Press release
Electronic Article Surveillance System Market Latest Trends, Demands and Advancements 2022- Checkpoint Systems, Tyco Retail Solutions, Nedap, Hangzhou Century, Gunnebo Gateway
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Electronic Article Surveillance System market, forecast for 2022-2028, covering all aspects of the market and providing up-to-date data on current trends.The Electronic Article Surveillance System Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global Electronic Article Surveillance System Market with its specific geographical regions.
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Electronic Article Surveillance System Market was valued at USD 974.7 million in 2020 and is expected to reach USD 1,190.9 million by 2026, registering a CAGR of 3.60%, over the forecasted period.
Top leading Companies Profiled in Electronic Article Surveillance System Market Report are Checkpoint Systems, Tyco Retail Solutions, Nedap, Hangzhou Century, Gunnebo Gateway, Sentry Technology, Ketec, All Tag, Universal Surveillance Systems
News and Updates
May 2021 - Johnson Controls announced partnership with VSBLTY Groupe Technologies Corp. to further advance Sensormatic Solutions, its leading global retail solutions portfolio, to offer retailers the ability to increase consumer engagement at the point-of-purchase and discover demographic insights driving those purchase decisions.
October 2020 - Agon Systems introduced two new Concept Tag sizes, 40 mm and 45 mm. The 40 mm RF “no ink” Concept Tag has all the usual Concept Tag benefits and is clearly visible as a deterrent to attempted theft and well suited to high-end, higher-value retail.
Market Overview
The protection against inventory losses, shoplifting, and theft are the major reasons for the adoption of EAS products, thus driving the market. For instance, according to the NRF (National Retail Federation), organized retail crime (ORC) costs the retail industry around USD 30 billion every year. Also, according to the National Retail Security Survey (NRRS), a major cause of shrinkage for the retail business is shoplifting. All these instances have forced the retailers to implement a solution that can prevent theft, thereby driving the demand for EAS.
Moreover, the number of shoplifting offenses in England and Wales in 2019-2020 accounted for 359.24 thousand, according to the Office for National Statistics (UK). Owing to the increasing shoplifting cases across the globe, the application of EAS reduces the need for extensive surveillance in every area, which saves a large amount of investment, along with providing maximum safety and security of the products.
Electronic article surveillance (EAS) market provides components, such as Tags, Antennas. Through the technological procedure, it prevents shoplifting from retail stores, such as clothing & fashion accessories, supermarkets, etc.
The scope of the report covers components such as Tags, Antennas, deactivators/detachers and end-users catering to clothing & fashion accessories, cosmetics/pharmacy, supermarkets, and mass merchandise stores, and also covers the major geographical regions.
SPECIAL OFFER (Avail an Up-to 25% discount on this report, please fill the form and mention the code: MIR30 in the comments section)
Market Research Study Focus on these Types:
Hard Tag
Soft Tag
Detacher
Detection system
Market Research Study Focus on these Applications:
Clothing & Fashion Accessories
Cosmetics & Pharmacy
Supermarkets & Large Grocery
Others
Global Electronic Article Surveillance System Market: Regional Segment-
─North America (US, Canada)
─Europe (Germany, UK, France, Rest of Europe)
─Asia Pacific (China, Japan, India, Rest of Asia Pacific)
─Latin America (Brazil, Mexico)
─Middle East and Africa
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Key Takeaways from Electronic Article Surveillance System Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Electronic Article Surveillance System market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Electronic Article Surveillance System market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Electronic Article Surveillance System
Electronic Article Surveillance System Market Scenario:
This research report represents a detailed research overview of the competitive landscape of the Electronic Article Surveillance System Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the Electronic Article Surveillance System Market in a detailed manner for better insights into the businesses.
The report evaluates the growth rate and the Market value based on Market dynamics, growth-inducing factors. The complete knowledge is based on the latest industry news, threats, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
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Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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