Pune, 7, April 2023: The report expects the Track and Trace Solutions Market to grow from USD 4.11 Bn in 2021 to USD 10.39 Bn by 2029 at a CAGR of 12.3 percent over the forecast period. The report is a mixture of primary and secondary data and the domain expert has analyzed the Track and Trace Solutions Market from a local, global and regional point of view.
Track and Trace Solutions Market Report Scope and Research Methodology
The report is a thorough analysis of the Track and Trace Solutions market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Track and Trace Solutions market. The bottom-up approach was used to understand the Track and Trace Solutions market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the Track and Trace Solutions market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Track and Trace Solutions market.
Regional analysis of the Track and Trace Solutions market conducted at a local, regional and global level. The report also provides information on the emerging regions that are expected to be major markets for the Track and Trace Solutions market. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Track and Trace Solutions market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Track and Trace Solutions Market.
Track and Trace Solutions Market Dynamics
The increasing occurrences of counterfeiting and delivery of illegal products resulting to increase in demand for safe and secure supply chains. These unlawful activities have unfavorably impacted end-use industries such as pharmaceuticals, and medical, devices, electrical and electronics and helps to drive the growth of the market. The Track and Trace Solutions Market is driven by the increase in counterfeit goods, favorable regulations for serialization implementation and increasing concerns about brand protection due to product counterfeiting and theft of drugs in the pharmaceutical industry.
The remote authentication of the products is an expected lucrative opportunity for the market, during the forecast period. Over the forecast, the market growth is restrained by the high cost of Track and Trace Solutions technologies.
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Track and Trace Solutions Market Regional Insights
In 2021, North America dominated the Track and Trace Solutions Market with a maximized revenue share of over 35.0 percent. The regional market is driven by the presence of a large number of pharmaceutical and biotechnology companies, stringent regulations regarding serialization, increasing investment in advanced technology and growth in the medical device industry.
Europe held the second-largest position in the Track and Trace Solutions Market in terms of revenue. The implementation of Track and Trace Solutions in the healthcare supply chain, growth in the pharmaceutical industry and the presence of developed economies such as Germany, Turkey, the U.K., France and Italy are the regional growth drivers for the market.
Track and Trace Solutions Market Segmentation
By Product
- Software
- Hardware Components
- Standalone Platforms
By Technology
- RFID
- 2D Barcodes Linear Barcodes
By Application
- Serialization
- Aggregation
- Tracking, Tracing, and Reporting
By End-User
- Pharmaceutical and Biopharmaceutical Companies
- Food Industry
- Medical Device Companies
- Cosmetic Industry
- Other End Users
Track and Trace Solutions Market Key Players include:
- Zebra Technologies Corporation (US)
- Xyntek(US)
- Systech(US)
- SAP Se (US)
- RFXCEL.CORP. (US)
- METTLER TOLEDO (US)
- PharmaSecure Inc. (US)
- Tracelink (US)
- Optel Group (Canada)
- Axway (France)
- Siemens(Germany)
- Uhlmann (Germany)
- Körber Medipak Systems(Germany)
- WIPOTEC-OCS GmbH.(Germany)
- Robert Bosch GmbH (Germany)
- Laetus GmbH (Germany)
- syntegon (Germany)
- Sea Vision(Italy)
- Antares Vision (Italy)
- Adents (Ireland)
- ACG Worldwide (India)
- Jekson Vision (India)
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Table of Content for Global Track and Trace Solutions Market:
- Global Track and Trace Solutions Market: Research Methodology
- Global Track and Trace Solutions Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Track and Trace Solutions Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Track and Trace Solutions Market Segmentation
- Global Market, by Product (2021-2029)
- Global Market, by Technology (2021-2029)
- Global Market, by Application (2021-2029)
- Global Market, by End-User (2021-2029)
- Regional Global Track and Trace Solutions Market(2021-2029)
- Regional Market, by Product (2021-2029)
- Regional Market, by Technology (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by End-User (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key questions answered in the Track and Trace Solutions Market are:
- What is Track and Trace Solutions?
- What was the Track and Trace Solutions market size in 2021?
- What is the expected Track and Trace Solutions market size by 2029?
- What are the different segments of the Track and Trace Solutions Market?
- What are the factors restraining the growth of the Track and Trace Solutions Market?
- What growth strategies are the players considering to increase their presence in Track and Trace Solutions?
- What is the scope of the Track and Trace Solutions Market?
- What is the growth rate of the Track and Trace Solutions Market?
- Which are the factors expected to drive the Track and Trace Solutions market growth?
- What segments are covered in the Track and Trace Solutions Market?
- What are the key players in the Track and Trace Solutions Market?
- What are the opportunities for the Track and Trace Solutions Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Product, Technology, Application, End-User and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
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