Smart Shelf Management System听uses RFID technology (e.g., RFID tags, RFID readers and antennas) to automatically track inventory in retail stores. Smart Shelves use weight sensors that are installed within shelves or underneath them. The sensors are used to track the amount of inventory sitting on the shelves.
The global market for Smart Shelf Management System was estimated to be worth US$ 2640 million in 2023 and is forecast to a readjusted size of US$ 4770.2 million by 2030 with a CAGR of 8.9% during the forecast period 2024-2030
The global Smart Shelf Management System market refers to the market for advanced technology solutions designed to optimize and automate shelf management in retail stores, supermarkets, and other similar environments. These systems use various sensors, data analytics, and software applications to monitor and manage inventory, improve product placement, enhance customer experience, and streamline operations.
Key factors driving the growth of the global Smart Shelf Management System market include:
Need for Efficient Inventory Management: Smart Shelf Management Systems help retailers accurately track inventory levels in real-time. By using sensors and RFID technology, these systems can monitor product availability, expiration dates, and overall stock levels. This real-time visibility enables retailers to optimize their inventory management processes, minimize out-of-stock situations, and reduce overstocking.
Rising Demand for Personalized Customer Experience: Smart Shelf Management Systems offer personalized shopping experiences by using technologies such as electronic shelf labels (ESL) and digital signage. These systems can display product information, pricing, promotions, and even recommendations based on customer preferences. By providing relevant and targeted information, retailers can enhance customer engagement and increase sales.
In-store Analytics and Insights: Smart Shelf Management Systems collect and analyze data on consumer behavior, such as product interactions, dwell times, and purchasing patterns. This data allows retailers to gain valuable insights into customer preferences, optimize product placements, and make data-driven merchandising decisions. By understanding customer behavior, retailers can improve store layouts, enhance product visibility, and increase sales conversion rates.
Demand for Operational Efficiency: Smart Shelf Management Systems automate time-consuming manual tasks, such as product labeling, price management, and inventory auditing. By automating these processes, retailers can reduce labor costs, minimize human errors, and improve operational efficiency. These systems also enable quick and accurate price adjustments and reduce the time spent on inventory counting and replenishment.
Growing Adoption of Internet of Things (IoT) and Cloud Computing: The integration of IoT and cloud technologies in Smart Shelf Management Systems allows for seamless connectivity, scalability, and data storage. Retailers can access real-time information about product availability, pricing, and stock levels from any location, enhancing operational agility and decision-making capabilities.
Focus on Loss Prevention and Security: Smart Shelf Management Systems can integrate security features such as electronic article surveillance (EAS) and video analytics to prevent theft, reduce inventory shrinkage, and enhance overall store security. These systems can detect unauthorized product removal from shelves, provide real-time alerts, and improve loss prevention strategies.
In summary, the global Smart Shelf Management System market is driven by the need for efficient inventory management, the rising demand for personalized customer experiences, in-store analytics and insights, the demand for operational efficiency, the growing adoption of IoT and cloud computing, and a focus on loss prevention and security. As retailers strive to optimize in-store operations, enhance customer experiences, and improve profitability, the adoption of Smart Shelf Management Systems is expected to increase across the globe.The global Smart Shelf Management System market refers to the market for advanced technology solutions designed to optimize and automate shelf management in retail stores, supermarkets, and other similar environments. These systems use various sensors, data analytics, and software applications to monitor and manage inventory, improve product placement, enhance customer experience, and streamline operations.
Key factors driving the growth of the global Smart Shelf Management System market include:
Need for Efficient Inventory Management: Smart Shelf Management Systems help retailers accurately track inventory levels in real-time. By using sensors and RFID technology, these systems can monitor product availability, expiration dates, and overall stock levels. This real-time visibility enables retailers to optimize their inventory management processes, minimize out-of-stock situations, and reduce overstocking.
Rising Demand for Personalized Customer Experience: Smart Shelf Management Systems offer personalized shopping experiences by using technologies such as electronic shelf labels (ESL) and digital signage. These systems can display product information, pricing, promotions, and even recommendations based on customer preferences. By providing relevant and targeted information, retailers can enhance customer engagement and increase sales.
