You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

BANGALORE, India, Jan. 5, 2021 /PRNewswire/ -- The Electronic Shelf Label Market is Segmented By Product Type (LCD, Segmented E-Paper, and Full-Graphic E-Paper), Component (Displays, Batteries, Transceiver, Microprocessors, and Others), Display Size (Less than 3 Inch, 3 Inch to 7 Inch, 7 Inch to 10 Inch, and More than 10 Inch), Communication Technology (Radio Frequency, Infrared, Near Field Communication, and Others), and Store Type (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, and Others), Key Vendors and Regional Growth: Global Opportunity Analysis and Industry Forecast, 20212027. This report is published on Valuates Reports in the Electric & Electronic category. The global electronic shelf label (ESL) market size was valued at USD 624.7 Million in 2018 and is projected to reach USD 2.40 Billion by 2027, growing at a CAGR of 15.9% from 2020 to 2027. Major factors driving the electronic shelf label market size are trending automation in the retail industry, increasing the need for more cost-efficient and less time-consuming alternatives to paper labels. This study comprises an analytical depiction of the electronic shelf label market size along with the current trends and future estimations to depict the imminent investment pockets. The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis. Request a Sample Copy of the Report For COVID-19 Impact Analysis on Electronic Shelf Label Market: https://reports.valuates.com/request/sample/ALLI-Manu-4Y30/Electronic_Shelf_Label_Market TRENDS INFLUENCING THEELECTRONIC SHELF LABEL MARKET SIZE An increase in the adoption of automation in the retail sector is expected to drive theelectronic shelf label market size. Automation has proven to be beneficial for retailers. The trend of retail automation is fuelling the adoption of electronic shelf labels across all forms of retail stores, including supermarkets, hypermarkets, speciality stores, and non-food retailers. The establishment of this system in the retail store provides a competitive pricing approach as well as helping to minimize labour input by eliminating manual operations. Furthermore, the electronic shelf label market size is expected to grow in the emerging economies due to growing retail automation. The countries in Asia and the Middle East are among the fast-growing countries in the retail automation market, thus providing sufficient room for the deployment of electronic shelf labels in retail infrastructure. These emerging markets are expected to boost the demand for the electronic shelf label market during the forecast period. View Report Details Before Purchasing: https://reports.valuates.com/market-reports/ALLI-Manu-4Y30/electronic-shelf-label ELECTRONIC SHELF LABEL MARKET SHARE ANALYSIS Based on product type thefull-graphic e-paper is expected to witness growth in the electronic shelf label market. a full-graphic e-paper uses e-papers as their display component. The key advantage of these labels is their energy efficiency and their ability to project graphic items, such as logos and callouts, to promote real-time product positioning. Based on the store type, the non-food retail stores are expected to witness the highest CAGR. Non-food retail stores include computer shops, supermarkets, and pharmacies. Digital pricing and superior stock management are the main benefits of using electronic shelf labels in these stores. The standardized electronic labels lead to well-organized pharmacies and electronic stores. Based on region, the Asia-Pacific electronic shelf label market is expected to grow at an18.7%CAGR during the forecast period. This rapid growth of Asia-Pacific is attributed to the presence of high-interest retail giants and easy availability of processing machines, the high growth of full graphic e-paper displays, and the increasing popularity of non-food retail stores in the region. Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-4Y30/Electronic_Shelf_Label_Market Electronic Shelf Label Market Key Segments: By Product Type LCD Segmented E-Paper Full-Graphic E-Paper By Component Displays Batteries Transceiver Microprocessors Others By Display Size Less than 3 Inch 3 Inch to 7 Inch 7 Inch to 10 Inch More than 10 Inch By Communication Technology Radio Frequency Infrared Near Field Communication Others By Store Type Hypermarkets Supermarkets Non-Food Retail Stores Speciality Stores Others Key Players: - Pricer- Displaydata- E Ink Holdings- Samsung Electro- Mechanic- Diebold Nixdorf- Altieer- SES-imagotag - Clearink Display- Panasonic Corporation- NCR Corporation- SoluM Co., Ltd. "We can also add the other companies as you want" Buy Now for Single User + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-4Y30&lic=single-user Buy Now for Enterprise License + Covid-19 Impact: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-4Y30&lic=enterprise-license SUBSCRIPTION We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans. SIMILAR REPORTS : - Smart Retail Market In 2019, the global Smart Retail marketsize was USD 12.410 Billion and it is expected to reach USD 30.730 Billion by the end of 2026, with a CAGR of 13.7% during Forecast Period 2020-2026. Major factors driving the growth of smart retail market size are, increasing adoption of smartphones, growing need for better customer service and shopping experience, decreasing cost of electronic components, and emerging new technologies. - Retail Analytics Market The Global Retail Analytics Marketsize is expected to grow from USD 4,581.96 Million in 2019 to USD 9,372.60 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 12.66%. - Digital Signage Market In 2019, the global Digital Signage marketsize was USD 9604.5 Million and it is expected to reach USD 14220 Million by the end of 2026, with a CAGR of 5.7% during 2021-2026. From a global perspective, this report represents the overall Digital Signage Market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc. - Flexible Display Market The global Flexible Display marketsize is projected to reach USD 21990 million by 2026, from USD 5033 million in 2020, at a CAGR of 27.9% during 2021-2026. North America is expected to hold the largest flexible display market share during the forecast period. This report focuses on the Flexible Display market size at the global level, regional level, and company level. - Retail Automation Market The retail automation marketsize was valued at USD 11.24 Billion in 2018 and is projected to reach USD 23.58 Billion by 2026, growing at a CAGR of 9.6% from 2019 to 2026. North America dominated the overall market share of retail automation in 2018, with many major players operating in the region due to the availability of well-developed IT infrastructure. Asia-Pacific is expected to witness the highest CAGR during the forecast period due to an increase in digitalization in the retail sector. - Smart Labels Market In 2019, the global Smart Labels marketsize was USD 6894.5 Million and it is expected to reach USD 19700 Million by the end of 2026, with a CAGR of 16.0% during 2021-2026. - Augmented Reality in Retail Market The global augmented reality in retail marketsize is projected to reach USD 4612.7 Million by 2026, from USD 1544 Million in 2020, at a CAGR of 20.0% during 2021-2026. - Artificial Intelligence (AI) in Retail Market The global Artificial Intelligence in Retail marketsize is projected to reach USD 14.7 Billion by 2026, from USD 2.7 Billion in 2020, at a CAGR of 32.7% during 2020-2026. - Intelligent Vending Machines Market In 2019, the global Intelligent Vending Machines marketsize was USD 913.5 million and it is expected to reach USD 1998.6 million by the end of 2026, with a CAGR of 11.7% during 2021-2026. - RFID Market The Global RFID MarketSize to grow from USD 17,253.65 Million in 2018 to USD 26,435.12 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.28%. - E-Paper Electronic Shelf Label Market E Paper Electronic Shelf Label MarketSize, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Standard (1-3 inch), Mid-Large (3.1-7 inch), Large (7.1-10 inch)), By Application (Department Stores, Supermarket, Drug Stores, Specialty Stores, Other) and Regional Opportunity Analysis and Industry Forecast 2026 - E Ink Electronic Shelf Label Market E Ink Electronic Shelf Label MarketSize, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. To see the full list of related reports on the Electronic Shelf Label ABOUT US: Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources CONTACT US: Valuates Reports[emailprotected] For U.S. Toll-Free Call +1-(315)-215-3225For IST Call +91-8040957137WhatsApp : +91-9945648335Website:https://reports.valuates.com Twitter - https://twitter.com/valuatesreports Linkedin - https://in.linkedin.com/company/valuatesreports Facebook - https://www.facebook.com/valuatesreports SOURCE Valuates Reports

Answer: Electronic Shelf Label Market Size is Projected to Reach USD 2.40 Billion by 2027 at CAGR 15.9% - Valuates Reports USA - English USA - English