Cold Chain Tracking And Monitoring Market 2023 - By Size, Growth Analysis, Leading Players, Competition And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Cold Chain Tracking And Monitoring Global Market Report 2023 identifies increasing demand for food and beverages as the major driver for the Cold Chain Tracking And Monitoring market's growth in the forecast period. Food and beverages refer to the large group of goods and sectors of the economy involved in manufacturing, processing, supplying, and consuming food and drink. The food and beverage sector can guarantee that products reach customers in a safe, new, and high-quality state using comprehensive cold chain tracking and production processes.

The global cold chain tracking and monitoring market is expected to grow from $5.41 billion in 2022 to $6.24 billion in 2023 at a compound annual growth rate (CAGR) of 15.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cold chain tracking and monitoring market is expected to reach $10.56 billion in 2027 at a CAGR of 14.1%.

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Major competitors in the Cold Chain Tracking And Monitoring market are Carrier Global Corporation, Emerson Electric Co., AmeriCold Logistics LLC, Lineage Logistics LLC, Digi International Inc., ORBCOMM Inc.

A key trend in the Cold Chain Tracking And Monitoring market includes technology innovations. Major companies operating in the cold chain tracking and monitoring market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Tridentify, a Sweden-based MedTech company, launched a real-time cold chain monitoring system. The new technology offers a thorough picture of pharmaceutical items' stability and remaining shelf life in real-time. Tridentify has transformed the industry with the debut of this new monitoring system, allowing businesses to monitor their operations and the stability of their shipments in real-time. The new solution delivers an accurate and real-time assessment of a consignment, allowing businesses to make data-driven decisions. It is uniquely designed with state-of-the-art technology, including advanced sensors and machine-learning algorithms that help monitor systems.

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The Cold Chain Tracking And Monitoring market is segmented -

• By System: Software, Hardware
• By Solution: Storage, Transportation
• By End User: Healthcare, Pharmaceuticals, Food And Beverages, Chemicals, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cold Chain Tracking And Monitoring market.

The Business Research Company's "Global Cold Chain Tracking And Monitoring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Cold Chain Tracking And Monitoring Market Include:

1. Executive Summary
2. Cold Chain Tracking And Monitoring Market Characteristics
3. Cold Chain Tracking And Monitoring Market Trends And Strategies
4. Cold Chain Tracking And Monitoring Market - Macro Economic Scenario
5. Global Cold Chain Tracking And Monitoring Market Size and Growth
………………………………………………..
32. Global Cold Chain Tracking And Monitoring Market Competitive Benchmarking
33. Global Cold Chain Tracking And Monitoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cold Chain Tracking And Monitoring Market
35. Cold Chain Tracking And Monitoring Market Future Outlook and Potential Analysis
36. Appendix

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