In-store Analytics and Insights: Smart Shelf Management Systems collect and analyze data on consumer behavior, such as product interactions, dwell times, and purchasing patterns. This data allows retailers to gain valuable insights into customer preferences, optimize product placements, and make data-driven merchandising decisions. By understanding customer behavior, retailers can improve store layouts, enhance product visibility, and increase sales conversion rates.
Demand for Operational Efficiency: Smart Shelf Management Systems automate time-consuming manual tasks, such as product labeling, price management, and inventory auditing. By automating these processes, retailers can reduce labor costs, minimize human errors, and improve operational efficiency. These systems also enable quick and accurate price adjustments and reduce the time spent on inventory counting and replenishment.
Growing Adoption of Internet of Things (IoT) and Cloud Computing: The integration of IoT and cloud technologies in Smart Shelf Management Systems allows for seamless connectivity, scalability, and data storage. Retailers can access real-time information about product availability, pricing, and stock levels from any location, enhancing operational agility and decision-making capabilities.
Focus on Loss Prevention and Security: Smart Shelf Management Systems can integrate security features such as electronic article surveillance (EAS) and video analytics to prevent theft, reduce inventory shrinkage, and enhance overall store security. These systems can detect unauthorized product removal from shelves, provide real-time alerts, and improve loss prevention strategies.
In summary, the global Smart Shelf Management System market is driven by the need for efficient inventory management, the rising demand for personalized customer experiences, in-store analytics and insights, the demand for operational efficiency, the growing adoption of IoT and cloud computing, and a focus on loss prevention and security. As retailers strive to optimize in-store operations, enhance customer experiences, and improve profitability, the adoption of Smart Shelf Management Systems is expected to increase across the globe.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Smart Shelf Management System, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Smart Shelf Management System by region & country, by Type, and by Application.
The Smart Shelf Management System market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Shelf Management System.
Market Segmentation
By Company
Mondelez International
Microsoft Corporation
WestRock
Telink
Sennco Solutions Inc
Panasonic UK & Ireland
NeWave Sensor Solutions, LLC
Cisco
IBM
Intel
PTC (software company)
Huawei Technologies Co Ltd
Sierra Wireless
Software AG
Accenture
Bosch Software Innovations GmbH
Oracle
AT&T Intellectual Property
Happiest Minds Technologies
Allerin Tech Pvt Ltd
Segment by Type:
Device Management
Application Enablement
Segment by Application
Department Stores
Supermarkets
Specialty Stores
Others
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Smart Shelf Management System manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Smart Shelf Management System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Smart Shelf Management System in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Smart Shelf Management System Product Introduction
1.2 Global Smart Shelf Management System Market Size Forecast
1.3 Smart Shelf Management System Market Trends & Drivers
1.3.1 Smart Shelf Management System Industry Trends
1.3.2 Smart Shelf Management System Market Drivers & Opportunity
1.3.3 Smart Shelf Management System Market Challenges
1.3.4 Smart Shelf Management System Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Smart Shelf Management System Players Revenue Ranking (2023)
2.2 Global Smart Shelf Management System Revenue by Company (2019-2024)
2.3 Key Companies Smart Shelf Management System Manufacturing Base Distribution and Headquarters
2.4 Key Companies Smart Shelf Management System Product Offered
2.5 Key Companies Time to Begin Mass Production of Smart Shelf Management System
2.6 Smart Shelf Management System Market Competitive Analysis
2.6.1 Smart Shelf Management System Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Smart Shelf Management System Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Shelf Management System as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Device Management
3.1.2 Application Enablement
3.2 Global Smart Shelf Management System Sales Value by Type
3.2.1 Global Smart Shelf Management System Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Smart Shelf Management System Sales Value, by Type (2019-2030)
3.2.3 Global Smart Shelf Management System Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Department Stores
4.1.2 Supermarkets
4.1.3 Specialty Stores
4.1.4 Others
