The Smart Shelves Market size was valued at USD 3.21 billion in 2022 and is expected to reach USD 15.54 billion in 2030 with a growing CAGR of 21.8% Over the Forecast Period of 2023-2030.
The main factors driving the smart shelf market are the improvement of inventory management by retail to produce better replenishing options and real-time engagement, as well as the use of Retail automation and artificial intelligence to enhance the overall shopping experience for customers. Urbanization and consumer spending power are on the rise, which boosts demand for luxury and natural goods and promotes market expansion. Due to the growing popularity of retail automation, retailers have a significant demand for pricing optimization, increased operational effectiveness, and real-time product placement. These are just a few of the significant factors propelling the global market's upward trend. The rapid rise in sales across several e-commerce platforms enables the business under study to flourish by supplying new products to e-commerce distribution centers to maintain effective inventory management. According to the USA Census Bureau, commercial e-commerce in the USA generated approximately USD 265 billion from July to September 2022, an increase of 3% from the prior quarter. Additionally, growing retail sales are advancing the company.
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Drivers
The increased utilization of technologies such as IoT and RFID in the retail
Urbanization and consumer spending power are on the rise.
The smart shelves Industry is primarily driven by the adoption of smart technologies. RFID technology plays an increasingly significant role in enhancing the competitiveness of modern retail enterprises, leading to the emergence of smart retail and intense competition among companies. The demand for the rapid implementation of RFID in modern retail has surged due to rising labor costs and the need to reduce operational costs in logistics. The retail market has always been at the forefront of RFID usage, with many businesses already reaping the benefits of its implementation. In order to boost revenue, cut costs, improve efficiency, and enhance the customer experience, businesses are increasingly inclined to embrace IoT technology. IoT has proven instrumental in aiding businesses in making informed decisions, gathering, and analyzing data, automating workflows, and more. Given the ever-changing lifestyles and constantly evolving corporate environments, the adoption of IoT has become even more crucial. These technologies collectively drive the smart experience offered by retailers.
Restrains
Privacy issues with inbuilt data tags
Opportunities
Retailers must establish stronger relationships with customers upfront.
In order to stay competitive, industries are embracing more automation, boosting productivity, cutting costs, and assisting with data collection. According to a Modern Retail article, a technological survey revealed insights into this widespread adoption of technology, with 75% of decision-makers planning to increase their use of technology and create smart warehouse systems by 2020. With the introduction of smart shelves, warehouse difficulties and tracking products along the supply chain will be resolved. Smart shelving is one of the technologies that is gaining traction in the retail and fulfillment sectors. The market for RFID technology is expanding as a result of new potential for the smart shelf sector. The market for smart labels will benefit the market for smart shelves in addition to RFID.
Challenges
The market for smart shelves may slow down as more consumers shop online.
Geopolitical tensions and instability can lead to fluctuations in commodity prices, including those related to electronics manufacturing. Components like sensors, displays, and RFID technology could experience price increases or supply shortages. Investors and businesses often become cautious in times of geopolitical instability. This can lead to delayed or canceled investments in new technologies, including smart shelves. Companies may prioritize stability over innovation in such circumstances. Governments may impose export restrictions on certain technologies or components, further limiting the availability of smart shelf-related products in affected regions or globally. On the flip side, the Smart Shelves market may see increased demand for solutions that enhance inventory management. In times of economic uncertainty, businesses often seek to optimize their operations and reduce losses, making smart shelves with real-time tracking and inventory management capabilities more attractive. The impact can vary by region. Depending on the extent of involvement of businesses or manufacturers in the conflict-affected areas, the repercussions may be more significant in certain regions than in others.
