|By PR Newswire||
|March 28, 2014 07:20 AM EDT||
DUBLIN, March 28, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/rc3bn7/global_retail) has announced the addition of the "Global Retail Security Market 2014-2018" report to their offering.
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.
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.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Market Segmentation by Type
8. Geographical Segmentation
9. 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
17. Key Vendor Analysis
18. Other Reports in this Series
- 3i-MIND Inc.
- 3xLOGIC Inc..
- ACTi Corp.
- ALL-TAG Security Americas
- Arecont Vision LLC
- Avigilon Corp.
- Axis Communication AB
- Checkpoint Systems
- Cisco Systems
- Exacq Technologies
- Genetec Inc.
- H3C Technologies
- Honeywell International
- Ketec Inc.
- March Networks Corp.
- Milestone Systems
- Mobotix AG
- NICE Systems Inc.
- Samsung Techwin
- Schneider Electric
- Sentry technology
- Sony Electronics
- Tyco International
For more information visit http://www.researchandmarkets.com/research/rc3bn7/global_retail
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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