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Global Track and Trace Solutions Market is expected to grow steadily at CAGR of 14.5% in the Forecast Period of 2021-2026

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Global Track and Trace Solutions Market is expected to grow steadily at CAGR of 14.5% in the Forecast Period of 2021-2026

August 27
15:10 2021
Global Track and Trace Solutions Market is expected to grow steadily at CAGR of 14.5% in the Forecast Period of 2021-2026
Global Track and Trace Solutions Market Report and Forecast 2021-2026
Global Track and Trace Solutions Market Size, Share, Key Players, Demand, Growth, Analysis, Research Report 2021-2026 | EMR Inc.

The new report by Expert Market Research titled, ‘‘Global Track and Trace Solutions Market” Report and Forecast 2021-2026’, gives an in-depth analysis of the global track and trace solutions market, assessing the market based on its segments like product, technology, end use and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/track-and-trace-solutions-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Value (2020): USD 3 Billion
  • Forecast CAGR (2021-2026): 5 %
  • Forecast Market Value (2026): USD 2 Billion

The various benefits of track and trace solutions, such as continuous transparency, packaging, logistics management, and distribution channel product ID verification services, are expected to drive market growth. Increased company deployment for pharmaceutical and medical devices is expected to drive more market development. Drug counterfeiting is a significant issue that affects all pharmaceutical and biopharmaceutical companies. As a result, industries are adopting supply chain management technologies. Strict regulations and guidelines for serialisation and aggregation are expected to propel the industry forward. However, market growth may be hampered due to high costs and a lack of uniform standards and regulations for serialisation and aggregation.

Industry Definition and Major Segments

Track and trace solutions are distribution systems in which the commodity is marked by various specific labelling methods and distributed across the supply chain so that these products can be tracked by various providers. This method ensures that all products on the market are connected to a central server, which records their unique product code and allows the product to be traced back to its roots.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/track-and-trace-solutions-market

Based on product, the market is bifurcated into:

  • Hardware system
  • Printing and Marking Solutions
  • Monitoring and Verification Solutions
  • Labelling Solutions
  • Other Hardware Systems
  • Software solutions
  •  
    • Plant Manager Software
    • Line Controller Software
    • Bundle Tracking Software
    • Other Software

Based on Technology, the market is bifurcated into:

  • Serialization Solutions
    • Bottle Serialization
    • Label Serialization
    • Carton Serialization
    • Data Matrix Serialization
  • Aggregation solutions
  •  
    • Bundle Aggregation
    • Case Aggregation
    • Pallet Aggregation

Based on End use, the market is categorised into:

  • Pharmaceutical
  • Healthcare
  • Food and Beverage
  • Consumer Packaged Goods
  • Luxury Goods
  • Others

The regional markets for global track and trace solutions include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

North America dominates the track and trace industry and generates the most revenue, owing to the existence of strictly controlled serialisation and aggregation requirements, as well as advanced healthcare infrastructure. The FDA recommends automatic recognition systems such as barcoding and RFID to pharmaceutical and other healthcare firms. Furthermore, the region’s demand is projected to be driven by the presence of highly developed healthcare infrastructure and acceptance of this technology in the United States.

Key Market Players

The major players in the market are ACG, Adents, Antares Vision S.p.A, Axway Software SA, Mettler-Toledo International Inc. (NYSE: MTD), Rfxcel Corporation, Optel Group, Seidenader Maschinenbau GmbH (Medipak Systems), Sea Vision SRLm, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Explore our services: Procurement Intelligence

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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