Impact of Recession
Retailers may put expansion plans on hold during a recession, which could affect the adoption of Smart Shelves in new stores. Smart Shelves are often part of modernization efforts, and these projects might be postponed. Economic downturns can disrupt global supply chains, leading to delays in the manufacturing and delivery of Smart Shelf components. This can affect the ability of suppliers to meet demand and potentially increase costs. Businesses facing financial constraints during a recession may prioritize cost reduction over technology investments. They might postpone or cancel Smart Shelves projects in favor of more immediate cost-saving measures. The impact of a recession on the Smart Shelves market can vary by industry. For example, industries like grocery and essential retail may continue to invest in Smart Shelves to enhance efficiency and customer experience, while luxury retailers may cut back. The recession's impact on e-commerce versus brick-and-mortar retail can also influence the Smart Shelves market. E-commerce may see increased demand for automated warehouses and smart logistics solutions, while traditional retailers may face more significant challenges. Some companies may view the recession as an opportunity to innovate and adapt. Smart Shelves can provide retailers with data analytics and inventory management capabilities that can help optimize operations and reduce waste, which may be more appealing during challenging economic times.
By Components
Hardware
Software and solutions
Professional services
By Enterprise Size
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
By Application
Inventory Management
Pricing Management
Planogram Management
By End-user
Departmental Stores
Supermarkets
Specialty Stores
Others
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The market is segmented into two categories based on organization size Large Enterprises and Small and medium Enterprises. The Large Enterprises market dominated the Global Smart Shelves Market, experiencing a significant growth rate of 21% during the forecast period. On the other hand, the Small & Medium Enterprises market is projected to witness a higher growth rate of 26% during the same period.
During the projection period, the North American market is anticipated to generate the greatest revenue share, which is due to the expansion of leading market participants' operations in these nations. By combining their distinct analytic product clouds, for instance, Avery Dennison and SAP intend to address waste issues in the retail industry. Stores should find it simpler to manage and keep track of product expiration dates as a result. A contract was signed by the parties to integrate Avery Dennison's atma.io linked product cloud with SAP Analytics Cloud, a part of SAP Business Technology Platform. According to sources, data for the SAP Analytics dashboard is provided via products tagged with Avery Dennison's digital identification technology, such as RFID, and atma.io.
The Asia Pacific region, including countries like China, Japan, Australia, Singapore, and South Korea, holds great potential as a market for smart shelves. The economic reform programs implemented by various countries in this region are creating lucrative growth opportunities for manufacturers in the smart shelves market. Furthermore, the expansion of large-scale retailers in Asia Pacific is also contributing to the anticipated high growth rate of the smart shelves market. One of the key drivers behind the growth of smart shelves in Asia Pacific is the presence of major vendors in the region. Companies such as E Ink Holdings, Huawei, and Happiest Minds, which are headquartered in Asia, play a significant role in driving the market forward.
The introduction of Internet of Things (IoT) technology to address the challenges faced by online retailers and traditional retailers is expected to further boost the smart shelves market. By leveraging emerging technologies like Artificial Intelligence (AI) and IoT, retailers can improve customer satisfaction scores by 21% and inventory turnovers by 24.3%.
Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The major players are Huawei, Pricer, Honeywell, Trax, SES-Imagotag, Samsung, Avery Dennison, E Ink, NEXCOM, DreamzTech Solutions, Tronitag, Solum, Mago S.A., Sennco, PCCW Solutions, NXP semiconductor, Wiseshelf, Diebold Nixdorf, Minew, AWM Smart Shelves, Happiest Minds, Software AG, and others in final report.
SES-image tag introduced the VUSION Operating System and IoT sustainability program in March 2022. Utilizing insights and data in real time, will assist merchants in digitizing their locations to become more automated and linked.
In order to provide improved visibility of SKU performance in conventional mom-and-pop businesses, Trax teamed with Storecheck in July 2021.
E Ink and Atmosic collaborated to offer a power-optimized eBadge reference design in January 2021. It will include one of E Ink's 2.9" or 3.7" monochrome panels.
Avery Dennison and VeChain teamed in August 2020. VeChain and Avery Dennison Intelligent Labels were able to present their many cutting-edge technological solutions, including blockchain and IoT, to business delegates from all around the world thanks to the relationship.
