DUBLIN--(BUSINESS WIRE)--The "Global Retail RFID Security Tags Market 2017-2021" report has been added to Research and Markets' offering.
The analysts forecast the global retail RFID security tags market to grow at a CAGR of 38.26% during the period 2017-2021.
The report, Global Retail RFID Security Tags Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing omnichannel retailing. Omnichannel retailing is a new trend that is focused on providing a seamless shopping experience for customers of both traditional and digital shopping platforms. Omnichannel shoppers spend anywhere between 30% and 60% more than single-channel shoppers.
According to the report, one driver in the market is shrinking of the supply chain. Loss of physical inventory from employees, customer theft, and bad inventory information leads to shrink (loss of inventory) in the retail industry. These losses can be prevented by using RFID tags that hold a unique number, which is imposed on the products. When these products cross checkouts or store exits without getting billed, alarms in the store alert employees, thereby reducing the possibilities of shoplifting. In case of a unnoticeable employee theft, retailers can restock or reorder stolen items to prevent out-of-stock conditions. They can explore the data to identify trends and change their theft prevention processes to prevent or mitigate future incidents.
- Alien Technology
- Avery Dennison
- SML Group
Other prominent vendors
- Honeywell International
- Invengo Technology
- Tyco Retail Solutions
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Frequency
Part 07: Market Segmentation By Product
Part 08: Regional Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Competitor Landscape
Part 13: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/54mjjl/global_retail