The Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market is expected to grow from USD 1,847.1 Million in 2020 to USD 2,293.8 Million by 2028, at a CAGR of 2.80% during the forecast period. Growth in the number of theft or shoplifting incidents reported at retail stores of merchandise books, increasing profits in the retail markets, growing need for better merchandise management, logistics control, and customer experience, which increases the profit margin, and the operational processes in the retail stores, emergence of walk-in shopping complexes in place of traditional stores and need for better security systems across various industries and applications against thefts are some of the driving factors of the market.
High initial investments and low-cost substitutes of EAS systems available in the market may restrain the growth of the Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market.
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Top Profiled Companies in the Global Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market Report:
Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market are Sentry Technology Corp, Checkpoint Systems Inc., Tyco Retail Solutions, Tekno Electro Solutions, Ketec Inc., ALL-TAG Security Americas Inc., Hangzhou Century Co., Ltd, Nedap N.V., Universal Surveillance Systems and Tag Co.
key trend of Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market:
- Adoption of RFID Technology: The use of Radio Frequency Identification (RFID) technology in EAS systems is gaining popularity due to its accuracy, efficiency, and ability to provide real-time inventory management.
- Integration of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being integrated into EAS systems to enhance their performance, improve accuracy, and enable better data analysis for effective decision-making.
- Cloud-based EAS Systems: Cloud-based EAS systems are gaining popularity as they offer a cost-effective and scalable solution for retailers, with the added benefits of real-time monitoring, remote access, and easy maintenance.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
By Type (Revenue, USD Million; 2018-2028)
- Magneto-Harmonic
- Acousto-Magnetic
- Radio Frequency
- Microwave
By Applications (Revenue, USD Million; 2018-2028)
- Supermarkets
- Apparel Stores
- Cosmetics/Pharmacy
- Fashion Accessories Stores
By Components (Revenue, USD Million; 2018-2028)
- Electronic Antenna
- Deactivator/Detacher
- Electronic Tag
Key Takeaways of the Global Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market Report:
- A comprehensive overview of the global Electronic Article Surveillance (EAS) Systems industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market.
- Elaborate study of the leading regional markets in the global Electronic Article Surveillance (EAS) Systems for Magneto-Harmonic Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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