Chilling Advancements : Cold Chain Tracking and Monitoring Market From 2021 to 2030

As per the report published by Allied Market Research, the global cold chain tracking and monitoring market was accounted for $4.6 billion in 2020, and is estimated to reach $15.2 billion by 2030, growing at a CAGR of 12.9% from 2021 to 2030.

Rise in focus on quality & product sensitivity, increase in the number of refrigerated warehouses, and pharmaceutical sector drive the growth of the global cold chain tracking and monitoring market. However, lack of standardization and high operational cost hinder the market growth. On the contrary, adoption of RFID technologies for cold chain applications and research for advancements in cold chain software are expected to open new opportunities in the future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/1903

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐝𝐢𝐯𝐢𝐝𝐞𝐬 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐨𝐥𝐝 𝐜𝐡𝐚𝐢𝐧 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐛𝐚𝐬𝐢𝐬 𝐨𝐟 𝐞𝐧𝐝 𝐮𝐬𝐞𝐫, 𝐬𝐲𝐬𝐭𝐞𝐦, 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧 :

Based on end user, the food & beverage segment held the largest share in 2020, accounting for more than one-third of the market. However, the healthcare segment is projected to manifest the highest CAGR of 14.4% during the forecast period.

On the basis of system, the hardware segment held the lion's share in 2020, contributing to more than three-fifths of the market. However, the software segment is estimated to portray the highest CAGR of 14.1% from 2021 to 2030.

The report offers an analysis of the global cold chain tracking and monitoring market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion's share in 2020, accounting for around two-fifths of the market. However, the market across Europe is anticipated to showcase the highest CAGR of 13.9% during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/cold-chain-tracking-and-monitoring-market/purchase-options

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The COVID-19 crisis is creating uncertainty in the cold chain tracking and monitoring industry by slowing down the logistics services, closure of workplaces, and restrictions on travel hampering business growth with the increasing panic among the customer segments.

Governments across different regions announced total lockdown and temporary shutdown of industries, leading to border closures that restricted the movement of transportation & logistics services.

The global business outlook has changed dramatically post COVID-19 health crisis.

However, among all that difficulty, cold chain monitoring companies have responded to the COVID-19 crisis with surprising success along with increased safety measures & implementation of new technologies.

The key players operating in the global cold chain tracking and monitoring market are Americold Logistics, LLC, Berlinger& Co. AG, Controlant, ELPRO-BUCHS AG, Hanwell Solutions, Infratab, Inc., Monnit Corporation, ORBCOMM, Savi Technology, and Sensitech Inc.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/1903

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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This release was published on openPR.