The Canadian Tyre Dealer Association (CTDA), a dealer network with about 500 locations throughout Canada, inked a Master Framework Agreement with Pricer as its sole supplier for Electronic Shelves Label (ESL) systems in July 2020, according to a press release from Pricer.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.21 Bn |
| Market Size by 2030 | US$ 15.54 Bn |
| CAGR | CAGR of 21.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Components (Hardware, Software and solutions, Professional Services) • By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)) • By Application (Inventory Management, Pricing Management, Content Management, Planogram Management) • By End-user (Departmental Stores, Supermarkets, Specialty Stores, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Huawei, Pricer, Honeywell, Trax, SES-Imagotag, Samsung, Avery Dennison, E Ink, NEXCOM, DreamzTech Solutions, Tronitag, Solum, Mago S.A., Sennco, PCCW Solutions, NXP semiconductor, Wiseshelf, Diebold Nixdorf, Minew, AWM Smart Shelves, Happiest Minds, Software AG |
| Key Drivers | • The increased utilization of technologies such as IoT and RFID in the retail • Urbanization and consumer spending power are on the rise. |
| Market Restraints | • Privacy issues with inbuilt data tags |
Ans. The CAGR of the Smart Shelves Market is 21.8 %.
Ans: The value of the Smart Shelves Market is 3.21 billion in 2022.
ANS: The four segments are covered in the Smart Shelves Market, By Components, By Enterprise Size, By Application, By End-user.
Ans. The forecast period of the Smart Shelves Market is 2022-2030.
Ans:
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Smart Shelves Market Segmentation, By Components
8.1 Hardware
8.2 Software and solutions
8.3 Professional services
9. Smart Shelves Market Segmentation, By Enterprise Size
9.1 Large Enterprises
9.2 Small and medium-sized Enterprises (SMEs)
10. Smart Shelves Market Segmentation, By Application
10.1 Inventory Management
10.2 Pricing Management
10.3 Content Management
10.4 Planogram Management
11. Smart Shelves Market Segmentation, By End-user
11.1 Departmental Stores
11.2 Supermarkets
11.3 Specialty Stores
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Smart Shelves Market By Country
12.2.2 North America Smart Shelves Market By Components
12.2.3 North America Smart Shelves Market By Enterprise Size
12.2.4 North America Smart Shelves Market By Application
12.2.5 North America Smart Shelves Market By End-user
12.2.6 USA
12.2.6.1 USA Smart Shelves Market By Components
12.2.6.2 USA Smart Shelves Market By Enterprise Size
12.2.6.3 USA Smart Shelves Market By Application
12.2.6.4 USA Smart Shelves Market By End-user
12.2.7 Canada
12.2.7.1 Canada Smart Shelves Market By Components
12.2.7.2 Canada Smart Shelves Market By Enterprise Size
12.2.7.3 Canada Smart Shelves Market By Application
12.2.7.4 Canada Smart Shelves Market By End-user
12.2.8 Mexico
12.2.8.1 Mexico Smart Shelves Market By Components
12.2.8.2 Mexico Smart Shelves Market By Enterprise Size
12.2.8.3 Mexico Smart Shelves Market By Application
12.2.8.4 Mexico Smart Shelves Market By End-user
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Smart Shelves Market By Country
12.3.1.2 Eastern Europe Smart Shelves Market By Components
12.3.1.3 Eastern Europe Smart Shelves Market By Enterprise Size
12.3.1.4 Eastern Europe Smart Shelves Market By Application
12.3.1.5 Eastern Europe Smart Shelves Market By End-user
12.3.1.6 Poland
12.3.1.6.1 Poland Smart Shelves Market By Components
