The global track and trace solutions market attained a value of USD 2.3 billion in 2019. The industry is further expected to grow in the forecast period of 2020-2025 at a CAGR of around 14.5% to reach USD 5.2 billion by 2025. The increased deployment by pharmaceutical and medical devices firms is expected to boost the industry growth.
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Properties and Applications
Track and trace solutions refer to logistics systems in which the product is identified by different unique marking methods, whilst they are distributed over the entire supply chain so that these goods can be monitored by different providers. This process guarantees that all products in the market are linked to a central server that records their unique product code and enables the product to return to its original source.
Based on the product, the market can be divided into hardware systems and software solutions.
Hardware systems can be further divided into:
Software solutions can be further categorised into:
Technology is divided into barcode and RFID.
The market can be broadly categorised based on its applications into serialization solutions and aggregation solutions.
Serialization Solutions are further divided into:
Aggregation solutions are further segmented into:
It finds its end-uses in the following sectors:
The EMR report looks into the regional markets of track and trace solutions like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The different advantages of track and trace solutions, like continuous transparency, packaging, and logistics management and distribution channel product ID verification services are expected to boost the market growth. The increased deployment of companies for pharmaceutical and medical devices is expected to drive the further growth of the market. Drug counterfeiting is an important problem affecting the pharmaceutical companies as well as biopharmaceutical firms. Industries are, therefore implementing these supply chain management technologies. Strict regulations and standards for serialization and aggregation are expected to lead to the growth of the industry. However, due to the high cost and the lack of universal standards and regulations for serialization and aggregation, the market growth might be impeded.
The report presents a detailed analysis of the following key players in the global track and trace solutions market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraints
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Track and Trace Solutions Market Analysis
6.1 Figure: Global Track and Trace Solutions Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Track and Trace Solutions Market Breakup by Product
6.2.1 Hardware Systems
188.8.131.52 Printing and Marking Solutions
184.108.40.206 Monitoring and Verification Solutions
220.127.116.11 Labelling Solutions
18.104.22.168 Other Hardware Systems
6.2.2 Software Solutions
22.214.171.124 Plant Manager Software
126.96.36.199 Line Controller Software
188.8.131.52 Bundle Tracking Software
184.108.40.206 Other Software
6.3 Figure: Solutions Global Track and Trace Solutions Market Breakup by Product: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Hardware Systems
220.127.116.11 Printing and Marking Solutions
18.104.22.168 Monitoring and Verification Solutions
22.214.171.124 Labelling Solutions
126.96.36.199 Other Hardware Systems
6.3.2 Software Solutions
188.8.131.52 Plant Manager Software
184.108.40.206 Line Controller Software
220.127.116.11 Bundle Tracking Software
18.104.22.168 Other Software
6.4 Chart: Global Track and Trace Solutions Market Breakup by Technology
6.5 Figure: Global Track and Trace Solutions Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Chart: Global Track and Trace Solutions Market Breakup by Application
6.6.1 Serialization Solutions
22.214.171.124 Bottle Serialization
126.96.36.199 Label Serialization
188.8.131.52 Carton Serialization
184.108.40.206 Data Matrix Serialization
6.6.2 Aggregation Solutions
220.127.116.11 Bundle Aggregation
18.104.22.168 Case Aggregation
22.214.171.124 Pallet Aggregation
6.7 Figure: Global Track and Trace Solutions Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Serialization Solutions
126.96.36.199 Bottle Serialization
188.8.131.52 Label Serialization
184.108.40.206 Carton Serialization
220.127.116.11 Data Matrix Serialization
6.7.2 Aggregation Solutions
18.104.22.168 Bundle Aggregation
22.214.171.124 Case Aggregation
126.96.36.199 Pallet Aggregation
6.8 Chart: Global Track and Trace Solutions Market Breakup by End Use
6.8.3 Food and Beverage
6.8.4 Consumer Packaged Goods
6.8.5 Luxury Goods
6.9 Figure: Global Track and Trace Solutions Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.3 Food and Beverage
6.9.4 Consumer Packaged Goods
6.9.5 Luxury Goods
6.10 Chart: Global Track and Trace Solutions Market Breakup by Region
6.10.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.11 Figure: Global Track and Trace Solutions Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.11.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 Competitive Landscape & Supplier Analysis
10.1.1 C0ompany Overview
10.1.2 Financial Analysis
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 Antares Vision S.p.A (BIT: AV)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Axway Software SA (EPA: AXW)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Mettler-Toledo International Inc. (NYSE: MTD)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 Rfxcel Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.7 Optel Group
10.7.1 Company Overview
10.7.2 Financial Analysis
10.8 Seidenader Maschinenbau GmbH (Medipak Systems)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.9 Sea Vision SRL
10.9.1 Company Overview
10.9.2 Financial Analysis
11 Events and Developments
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