Global track and trace solutions market expected to generate around USD 4.6 billion by 2024, at a CAGR of around 18.72% between 2018 and 2024. Pharmaceutical and medical device industry is experiencing rapid growth in both developed and developing nations.
Track and Trace Solutions Market
The report covers a forecast and an analysis of the track and trace solutions market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the track and trace solutions market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the track and trace solutions market on a global and regional level.
In order to give the users of this report a comprehensive view of the track and trace solutions market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the track and trace solutions market on a global and regional basis.
The study provides a decisive view of the track and trace solutions market by segmenting the market based on technology, product, application, end-user, and region. Based on technology market is segmented into Radio-Frequency Identification (RFID) and barcodes. Barcode technology segment is sub-segmented into 2D barcodes and linear barcodes. Based on product, this market is segmented into software solutions and hardware systems. Hardware systems are sub-segmented into monitoring and verification, printing and marking, checkweighers, labeling, barcode scanners, and RFID readers. Software solutions are sub-categorized into line controller, plant manager, bundle tracking, case tracking, warehouse, and shipment manager, pallet tracking, and enterprise and network manager. Aggregation solutions and serialization solutions form the application segment of the track and trace solutions market. Aggregation solutions segment is further categorized into the case, pallet, and bundle. The serialization solutions segment is sub-segmented into bottle, blister, vials and ampoules, carton, and medical device serialization. Medical devices companies, pharmaceutical and biopharmaceutical companies, cosmetic industry, and others comprise the end-user segment of this market.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., Canada, Germany, France, UK, China, Japan, India, and Brazil.
Few of the key players in the track and trace solutions market include METTLER TOLEDO, OPTEL Group, TraceLink, Systech, Xyntek, Antares Vision, Axway, Sea Vision, Adents International, Zebra Technologies, Siemens, ACG Worldwide, and Körber Medipak Systems, among others.
This report segments the global track and trace solutions market into:
Global Track and Trace Solutions Market: By Technology
Global Track and Trace Solutions Market: By Product
Global Track and Trace Solutions Market: By Application
Global Track and Trace Solutions Market: By End-User
Global Track and Trace Solutions Market: By Region