to update thousands of labels within minutes. They also eliminate the need for store personnel to manually check and update information on the labels. In addition, electronic shelf labels can be connected to an online store, making it possible for retailers to manage order fulfillment through their website. Further, these devices also enable retailers to monitor their inventory through their websites. This means that they don’t have to pay additional employees to manually mark products.
The main benefit of using electronic shelf labels is that they save labor costs and make it easier to monitor inventory. The use of these devices is also convenient for retailers. Opticon’s ESLs are designed to be installed on retail shelves. They can easily be installed and configured and can be connected to ERP and POS systems. They are compatible with any existing POS and ERP. They can also be customized to reflect the customer’s needs.
