Smart labelling is the future of retail technology. The expected market growth is to go from £9.2 billion (2025) to £26 billion (2035) over ten years. Are you going to be involved with the huge transformation of the Smart Retail Tech Industry? 

The main sectors pushing this growth are traceability, authenticity, transparency, and automation. Using RFID labels, electronic shelf labels, sensors, and NFC usage. With RFID labels anticipated to reach 52% market share, becoming the biggest growth indicator.

 

• RFID Labels - (Radio Frequency Identification) Used to wirelessly track products without the need for physical contact or line-of-sight.

• NFC - (Near Field Communication) Used for contactless payments and interactive marketing.

• ESL - (Electronic Shelf Labels) Used to display live prices that don’t need to be changed in person.

• IoT Sensors - (Internet of Things) are internet-connected devices tracking real-time action.

 

The main area of application is for e-commerce with a focus on the end-user. Allowing clearer information about the product itself, where it is in the delivery process, and where it has come from. This comes alongside the move to direct-to-customer deliveries that have been made easier with the wider availability of tracking solutions. 

 

The future of the technology is heading towards cloud-connected labels and mini RFID labels, making blockchain-based authentication more accurate. The direction of data collection and transparency for the customer helps with authenticity and trustworthiness, building a stronger connection with customers.

 

For in-store solutions, the use of electronic shelf labels and IoT sensors has taken off, combined with the use of cloud connectivity. Both are used to collect live data on the sale of products. When, where, and who is buying each product are the main focuses. This helps with live price updates and targeted advertisements to audience members.

 

Overall, the push over the next few years is toward data collection, which is also then shared with customers to build an engaged and trusting relationship. 

 

With such high expectations for this industry, how can you get involved early to make the most of this inbound technology boom?

 

If you provide any services from these growing industries, then Smart Retail Tech Expo will connect you with an audience looking for companies offering cloud-based solutions to scanners and RFID labels. With over 3,000 decision makers looking to push their business to the next level, it is the place to be for all companies at the cutting edge of the smart retail technology industry. 

 

Click here to find out more about exhibiting at Smart Retail Tech Expo.