12.3.1.6.2 Poland Smart Shelves Market By Enterprise Size
12.3.1.6.3 Poland Smart Shelves Market By Application
12.3.1.6.4 Poland Smart Shelves Market By End-user
12.3.1.7 Romania
12.3.1.7.1 Romania Smart Shelves Market By Components
12.3.1.7.2 Romania Smart Shelves Market By Enterprise Size
12.3.1.7.3 Romania Smart Shelves Market By Application
12.3.1.7.4 Romania Smart Shelves Market By End-user
12.3.1.8 Hungary
12.3.1.8.1 Hungary Smart Shelves Market By Components
12.3.1.8.2 Hungary Smart Shelves Market By Enterprise Size
12.3.1.8.3 Hungary Smart Shelves Market By Application
12.3.1.8.4 Hungary Smart Shelves Market By End-user
12.3.1.9 Turkey
12.3.1.9.1 Turkey Smart Shelves Market By Components
12.3.1.9.2 Turkey Smart Shelves Market By Enterprise Size
12.3.1.9.3 Turkey Smart Shelves Market By Application
12.3.1.9.4 Turkey Smart Shelves Market By End-user
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Smart Shelves Market By Components
12.3.1.10.2 Rest of Eastern Europe Smart Shelves Market By Enterprise Size
12.3.1.10.3 Rest of Eastern Europe Smart Shelves Market By Application
12.3.1.10.4 Rest of Eastern Europe Smart Shelves Market By End-user
12.3.2 Western Europe
12.3.2.1 Western Europe Smart Shelves Market By Country
12.3.2.2 Western Europe Smart Shelves Market By Components
12.3.2.3 Western Europe Smart Shelves Market By Enterprise Size
12.3.2.4 Western Europe Smart Shelves Market By Application
12.3.2.5 Western Europe Smart Shelves Market By End-user
12.3.2.6 Germany
12.3.2.6.1 Germany Smart Shelves Market By Components
12.3.2.6.2 Germany Smart Shelves Market By Enterprise Size
12.3.2.6.3 Germany Smart Shelves Market By Application
12.3.2.6.4 Germany Smart Shelves Market By End-user
12.3.2.7 France
12.3.2.7.1 France Smart Shelves Market By Components
12.3.2.7.2 France Smart Shelves Market By Enterprise Size
12.3.2.7.3 France Smart Shelves Market By Application
12.3.2.7.4 France Smart Shelves Market By End-user
12.3.2.8 UK
12.3.2.8.1 UK Smart Shelves Market By Components
12.3.2.8.2 UK Smart Shelves Market By Enterprise Size
12.3.2.8.3 UK Smart Shelves Market By Application
12.3.2.8.4 UK Smart Shelves Market By End-user
12.3.2.9 Italy
12.3.2.9.1 Italy Smart Shelves Market By Components
12.3.2.9.2 Italy Smart Shelves Market By Enterprise Size
12.3.2.9.3 Italy Smart Shelves Market By Application
12.3.2.9.4 Italy Smart Shelves Market By End-user
12.3.2.10 Spain
12.3.2.10.1 Spain Smart Shelves Market By Components
12.3.2.10.2 Spain Smart Shelves Market By Enterprise Size
12.3.2.10.3 Spain Smart Shelves Market By Application
12.3.2.10.4 Spain Smart Shelves Market By End-user
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Smart Shelves Market By Components
12.3.2.11.2 Netherlands Smart Shelves Market By Enterprise Size
12.3.2.11.3 Netherlands Smart Shelves Market By Application
12.3.2.11.4 Netherlands Smart Shelves Market By End-user
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Smart Shelves Market By Components
12.3.2.12.2 Switzerland Smart Shelves Market By Enterprise Size
12.3.2.12.3 Switzerland Smart Shelves Market By Application
12.3.2.12.4 Switzerland Smart Shelves Market By End-user
12.3.2.13 Austria
12.3.2.13.1 Austria Smart Shelves Market By Components
12.3.2.13.2 Austria Smart Shelves Market By Enterprise Size
12.3.2.13.3 Austria Smart Shelves Market By Application
12.3.2.13.4 Austria Smart Shelves Market By End-user
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Smart Shelves Market By Components
