Smart Shelves Market worth $8.3 billion by 2027, growing at a CAGR of 22.4%: Report by MarketsandMarkets™

Chicago, Jan. 29, 2024 (GLOBE NEWSWIRE) — The global Smart Shelves Market size is expected to grow from $3.0 billion in 2022 to $8.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 22.4% during the forecast period 2022 to 2027, according to a new report by MarketsandMarkets™. Increased use of technologies like IoT and RFID in retail is boosting the SOAR market growth.

Browse in-depth TOC on “Smart Shelves Market
286 – Tables
39 – Figures
224 – Pages

Download PDF Brochure:

Smart Shelves Market Dynamics:


  • Increased use of technologies like IoT and RFID in retail
  • Adoption of enhanced inventory management
  • Use of automation and intelligence for smart shopping


  • Need for retailers to build closer connections with customers


  • Privacy concerns related to in-built data tags

List of key players in Smart Shelves Market:

  • SES-Imagotag (France),
  • Pricer (Sweden),
  • Trax (Singapore),
  • Avery Dennison (US),
  • Samsung (South Korea),
  • E Ink (Taiwan),
  • Intel (US),
  • Huawei (China),
  • Honeywell (US),
  • Solum (south Korea),

Make an Enquiry @

Hardware segment to account for the largest market size during the forecast period

Retail stores and outlets seek interest in the adoption of automated solutions that can enhance the overall in-store shopping experience of customers. Advancements in technologies have transformed brick-and-mortar stores into modernized ones, attracting customers by effectively engaging them in physical store shopping. Moreover, various hardware such as sensors, cameras, RFID, digital displays, and ESLs are included in the retail stores, which has transformed an ordinary shelf into a smart one. Smart shelves facilitate easy self-checkouts and improve the customer experience in retail stores.

Large enterprises segment to hold a larger market size during the forecast period

Companies with having an employee strength of more than 1,000 are defined as large enterprices. Large-scale retailers, supermarkets, and hypermarkets with multinational presence have been considered as large enterprises. Real-time inventory insights, check and update customer buying behavior, pricing management, and assist the retailer in optimizing store operations are provided by smart shelves. Walmart, Kroger, and Walgreens, among others are the large enterprices which are  already deployed ESLs, sensors, RFID tags, and readers in their outlets in the US, Canada, and European nations.

Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting

Browse Other Reports:

Application Delivery Controller Market

Contactless Payment Market

Data Visualization Tools Market

Network Traffic Analyzer Market

Cloud Industry Outlook

CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email:

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. takes no editorial responsibility for the same.