The Business Research Company’s Smart Shelves Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Smart Shelves Global Market Report 2023 evaluates smart shelves market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global smart shelves market size is expected to grow from $2.75 billion in 2022 to $3.32 billion in 2023 at a compound annual growth rate (CAGR) of 20.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart shelves is expected to grow to $6.92 billion in 2027 at a CAGR of 20.2%.


The increase in customer personalization and customization is expected to propel the growth of the smart shelf market going forward. Personalization refers to the process of designing or altering a product to better suit a customer's wants and needs. When a customer manually alters an item to match their demands or specifications, this is called customization. Smart shelves help increase customer personalization and customization through the benefits of smart shelves, such as retailer profit maximization and the provision of a tailored shopping experience, which are anticipated to favorably impact the global market for smart shelves. For instance, according to IBM Watson Advertising, a US-based AI-powered advertising solution, in January 2022, 56% of customers want all of their interactions with brands to be customized. And in exchange for a better-personalized shopping experience, 70% of millennials are willing to let companies monitor their browsing and purchasing habits. Further, 59% of customers feel it's crucial to engage them in a customized way based on previous interactions if you want to win their business. Therefore, increasing customer personalization and customization is expected to drive the growth of the smart shelves market.


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The smart shelves market segments in the report are:
1) By Component: Hardware, Software, Services

2) By Enterprise Size: Small and Medium Enterprises (SMEs), Large Enterprise

3) By Application: Planogram Management, Inventory Management, Pricing Management, Content Management, Other Applications

4) By End-User: Departmental Stores, Supermarkets, Specialty Stores, Other End-Users

The table of contents in TBRC’s smart shelves market report includes:
1. Executive Summary
2. Smart Shelves Market Characteristics
3. Smart Shelves Market Trends And Strategies
4. Smart Shelves Market - Macro Economic Scenario
5. Smart Shelves Market Size And Growth
............
26. Africa Smart Shelves Market  
27. Smart Shelves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Shelves Market
29. Smart Shelves Market Future Outlook and Potential Analysis
30. Appendix
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