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having easy access to inventory store often steal retail goods. This segment reported for the highest retail shrinkage currently. Thereby, it is necessary to install EAS systems in these retail outlets. The cosmetics and pharmaceutical stores are more vulnerable to retail shrinkage as shoplifters focus on small and easily concealable items. These products include face creams and perfumes as well as pharmaceutical products such as fever, cold and cough and antibiotics medicine. Supermarkets and large grocery stores install EAS for managing their inventories and preventing thefts of all kind of products.
Europe, North America and APAC dominated the market recently on account of increasing cosmetic and pharmaceutical retail stores as well as supermarkets and large grocery store. According to annual Global Retail Theft Barometer, UK and Europe retailers lost a huge amount to shoplifting in 2014, with wine, accessories, lingerie, razor blades and fresh meat. Increasing installation of EAS system in UK and Europe is expected to drive the market over the forecast period.
Key players in this industry are Checkpoint Systems Inc., Tekno Electro Solutions, Tyco Retail Solutions, ALL-TAG Security Americas Inc., Ketec Inc., Nedap N. V., Sentry Technology Corp. and Tag Co. Leading players are expanding their product line in order to retain their market shares.
In June 2016, ALL-TAG Security Americas Inc. announced the release of RFID-Ink that allows retailers to combine RFID and EAS into a single tag that will result in double measure of protection for the product.
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