TechNavio recognizes the following companies as the key players in the Global Electronic Article Surveillance Tags Market: ALL-TAG Security Americas Inc., Checkpoint Systems Inc., Ketec Inc., Sentry Technology Corp., and Tyco Retail Solutions.
Commenting on the report, an analyst from TechNavio’s team said: “Most retailers are now adopting a source tagging solution to reduce theft and fraud. In source tagging the EAS tags are applied at the manufacturing source, and recirculated from the retail store. Recirculation helps to reduce store payroll costs, improve sales, and add consistency everywhere from store operations to merchandise displays. It not only helps in reducing payroll hours at the store required to apply tags, but also increases the percentage of time spent on selling and customer service. Thus, the emerging trend for source tagging in the Retail sector not only helps in reducing theft but improves its financials.”
According to the report, the Global EAS Systems market is driven by several factors. One such driver is the robust growth in the Global Retail market. The growth in the retail market has driven the need for security solutions in retail outlets due to the increasing number of thefts such as customer and employee shoplifting.
Further, the report states that one of the major challenges in the market is the high cost of implementing EAS systems. EAS systems include EAS gates, EAS tags employing numerous technologies such as RFID, electromagnetic, acousto-magnetic, and microwave which require high upfront investment in these technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-electronic-article-surveillance-t…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Electronic Article Surveillance Tags Market 2012-2016
