About Automated Shelf Monitoring
Providing alerts for missing products on a shelf warehouse management and Maintenance of well-organized brands these are some of the main functions of Automated Shelf Monitoring. This shelf Monitoring system has an AI based cameras and sensors. These AI based Cameras and Sensors helps retail industry to mix with the existing system of shelf monitoring. Automated retail shelf monitoring helps in the whole process of analyzing images of product shelves in all retail shops efficiently and effectively. This Automated Shelf Monitoring system provide minute details of products on shelves including height, area, counts, price, weight, color, misplaced area, and many more. Automated shelf monitoring has transformed these traditional shelves by generating meaningful insights with the implementation of image processing through AI. Retailers can receive real-time inventory status to minimize these stock-outs of in-demand products from consumers as well as loss of sales data. Automated shelf monitoring is a combination of automation, sensors, digital displays, and RFID tags to understand customer preferences, behavioral patterns, and many more.
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The market for Automated Shelf Monitoring is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as Service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Automated Shelf Monitoring market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Racksmart (United States), Shelfwise (Poland), Karna Ai (United States), Estoremedia (Poland), Eta Compute (United States), Captana (Belgium), Trax (Singapore), Skuwity (Canada), Estoremedia (Poland) and Pos Tuning (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sitelucents (Netherlands), Pensa (Netherlands), Awm Smart Shelf (United States), Vispera (Turkey) and Ses-Imagotag (France).
AMA Research has segmented the market of Global Automated Shelf Monitoring market by Type (Without Image Recognition and With Image Recognition), Application (Malls, Supermarkets, Pharmacy and Others) and Region.
On the basis of geography, the market of Automated Shelf Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service , the sub-segment i.e. In-store shelf monitoring will boost the Automated Shelf Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Android will boost the Automated Shelf Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 19 July2021, FORM, The Top Field Execution Platform For Enterprise Teams, Announced Today That It Acquired Shelfwise, The Leading Image Recognition Platform That Recognizes Products And Prices On Retail Shelves With AI To Give Brands More Accurate Store Data In Near Real-Time. Together, FORM And Shelfwise Will Create the World's Top Integrated Task Management and Image Recognition Platform to Make In-Store Data Collection Faster, Simpler, And More Reliable. Shelfwise Provides a Real-Time View of Critical In-Store Conditions Using Computer Vision That Tracks Product Availability and Placement. With Shelfwise, FORM's Image Recognition Capabilities Now Enable Retail Audits on More Display Types Than Any Other Technology on The Market—From Shelves, Displays, And Cold Boxes, To Drink Coolers and Menus—To Give Consumer Goods Brands, Brokers, Distributors, And Retailers Full Store Visibility On Product Position, Price, Placement, Assortment, And Competitor Activity.
On 13 October 2020, Trax, A Leading Global Provider Of Computer Vision Solutions And Analytics For Retail, Has Officially Launched Retail Watch In The Americas. Retail Watch, A Computer Vision-Powered Store Monitoring and Intelligence Solution, Helps Grocery Retailers Automate In-Store Data Collection and Optimize Operations. This Solution Raises On-Shelf Availability and Staff Productivity Resulting in Incremental Uplifts In Revenue, As Well As Provides Timely, Accurate Data For Better Supply Chain Replenishment, Forecasting And Picking For Online Orders.
- Retailers Focused on Unnecessary Food Wastage with Automated Smart Monitoring Shelves
- Retailers’ Perception to Improvise Profit and Sales By Installing Automated Shelf Monitoring
- Automated Product Placing Avoiding Manual Help Requirement
- Innovation In IOT Sensors
- Innovation Of Fifth Generation Technology Systems (5G Technology)
- High-Cost Associate With Repair And Maintenance
- Product Disarrangement Cost Money for Business
- Giving Misinformation About Products Available in Shelves
- High Price Installation Perspective of Retailers
Key Target AudienceAutomated Shelf Monitoring Developer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.