Press release
Global Track and Trace Solutions Market Anticipated To Grow At An Impressive Rate By Uhlmann, ANTARES VISION S.p.A., METTLER TOLEDO, OPTEL GROUP, SEA VISION S.r.l., Xyntek Incorporated, Jekson Vision, RFXCEL.CORP., Laetus GmbH
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.Global Track and trace solutions Market Scenario
According to Data Bridge Market Research, the market for track and trace solutions in North America region has the highest market share in global track and trace solutions market. Market leader is SAP SE which accounts an estimated market share of approximately 10% to 15%. The company has gained outstanding sale through providing track and trace solutions.
In April 2020, SAP SE announced the use of its cloud-based Web application for the automation and speed up contact tracing of COVID-19 cases. This initiative taken by the company in the emergence of COVID-19 will enhance its product demand in the market.
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Key Market Competitors Covered in the Report
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
Segmentation: Global Track and Trace Solutions Market
By Product
(Software Components, Hardware Components, Standalone Platform),
Solution
(Line & Site-Level Serialization, Cloud Enterprise-Level Traceability, Distribution and Warehouse Solution, Supply Chain Data-Sharing Network, Others),
Application
(Serialization, Printing, Labeling and Packaging Inspection, Aggregation, Tracking, Tracing, Reporting),
Technology
(2D Barcodes, Radiofrequency Identification (RFID), Linear/1D Barcodes),
End User
(Pharmaceutical & Biopharmaceutical Companies, Consumer Packaged Goods, Luxury Goods, Food and Beverage, Medical Device Companies, Contract Manufacturing Organizations, Repackagers, Cosmetics Companies, Others),
Distribution Channel
(Direct Sales, Third Party Distributors),
Country
(U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey and rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa)
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Track and Trace Solutions Market Country Level Analysis
Track and trace solutions market is analysed and market size information is provided by product, solution, application, technology, end user and distribution channel.
The countries covered in the track and trace solutions market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey and rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa.
The U.S in North America is expected to dominate the track and trace solutions market due to the high adoption of track and trace solutions by biopharma and pharmaceutical companies and is also dominating in the market and leading the growth in the North America market due to stringent laws imposed by the government for labeling & serialization of goods. China is dominating in the Asia-Pacific due to the growth with the highest CAGR in the forecast periods and the rising number of offshore production sites and because of strong presence of market player of track & trace solutions in this region is expected to grow with the most promising growth rate in the forecast period of 2020 to 2027. Germany is dominating the European market with the increasing awareness and technological advancement of track and trace solutions.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Potential of the report
To describe and forecast the Track and Trace Solutions market, in terms of value, by process, product type, and industry.
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
The key findings and recommendations highlight crucial progressive industry trends in the Track and Trace Solutions Market, thereby allowing players to develop effective long term strategies
To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Track and Trace Solutions market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Profiles of key players and brands
Focus of the report
CAGR values in the market for the forecast period
Key trends in the market place
Major players and brands
Historical and current market size and projection up to 2027.
Detailed overview of parent market
Changing market dynamics of the industry
Customization Available: Global Track and Trace Solutions Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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About Us:
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