Cold Chain Tracking and Monitoring Market : Surging from $4.6 Billion in 2020 to $15.2 Billion by 2030 | Growing at a CAGR of 12.9%

According to a new report published by Allied Market Research, titled, "Cold Chain Tracking and Monitoring Market," 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐨𝐟 𝐜𝐨𝐥𝐝 𝐜𝐡𝐚𝐢𝐧 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $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.

The report offers insights regarding investment opportunities, factors influencing the growth of market, segmentation, key market players, and strategies implemented by them. These insights assist stakeholders and new entrants to make informed business decisions.

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

A cold chain refers to an unbroken supply system that preserves the quality of products from production through distribution, transportation, storage, and retail, all under temperature-controlled environments. This system ensures a temperature-regulated and secure environment, for delicate items like pharmaceuticals, fresh and frozen food products, biologics, vaccines, and chemicals.

Currently, the cold chain system integrates sensor-based technology, particularly the Internet of Things (IoT), facilitating real-time logistics management and enabling advanced real-time data tracking for each stage in the chain.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 :

The global cold chain tracking and monitoring market report has profiled the top entities across the sector. It further emphasizes their strategies like partnerships, collaborations, new product launches, acquisitions, and mergers to sustain the dynamic market.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Americold Logistics, LLC,
Berlinger& Co. AG,
Controlant,
ELPRO-BUCHS AG,
Hanwell Solutions,
Infratab, Inc.,
Monnit Corporation,
ORBCOMM,
Savi Technology,
Sensitech Inc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 :

The report provides an in-depth analysis of factors influencing the growth of the market. The drivers, restraining factors, and opportunity providing factors are deeply analyzed in the global cold chain tracking and monitoring market report. This analysis is helpful for stakeholders to enhance their product portfolio.

The global cold chain tracking and monitoring market is experiencing growth due to heightened focus on quality and product sensitivity, expansion of the pharmaceutical sector, and growth in refrigerated warehouses. However, high operational costs and lack of standardization hamper market growth to some extent. Nevertheless, research for advancements in cold chain software and adoption of RFID technologies for cold chain application are estimated to offer new avenues to the industry in the upcoming years.

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

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐨𝐥𝐝 𝐜𝐡𝐚𝐢𝐧 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐦𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 :

The cold chain is increasingly influenced by technology, with the advancements in telecommunication and information technology, particularly the emergence of wireless sensing technologies like RFID and WSN. These innovations offer a practical means of monitoring and tracking the safety and quality of food cold chains.

𝐌𝐨𝐛𝐢𝐥𝐞 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 :
Mobile apps empower users to remotely track the location of drivers and monitor their shipment's status. These apps enhance transparency by offering customers real-time details regarding the progress of their goods in transit. Additionally, they can boost efficiency by enabling drivers to upload images of products and manage paperwork digitally, eliminating the need for physical documentation.21

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐫𝐞𝐭𝐫𝐢𝐞𝐯𝐚𝐥 𝐚𝐧𝐝 𝐬𝐭𝐨𝐫𝐚𝐠𝐞 𝐬𝐲𝐬𝐭𝐞𝐦 :
Automated cold storage and retrieval systems, employing robotic technology, are increasingly favored in the cold chain industry. These systems utilize
robots to handle tasks such as sorting, picking, consolidating, and distributing goods. Beyond the evident reduction in labor costs, they also substantially
diminish the risk of errors and damage, thereby enhancing the overall efficiency of the cold chain.

𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 :
Blockchain technology provides a transparent and unalterable method for tracking and verifying products within the cold chain. Through the creation of
an auditable digital record for each consignment, blockchain enables the seamless tracking of shipment origins, locations, and conditions throughout
the entire supply chain.

𝐈𝐨𝐓 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 :
The IoT is transforming the cold chain industry by delivering dependable and precise real-time data on the location, temperature, and humidity of goods
during transit. An IoT sensor network can track and report the status of many perishable goods from a shipment. IoT sensors can actively identify
temperature fluctuations or maintenance issues, offering real-time solutions to ensure the optimal quality of goods.

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.

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

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 :

The global cold chain tracking and monitoring market size offers a detailed breakdown of the market on the basis of end user, system, solution and region. It also highlights the highest revenue generating and fastest growing segments among each category. These insights help stakeholders to identify specific investment pockets.

By solution, the market is segmented into the transportation and storage segments. By system, the market is classified into the software and hardware segments. By end user, the market is segmented into the food and beverage, healthcare, chemical, and others segments.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Fourth Party Logistics Market :
https://www.alliedmarketresearch.com/fourth-party-logistics-market

U.S. Cold Chain Tracking and Monitoring Market : https://www.alliedmarketresearch.com/us-cold-chain-tracking-and-monitoring-market-A06732

Chemical Logistics Market :
https://www.alliedmarketresearch.com/chemical-logistics-market

FMCG Logistics Market :
https://www.alliedmarketresearch.com/fmcg-logistics-market-A08768

Latin America logistics Market :
https://www.alliedmarketresearch.com/latin-america-logistics-market-A07185

Warehousing and Distribution Logistics Market : https://www.alliedmarketresearch.com/warehousing-and-distribution-logistics-market-A11526

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.