Global Track and Trace Solutions Market 2020:Share,Trends,Covid-19 Impact On Business,Demand,Growth Accelerating Factors By ANTARES VISION S.p.A., METTLER TOLEDO, OPTEL GROUP, SEA VISION S.r.l., Xyntek Incorporated, Jekson Vision, RFXCEL.CORP., Laetus Gmb

“Global Track and Trace Solutions Market–Industry Trends and Forecast to 2027” focuses on the major drivers and restraints for the key players. These research report also provides Comprehensive analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Track and Trace Solutions market research report is a professional and in-depth study on the current state of Track and Trace Solutions Industry. With 350 pages, 60 Figures And 220 Tables in it.

Track and trace solutions market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.5% in the forecast period of 2020 to 2027 and is expected to reach USD 5,692.30 million by 2027. Rising adoption of trace and track solutions and technological advancement in track and trace solutions are the major drivers which propelled the demand of the market in the forecast period.

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Some of the major players operating in the track and trace solutions market are Adents, Uhlmann, ANTARES VISION S.p.A., METTLER TOLEDO, OPTEL GROUP, SEA VISION S.r.l., Xyntek Incorporated, Jekson Vision, RFXCEL.CORP., Laetus GmbH, Grant-Soft Ltd., PharmaSecure Inc., Systech, Zebra Technologies Corp., ACG, WIPOTEC-OCS GmbH, Domino Printing Sciences plc, Kevision Systems, SL Controls Ltd, Arvato Systems, Axyway, TraceLink, Körber AG, SAP SE, Siemens, IBM Corporation, Videojet Technologies, Inc., NJM, and Robert Bosch Manufacturing Solutions GmbH among other domestic and global players.

Global Track and Trace Solutions Market Development

In June 2020, Zebra Technologies Corp. launched Zebra MotionWorks Proximity which offers proximity sensing with user-level alerting and contact tracing to enable employers to help protect their employees’ health while in the work environment. This new product launch by the company will increase its credibility in the market.

Market Drivers

Increasing prevalence of regulations for the implementation of unique identification methods for products from the authorities are factors driving the growth of the market
Increasing number of products being recalled by various manufacturers and healthcare companies requiring better inventory management; this factor is expected to drive the growth of the market
Increasing prevalence of generic and over-the-counter medicine products is also expected to drive the growth of the market
Rising prevalence of counterfeit medical products and pharmaceuticals flooding the market

Market Restraints

Large financial costs associated with the establishment and operations of these solutions is expected to restrict its complete adoption
Increasing consumption of resources to implement the components required for the functioning of this solution is expected to hinder the growth of the market

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Segmentation: Global Track and Trace Solutions Market

Track and Trace Solutions Market By Product

(Software; Hardware Components; Standalone Platforms);

Track and Trace Solutions Market By Application

(Serialization; Aggregation; Tracking, Tracing & Reporting);

Track and Trace Solutions Market By Technology

(RTLS; 2D Barcodes; Radiofrequency Identification (RFID); Linear Barcodes);

Track and Trace Solutions Market By End-User

(Pharmaceutical & Biotechnology Companies; Medical Device Companies; Cosmetic Industry; Food & Beverages; Consumer Packaged Goods; Luxury Goods; Others);

Track and Trace Solutions Market By Geography

(North America; Europe; Asia-Pacific; South America; Middle East and Africa)

Table Of Content:

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Track and Trace Solutions Market Landscape
Part 04: Global Track and Trace Solutions Market Sizing
Part 05: Global Track and Trace Solutions Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Trends Impacting the Market

Now the question is which are the other regions that SAP SE and METLLER TOLEDO are targeting? Data Bridge Market Research has estimated a large growth in North America track and trace solutions market and the market leaders are targeting the U.S., and Canada to be their next revenue pockets for 2020.

The track and trace solutions market is becoming more competitive with companies such as SAP SE and METTLER TOLEDO as they are the top dominating companies in track and trace solutions having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global track and trace solutions market.

Report Insights

Strategic recommendations in key business sections in light of the market estimations.
Market share and size of all the foremost industry players
Strategic proposals for the new participants
Market estimates of all the key segments, sub-segments, and the regional markets throughout the forecast period
The report offers market share appraisals for regional and global levels

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