4.2 Global Smart Shelf Management System Sales Value by Application
4.2.1 Global Smart Shelf Management System Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Smart Shelf Management System Sales Value, by Application (2019-2030)
4.2.3 Global Smart Shelf Management System Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Smart Shelf Management System Sales Value by Region
5.1.1 Global Smart Shelf Management System Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Smart Shelf Management System Sales Value by Region (2019-2024)
5.1.3 Global Smart Shelf Management System Sales Value by Region (2025-2030)
5.1.4 Global Smart Shelf Management System Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Smart Shelf Management System Sales Value, 2019-2030
5.2.2 North America Smart Shelf Management System Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Smart Shelf Management System Sales Value, 2019-2030
5.3.2 Europe Smart Shelf Management System Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Smart Shelf Management System Sales Value, 2019-2030
5.4.2 Asia Pacific Smart Shelf Management System Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Smart Shelf Management System Sales Value, 2019-2030
5.5.2 South America Smart Shelf Management System Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Smart Shelf Management System Sales Value, 2019-2030
5.6.2 Middle East & Africa Smart Shelf Management System Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Smart Shelf Management System Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Smart Shelf Management System Sales Value
6.3 United States
6.3.1 United States Smart Shelf Management System Sales Value, 2019-2030
6.3.2 United States Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Smart Shelf Management System Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Smart Shelf Management System Sales Value, 2019-2030
6.4.2 Europe Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Smart Shelf Management System Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Smart Shelf Management System Sales Value, 2019-2030
6.5.2 China Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.5.3 China Smart Shelf Management System Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Smart Shelf Management System Sales Value, 2019-2030
6.6.2 Japan Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Smart Shelf Management System Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Smart Shelf Management System Sales Value, 2019-2030
6.7.2 South Korea Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Smart Shelf Management System Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Smart Shelf Management System Sales Value, 2019-2030
6.8.2 Southeast Asia Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Smart Shelf Management System Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Smart Shelf Management System Sales Value, 2019-2030
6.9.2 India Smart Shelf Management System Sales Value by Type (%), 2023 VS 2030
6.9.3 India Smart Shelf Management System Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Mondelez International
7.1.1 Mondelez International Profile
7.1.2 Mondelez International Main Business
7.1.3 Mondelez International Smart Shelf Management System Products, Services and Solutions
7.1.4 Mondelez International Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.1.5 Mondelez International Recent Developments
7.2 Microsoft Corporation
7.2.1 Microsoft Corporation Profile
7.2.2 Microsoft Corporation Main Business
7.2.3 Microsoft Corporation Smart Shelf Management System Products, Services and Solutions
7.2.4 Microsoft Corporation Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.2.5 Microsoft Corporation Recent Developments
7.3 WestRock
7.3.1 WestRock Profile
7.3.2 WestRock Main Business
7.3.3 WestRock Smart Shelf Management System Products, Services and Solutions
7.3.4 WestRock Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.3.5 Telink Recent Developments
7.4 Telink
7.4.1 Telink Profile
7.4.2 Telink Main Business
7.4.3 Telink Smart Shelf Management System Products, Services and Solutions
7.4.4 Telink Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.4.5 Telink Recent Developments
7.5 Sennco Solutions Inc
7.5.1 Sennco Solutions Inc Profile
7.5.2 Sennco Solutions Inc Main Business
7.5.3 Sennco Solutions Inc Smart Shelf Management System Products, Services and Solutions
7.5.4 Sennco Solutions Inc Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.5.5 Sennco Solutions Inc Recent Developments
7.6 Panasonic UK & Ireland
7.6.1 Panasonic UK & Ireland Profile
7.6.2 Panasonic UK & Ireland Main Business
7.6.3 Panasonic UK & Ireland Smart Shelf Management System Products, Services and Solutions
7.6.4 Panasonic UK & Ireland Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.6.5 Panasonic UK & Ireland Recent Developments
7.7 NeWave Sensor Solutions, LLC
