Electronic Shelf Label Market Projected to Reach $3.5 Billion By 2031 | Allied Market Research
The global electronic shelf label market was valued at $825.1 million in 2021, and is projected to reach $3.5 billion by 2031, growing at a CAGR of 15.5% from 2022 to 2031.
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Electronic shelf label (ESL) also known as digital price tags, are digital wireless display systems that retail stores use to show product prices. Typically, ESLs are attached to the front edge of retail shelving. Once applied to the shelves, it directly connects to the store's ERP and point of sales (POS) to reduce pricing management labor costs, improve pricing accuracy, and enable dynamic pricing.