Global Track and Trace Solutions Market Report 2022: A $7.5+ Billion Market by 2027

The "Track and Trace Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global track and trace solutions market size reached US$ 3.8 Billion in 2021. Looking forward, the market is set to reach US$ 7.6 Billion by 2027, exhibiting a CAGR of 12.25% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Track and trace (T&T) solutions help organizations in managing their supply chain and mitigating risks associated with counterfeit products. They offer transparency, product ID verification services, facilitate the hassle-free movement of products, and assist in the management of packaging and logistics.

Consequently, T&T solutions are utilized for both personal and business purposes as they save fuel and insurance costs, provide customer services and offer the latest information via SMS alerts or emails. At present, they are gaining prominence for monitoring supply chain in different end use industries.

One of the primary factors bolstering the market growth includes the availability of the latest technologies for T&T activities. For instance, barcode technology is widely being adopted as a T&T solution on account of its various benefits, including improved stock visibility, reduced disparities in cost, and ensured safety and compliance.

Similarly, radio-frequency identification (RFID) is also gaining popularity as another T&T solution as it utilizes transmitter-receiver systems for contact-free identification and locates objects and living beings using radio waves.

Furthermore, government authorities of various countries are providing legislative support to companies dealing with counterfeit activities, which, in turn, is strengthening the market growth across the world.

Other major factors anticipated to foster the market growth include the burgeoning pharmaceutical and biotechnology industries and the escalating demand for aggregation systems and automated serialization in the healthcare industry.

Key Questions Answered in This Report:

How has the global track and trace solutions market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global track and trace solutions market?

What are the key regional markets?

What is the breakup of the market based on the product?

What is the breakup of the market based on the technology?

What is the breakup of the market based on the application?

What is the breakup of the market based on the end use industry?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global track and trace solutions market and who are the key players?

What is the degree of competition in the industry?

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

ACG Worldwide

Antares Vision S.p.A.

Axway

Mettler-Toledo International Inc.

Optel Vision Inc.

Robert Bosch GmbH

Seidenader Maschinenbau GmbH (Korber AG)

Siemens AG

Sys-Tech Solutions Inc. (Dover Corporation)

TraceLink Inc.

Uhlmann Group

Zebra Technologies Corporation.

Key Market Segmentation:

Breakup by Product:

Hardware

Printing and Marking Solutions

Monitoring and Verification Solutions

Labelling Solutions

Others

Software

Plant Manager Software

Line Controller Software

Bundle Tracking Software

Others

Breakup by Technology:

Breakup by Application:

Serialization Solutions

Bottle Serialization

Label Serialization

Carton Serialization

Others

Aggregation Solutions

Bundle Aggregation

Case Aggregation

Pallet Aggregation

Breakup by End Use Industry:

Pharmaceutical

Medical Device

Food and Beverages

Cosmetics

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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