7.7.1 NeWave Sensor Solutions, LLC Profile
7.7.2 NeWave Sensor Solutions, LLC Main Business
7.7.3 NeWave Sensor Solutions, LLC Smart Shelf Management System Products, Services and Solutions
7.7.4 NeWave Sensor Solutions, LLC Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.7.5 NeWave Sensor Solutions, LLC Recent Developments
7.8 Cisco
7.8.1 Cisco Profile
7.8.2 Cisco Main Business
7.8.3 Cisco Smart Shelf Management System Products, Services and Solutions
7.8.4 Cisco Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.8.5 Cisco Recent Developments
7.9 IBM
7.9.1 IBM Profile
7.9.2 IBM Main Business
7.9.3 IBM Smart Shelf Management System Products, Services and Solutions
7.9.4 IBM Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.9.5 IBM Recent Developments
7.10 Intel
7.10.1 Intel Profile
7.10.2 Intel Main Business
7.10.3 Intel Smart Shelf Management System Products, Services and Solutions
7.10.4 Intel Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.10.5 Intel Recent Developments
7.11 PTC (software company)
7.11.1 PTC (software company) Profile
7.11.2 PTC (software company) Main Business
7.11.3 PTC (software company) Smart Shelf Management System Products, Services and Solutions
7.11.4 PTC (software company) Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.11.5 PTC (software company) Recent Developments
7.12 Huawei Technologies Co Ltd
7.12.1 Huawei Technologies Co Ltd Profile
7.12.2 Huawei Technologies Co Ltd Main Business
7.12.3 Huawei Technologies Co Ltd Smart Shelf Management System Products, Services and Solutions
7.12.4 Huawei Technologies Co Ltd Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.12.5 Huawei Technologies Co Ltd Recent Developments
7.13 Sierra Wireless
7.13.1 Sierra Wireless Profile
7.13.2 Sierra Wireless Main Business
7.13.3 Sierra Wireless Smart Shelf Management System Products, Services and Solutions
7.13.4 Sierra Wireless Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.13.5 Sierra Wireless Recent Developments
7.14 Software AG
7.14.1 Software AG Profile
7.14.2 Software AG Main Business
7.14.3 Software AG Smart Shelf Management System Products, Services and Solutions
7.14.4 Software AG Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.14.5 Software AG Recent Developments
7.15 Accenture
7.15.1 Accenture Profile
7.15.2 Accenture Main Business
7.15.3 Accenture Smart Shelf Management System Products, Services and Solutions
7.15.4 Accenture Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.15.5 Accenture Recent Developments
7.16 Bosch Software Innovations GmbH
7.16.1 Bosch Software Innovations GmbH Profile
7.16.2 Bosch Software Innovations GmbH Main Business
7.16.3 Bosch Software Innovations GmbH Smart Shelf Management System Products, Services and Solutions
7.16.4 Bosch Software Innovations GmbH Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.16.5 Bosch Software Innovations GmbH Recent Developments
7.17 Oracle
7.17.1 Oracle Profile
7.17.2 Oracle Main Business
7.17.3 Oracle Smart Shelf Management System Products, Services and Solutions
7.17.4 Oracle Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.17.5 Oracle Recent Developments
7.18 AT&T Intellectual Property
7.18.1 AT&T Intellectual Property Profile
7.18.2 AT&T Intellectual Property Main Business
7.18.3 AT&T Intellectual Property Smart Shelf Management System Products, Services and Solutions
7.18.4 AT&T Intellectual Property Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.18.5 AT&T Intellectual Property Recent Developments
7.19 Happiest Minds Technologies
7.19.1 Happiest Minds Technologies Profile
7.19.2 Happiest Minds Technologies Main Business
7.19.3 Happiest Minds Technologies Smart Shelf Management System Products, Services and Solutions
7.19.4 Happiest Minds Technologies Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.19.5 Happiest Minds Technologies Recent Developments
7.20 Allerin Tech Pvt Ltd
7.20.1 Allerin Tech Pvt Ltd Profile
7.20.2 Allerin Tech Pvt Ltd Main Business
7.20.3 Allerin Tech Pvt Ltd Smart Shelf Management System Products, Services and Solutions
7.20.4 Allerin Tech Pvt Ltd Smart Shelf Management System Revenue (US$ Million) & (2019-2024)
7.20.5 Allerin Tech Pvt Ltd Recent Developments
8 Industry Chain Analysis
8.1 Smart Shelf Management System Industrial Chain
8.2 Smart Shelf Management System Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Smart Shelf Management System Sales Model
8.5.2 Sales Channel
8.5.3 Smart Shelf Management System Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Mondelez International
Microsoft Corporation
WestRock
Telink
Sennco Solutions Inc
Panasonic UK & Ireland
NeWave Sensor Solutions, LLC
Cisco
IBM
Intel
PTC (software company)
Huawei Technologies Co Ltd
Sierra Wireless
Software AG
Accenture
Bosch Software Innovations GmbH
Oracle
AT&T Intellectual Property
Happiest Minds Technologies
Allerin Tech Pvt Ltd
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*If Applicable.
