![]() The retail inventory segment to flourish immensely in the analysis periodīased on application, the retail inventory segment accounted for the highest share in 2021, with around 70% of total market share. Nonetheless, the growing expanse of the e-commerce industry might create numerous growth opportunities in the market.īuy This Research Report (202 Pages PDF with Insights, Charts, Tables, Figures): On the contrary, dismal mechanical strength of smart labels may create hurdles in the growth of the market. This is estimated to be the primary growth driver of the smart labels market in the analysis timeframe. Rapid urbanization across the globe has led to an increase in the number of technological advancements and consolidation of industries. Primary Growth Drivers, Market Restraints, and Investment Opportunities: ![]() ![]() The report provides a comprehensive study of the latest market trends, most profitable segments, and the competitive landscape of the industry. The market accounted for $9 billion in 2021 and is anticipated to rise at a CAGR of 15.8% during the 2022-2031 period. As per the report, the global smart labels market is expected to garner a revenue of $39.2 billion by 2031. 01, 2023 (GLOBE NEWSWIRE) - Recently, Allied Market Research published a report, " Smart Labels Market by Product Type (QR Codes, Barcodes and RFID), Printing Technology (Flexographic and Digital) and End User (Retail, Healthcare, Logistics and Others) and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031". Rising demand for anti-theft devices due to security reasons is expected to drive the global smart labels market.
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