12.3.2.14.2 Rest of Western Europe Smart Shelves Market By Enterprise Size
12.3.2.14.3 Rest of Western Europe Smart Shelves Market By Application
12.3.2.14.4 Rest of Western Europe Smart Shelves Market By End-user
12.4 Asia-Pacific
12.4.1 Asia Pacific Smart Shelves Market By Country
12.4.2 Asia Pacific Smart Shelves Market By Components
12.4.3 Asia Pacific Smart Shelves Market By Enterprise Size
12.4.4 Asia Pacific Smart Shelves Market By Application
12.4.5 Asia Pacific Smart Shelves Market By End-user
12.4.6 China
12.4.6.1 China Smart Shelves Market By Components
12.4.6.2 China Smart Shelves Market By Enterprise Size
12.4.6.3 China Smart Shelves Market By Application
12.4.6.4 China Smart Shelves Market By End-user
12.4.7 India
12.4.7.1 India Smart Shelves Market By Components
12.4.7.2 India Smart Shelves Market By Enterprise Size
12.4.7.3 India Smart Shelves Market By Application
12.4.7.4 India Smart Shelves Market By End-user
12.4.8 Japan
12.4.8.1 Japan Smart Shelves Market By Components
12.4.8.2 Japan Smart Shelves Market By Enterprise Size
12.4.8.3 Japan Smart Shelves Market By Application
12.4.8.4 Japan Smart Shelves Market By End-user
12.4.9 South Korea
12.4.9.1 South Korea Smart Shelves Market By Components
12.4.9.2 South Korea Smart Shelves Market By Enterprise Size
12.4.9.3 South Korea Smart Shelves Market By Application
12.4.9.4 South Korea Smart Shelves Market By End-user
12.4.10 Vietnam
12.4.10.1 Vietnam Smart Shelves Market By Components
12.4.10.2 Vietnam Smart Shelves Market By Enterprise Size
12.4.10.3 Vietnam Smart Shelves Market By Application
12.4.10.4 Vietnam Smart Shelves Market By End-user
12.4.11 Singapore
12.4.11.1 Singapore Smart Shelves Market By Components
12.4.11.2 Singapore Smart Shelves Market By Enterprise Size
12.4.11.3 Singapore Smart Shelves Market By Application
12.4.11.4 Singapore Smart Shelves Market By End-user
12.4.12 Australia
12.4.12.1 Australia Smart Shelves Market By Components
12.4.12.2 Australia Smart Shelves Market By Enterprise Size
12.4.12.3 Australia Smart Shelves Market By Application
12.4.12.4 Australia Smart Shelves Market By End-user
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Smart Shelves Market By Components
12.4.13.2 Rest of Asia-Pacific Smart Shelves Market By Enterprise Size
12.4.13.3 Rest of Asia-Pacific Smart Shelves Market By Application
12.4.13.4 Rest of Asia-Pacific Smart Shelves Market By End-user
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Smart Shelves Market By Country
12.5.1.2 Middle East Smart Shelves Market By Components
12.5.1.3 Middle East Smart Shelves Market By Enterprise Size
12.5.1.4 Middle East Smart Shelves Market By Application
12.5.1.5 Middle East Smart Shelves Market By End-user
12.5.1.6 UAE
12.5.1.6.1 UAE Smart Shelves Market By Components
12.5.1.6.2 UAE Smart Shelves Market By Enterprise Size
12.5.1.6.3 UAE Smart Shelves Market By Application
12.5.1.6.4 UAE Smart Shelves Market By End-user
12.5.1.7 Egypt
12.5.1.7.1 Egypt Smart Shelves Market By Components
12.5.1.7.2 Egypt Smart Shelves Market By Enterprise Size
12.5.1.7.3 Egypt Smart Shelves Market By Application
12.5.1.7.4 Egypt Smart Shelves Market By End-user
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Smart Shelves Market By Components
12.5.1.8.2 Saudi Arabia Smart Shelves Market By Enterprise Size
12.5.1.8.3 Saudi Arabia Smart Shelves Market By Application
12.5.1.8.4 Saudi Arabia Smart Shelves Market By End-user
12.5.1.9 Qatar
12.5.1.9.1 Qatar Smart Shelves Market By Components
