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Electronic shelf label market to grow by 22%

February 27, 2020

The electronic shelf label market will grow at a compound annual growth rate of 22.42% from 2019 to 2024, according to a report by Reportlinker.

The high accuracy and lower labor costs of the devices is driving adoption. Also, the increasing adoption of Near-Field-Communication is driving adoption of ESLs, since end users can integrate the ESLs directly with handheld devices, according to the report.

However, the high initial investment, as well as lack of knowledge on how ESLs work is holding back full adoption of ESLs, according to the report.