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Electronic Article Surveillance (EAS) Market Trends

  • Report ID: GMI10876
  • Published Date: Aug 2024
  • Report Format: PDF

Electronic Article Surveillance Market Trends

A significant trend in the EAS industry is the integration of advanced technologies such as RFID, Artificial Intelligence (AI), and Internet of Things (IoT). RFID-enabled EAS systems offer enhanced inventory tracking and data collection capabilities, providing real-time insights into product movement and stock levels. AI and IoT integration further enhance the functionality of EAS systems by enabling predictive analytics, automated alerts, and remote monitoring. These technological advancements are making EAS systems more efficient, accurate, and versatile, thereby driving their adoption across the retail sector.

 

The shift toward wireless and cloud-based EAS solutions is another notable trend. Wireless EAS systems eliminate the need for extensive cabling and infrastructure, reducing installation and maintenance costs. They also offer greater flexibility and scalability, allowing retailers to easily expand or modify their security systems as needed. Cloud-based EAS solutions provide centralized management and real-time monitoring capabilities, enabling retailers to manage multiple store locations from a single platform. This trend toward wireless and cloud-based solutions are enhancing the operational efficiency and effectiveness of EAS systems, making them more appealing to retailers.
 

Retailers are increasingly focusing on enhancing the customer experience while implementing EAS systems. Modern EAS tags and sensors are designed to be discreet and less intrusive, minimizing any impact on the shopping experience. Additionally, advancements in sensor technology have reduced the occurrence of false alarms, ensuring that legitimate customers are not inconvenienced. Retailers are also exploring ways to integrate EAS systems with other in-store technologies, such as digital displays and customer analytics, to create a seamless and engaging shopping environment. This focus on enhancing customer experience is driving the adoption of advanced EAS systems and contributing to market growth.
 

Overall, the market is evolving with the integration of advanced technologies, the adoption of wireless and cloud-based solutions, and a focus on enhancing customer experience. These trends are shaping the future of the market, offering new opportunities for innovation and growth.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of electronic article surveillance reached USD 1.3 billion in 2023 and is set to grow at over 4% between 2024 and 2032, led by the rising incidence of retail theft.

The tags segment will register a revenue of over USD 1 billion in 2032, as tags are fundamental components, serving as the primary means of protecting merchandise from theft.

North America market accounted for a share of over 35% in 2023 and will grow rapidly through 2032, characterized by a high level of technological adoption and innovation.

Checkpoint Systems Inc, Johnson Controls, Nedap N.V, Gunnebo Gateway, ALL-Tag Corporation, TAKACHIHO KOHEKI CO., LTD, Hangzhou Century Co.,Ltd. among others.

Electronic Article Surveillance Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 218
  • Countries covered: 22
  • Pages: 210
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