- Language: English
- 61 Pages
- Published: April 2014
- Region: United States
Global Retail Security Market 2014-2018
- Published: November 2013
- Region: Global
- 54 pages
The analysts forecast the Global Retail Security market to grow at a CAGR of 28.12 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing focus to reduce retail shrinkage. The Global Retail Security market has also been witnessing the increasing focus on reducing the man power by the retailers. However, the high cost of ownership of retail security systems could pose a challenge to the growth of this market.
The report, the Global Retail Security Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Retail Security market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Axis Communication AB, Checkpoint Systems Inc., Honeywell International Inc., and Tyco International Ltd.
Other vendors mentioned in the report are ACTi Corp., Avigilon Corp., ALL-TAG Security Americas Inc., Arecont Vision LLC, Cisco Systems Inc., Exacq Technologies Inc., H3C Technologies Co. Ltd, Genetec Inc., Ketec Inc., March Networks Corp., MACROSCOP, Milestone Systems A/S, Mobotix AG, Nedap, NICE Systems Inc., Samsung Techwin Co. Ltd., Schneider Electric S.A., Sentry technology Corp., Sony Electronics Inc., 3i-MIND Inc., 3xLOGIC Inc..
Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
06.1 Market Overview
06.1.1 Access Control System
06.1.2 EAS System
06.1.3 Intelligent Video Surveillance
06.1.4 Intrusion Prevention System
06.2 Retail Industry
06.3 Need for Retail Security Systems
06.4 Market Size and Forecast by Value
06.5 Five Forces Analysis
07. Market Segmentation by Type
07.1 Global Retail Security Market Segmentation by Type 2012-2016
08. Geographical Segmentation
08.1 Global Retail Security Market by Geographical Segmentation 2012-2016
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
16.1 Competitive Scenario
16.2 Key Vendors 2013
16.3 Other Prominent Vendors
17. Key Vendor Analysis
17.1 Axis Communication AB
17.1.1 Business Overview
17.1.2 Business Segmentation
17.1.3 Key Information
17.1.4 SWOT Analysis
17.2 Checkpoint Systems Inc.
17.2.1 Business Overview
17.2.2 Business Segmentation
17.2.3 Key Information
17.2.4 SWOT Analysis
17.3 Honeywell International Inc.
17.3.1 Business Overview
17.3.2 Business Segmentation
17.3.3 Key Information
17.3.4 SWOT Analysis
17.4 Tyco International Ltd.
17.4.1 Business Overview
17.4.2 Business Segmentation
17.4.3 Key Information
17.4.4 SWOT Analysis
18. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Retail Industry 2013
Exhibit 3: Global Retail Security Market 2012-2016 (US$ billion)
Exhibit 4: Global Retail Security Market Segmentation by Type 2012-2016
Exhibit 5: Global Retail Security Market by Geographical Segmentation 2012-2016
Exhibit 6: Axis Communications AB Business Segmentation 2013
Exhibit 7: Checkpoint System Inc. Business Segmentation 2013
Exhibit 8: Honeywell International Inc. Business Segmentation 2013
Exhibit 9: Tyco International Ltd. Business Segmentation 2013
Commenting on the report, an analyst from the team said: “Since retailers strive to increase their profitability and rely on employees to engage customers and push conversions, they find it difficult to deploy employees for task and shopper-centric activities, as a result of which the efficacy of the employees is divided. Inventory error and employee mismanagement becomes unavoidable, especially because of the high hourly wages and rapid turnover rate at retail stores. In order to allow retail employees to focus on selling and not on such tasks, retailers are forced to implement security systems that streamline employees' responsibilities. Thus, the increasing focus of retailers on reducing manpower at retail stores and implementing security systems to reduce shrinkage increases the growth prospects of the market.”
According to the report, one of the main drivers in this market is the increasing focus of retailers toward preventing loss due to retail shrinkage. Retail shrinkage is one of the key factors affecting the profitability of retailers. As a result, retail shrinkage has become one of the burning issues that retailers have to deal with. Thus, to overcome such problems, the adoption of retail security systems has increased in the past few years as these systems help monitor and prevent activities such as theft and pilferage of goods taking place in the store. This is one of the primary factors contributing to the growth of the market.
Further, the report states that one of the key challenges in this market is the high cost of ownership required for the implementation and installation of retail security systems in stores. In order to install retail security systems, retailers have to make high initial investments. This is one of the major challenges for retailers as their low profit margins are very low. In addition, the high cost of retail security systems restricts some of the small scale retailers from procuring such systems. Thus, the high cost is a major barrier hindering the growth of the Global Retail Security market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Axis Communication AB
- Checkpoint Systems Inc.
- Honeywell International Inc.
- and Tyco International Ltd.
- ACTi Corp.
- Avigilon Corp.
- ALL-TAG Security Americas Inc.
- Arecont Vision LLC
- Cisco Systems Inc.
- Exacq Technologies Inc.
- H3C Technologies Co. Ltd
- Genetec Inc.
- Ketec Inc.
- March Networks Corp.
- Milestone Systems A/S
- Mobotix AG
- NICE Systems Inc.
- Samsung Techwin Co. Ltd.
- Schneider Electric S.A.
- Sentry technology Corp.
- Sony Electronics Inc.
- 3i-MIND Inc.
- 3xLOGIC Inc..