Electronic Article Surveillance Market: Growth Trajectory to 2032
Shoplifting. A bane for retailers across the globe, leading to significant inventory losses and impacting profitability. This is where electronic article surveillance market (EAS) steps in. The EAS market, valued at USD 981 million in 2019, is projected to reach USD 1,173 million by 2024, reflecting a steady growth of 3.6% CAGR. Let's delve deeper into this market and understand the factors driving its expansion. Guardians Against Theft: EAS systems act as a silent deterrent against shoplifting. These systems consist of tags attached to merchandise and antennas placed at store exits. When a tagged item passes through the antenna without being deactivated at checkout, an alarm is triggered, alerting security personnel. This not only helps apprehend shoplifters but also deters potential theft attempts in the first place. Modernization of Retail: The growth of the EAS market is intricately linked to the modernization of the retail sector. Traditional brick-and-mortar stores are inc