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The global track and trace solutions market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2027, exhibiting a growth rate (CAGR) of 12.1% during 2022-2027. 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global track and trace solutions market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology, application and end use industry.
Breakup by Product:
Breakup by Technology:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
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 (Körber AG), Siemens AG, Sys-Tech Solutions Inc. (Dover Corporation), TraceLink Inc., Uhlmann Group and Zebra Technologies Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Technology, Application, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||ACG Worldwide, Antares Vision S.p.A., Axway, Mettler-Toledo International Inc., Optel Vision Inc., Robert Bosch GmbH, Seidenader Maschinenbau GmbH (Körber AG), Siemens AG, Sys-Tech Solutions Inc. (Dover Corporation), TraceLink Inc., Uhlmann Group and Zebra Technologies Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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