Adoption of Omnichannel Retailing Fuels the Middle East & Africa Retail Security Tags Market
The rising disposable income of people, the buying power of customers is increasing rapidly, contributing to their access to various shopping channels, including physical and online shopping. Hence, retailers are adopting various strategies to reach more customers and fuel their business growth. One such strategy is omnichannel retailing.
Omnichannel strategy is a strategy that retailers and brands adopt to engage and reach more customers through multiple integrated digital and physical touchpoints, such as physical stores, e-commerce websites, social media, and apps. In the modern retail landscape, omnichannel retailing helps integrate multiple channels to provide a seamless shopping experience to customers. It helps retailers increase their profitability compared to single-channel retailing. It enhances customer engagement, improves client reach, and expands the retailer's footprint. Digitalization in retail has further augmented the adoption of omnichannel retailing. In addition, it helps retailers to gain competitive advantages over others. Retailers that use omnichannel retailing include DSW, Inc.; Urban Outfitters, Inc.; Abercrombie & Fitch; Foot Locker; Zara; Ulta Beauty, Inc.; PetSmart; Sierra; Lenskart; and Pepperfry.
Handling the products in omnichannel retailing generates the need for an advanced solution to track inventory, manage the supply chain, and reduce theft, which is anticipated to fuel the demand for security tags, driving the Middle East & Africa retail security tags market.
Middle East & Africa Retail Security Tags Market Overview
The Middle East & Africa (MEA) retail security tags market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Infrastructure development in the countries across the MEA, including commercial infrastructure, has been rising over the years. These countries are focusing extensively on tourism; hence, the commercial infrastructure plays a major role in the respective country's economy. The region witnessed high investment in commercial construction, such as supermarkets, specialty stores, and malls. These factors are increasing the demand for retail security tags, thereby contributing to the market's growth. A few of the major retail outlets recently launched in the region are mentioned below:
In May 2022, MAGRABi, a fashion eyewear brand, announced its plan to open 16 new stores in Middle Eastern countries such as Saudi Arabia, the UAE, Qatar, Egypt, and Kuwait with an investment of US$ 22.87 million. In November 2022, forever 21 opened its 14th store in the UAE as a part of its expansion strategy. In September 2022, Shoprite announced its plan to open a new store in South Africa as a part of its expansion strategy. Thus, the rise in the number of retail stores across the region is further increasing the demand for various security solutions, thereby contributing to the MEA retail security tags market growth.
Moreover, the MEA has experienced a significant increase in shoplifting cases owing to the constant rise in the cost of living over the years. The government of South Africa enforced stringent regulations against shoplifting and imposed heavy fines to reduce the number of cases. These factors are influencing the rise in demand for several advanced security solutions across all retail outlets to monitor and check such incidents with accuracy.
Middle East & Africa Retail Security Tags Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Retail Security Tags Market Segmentation
The Middle East & Africa retail security tags market is segmented based on technology, material, print type, application, and country.
Based on technology, the Middle East & Africa retail security tags market is categorized into RF & RFID, AM, and others. The RF & RFID segment held the largest share in 2022.
Based on material, the Middle East & Africa retail security tags market is categorized into paper and plastic. The plastic segment held the larger share in 2022.
By print type, the Middle East & Africa retail security tags market is categorized into printable and non-printable. The non-printable segment held the larger share in 2022.
By application, the Middle East & Africa retail security tags market is categorized into apparel & fashion accessories, cosmetics & pharmaceuticals, and others. The apparel & fashion accessories segment held the largest share in 2022.
Based on country, the Middle East & Africa retail security tags market is segmented into the South Africa Saudi Arabia, UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa retail security tags market in 2022.
Avery Dennison Corp, 3M Co, Alien Technology LLC, Brady Corp, Sensormatic Electronics Corp, Check Point Systems Inc, and HP Inc, are some of the leading companies operating in the Middle East & Africa retail security tags market.
Reasons to Buy
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- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Middle East & Africa Market Attractiveness
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Middle East & Africa Retail Security Tags Market Landscape
- 4.1 Overview
- 4.2 Middle East & Africa PEST Analysis
- 4.3 Ecosystem Analysis
- 5. Middle East & Africa Retail Security Tags Market - Key Industry Dynamics
- 5.1 Middle East & Africa Retail Security Tags Market - Key Industry Dynamics
- 5.2 Market Drivers
- 5.2.1 Increasing Retail Outlets by Global Brands
- 5.2.2 Growing Shoplifting Cases
- 5.2.3 Rising Number of Supermarkets and Hypermarkets
- 5.3 Market Restraints
- 5.3.1 High Presence of Unorganized Retail Sector
- 5.4 Market Opportunities
- 5.4.1 Increasing Construction of Commercial Complexes
- 5.4.2 Growing Digitalization Among SMEs
- 5.5 Future Trends
- 5.5.1 Adoption of Omnichannel Retailing
- 5.6 Impact of Drivers and Restraints:
- 6. Retail Security Tags Market - Middle East & Africa Market Analysis
- 6.1 Middle East & Africa Retail Security Tags Market Revenue (US$ Million), 2022 - 2030
- 6.2 Middle East & Africa Retail Security Tags Market Forecast and Analysis
- 7. Middle East & Africa Retail Security Tags Market Analysis - Technology
- 7.1 RF & RFID
- 7.1.1 Overview
- 7.1.2 RF & RFID Market, Revenue and Forecast to 2030 (US$ Million)
- 7.2 AM
- 7.2.1 Overview
- 7.2.2 AM Market, Revenue and Forecast to 2030 (US$ Million)
- 7.3 Others
- 7.3.1 Overview
- 7.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
- 8. Middle East & Africa Retail Security Tags Market Analysis - Materials
- 8.1 Paper
- 8.1.1 Overview
- 8.1.2 Paper Market, Revenue and Forecast to 2030 (US$ Million)
- 8.2 Plastic
- 8.2.1 Overview
