01.19.15
Reportsnreports.com has assessed the growth in the smart label industry with its latest report. The markets are classified by type, tracking application, industry and geography.
Market research indicates that smart technology is growing at 15% CAGR, and the analysis examines and forecasts the industry from 2014-2020. The report provides an in depth analysis of the various developments going on in this market, along with the key market trends. Smart labels have been segemented segmented based on the different types, such as Electronic Article Surveillance (EAS) labels, Radio Frequency Identification (RFID) labels, Sensing labels, and Electronic Shelf Labels (ESL).
The growth of smart labels is due to its simultaneously identifying ability, reprogrammable and reliable to use and real time tracking ability. One of the major reasons for the high demand of the labels is the increasing security concern worldwide, which requires anti-theft devices. Smart labels are capable of fulfilling this requirement by providing a system that can provide protection against theft and counterfeiting.
While the major markets for smart labels reside in the American and European countries, Japan and China are following the market with increased growth rates.
Market research indicates that smart technology is growing at 15% CAGR, and the analysis examines and forecasts the industry from 2014-2020. The report provides an in depth analysis of the various developments going on in this market, along with the key market trends. Smart labels have been segemented segmented based on the different types, such as Electronic Article Surveillance (EAS) labels, Radio Frequency Identification (RFID) labels, Sensing labels, and Electronic Shelf Labels (ESL).
The growth of smart labels is due to its simultaneously identifying ability, reprogrammable and reliable to use and real time tracking ability. One of the major reasons for the high demand of the labels is the increasing security concern worldwide, which requires anti-theft devices. Smart labels are capable of fulfilling this requirement by providing a system that can provide protection against theft and counterfeiting.
While the major markets for smart labels reside in the American and European countries, Japan and China are following the market with increased growth rates.