4 Pages
English
Gain access to the library to view online
Learn more

Retail Market Growth Spurs Adoption of Electronic Article Surveillance Systems in Southeast Asia, Finds Frost & Sullivan

Gain access to the library to view online
Learn more
4 Pages
English

Description

Retail Market Growth Spurs Adoption of Electronic Article Surveillance Systems in Southeast Asia, Finds Frost & Sullivan PR Newswire KUALA LUMPUR, Malaysia, Jan. 2, 2013 Cost-effective solutions draw investments from price-conscious retailers KUALA LUMPUR, Malaysia, Jan. 2, 2013 /PRNewswire/ -- The electronic article surveillance (EAS) market in Southeast Asia (SEA) will grow in tandem with retail markets in its emerging countries. Since these emerging countries have a relatively low EAS installed base; the market in the region is poised for considerable growth. New analysis from Frost & Sullivan (http://www.sensors.frost.com), Analysis of the Electronic Article Surveillance Market in Southeast Asia, finds that the market earned revenues between US$30 - US$40 million in 2011 and estimates this grow at a CAGR of 16.6% till 2016. Increasing customer purchasing power and the positioning of countries such as Malaysia, Singapore, and Thailand as shopping hubs bolsters the growth of retail markets. This in turn, will increase the demand for EAS. "Retailers in SEA realize that implementing EAS systems in stores can effectively reduce shrinkage and theft, thus improving profitability," said Frost & Sullivan Research Analyst Susan Sahayan. "Theft prevention becomes crucial since retail margins are low and retailers will have to sell several of the same product type to cover the loss of one stolen item." The availability of cost-effective solutions also encourages EAS adoption.

Subjects

Informations

Published by
Reads 34
Language English

Exrait

Retail Market Growth Spurs Adoption of Electronic Article Surveillance Systems in Southeast Asia, Finds Frost & Sullivan
PR Newswire
KUALA LUMPUR, Malaysia, Jan. 2, 2013
Cost-effective solutions draw investments from price-conscious retailers
KUALA LUMPUR, Malaysia,Jan. 2, 2013/PRNewswire/ -- The electronic
article surveillance (EAS) market in Southeast Asia (SEA) will grow in
tandem with retail markets in its emerging countries. Since these emerging
countries have a relatively low EAS installed base; the market in the region is
poised for considerable growth.
New analysis from Frost & Sullivan (http://www.sensors.frost.com),Analysis of the Electronic Article Surveillance Market in Southeast Asia, finds that the market earned revenues betweenUS$30 - US$40 millionin 2011
and estimates this grow at a CAGR of 16.6% till 2016.
Increasing customer purchasing power and the positioning of countries such
as Malaysia, Singapore, and Thailand as shopping hubs bolsters the growth
of retail markets. This in turn, will increase the demand for EAS.
"Retailers in SEA realize that implementing EAS systems in stores can effectively reduce shrinkage and theft, thus improving profitability," saidFrost & Sullivan Research Analyst Susan Sahayan. "Theft prevention becomes crucial since retail margins are low and retailers will have to sell several of
the same product type to cover the loss of one stolen item."
The availability of cost-effective solutions also encourages EAS adoption.
EAS companies now offer mid-range and economy-range product lines.
Products with more functionalities that suit the requirements of different retail
applications are growing popular. The convergence of EAS systems with
video surveillance technologies is also gaining widespread retailer interest.
However, the lower costs of manned security in emerging countries such as
Vietnam, Indonesia, and the Philippines curb investments in EAS systems.
Cheap, low-quality solutions flooding the SEA market also impede growth.