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Alternative to multiple shift registers?

Hi all, I'm new to this forum and fairly new to electronics. I have been doing a few projects using the Arduino and my latest project uses 4 shift registers to control several 7-segment led displays, which is now working as I wanted.

However, I was wondering if there is a better, by which I mean smaller or less components, way of controller these 7-segment displays instead of the 4 shift registers (which are linked together).

I would be grateful for any thoughts.

Regards,
Chris
 
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