- 8.2.2 Plastic Market, Revenue and Forecast to 2030 (US$ Million)
- 9. Middle East & Africa Retail Security Tags Market Analysis - Print Type
- 9.1 Printable
- 9.1.1 Overview
- 9.1.2 Printable Market Revenue and Forecast to 2030 (US$ Million)
- 9.2 Non-Printable
- 9.2.1 Overview
- 9.2.2 Non-Printable Market Revenue and Forecast to 2030 (US$ Million)
- 10. Middle East & Africa Retail Security Tags Market Analysis - Application
- 10.1 Apparel & Fashion Accessories
- 10.1.1 Overview
- 10.1.2 Apparel & Fashion Accessories Market, Revenue and Forecast to 2030 (US$ Million)
- 10.2 Cosmetics & Pharmaceuticals
- 10.2.1 Overview
- 10.2.2 Cosmetics & Pharmaceuticals Market, Revenue and Forecast to 2030 (US$ Million)
- 10.3 Others
- 10.3.1 Overview
- 10.3.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
- 11. Middle East & Africa Retail Security Tags Market - Country Analysis
- 11.1 Overview: MEA
- 11.1.1 MEA Retail Security Tags Market, by Key Country - Revenue (2022) (US$ Mn)
- 11.1.2 MEA Retail Security Tags Market Revenue and Forecasts and Analysis - By Country
- 11.1.2.1 MEA Retail Security Tags Market Revenue and Forecasts and Analysis - By Country
- 11.1.2.2 South Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.2.1 South Africa Retail Security Tags Market Breakdown, by Technology
- 11.1.2.2.2 South Africa Retail Security Tags Market Breakdown, by Materials
- 11.1.2.2.3 South Africa Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.2.4 South Africa Retail Security Tags Market Breakdown, by Application
- 11.1.2.3 Saudi Arabia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.3.1 Saudi Arabia Retail Security Tags Market Breakdown, by Technology
- 11.1.2.3.2 Saudi Arabia Retail Security Tags Market Breakdown, by Materials
- 11.1.2.3.3 Saudi Arabia Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.3.4 Saudi Arabia Retail Security Tags Market Breakdown, by Application
- 11.1.2.4 UAE Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.4.1 UAE Retail Security Tags Market Breakdown, by Technology
- 11.1.2.4.2 UAE Retail Security Tags Market Breakdown, by Materials
- 11.1.2.4.3 UAE Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.4.4 UAE Retail Security Tags Market Breakdown, by Application
- 11.1.2.5 Rest of MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.1.2.5.1 Rest of MEA Retail Security Tags Market Breakdown, by Technology
- 11.1.2.5.2 Rest of MEA Retail Security Tags Market Breakdown, by Materials
- 11.1.2.5.3 Rest of MEA Retail Security Tags Market Breakdown, by Print Type
- 11.1.2.5.4 Rest of MEA Retail Security Tags Market Breakdown, by Application
- 12. Competitive Landscape
- 12.1 Middle East & Africa Heat Map Analysis by Key Players
- 13. Middle East & Africa Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Product Development
- 13.4 Mergers & Acquisitions
- 14. Company Profiles
- 14.1 Avery Dennison Corp
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 3M Co
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Alien Technology, LLC
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Brady Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Sensormatic Electronics Corp
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Checkpoint Systems Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 HP Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 15. Appendix
- 15.1 Word Index
- LIST OF TABLES
- Table 1. Middle East & Africa Retail Security Tags Market Segmentation
- Table 2. Middle East & Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Million)
- Table 3. MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Country
- Table 4. South Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 5. South Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 6. South Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 7. South Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 8. Saudi Arabia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 9. Saudi Arabia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 10. Saudi Arabia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 11. Saudi Arabia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 12. UAE Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 13. UAE Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 14. UAE Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 15. UAE Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 16. Rest of MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Technology
- Table 17. Rest of MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Materials
- Table 18. Rest of MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Print Type
- Table 19. Rest of MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
- Table 20. Middle East & Africa Heat Map Analysis by Key Players
- Table 21. List of Abbreviation
- LIST OF FIGURES
- Figure 1. Middle East & Africa Retail Security Tags Market Segmentation, By Country
- Figure 2. Middle East & Africa PEST Analysis
- Figure 3. Ecosystem: Middle East & Africa Retail Security Tags Market
- Figure 4. Impact Analysis of Drivers and Restraints
- Figure 5. Middle East & Africa Retail Security Tags Market Revenue (US$ Million), 2022 - 2030
- Figure 6. Middle East & Africa Retail Security Tags Market Share (%) - Technology, 2022 and 2030
- Figure 7. RF & RFID Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 8. AM Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 9. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 10. Middle East & Africa Retail Security Tags Market Share (%) - Materials, 2022 and 2030
- Figure 11. Paper Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 12. Plastic Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 13. Middle East & Africa Retail Security Tags Market Share (%) - Print Type, 2022 and 2030
- Figure 14. Printable Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 15. Non-Printable Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 16. Middle East & Africa Retail Security Tags Market Share (%) - Application, 2022 and 2030
- Figure 17. Apparel & Fashion Accessories Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 18. Cosmetics & Pharmaceuticals Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 20. MEA Retail Security Tags Market, by Key Country - Revenue (2022) (US$ Mn)
- Figure 21. Retail Security Tags Market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 22. South Africa Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 23. Saudi Arabia Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 24. UAE Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
- Figure 25. Rest of MEA Retail Security Tags Market Revenue and Forecasts to 2030 (US$ Mn)
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