Report Code: CMI25080

Published Date: July 2023

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 19.7%
3.7B
2022
5.05B
2023
17.22B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Axway
  • Mettler-Toledo International, Inc.
  • TraceLink Inc.
  • Adents
  • Antares Vision S.r.l
  • Siemens AG
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the Global Track and Trace Solutions Market is expected to record a CAGR of 19.7% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 3.7 Billion. By 2032, the valuation is anticipated to reach USD 17.22 Billion.

Track and Trace Solutions Market: Overview

Theft and product counterfeiting are the main issues that pharmaceutical, biopharmaceutical, and cosmetic firms deal with. The WHO estimates that around 10% of all medications globally are fake, with this number being substantially higher in several African, Asian, and Latin American nations. Each year, the use of fraudulent medications claims hundreds of lives.

To protect consumers against fraudulent medications and other items, the governments of several nations have established standards and rules requiring the use of track and trace systems in the healthcare sector. Healthcare businesses or organizations may manage their supply chains more efficiently and reduce the dangers involved with obtaining fake medications with the use of track and trace (T&T) systems. It is the procedure that pinpoints a drug’s present and previous sites.

Track and Trace Solutions Market: COVID–19 Impact Analysis

Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created a number of difficulties. Healthcare markets have been affected by the COVID-19 epidemic in both good and bad ways.

The market growth is favorably impacted by the increasing use of track and trace solutions to stop the trade in important medical items that are counterfeit. During the COVID-19 epidemic, there have been multiple instances of crucial medical device counterfeiting. For instance, 77 nations saw the seizure of fake COVID-19 testing kits by June 2020, valued at USD 40 million. In addition, customs officers in Hong Kong confiscated bogus N95 masks worth USD 387,000 in October 2020.

In Noida, India, in September 2020, more than 400,000 bogus COVID-19 test kits were confiscated. The U.S. Customs and Border Protection division captured approximately 500,000 fake N95 respirator masks in Chicago (Illinois, U.S.) in September 2020. Thus, it is anticipated that the arrival of fake medical items would increase the usage of track and trace technologies.

Track and Trace Solutions Market: Growth Drivers

Strict guidelines and prerequisites for the deployment of serialization accelerate the market’s growth

To maintain supply chain effectiveness in the healthcare industry, governments in many nations are striving to pass specific regulations for the deployment of serialization in track and trace systems. The use of track and trace solutions is required across the pharmaceutical supply chain in Europe.

The pharmaceutical sector in Europe should use a standard coding system, suggests the European Federation of Pharmaceutical Industries and Associations. The Falsified Medicines Directive (FMD) Safety Features Delegated Regulation, issued by the European Union, stipulates that beginning in 2019, businesses in the EU will be required by law to serialize their registered medicinal goods.

One of the first nations to embrace serializing and tracking technologies for all transport items, including pallets, packages, boxes, and bundles, was Turkey. Moreover, a permanent marking on medical equipment is necessary to assure UDI compliance if they are designed to be used more than once and reprocessed before each use. This will enhance the supply chain’s ability to identify and notify consumers of fake goods.

The FDA’s strict guidelines for UDI compliance and serialization deployment in the pharmaceutical, food & beverage, and medical device industries are what ultimately fuel the expansion of the worldwide track and trace solutions market.

Global Track and Trace Solutions Market 2023–2032 (By Product)

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Increase in fake products accelerates market growth

Maintaining product authenticity throughout the world has become more and more dependent on regulatory compliance. Track and trace systems are increasingly being used in a wide range of businesses as a result of the global spread of counterfeit products.

The healthcare industry has the highest chances of fake product supply which makes it a prominent segment of track and trace solutions market. To reduce the risk of product recalls, disease outbreaks, brand tarnishing, and illegal parallel supply chains that encourage illicit logistics and crime, the majority of industrialized nations have already put these measures into place.

A larger deployment of track and trace technology is being made possible by expanding governmental and regulatory measures. In order to track and trace products globally, serialization has long been the most popular method.

Track and Trace Solutions Market: Segmentation Analysis

The track and trace solutions market is segmented into product, technology, and end use. Based on the product, the market for the software segment is estimated to lead the market during the forecast period. In 2021, the software market sector held the biggest market share. The rising quantity of counterfeit medications and associated goods, growing awareness of trademark protection, and expanding awareness of secure packaging are the main factors driving market expansion. Compliance with regulations is another factor that is fostering this market’s expansion.

During the projection period, the standalone platforms category is anticipated to have the greatest CAGR. The strict government regulations for implementing serialization and UDI codes in the pharmaceutical and medical device industries, the mounting pressure on pharmaceutical firms to adopt serialization, and the rising demand for standalone platforms to shorten the timeframe for serialization implementation are primarily to blame for the market’s expansion.

