Industry Background:
Increase in number theft occurrences of merchandise & books at retail stores will help to boost global electronic article surveillance market. Electronic Article Surveillance (EAS) systems are used to stop shoplifting activities in retail outlets. It is one of those techniques to control anti-theft cases in shopping malls, retail stores, and supermarkets. These tags, as well as labels, are fixed on to merchandise at many stores, which gets deactivated by clerks when the items are properly bought or checked out.
According to AMA, the market for Electronic Article Surveillance is expected to register a CAGR of 3.6% during the forecast period to 2026. This growth is primarily driven by Security against Inventory Losses, Shoplifting, and Theft and Modernizing Retail Sector.
Globally, a noticeable market trend is evident Rise in demand of EAS systems in healthcare to cure various injuries
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Checkpoint Systems (Canada), Amersec (Czech Republic), TAG Company (United Kingdom), Ketec (United States), Johnson Controls (Ireland), Agon Systems (United Kingdom), ALL-TAG Corporation (United States), WG Security Products (United States), Softdel (United States) and Shenzhen Emeno Technology (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 5th July 2018, the Spanish fashion retailer Scalpers selected Nedap as a technology partner for rolling out RFID-based solutions to its 150 stores. Nedap will provide Cloud software platform, RFID hardware, and EAS to enable the complete traceability of Scalpers’ inventory and raise the retailer’s stock accuracy.
On 5th June 2018, ALL-TAG launched Q-Tag, an EAS and RFID solution that ensures high security, versatility, efficiency, and safety of apparels and soft goods.
Market Drivers
- Security against Inventory Losses, Shoplifting, and Theft
- Modernizing Retail Sector
Market Trend
- Rise in demand of EAS systems in healthcare to cure various injuries
- Growing Inclination toward Digital Operations
Restraints
- Additional Investment Required to Implement EAS Systems
- High Adoption Rate of RFID Technology in Retail Sector
Opportunities
Integration of RFID with EAS system and High Growth Potential in Emerging Economies
Challenges
Reluctance of Retailers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electronic Article Surveillance Study Sheds Light on
The Electronic Article Surveillance Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Electronic Article Surveillance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electronic Article Surveillance industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.