EAS Market – Overview:
Electronic cash register refers to a device used for scanning packages in order to read the symbols imprinted on the labels and hence can be registered and converted to readable form. It serves as a long term approach to deploy mobility. It serves as a device used to scan and keep records of sales and inventories.
Technology giants such as Toshiba Corporation, Foxconn Technologies, Casio Computer Co., Ltd., Dell, Inc. and Olivetti are some of the major players in the electronic cash register market. Toshiba Corporation is one of the leading vendors of the electronic cash register market. They own a range of Toshiba TEC electronic cash registers and offer products with quality, reliability and with low cost of ownership. The company focuses on designing electronic cash registers for small scale retail and hospitality environments. Whereas, Sharp Corporation focuses on serving with electronic registers that are used in order to reduce operating errors. Casio, Dell and Olivetti focus on manufacturing commercial electronics and also offers various services to the customers. Casio also offers electronic cash registers with LCD displays, printers, compact flash cards and different backlight color options to customers.
The global Electronic Article Surveillance System Market is expected to reach at approx. USD 2.02 billion by 2022, growing with 3 % of CAGR between 2016 and 2022.
Key Players
Some of the prominent players in the global electronic cash register market are Toshiba Corporation (Japan), Foxconn Technologies (China), Casio Computer Co., Ltd. (Japan), Dell, Inc. (U.S.), Olivetti S.p.A. (Italy), Citaq Co. Ltd. (Germany), Fujitsu Ltd. (Japan), Hewlett-Packard (U.S.), Forbes Technosys (India) and Posiflex Technology Pvt. Ltd. (Taiwan).
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Increasing demand for mobile applications and growing popularity of e-commerce and online shopping are other major factors driving the growth of the global electronic cash register market. Furthermore, increasing awareness regarding tracking customer transactions, recording sales and calculating bills is boosting the growth of the market.
Key Findings
The global Electronic article surveillance system Market has generated market value of USD 1,600 million in 2016 and is expected to grow with CAGR of 3.30% during forecast period 2016- 2022.
By type, Soft tag in Electronic article surveillance system Market accounts for the largest market share and is growing with approximately 4.43% CAGR during forecast period.
By application, supermarket & large grocery sub segment has dominated the market in 2016 and is expected to grow with CAGR of 4.38 % by 2022.
Geographically, China has dominated the market in Asia-Pacific region in 2016 and has generated market value of USD 407.5 million. Also, European region is expected to be the second highest growing region and is anticipated to reach at USD 423.2 million by 2022.
Regional analysis
Geographically, electronic article surveillance market has been bifurcated into of U.S, China, Europe, Japan, Korea, Taiwan and Rest of the World.
In terms of revenue, China led the market in Asia-Pacific region in the year 2017 and generated market revenue of USD 426.9 million and is expected to reach market value of USD 529.2 million by 2022.This is attributed to large number of electronic manufactures in China. Additionally, due to increased population in China and rising demand for the variety of fashionable clothes and cosmetics is expected to drive the market. However, Europe is expected to have a significant growth over the forecast period.
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.
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Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Semiconductor component firms
- Industrial Firms
- Electronics suppliers
- Embedded manufacturers
- Industrial display manufacturers
- Retail owner
- Supermarket dealers
- Pharmaceutical companies
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