By technology, the 2D barcode segment is anticipated to dominate the market during the forecast period. A significant market share of the 2D barcode technology category may be anticipated to the packaging sector’s growing use of 2D barcodes. Compared to linear barcodes, they can store more data and have more data with less variance in picture size.

By end use, the pharmaceutical companies segment is anticipated to dominate the market during the forecast period. A critical step in addressing the issues facing pharmaceutical firms is the use of serialization, which ensures secure product track and trace capabilities across diverse entities across the supply chain. Currently, track and trace solutions are required by federal and state requirements for pharmaceutical firms, which is driving up demand.

In 2021, there was a significant need for track and trace solutions for the pharmaceutical and biopharmaceutical supply chain, and it is anticipated that this demand will continue to grow during the projection period.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 5.05 Billion
Projected Market Size in 2032 USD 17.22 Billion
Market Size in 2022 USD 3.7 Billion
CAGR Growth Rate 19.7% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product, Technology, End Use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights:

  • Based on product segmentation, the software segment is estimated to hold the largest market share during the forecast period and standalone platforms are expected to grow at the highest CAGR.
  • Based on technology segmentation, the 2D barcode solutions segment is the leading revenue-generating category during the forecast period.
  • Based on end use segmentation, the pharmaceutical companies segment is the leading revenue-generating category during the forecast period.
  • On the basis of geography/region, the North America region was the leading revenue generator in 2021.

Recent Development

  • February 2021: Adents International was purchased by Anatres Vision (Italy) (France). The firm increased its selection of cloud services and software solutions for end-to-end traceability with this purchase. The progression also aided in boosting the Group’s global footprint, particularly in France.
  • October 2020: Bureau Veritas collaborated with OPTEL Group. In addition to the whole supply chain, this alliance intended to introduce V-Trade, a comprehensive guaranteed traceability solution for COVID-19 vaccines.

Global Track and Trace Solutions Market 2023–2032 (By Billion)

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Regional Landscape

Throughout the projection period, North America is expected to continue to be among the most alluring markets and this region is accounted for the majority revenue share in the market. Due to its modern healthcare infrastructure and strictly controlled serialization and aggregation norms, North America had the greatest revenue share in 2021.

The FDA advises pharmaceutical and other healthcare industries to use automatic identifying technology such as barcoding and RFID. Additionally, the market is anticipated to be driven by the U.S.’s adoption of this technology and its highly established healthcare infrastructure.

Competitive Landscape

Our report offers both quantitative and qualitative insights into the WebRTC market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

Global Track and Trace Solutions Market 2023–2032 (By Technology)

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List of the prominent players in the global track and trace solutions market:

  • Axway
  • Mettler-Toledo International, Inc.
  • TraceLink Inc.
  • Adents
  • Antares Vision S.r.l
  • Siemens AG
  • Optel Vision
  • Korber AG
  • ACG Worldwide
  • Markem Imaje a Dover Company
  • Others

The global Track and trace solutions market is segmented as follows:

