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Electronic Shelf Label (ESLS) Market size is set to grow by USD 1.64 billion from 2024-2028, Implementation of in-store technologies boost the market, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global electronic shelf label (ESLS) market size is estimated to grow by USD 1.64 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 15.69% during the forecast period. Implementation of in-store technologies is driving market growth, with a trend towards rising number of strategic partnerships and alliances. However, growth in e-commerce industry poses a challenge. Key market players include Danavation Technologies Corp., Diebold Nixdorf Inc., Displaydata Ltd., E Ink Holdings Inc., LANCOM Systems GmbH, M2COMM, New Zealand Electronic Shelf Labelling, Opticon Sensors Europe BV, Panasonic Holdings Corp., Pricer AB, Rational Innovation, RSJ Software GmbH, S and K Solutions GmbH and Co. KG, Samsung Electronics Co. Ltd., Shenzhen Minew Technologies Co. Ltd., SOLUM Europe Gmbh, Teraoka Seiko Co. Ltd., troniTAG GmbH, VusionGroup, and Zhejiang Hanshow Technology Co. Ltd..

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Electronic Shelf Label (ESLS) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.69%

Market growth 2024-2028

USD 1641 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.22

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 37%

Key countries

France, US, Germany, China, and Japan

Key companies profiled

Danavation Technologies Corp., Diebold Nixdorf Inc., Displaydata Ltd., E Ink Holdings Inc., LANCOM Systems GmbH, M2COMM, New Zealand Electronic Shelf Labelling, Opticon Sensors Europe BV, Panasonic Holdings Corp., Pricer AB, Rational Innovation, RSJ Software GmbH, S and K Solutions GmbH and Co. KG, Samsung Electronics Co. Ltd., Shenzhen Minew Technologies Co. Ltd., SOLUM Europe Gmbh, Teraoka Seiko Co. Ltd., troniTAG GmbH, VusionGroup, and Zhejiang Hanshow Technology Co. Ltd.

Market Driver

The global Electronic Shelf Label (ESL) market is experiencing growth, leading vendors to concentrate on product innovation and the introduction of smart ESLs to capitalize on the market’s potential. Strategic partnerships and alliances are a key focus for vendors, collaborating with technology providers, software developers, distributors, and other market participants. For instance, in 2023, Qualcomm Technologies, Inc. And SES-imagotag joined forces to develop new ESL technology based on Bluetooth SIG’s ESL wireless standard. These collaborations enhance vendors’ product offerings and expand their reach in various regions, contributing to market growth during the forecast period. 

Electronic Shelf Labels (ESLs) have become a trend in retail technology, with Radio Frequency Identification (RFID) and other connectivity technologies driving their proliferation. SES-imagotag and Hanshow Technology lead the market, benefiting from the surge in digitalization and automation in stores. Master Framework Agreements ensure regulatory support, while import-export and production analyses provide market insights. ESLs replace traditional paper labels, offering real-time product information, inventory status, special offers, and promotions. Battery-powered displays enable mobility and flexibility. SES-imagotag’s legacy ESL solutions facilitate mobile payment and NFC for brand loyalty programs. Communication technologies like Bluetooth and QR codes enhance the shopping experience, enabling employees to access product details and manage order picking and replenishment. E-commerce integration and staff resources improve job satisfaction. Market regulations ensure accuracy in pricing and product information. Market niches and market dominance continue to shape the ESL landscape. 

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Market Challenges

The e-commerce industry is experiencing significant growth due to advancements in communication networks, the increasing use of smartphones, and the digitalization trend. E-commerce retailers, such as Alibaba Group Holding, Amazon, eBay, Walmart, Flipkart, and Rakuten, are increasingly focusing on online retailing to cater to the growing demand for digital shopping. Technology-driven innovations like digital payments and digital advertisements are fueling the growth of e-commerce. However, the rise of e-commerce poses a challenge to the global electronic shelf label market as online retailers offer competitive prices, hindering the growth of traditional brick-and-mortar stores. Thus, retailers must adapt to remain competitive in the market.The Electronic Shelf Label (ESL) market in the retail sector is experiencing significant growth, driven by the need for real-time product information and automation. Traditional paper labels face challenges in providing up-to-date pricing and promotions, making ESLs an attractive alternative. Bluetooth and Near Field Communication (NFC) technologies enable seamless updates, while mobile payment facilitation enhances the shopping experience. However, challenges remain, such as the need for regulatory support and employee training. Legacy ESL solutions may require significant installation expenses and supporting infrastructure. Retailers in emerging economies with low labor costs offer opportunities for ESL deployments. Key Performance Indicators (KPIs) like order picking and replenishment efficiency have shown improvement with ESLs. Retail automation solutions like ESLs, 5G, and e-commerce are driving retail sector opportunities. Pilots and Proof of Concepts are underway at retailers like Carrefour, with vendors offering win-win solutions. ROI is a critical factor, with retailers seeking smart retail standards and a quick return on investment.

