Technology
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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10 months agoon
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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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SOURCE Technavio

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Madhive Enhances Data Partnership with Datonics, the Industry’s First Certified CarbonNeutral® Data Provider
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May 19, 2025By

Over 1,000 Datonics data segments are now live within Madhive’s Data Marketplace, giving buyers even more ability to reach desired audiences across local CTV
NEW YORK, May 19, 2025 /PRNewswire-PRWeb/ — Audience data company and the industry’s first CarbonNeutral® data provider Datonics, has expanded its partnership with Madhive, the only unified operating system for local media, to help advertisers more effectively target and reach audiences across local CTV. Buyers can now access over 1,000 Datonics audience segments directly within Madhive’s data marketplace, including niche personas, commerce behaviors, lifestyle interests, and more—enhancing precision targeting across local CTV campaigns.
“Local advertisers need every dollar to work harder—and that starts with precision. At Madhive, we’re committed to empowering local TV advertisers with smarter, more efficient ways to reach their audiences. By deepening our partnership with Datonics, we’re bringing advanced targeting to our platform, enabling all advertisers to connect with the right consumers at the right time. Datonics’ granular, high-quality data and shared commitment to sustainability make them a natural fit as we help modernize local advertising for a more effective and responsible future,” said Luc Dumont, SVP of Business Development at Madhive.
These new segments are the latest addition to Madhive’s Data Marketplace, which enables advertisers to connect directly with curated audience segments, including behavioral, demographic, and transactional data, and more. Through partnerships with top-tier data providers, the marketplace offers high-quality audiences at efficient costs, leading to higher match rates and broader reach for marketers. With access to nearly every CTV household, the marketplace enables hyperlocal targeting down to the zip code and congressional district level.
Datonics recently became the first audience data company to be certified as a CarbonNeutral® Enterprise. Datonics has invested in verified carbon removal, avoidance and reduction projects with Climate Impact Partners and followed the CarbonNeutral® Protocol. To further its commitment to sustainability, Datonics is also a member of The Climate Registry, a global non-profit organization that provides public and private companies with a publicly accessible registry of Greenhouse Gases (GHG) data. Datonics is also a supporter of the US chapter of Ad Net Zero, an organization devoted to helping companies reduce the carbon emissions from advertising operations.
“The local CTV market presents a lot of opportunity to advertisers – both local and national. By extending the availability of our data through Madhive’s platform, we are partnering with a leader in local CTV and helping businesses to reach customers through this growing channel. Our focus on sustainability provides an added benefit of reducing the overall carbon footprint of advertising initiatives,” said Michael Benedek, CEO, Datonics. “Through our expanded partnership, we hope that advertisers are able to experience better results with their campaigns by reaching precisely those audiences that are right for their products and services.”
About Datonics:
Datonics is an Audience Data company that has aggregated and curated the most accurate, robust and comprehensive data set comprising online, offline, and mobile activity. Agencies and their client brands use the Datonics Audience Targeting Segments & Audience Insights (TM) / CRM Enrichment suite to understand, engage with, acquire and retain their target customers – planning, activating, and targeting media campaigns across programmatic display, mobile, streaming audio, CTV and DOOH. Datonics is a member and former board member of the Network Advertising Initiative (NAI), a member of the Association of National Advertisers (ANA) and the Leadership Council of the Ad Council. Datonics is a sustainability leader, member of Ad Net Zero, and recognized as the first certified CarbonNeutral® Audience Data company.
About Madhive
Madhive is the only unified operating system built to empower local media companies to scale their advertising businesses and extend their reach to new audiences. Madhive’s customizable end-to-end platform supports the entire campaign lifecycle from proposal generation and planning to omnichannel buying, real-time optimization, and measurement. With robust workflow software that integrates seamlessly into existing systems, Madhive equips sellers with powerful tools to drive revenue. Trusted by leading local media enterprises like Fox, Scripps, and Hearst, as well as agencies such as Lifebrands, Madhive powers over 30,000 campaigns for small and medium-sized businesses every day. To learn more, visit Madhive.com.
Media Contact
Gina Preoteasa, Datonics, 1 (646) 867-0647, Gina@gbp.news, www.Datonics.com
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SOURCE Datonics
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Manulife Investment Management Announces Formation of Lakefront Fiber to Serve Hyperscale, Carrier and Municipal Customers
Published
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May 19, 2025By

