In a recent published report, Kenneth Research has updated the market report for Smart Label Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart Label Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Smart Label Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Smart Label Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
According to Azoth Analytics research report, global smart label market is projected to display a robust growth represented by a CAGR of 7.64% during 2019 – 2024. The technological segment of Smart Label has been witnessing growth at a noteworthy rate over the past few years backed by wider availability of options which adds flexibility in decision making coupled with emergence of big data and internet of things has led to increasing retail transactions backed by rising e-commerce market. Amongst the regions, North America accounts for the largest regional share in the global Smart Label market in 2019. Key factors driving the robust growth rate in North America region include strong consumption pattern with ease in the identification of products reducing the review timing coupled with greater adoption of smart labels by online giants to keep a track on supply chain analysis is likely to drive the regional market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10086179
The report titled “Global Smart Label Market: World Market Review By Technology (RFID, NFC, EAS, ESL), By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Application (Food & Beverage, Healthcare & Pharmaceutical, Automotive, Retail, Logistics), By Region (North America, Europe, APAC, ROW), By Country (US, Canada, UK, Germany, France, Netherlands, India, China, Japan, South Korea)” has covered and analyzed the potential of Global Smart Label market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Smart Label market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Smart Label Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Smart Label Market – Size, Growth, Forecast
• By Technology (Radio Frequency Identification, Near Field Communication, Electronic Article Surveillance and Electronic Shelf Labelling)
• By Application (Food & Beverage, Healthcare & Pharmaceutical, Automotive, Retail, Logistics and Others)
Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Smart Label Market – Size, Growth, Forecast
• By Technology (Radio Frequency Identification, Near Field Communication, Electronic Article Surveillance and Electronic Shelf Labelling)
• By Application (Food & Beverage, Healthcare & Pharmaceutical, Automotive, Retail, Logistics and Others)
Country Analysis – US, Canada, UK, Germany, France, Netherlands, India, China, Japan, South Korea (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Smart Label Market – Size and Growth
• By Technology (Radio Frequency Identification, Near Field Communication, Electronic Article Surveillance and Electronic Shelf Labelling)
• By Application (Food & Beverage, Healthcare & Pharmaceutical, Automotive, Retail, Logistics and Others)
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• SWOT Analysis
• Competitive Landscape
• Company Analysis – (Alien Technology, Avery Dennison Corporation, CCL industries, Thin Film Electronics, Zebra Technologies Corporation, Intermec, Nedap, Smartrac, Invengo Information Technology, and Sato Holding’s Corporation)
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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