12.5.1.9.2 Qatar Smart Shelves Market By Enterprise Size
12.5.1.9.3 Qatar Smart Shelves Market By Application
12.5.1.9.4 Qatar Smart Shelves Market By End-user
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Smart Shelves Market By Components
12.5.1.10.2 Rest of Middle East Smart Shelves Market By Enterprise Size
12.5.1.10.3 Rest of Middle East Smart Shelves Market By Application
12.5.1.10.4 Rest of Middle East Smart Shelves Market By End-user
12.5.2. Africa
12.5.2.1 Africa Smart Shelves Market By Country
12.5.2.2 Africa Smart Shelves Market By Components
12.5.2.3 Africa Smart Shelves Market By Enterprise Size
12.5.2.4 Africa Smart Shelves Market By Application
12.5.2.5 Africa Smart Shelves Market By End-user
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Smart Shelves Market By Components
12.5.2.6.2 Nigeria Smart Shelves Market By Enterprise Size
12.5.2.6.3 Nigeria Smart Shelves Market By Application
12.5.2.6.4 Nigeria Smart Shelves Market By End-user
12.5.2.7 South Africa
12.5.2.7.1 South Africa Smart Shelves Market By Components
12.5.2.7.2 South Africa Smart Shelves Market By Enterprise Size
12.5.2.7.3 South Africa Smart Shelves Market By Application
12.5.2.7.4 South Africa Smart Shelves Market By End-user
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Smart Shelves Market By Components
12.5.2.8.2 Rest of Africa Smart Shelves Market By Enterprise Size
12.5.2.8.3 Rest of Africa Smart Shelves Market By Application
12.5.2.8.4 Rest of Africa Smart Shelves Market By End-user
12.6. Latin America
12.6.1 Latin America Smart Shelves Market By Country
12.6.2 Latin America Smart Shelves Market By Components
12.6.3 Latin America Smart Shelves Market By Enterprise Size
12.6.4 Latin America Smart Shelves Market By Application
12.6.5 Latin America Smart Shelves Market By End-user
12.6.6 Brazil
12.6.6.1 Brazil Smart Shelves Market By Components
12.6.6.2 Brazil Smart Shelves Market By Enterprise Size
12.6.6.3 Brazil Smart Shelves Market By Application
12.6.6.4 Brazil Smart Shelves Market By End-user
12.6.7 Argentina
12.6.7.1 Argentina Smart Shelves Market By Components
12.6.7.2 Argentina Smart Shelves Market By Enterprise Size
12.6.7.3 Argentina Smart Shelves Market By Application
12.6.7.4 Argentina Smart Shelves Market By End-user
12.6.8 Colombia
12.6.8.1 Colombia Smart Shelves Market By Components
12.6.8.2 Colombia Smart Shelves Market By Enterprise Size
12.6.8.3 Colombia Smart Shelves Market By Application
12.6.8.4 Colombia Smart Shelves Market By End-user
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Smart Shelves Market By Components
12.6.9.2 Rest of Latin America Smart Shelves Market By Enterprise Size
12.6.9.3 Rest of Latin America Smart Shelves Market By Application
12.6.9.4 Rest of Latin America Smart Shelves Market By End-user
13. Company Profile
13.1 Huawei
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Honeywell
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Trax.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 SES-Imagotag.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Samsung.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 E Ink.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 NEXCOM.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 DreamzTech Solutions.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Tronitag.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Mago S.A.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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