Cold Chain Tracking And Monitoring Market Size to Reach US$ 11.0 Billion by 2028

Industry Overview of Cold Chain Tracking And Monitoring Market
Cold chain tracking and monitoring involves the use of technology and systems to monitor and manage the temperature and environmental conditions of perishable goods throughout the supply chain. It ensures that products requiring specific temperature controls, such as food, pharmaceuticals, and vaccines, are maintained within the required temperature range to preserve their quality, safety, and efficacy. This process typically involves the use of sensors, data loggers, and real-time monitoring systems to track temperature, humidity, and other relevant parameters. By closely monitoring and maintaining optimal conditions, cold chain tracking and monitoring help prevent spoilage, reduce product loss, ensure regulatory compliance, and safeguard public health.

How Big Is the Cold Chain Tracking And Monitoring Market?
The global cold chain tracking and monitoring market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.17% during 2023-2028.

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Global Industry Trends and Drivers:
The cold chain tracking and monitoring market is driven by several industry trends and drivers. One significant trend is the increasing demand for perishable goods, such as fresh food, pharmaceuticals, and vaccines, across global markets. As the global population grows and consumer preferences for fresh and high-quality products rise, there is a need for effective cold chain management to ensure the safety and integrity of these goods throughout the supply chain. Another driver is the stringent regulatory requirements imposed by various industries. Regulatory bodies, such as food safety authorities and pharmaceutical regulatory agencies, have established strict guidelines and standards for temperature control and monitoring. Compliance with these regulations necessitates the implementation of robust cold chain tracking and monitoring systems.
Additionally, the growing adoption of advanced technologies, such as IoT (Internet of Things) and sensor-based solutions, is driving the market. These technologies enable real-time monitoring of temperature and environmental conditions in transit and storage, providing enhanced visibility and control over the cold chain. The integration of data analytics and cloud-based platforms further facilitates data-driven decision-making and optimization of the cold chain processes.

What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by System:
• Hardware
• Software

Breakup by Solution:
• Storage
• Transportation

Breakup by End User:
• Healthcare
• Pharmaceuticals
• Food and Beverage
• Chemical
• Others

Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

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The report provides a comprehensive analysis of the industry key players listed below:
AmeriCold Logistics LLC, Berlinger & Co. AG, Carrier Global Corporation, Cold Chain Technologies, Controlant, Ellab Monitoring Solutions Ltd., ELPRO-BUCHS AG, Monnit Corporation, Orbcomm, Rotronic AG (Process Sensing Technologies Limited), Savi Technology and Zest Labs Inc.

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This release was published on openPR.