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Segment Overview 

This electronic shelf label (esls) market report extensively covers market segmentation by 

Technology 1.1 Radio frequency1.2 Infrared1.3 OthersProduct 2.1 LCD ESL2.2 Full graphic e-paper ESL2.3 Segmented e-paper ESLEnd-user 3.1 Supermarkets and hypermarkets3.2 Convenience stores/department stores/mass merchants3.3 Drug stores and othersGeography 4.1 Europe4.2 APAC4.3 North America4.4 Middle East and Africa4.5 South America

1.1 Radio frequency- Radio frequency (RF) technology is a crucial innovation in Electronic Shelf Labeling (ESL) systems. RF communication enables real-time pricing and information updates across a store network without requiring line-of-sight or the need for physical contact. This technology operates on electromagnetic waves within a frequency range of 3 kHz to 300 GHz, making it unobstructed by human beings and common materials. Retailers prefer RF integrated ESLs due to their cost-effective installation and operational efficiency. Leading ESL vendors, such as SES-Imagotag, SoluM, and Teraoka Seiko, offer RF integrated ESL models like VUSION, Graphic Label, and InfoTag, respectively. The integration of RF technology with NFC and Bluetooth in ESLs expands their functionalities, enabling enhanced user engagement and data transmission capabilities. The low installation cost and ease of use make RF integrated ESLs a popular choice for retailers, driving market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Electric Vehicle Test Equipment Market is poised for growth, driven by increasing demand for efficient testing solutions amidst rising EV adoption. Meanwhile, the global Ion Implanter Market sees advancements in semiconductor manufacturing, enhancing precision and efficiency. In the US, the Electronic Shelf Labels Market is expanding, leveraging digitalization in retail for real-time pricing updates and operational efficiency. These markets reflect significant technological advancements and strategic innovations shaping their respective industries.

Research Analysis

Electronic Shelf Labels (ESLs) are an essential component of retail automation, revolutionizing the way retailers manage pricing and inventory in their stores. The ESL market is experiencing a surge in digitalization due to the proliferation of technologies like 5G and the need for real-time, accurate pricing. Retailers are adopting ESLs to enhance the shopping experience, reduce labor costs, and improve brand loyalty. ESLs are not limited to large retailers; even small stores are embracing this technology. ESL market dynamics are influenced by installation expenses and supporting infrastructure. Communication technologies, such as Wi-Fi, Bluetooth, and RFID, enable seamless connectivity between ESLs and back-end systems. SES-imagotag is a leading player in this field, offering battery-powered displays with special offers and promotions capabilities. Inventory status updates in real-time help retailers optimize stock levels and minimize inaccurate pricing. The emergence of technologies like ESLs is transforming the retail sector in emerging economies, making it more competitive and efficient.

Market Research Overview

The Electronic Shelf Label (ESL) market is experiencing significant growth in the retail sector due to the surge in digitalization and automation in stores. ESLs, also known as digital price tags, offer real-time pricing and product information, replacing traditional paper labels. The market dynamics are driven by retail automation solutions, supporting infrastructure, and the proliferation of technologies like 5G, NFC, and Radio Frequency. Retailers in various store types are adopting ESLs to enhance their operations, offering benefits such as accurate pricing, brand loyalty, special offers, and promotions. Installation expenses and supporting infrastructure are key considerations for retailers, with ROI being a significant factor in their decision-making process. Emerging economies present opportunities for growth in the ESL market, with low labor costs making digitalization an attractive option. Communication technologies like Bluetooth and Wi-Fi are used for connectivity, enabling features like mobile payment facilitation and order picking. Market regulations and import-export analysis are important considerations for ESL vendors, with master framework agreements and pilot projects being common strategies for market entry. Trade regulations and production analysis also play a role in the market landscape. Inaccurate pricing, inventory status, and product details are addressed with ESL devices, providing a win-win solution for retailers and employees. Legacy ESL solutions are being replaced with newer technologies, offering improved functionality and staff resources for increased job satisfaction. Key Performance Indicators and smart retail standards are essential for measuring the success of ESL deployments, with Carrefour and other major retailers leading the way in ESL adoption. Overall, the ESL market offers significant opportunities for growth and innovation in the retail sector.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyRadio FrequencyInfraredOthersProductLCD ESLFull Graphic E-paper ESLSegmented E-paper ESLEnd-userSupermarkets And HypermarketsConvenience Stores/department Stores/mass MerchantsDrug Stores And OthersGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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