Shrinkage is loss of inventory in a retail outlet due to shoplifting, employee theft or administrative errors. It remains a serious concern for retail outlets. To cope with the loss of inventory, retail outlets install electronic article surveillance (EAS) systems is installed by them. An EAS consists of three major components: Electronic antenna, deactivator or detacher and electronic tag. There are four types of EAS systems: Magnetic systems, Acousto-magnetic systems, radio frequency systems, and microwave systems. Technavio's analysts forecast the global EAS systems market to grow at a CAGR of 2.01% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global EAS systems market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of EAS systems (EAS tags and devices) in the retail sector in 2014.
Technavio's report, the Global EAS systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors.
Other Prominent Vendors All Tag Security Americas Ketec Nedap Sentry Technology
Key Market Driver Theft Prevention For a full, detailed list, view our report
Key Market Challenge Countermeasures by Thieves For a full, detailed list, view our report
Key Market Trend Source Tagging For a full, detailed list, view our report
Key Questions Answered in this Report What will the market size be in 2019 and what will the growth rate be What are the key market trends What is driving this market What are the challenges to market growth Who are the key vendors in this market space What are the market opportunities and threats faced by the key vendors What are the strengths and weaknesses of the key vendors
Technavio Announces the Publication of its Research Report Global EAS Market 2015-2019
Technavio recognizes the following companies as the key players in the Global EAS Market: Checkpoint Solutions and Tyco Retail Solutions
Other Prominent Vendors in the market are: All Tag Security Americas, Ketec, Nedap and Sentry Technology
Commenting on the report, an analyst from Technavios team said: one of the major trends with regard to EAS systems is the incorporation of source tagging at manufacturing unit or assembly unit facilities. In source tagging, products like wearables are attached with tags at the time of manufacturing, thus limiting the need to manually attach tags to the products. Therefore, apart from saving time, retailers also save money because they need less manpower.
According to the report, theft prevention is a major driver of the global EAS market. In 2014, a $129 billion shrinkage was reported globally, which was worth 1.30% of the global sales. Most of the retail loss was caused by shoplifters or employee theft. To prevent this loss, EAS systems are installed in retail outlets.
Further, the report states that one of the major challenges is the increasing popularity of e-commerce, which is negatively affecting the business of hypermarkets and supermarkets. EAS systems are deployed in such large markets; the effect of e-commerce on the business of these markets will hinder the adoption of EAS systems.
Checkpoint Solutions, Tyco Retail Solutions, All Tag Security Americas, Ketec, Nedap, Sentry Technology