BOSTON, May 19, 2025 Manulife Investment Management, through certain affiliates, (“collectively, Manulife IM”) today announced the formation of Lakefront Fiber, LLC (“Lakefront Fiber”), a joint venture with Midwest Fiber Networks (“MWFN”).
“We are pleased to partner with MWFN, with whom we have had a long-standing relationship, to support the build-out of Lakefront Fiber’s extensive pipeline,” said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management.
Lakefront Fiber will facilitate connectivity for hyperscale, carrier and municipal customers, building upon the long-standing relationships established by MWFN’s multi-decade position as a leading regional fiber developer and operator.
“This partnership represents the extension of our digital infrastructure strategy into critical fiber assets supported by long-term contracts with creditworthy counterparties,” said Eddie Dunn, Managing Director, Infrastructure, Manulife Investment Management.
Nik Ivancevic, Managing Partner of Midwest Fiber Networks, said “Our relationship with the Manulife IM team extends many years, and we are excited to expand MWFN’s scale to better serve our customers through Lakefront Fiber.”
Concurrently, Lakefront Fiber has also announced the closing of its first transaction, the acquisition of select network assets in the state of Illinois from Everstream. This strategic acquisition adds nearly 650 route miles, supporting Lakefront Fiber’s ability to deliver high-capacity fiber connectivity and customer-focused solutions across key markets in the Midwest.
About Manulife Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
About Midwest Fiber Networks
Midwest Fiber Networks designs and delivers secure, high-speed fiber connectivity across the Midwest with a focus on reliability, redundancy, and customer satisfaction. With deep roots in telecommunications infrastructure and decades of experience, MWFN supports mission-critical operations for businesses, educational institutions, healthcare systems, and government entities. Through strategic partnerships and a rapidly growing footprint, MWFN is building the future of fiber—one mile at a time. For more information, visit midwestfibernetworks.com.
Media Contact: Elizabeth Bartlett, Elizabeth_Bartlett@Manulife.com
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SOURCE Manulife Investment Management
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Workday Unveils Next Generation of Illuminate Agents to Transform HR and Finance Operations
Published
18 minutes agoon
May 19, 2025By

New AI Agents Help Speed Hiring, Improve Frontline Worker Experiences, Streamline Complex Financial Processes, and Empower Employees to Find Information Fast
PLEASANTON, Calif., May 19, 2025 /PRNewswire/ — Workday, Inc. (NASDAQ: WDAY), the AI platform for managing people, money, and agents, today announced a new wave of Illuminate Agents designed to significantly speed up the hiring processes, improve frontline worker experiences, streamline complex financial processes, and empower employees to find information quickly and easily. The new agents leverage Workday’s foundation of responsible AI and are purpose-built to supercharge employee productivity – creating a future where agentic AI fundamentally transforms how work gets done.
“The key to unlocking real business value with AI is to actively reshape the very core of how businesses operate,” said Gerrit Kazmaier, president, product and technology, Workday. “Workday is helping our 11,000+ customers in that transformation by leveraging our deep HR and finance expertise to deliver agents that provide measurable business value and empower them to thrive in the future of work.”
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New Illuminate Agents announced today include:
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Contract Intelligence Agent: Enhances legal and business decision-making by rapidly reviewing contracts to identify risks, track key dates and fees, and provide ongoing analysis.
Contract Negotiation Agent: Expedites negotiations by drafting applicable contract language, detecting risks, and recommending revisions.
Document Driven Accounting Agent: Sets a new benchmark for accounting productivity by extracting data from documents to automate billing, invoicing, and accounting entries.
Frontline Agent: Saves frontline workers and managers time by enabling text-based absence reporting, quickly identifying qualified replacements, and helping to ensure compliance and accurate shift pay.
Self-Service Agent: Powers employee and manager self-service by providing instant answers to inquiries, assisting with complex tasks, and executing everyday actions on employees’ behalf.
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Availability
Contract Intelligence Agent and Contract Negotiation Agent are now generally available. Self-Service Agent will be generally available by the end of 2025. Contingent Sourcing Agent, Document Driven Accounting Agent, Frontline Agent, and Supplier Contracts Agent will be available to early adopters by the end of 2025, with general availability planned for early 2026.
For More Information
Discover how Workday’s Illuminate Agents will transform entire business processes.Learn more about Workday’s previously-announced AI agents, powered by Illuminate.Explore Workday’s AI Masterclass to learn how to drive value from agentic AI.
About Workday
Workday is the AI platform for managing people, money, and agents. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 11,000 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.
© 2025 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.
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SOURCE Workday Inc.


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