Digital Shelf Market worth USD 7,498.5 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Digital Shelf Market by Component (Software and Services), by Application (Consumer Electronics, Beauty & Personal Care, Books & Stationary, Automotive, Clothing and Footwear, Home Decor and Electronics, Sports & Leisure, Travel & Tourism, and Others), by Region – Global Share and Forecast to 2030".

According to the Market Statsville Group, the global digital shelf market size is projected to register a CAGR of 40.1% to reach USD 7,498.5 million by 2030 from USD 381.1 million in 2021. Rising discounts/sale on different websites is one-factor driving the growth of the digital shelf market. Based on a survey, around 69% of consumers purchase products based on product reviews, followed by product comparison. Digital shelf plays an important role in adding value to the product. Increasing demand for brand and product/service comparison in various end-use industries is expected to impact the market's growth positively. Further, the e-commerce industry is emerging and evolving, it delivers goods and services in a timely manner and with the assistance of real-time monitoring to the customer. Such factors are driving the growth of the market over the forecast period at the global level.

Top trends of the digital shelf industry

• Emerging nations are major growth engines of the digital shelf industry. Countries such as China, Japan, India, and South Korea are majorly driving the market's growth. The Asia Pacific has become an imperative market for digital shelf over the past few years. The evolution of smartphones in the region has shifted internet usage towards mobiles, as a result of which, most searches happen on smartphones. The region has emerged as the fastest-growing base for smartphones.
• The trend of customer experience has exploded, and online retailers are racing to meet such trends. They are designing tailored customer journeys along with user-friendly interfaces and responsive pricing strategies. The penetration of innovative and influential technology trends is reshaping the relationship between the seller and the buyer, which is a key factor in shaping the digital shelf market across the globe.
• Since social media is constantly gaining momentum, established digital shelf players are finding ways to improve their presence on social media. The rise in social commerce has been driven partly by younger consumers looking for new, interesting, and convenient ways to browse and shop online. People who spend a major part of their day on social media have said that their purchases are influenced by social media browsing

Global Digital Shelf Market Segmentation

The overall global digital shelf market has been segmented into component, application, and region.

• By Component (Software and Services) 
• By Application (Consumer Electronics, Beauty & Personal Care, Books & Stationary, Automotive, Clothing and Footwear, Home Décor & Electronics, Sports & Leisure, Travel & Tourism, and Others)
• By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

Consumer electronics, by application, is estimated to hold the largest market share during the forecast period

Consumer electronics contribute majorly to the growth of the global digital shelf market. As per MSG Analysis, around 30.8% of the market is driven by the sales of consumer electronics in 2021. As consumer electronics purchases are often costly, therefore, consumers prefer comparing the price and reviews of consumer electronics before purchasing. However, the beauty and personal care industry will project the highest CAGR during the forecast period, backed by the rising demand for hyper-personalization and digitally enhanced in-store.

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North America accounts for the largest market share in the digital shelf market

North America held the largest market share of 42.4% of the global digital shelf market in 2021. The digital shelf industry is mainly driven by the North American region, especially the US. The presence of major market players (~50%) in the US, owing to the high R&D spending on advanced technologies in the eCommerce sector, supports the high share of North America in the global market. Moreover, the region is expected to retain its position by exhibiting a considerable CAGR of 31.0% during the forecast period.

Key Market Players in the Global Sports Sponsorship Market

• PriceSpider
• Scan Group
• Edge by Ascential
• Profitero, inc.
• Salsify
• Dataweave
• Data Impact by NielsenIQ
• Contentserv Group AG
• Zkong Network
• ChannelSight

Key Benefits for Global Sports Sponsorship Market Report:

• The Global Sports Sponsorship Market report provides a comprehensive analysis of the global market size and its future prospects.
• The Global Sports Sponsorship Market Research Report features ongoing developments, news, research findings, and views on the industry.
• It provides in-depth knowledge of current and future developments expected to impact the Industry
• Key players are profiled in this report to provide information about their business strategies and development plans.

Browse the complete report: https://www.marketstatsville.com/digital-shelf-market

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in various industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them with research ahead of the curve.

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