Global Smart Shelves Market: Increasing Customer Personalization and Customization Drives Growth

Smart shelves refer to electronically connected shelves that keep track of inventory and provide product information, cross-selling recommendations, and marketing ideas using a combination of sensors, digital displays, and RFID tags. They also give businesses priceless insight into the preferences and purchasing habits of their customers. The smart shelves are used to automatically track inventory in retail stores.

The main components in smart shelves are hardware, software and services. Hardware refers to the tangible, touchable, physical parts of a computer system. The most crucial hardware elements are the motherboard, CPU, RAM memory, IO system, power supply, video display controller, bus, and hard drive. The major enterprise size are SMEs and large enterprise. The different applications include planogram management, inventory management, pricing management, content management and others that are used by departmental stores, supermarkets, specialty stores and other end-users.

The smart shelves market research report is one of a series of new reports that provides Smart shelves market statistics, including smart shelves industry global market size, regional shares, competitors with smart shelves market share, detailed Smart shelves market segments, market trends, and opportunities, and any further data you may need to thrive in the smart shelves industry. This smart shelf market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Technological advancement is a key trend gaining popularity in the smart shelf market. Major market players in the smart shelves market are focused on technological innovations to sustain their position in the market.

For instance, in October 2022, Unified Natural Foods Inc., a US-based natural and organic food company introduced a smart shelf tag initiative based on new technology Eli QR codes, which will allow consumers to obtain product information as they shop in stores. ELi QR Codes are an improved, more secure variation of a QR code that can be scanned to give customers more information about a product and rich digital content on their smartphones without the need for an app.

The ELi QR Code's content will be obtained from the provider and automatically filled in for each unique UPC to provide information on nutrition, allergens and promotional offers, customer reviews, traceability details, and brand stories which will leverage customers' shopping experience.

North America was the largest region in the smart shelves market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart shelves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the smart shelves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.