The global retail loss prevention market size was US$ 41.49 billion in 2021. The global retail loss prevention market size is forecast to reach US$ 132.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.8% during the forecast period from 2022 to 2030.

Retail loss prevention (sometimes referred to as retail asset protection) is a collection of techniques used by retailers to protect their profits. Any corporate activity aimed at reducing avoidable losses is known as profit preservation. Any corporate cost generated by deliberate or inadvertent human behaviors, often known as "shrinkage," is a preventable loss. Loss prevention is most common in the retail industry, although it can also be found in other types of businesses. The goal of retail loss prevention is to eliminate losses that could have been avoided. Most businesses adopt this traditional method, either employing an in-house loss prevention team or contracting with outside security firms.

Factors Influencing Market Growth
The rising adoption of various technologies such as cloud computing and AI and developed technology in different industries drive the global market during the forecast period.
Technical errors in security and surveillance features, lack of understanding about internal dangers, and generation of new hazards among various end-users across countries may slow down the overall industry growth.
The rising adoption of AI-based security solutions to offer real-time information to retailers fuel the global market growth.
Increasing adoption of point-of-sales analytics solutions in order to decrease payment threats and prevention of fraudulent actions in the retail & e-commerce sector to control theft-attacks on point-of-sales systems is forecast to offer lucrative opportunities for the global market during the forecast period.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative effect on the global market. Several governments worldwide imposed a lockdown in an effort to prevent the deadly virus from spreading. This caused the closures of several retail stores due to a decrease in goods due to supply chain disruptions. This lowered the demand for retail loss prevention.

Regional Analysis
North America garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the innovations in production technologies in order to decrease employee theft in the U.S. to enhance the efficiency of security and surveillance systems and the existence of major market players in the region.

The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the growing penetration of e-commerce industries that has grown the adoption of payment security solutions to control payment theft activities.

Leading Competitors
The leading prominent companies profiled in the global retail loss prevention market are:
Axis Communications
Checkpoint Systems, Incorporated
Hangzhou Hikvision Digital Technology Co., Limited
Zebra Technologies Corporation
NEC Corporation
Intel Corporation
Huawei Technologies
Honeywell International Incorporated
Brosnan Risk Consultants
Cisco System Incorporated
LG Display
Other Prominent Players

Scope of the Report
The global retail loss prevention market segmentation focuses on Components, End-user, and Region.
Segmentation based on Component
Solution
? Security & Surveillance
o Video Surveillance
o Smart Locks
o Hazard Warning Systems
? Smart Payments
o Traditional POS
o mPOS
o Interactive Kiosks
? Inventory Management
o RFID System
o Barcode
o Others
? Sales & Marketing
o Digital Signage
o Electronic Shelf Labels
o Customer Location-Based Services
? Intelligent Vending
? Others (Smart Lighting System, Analytics Robotics, etc.)
Services
Segmentation based on End-user
Supermarkets
Hypermarkets
Stores
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Meta Title: Retail Loss Prevention Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Retail Loss Prevention Market is projected to reach US$ 132.8 billion by the end of 2030 from US$ 41.49 billion in 2021, at a CAGR of 13.8%
Meta Keywords: retail loss prevention market Size, retail loss prevention market share, retail loss prevention market trend, retail loss prevention market Forecast, retail loss prevention market insight