Press release
Track and Trace Solutions Market Worth USD 4.21 Billion by 2024 - Leading Companies are OPTEL Group (Canada), Mettler-Toledo International Inc. (US), Systech International Inc. (US), TraceLink Inc. (US), Antares Vision (Italy), Xyntek Inc. (US)
According to the new market research report "Track and Trace Solutions Market by Product (Plant Manager, Checkweigher, Barcode Scanner, Verification) Technology (2D Barcode, RFID) Application (Serialization, Aggregations, Reporting) End User (Pharmaceutical, Medical Devices) - Global Forecast to 2024", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, APAC, Latin America, Middle East, and Africa.The Track and Trace Solutions Market is projected to reach USD 4.21 billion by 2024 from USD 2.16 billion in 2019, at a CAGR of 14.2%.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=158898570#utm_source=Openpr&utm_medium=paidpr
Don't miss out on business opportunities in Track and Trace Solutions Market
The major factors driving the growth of this market include the stringent regulations & standards for the implementation of serialization, increasing focus of manufacturers on brand protection, increasing number of packaging-related product recalls, high growth in the generic and OTC markets, and the growing medical device industry.
By Software type, the plant manager software segment accounted for the largest share of the track and trace software market
Based on types of software, the Track and Trace Solutions Market is segmented into plant manager, line controller, enterprise & network manager, bundle tracking, warehouse & shipment manager, case tracking, and pallet tracking software. The plant manager segment accounted for the largest market share in 2018. The rising need to secure the supply chain of pharmaceutical and medical devices manufacturing industries along with strict government legislation are the key factors driving the growth of the plant manager segment.
Browse in-depth TOC on "Track and Trace Solutions Market"
264 – Tables
52 – Figures
301 – Pages
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=158898570#utm_source=Openpr&utm_medium=paidpr
Tracking, tracing, and reporting application segment to witness the highest growth in the Track and Trace Solutions Market, by application
Based on application, the Track and Trace Solutions Market is segmented into serialization, aggregation, and tracking, tracing, and reporting solutions. The tracking, tracing, & reporting solutions segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing number of regulations such as DSCSA, UDI, and Medical Device Reporting (MDR) for medical devices and pharmaceutical products.
By technology, 2D barcodes segment accounted for the largest share of the Track and Trace Solutions Market
On the basis of technology, the Track and Trace Solutions Market is segmented into linear barcodes, 2D barcodes, and Radio Frequency Identification (RFID). The 2D barcodes segment accounted for the largest market share in 2018. 2D barcodes are preferred for packaging over linear barcodes as they have a higher data storage capacity and contain large amounts of data with fewer variations in image size. This is a major factor driving the Track and Trace Solutions Market for 2D barcodes.
North America is the largest regional market for track and trace solutions
North America accounted for the largest share of the Track and Trace Solutions Market in 2018, followed by Europe. Factors such as the presence of a large number of pharmaceutical & biotechnology companies and medical device manufacturers, stringent regulations regarding serialization, and the growing medical devices market, are driving the growth of the Track and Trace Solutions Market in North America.
Request for Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=158898570#utm_source=Openpr&utm_medium=paidpr
Key Players
Prominent players in the Track and Trace Solutions Market are OPTEL Group (Canada), Mettler-Toledo International Inc. (US), Systech International Inc. (US), TraceLink Inc. (US), Antares Vision (Italy), SAP (US), Xyntek Inc. (US), Adents International (France), SEA Vision Srl (Italy), Robert Bosch (Germany), Körber Medipak Systems AG (Switzerland), Siemens AG (Germany), Uhlmann Group (Germany), Jekson Vision (India), Videojet Technologies, Inc. (US), Zebra Technologies Corporation (US), Axway Inc. (US), NJM Packaging (US), rfxcel Corporation (US), ACG Worldwide (India), Laetus GmbH (Germany), WIPOTEC-OCS (Germany), Domino Printing Sciences plc (UK), Kevision Systems (India), Grant Soft (Turkey), SL Control Ltd. (US), and Arvato Bertelsmann (Germany).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's™ flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Track and Trace Solutions Market Worth USD 4.21 Billion by 2024 - Leading Companies are OPTEL Group (Canada), Mettler-Toledo International Inc. (US), Systech International Inc. (US), TraceLink Inc. (US), Antares Vision (Italy), Xyntek Inc. (US) here
News-ID: 2206178 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Track
Analyse the difference between excavator track rollers and bulldozer track rolle …
Excavators and bulldozers are versatile machines widely used in construction, mining, and other heavy-duty industries. Among the critical components of excavator and bulldozers undercarriage, track rollers [https://www.china-yjf.com/track-rollerbottom-roller/] play a vital role in ensuring smooth operation, stability, and longevity of the machine.
Excavators and bulldozers, both being heavy earth-moving equipment, use track systems to provide traction and stability while operating. However, there are some differences in the design and function of track…
Magic Track track: what kids want as Holiday gift
In this holiday season you might be out of ideas of what to get for your kids for Christmas. You have a niece or a nephew who asked you for a gift for the holiday but you are short of ideas of gifts to get for them. Well, you are not alone and that is why I am writing about the magic track track.
The magic track track also known as…
Vital Fit Track Reviews: Is Vital Fit Track Legit? Read The Vital Fit Track Cons …
Vital Fit Track is a cutting-edge wearable device that seamlessly combines the functionality of a traditional wristwatch with advanced fitness and health tracking features. Designed to empower individuals in monitoring and improving their physical activity levels, tracking their health metrics, and enhancing their overall well-being, this smart device is revolutionizing the way we approach fitness and personal health.
With its sleek and stylish design, the Vital Fit Track Watch is not…
Vital Fit Track Reviews- Are Vital Fit Track Good? Read Vital Fit Track Watch Co …
The Vital Fit Track Watch is a cutting-edge smartwatch designed to elevate your fitness journey and enhance your daily life. Combining advanced fitness tracking capabilities, seamless smartphone integration, and a sleek, stylish design, this innovative device serves as your ultimate fitness companion.
In today's fast-paced world, staying connected and prioritizing health and fitness can be challenging. The Vital Fit Track Watch addresses these challenges by seamlessly blending fashion and functionality, allowing…
Agricultural Equipment Rubber Track Market - Zhejiang Yuan Chuang Rubber Track, …
As per the research conducted by KD Market insights, the report “Agricultural Equipment Rubber Track Market” provides current as well as future analysis of the market by evaluating the major applications, advantages, trends, and challenges. The report dives deeper to produce useful insights into Agricultural Equipment Rubber Track Market such as major global regions and key competitors and strategies that can be used for the entry-level player too.
Report start…
Track Shoes Market Report 2018: Segmentation by Type (Ordinary Track Shoes, Spik …
Global Track Shoes market research report provides company profile for Saucony, New Balance, Under Armour, Brooks, Mizuno, Nike, Adidas, Asics, Puma and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…