$11.7 Billion Smart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Smart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global smart labels market reached a value of US$ 5.9 Billion in 2017. The market is further projected to reach US$ 11.7 Billion by 2023, exhibiting a CAGR of 12.1% during 2018 - 2023.
Industries such as logistics and transportation are greatly benefiting from smart label technology as smart labels help in attaining higher levels of productivity and accuracy in delivery. Moreover, smart labels also help in enhancing inventory management and product information. Smart labels carry significant advantages over barcode-only labels that simply cannot provide the same level of accuracy, readability and the depth of information.
In the retail segment, companies are strongly benefiting from smart label technology. For instance, large global retailers along with their suppliers are experiencing better product tracking and inventory management. Organizations are able to achieve huge time savings, which is also leading to reduced labor costs as companies no longer have to rely on a handheld scanners to extract information on products.
Shopkeepers and manufacturers have also benefited from smart label technology as they are extremely efficient in reducing shoplifting and theft. They also aid in strategies to prevent criminals from breaking into drug stores to access prescription drugs. All these products can be easily tracked and monitored using smart tags. This advantage can also be achieved inside the warehouse environment to decrease product theft on the back-end segment of the business.
There is an increasing awareness in the industry about counterfeiting and smart labels are playing a major role in reducing counterfeit attempts in all type of products.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Smart Labels Market
6 Market Breakup by Technology
7 Market Breakup by Component
8 Market Breakup by End-Uesr
9 Market Breakup by Region
10 Smart Labels Manufacturing Process
11 Competitive LandscapeAvery Dennison Corporation CCL Industries Inc Checkpoints Systems Inc. Zebra Technologies Corporation Intermec Inc. Invengo Information Technology Co Ltd Sato Holdings Corporation Thin Film Electronics ASA Smartrac N.V. Muehl
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005545/en/
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SOURCE: Research and Markets
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PUB: 11/06/2018 08:29 AM/DISC: 11/06/2018 08:29 AM