Electronic Article Surveillance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Electronic Article Surveillance Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : April, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Electronic Article Surveillance Market: Overview

The global electronic article surveillance market is projected to expand at an impressive pace, thanks to the blooming retail industry.

The electronic article surveillance is actively used by retail businesses owing to its ability to prevent retail theft. These devices consist of an electronically-detectable tag that is attached to item of clothing or merchandise. In case, the device is not removed from the cloths it triggers alarms.

TMR Research has announced to add a report on the electronic article surveillance market to its vast repository. The report is expected to offer an in depth analysis of the industry with all important segments. Along with this, the report will help users with several vital data that will help indicating growth and latest trend in the electronic article surveillance market during the forecast period.  

Electronic Article Surveillance Market: Notable Developments

Some of the recent development in the electronic article surveillance market are-

Players in the electronic article surveillance market are offering customized anti-theft tags for different types of items. For instance, different type of anti-theft tags for foods, hanging items, cloths. This will help retailers secure different types of items avaible in the store.  This is expected to offer favorable gains to the players.

Some of the most prominent competitors operating in the competitive landscape of electronic article surveillance market include –

  • Checkpoint Systems
  • Johnson Controls
  • ALL-TAG Corporation
  • Amersec
  • TAG Company
  • Ketec
  • WG Security Products
  • Softdel
  • Shenzhen Emeno Technology

These players are adopting organic growth strategies such as mergers and accusations and market collaboration in order to stay ahead in the electronic article surveillance market in the coming few years.

Electronic Article Surveillance Market: Key Trends

The global electronic article surveillance market is expected to rise at a healthy pace from 2018 to 2028.  This is mainly due to the booming retail sector. Increase in spending power, rise is global population and increase in number of retail step up are some of the prominent factors expected to drive the global electronic article surveillance market. In addition to this, surge in urbanization and industrialization are some other factors expected to offer a substantial response on the growth of the electronic article surveillance market. This is because urbanization and industrialization has a direct impact on the growth in number of retail growth.

However, despite several opportunities and drivers, growth in the electronic article surveillance market is hampered due to shifting consumer preference towards the ecommerce industry. Trade in ecommerce market is executed from online medium and hence does not need retail store.

Nevertheless, increase in construction of shopping malls coupled with rise in number of mega marts are expected to overcome the mentioned restraint factor and offer a significant boost to the global electronic article surveillance market during the forecast period.

Electronic Article Surveillance Market: Regional Outlook

On the basis of geography, the electronic article surveillance market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.  Among all these regions, Asia Pacific is expected to hold maximum share in the electronic article surveillance market. This is mainly due to the rise in commercial restate construction along with unprecedented increase in urbanization and industrialization in the region.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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