By Product

  • Software
  • Hardware Components
  • Standalone Platforms

By Technology

  • 2D Barcodes
  • Radiofrequency Identification (RFID)
  • Linear Barcodes

By End Use

  • Pharmaceutical Companies
  • Food Industry
  • Cosmetic Industry
  • Others

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Track and Trace Solutions Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Track and Trace Solutions Market : snapshot
  • Chapter 3. Global Track and Trace Solutions Market – Industry Analysis
    • 3.1 Track and Trace Solutions Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Strict guidelines and prerequisites for the deployment of serialization accelerate the market’s growth
      • 3.2.2 Increase in fake products accelerate market growth.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Technology
      • 3.7.3 Market attractiveness analysis By End Use
  • Chapter 4. Global Track and Trace Solutions Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Track and Trace Solutions Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Track and Trace Solutions Market – Product Analysis
    • 5.1 Global Track and Trace Solutions Market overview: By Product
      • 5.1.1 Global Track and Trace Solutions Market share, By Product, 2022 and – 2033
    • 5.2 Software
      • 5.2.1 Global Track and Trace Solutions Market by Software, 2024 – 2033 (USD Billion)
    • 5.3 Hardware Components
      • 5.3.1 Global Track and Trace Solutions Market by Hardware Components, 2024 – 2033 (USD Billion)
    • 5.4 Standalone Platforms
      • 5.4.1 Global Track and Trace Solutions Market by Standalone Platforms, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Track and Trace Solutions Market – Technology Analysis
    • 6.1 Global Track and Trace Solutions Market overview: By Technology
      • 6.1.1 Global Track and Trace Solutions Market share, By Technology, 2022 and – 2033
    • 6.2 2D Barcodes
      • 6.2.1 Global Track and Trace Solutions Market by 2D Barcodes, 2024 – 2033 (USD Billion)
    • 6.3 Radiofrequency Identification (RFID)
      • 6.3.1 Global Track and Trace Solutions Market by Radiofrequency Identification (RFID), 2024 – 2033 (USD Billion)
    • 6.4 Linear Barcodes
      • 6.4.1 Global Track and Trace Solutions Market by Linear Barcodes, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Track and Trace Solutions Market – End Use Analysis
    • 7.1 Global Track and Trace Solutions Market overview: By End Use
      • 7.1.1 Global Track and Trace Solutions Market share, By End Use, 2022 and – 2033
    • 7.2 Pharmaceutical Companies
      • 7.2.1 Global Track and Trace Solutions Market by Pharmaceutical Companies, 2024 – 2033 (USD Billion)
    • 7.3 Food Industry
      • 7.3.1 Global Track and Trace Solutions Market by Food Industry, 2024 – 2033 (USD Billion)
    • 7.4 Cosmetic Industry
      • 7.4.1 Global Track and Trace Solutions Market by Cosmetic Industry, 2024 – 2033 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Track and Trace Solutions Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Track and Trace Solutions Market – Regional Analysis
    • 8.1 Global Track and Trace Solutions Market Regional Overview
    • 8.2 Global Track and Trace Solutions Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Track and Trace Solutions Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Track and Trace Solutions Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Track and Trace Solutions Market, by Product, 2024 – 2033
      • 8.4.1 North America Track and Trace Solutions Market, by Product, 2024 – 2033 (USD Billion)
    • 8.5 North America Track and Trace Solutions Market, by Technology, 2024 – 2033
      • 8.5.1 North America Track and Trace Solutions Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.6 North America Track and Trace Solutions Market, by End Use, 2024 – 2033
      • 8.6.1 North America Track and Trace Solutions Market, by End Use, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Track and Trace Solutions Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Track and Trace Solutions Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Track and Trace Solutions Market, by Product, 2024 – 2033
      • 8.8.1 Europe Track and Trace Solutions Market, by Product, 2024 – 2033 (USD Billion)
    • 8.9 Europe Track and Trace Solutions Market, by Technology, 2024 – 2033
      • 8.9.1 Europe Track and Trace Solutions Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.10 Europe Track and Trace Solutions Market, by End Use, 2024 – 2033
      • 8.10.1 Europe Track and Trace Solutions Market, by End Use, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Track and Trace Solutions Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Track and Trace Solutions Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Track and Trace Solutions Market, by Product, 2024 – 2033
      • 8.12.1 Asia Pacific Track and Trace Solutions Market, by Product, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Track and Trace Solutions Market, by Technology, 2024 – 2033
      • 8.13.1 Asia Pacific Track and Trace Solutions Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Track and Trace Solutions Market, by End Use, 2024 – 2033
      • 8.14.1 Asia Pacific Track and Trace Solutions Market, by End Use, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Track and Trace Solutions Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Track and Trace Solutions Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Track and Trace Solutions Market, by Product, 2024 – 2033
      • 8.16.1 Latin America Track and Trace Solutions Market, by Product, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Track and Trace Solutions Market, by Technology, 2024 – 2033
      • 8.17.1 Latin America Track and Trace Solutions Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Track and Trace Solutions Market, by End Use, 2024 – 2033
      • 8.18.1 Latin America Track and Trace Solutions Market, by End Use, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Track and Trace Solutions Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Track and Trace Solutions Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Track and Trace Solutions Market, by Product, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Track and Trace Solutions Market, by Product, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Track and Trace Solutions Market, by Technology, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Track and Trace Solutions Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Track and Trace Solutions Market, by End Use, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Track and Trace Solutions Market, by End Use, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Axway
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Mettler-Toledo International
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Markem Imaje a Dover Company
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 TraceLink Inc.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Adents
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Antares Vision S.r.l
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Siemens AG
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Optel Vision
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Korber AG
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 ACG Worldwide
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Axway
  • Mettler-Toledo International, Inc.
  • TraceLink Inc.
  • Adents
  • Antares Vision S.r.l
  • Siemens AG
  • Optel Vision
  • Korber AG
  • ACG Worldwide
  • Markem Imaje a Dover Company
  • Others

FAQs

“North America” region will lead the Global Track and Trace Solutions Market during the forecast period 2023 to 2032.

The key factors driving the Market are Strict guidelines and prerequisites for the deployment of serialization accelerate the market’s growth And Increase in fake products accelerate market growth.

The key players operating in the Track and Trace Solutions Market are Axway, Mettler-Toledo International, Inc., TraceLink Inc., Adents, Antares Vision S.r.l, Siemens AG, Optel Vision, Korber AG, ACG Worldwide, Markem Imaje a Dover Company, Others.

The Global Track and Trace Solutions Market is expanding growth with a CAGR of approximately 19.7% during the forecast period (2023 to 2032).

The Global Track and Trace Solutions Market size was valued at USD 3.7 Billion in 2022 and it is projected to reach around USD 17.22 Billion by 2032.

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