Market Trend and Drivers
- The labeling industry is currently limited to manual, printed & framed tags on every price changes. We have the first mover advantage of E-LABELING as the current labeling practices are just old, time consuming and increase in labor hours.
- A rising volume of price changes need labeling strategy to keep the pace. For large network ESL provide an ideal way for marketing department to ensure the right prices are in the right place and at the right time.
- The ESL market is growing over 16% CAGR between 2018 and 2024. This market is expected to witness a significant growth due to increasing adoption by the retails industry.
- The increasing competition in the retail sector is encouraging Retailers to adopt advance strategies in implementation of automation in the stores to attract the consumers.
