According to the latest report by IMARC Group, titled “Track and Trace Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global track and trace solutions market grew at a CAGR of around 15% during 2015-2020. Looking forward, IMARC Group expects the global track and trace solutions market to continue its strong growth during the next five years.
Track and trace (T&T) solutions help enterprises in managing their supply chain and mitigating risks associated with counterfeit products. They provide product ID verification services, facilitate hassle-free movement of goods, and assist in the management of packaging and logistics. T&T solutions also save insurance costs and fuel, provide customer services and offer the latest information via emails or SMS alerts. As a result, T&T solutions are utilized in both personal and business spaces for managing and monitoring the supply chain.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global T&T solutions market is primarily driven by the availability of the latest technologies for T&T activities. Barcode technology is extensively adopted as a T&T solution due to its various benefits, including enhanced stock visibility, minimized disparities in cost, and ensured safety and compliance. Similarly, radio-frequency identification (RFID) is also gaining traction as another T&T solution as it utilizes transmitter-receiver systems for contact-free identification and locates individuals and objects using radio waves. Besides this, governments of various nations are providing legislative support to companies dealing with counterfeit activities, which, in turn, is catalyzing the product demand. Several other major factors projected to further propel the market growth include the expanding pharmaceutical and biotechnology industries along with the accelerating demand for aggregation systems and automated serialization in the healthcare industry.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ACG Worldwide
- Antares Vision S.p.A.
- 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
- Zebra Technologies Corporation
The report has segmented the market on the basis of region, product, technology, application and end use industry..
Breakup by Product:
- Printing and Marking Solutions
- Monitoring and Verification Solutions
- Labelling Solutions
- Plant Manager Software
- Line Controller Software
- Bundle Tracking Software
Breakup by Technology:
Breakup by Application:
- Serialization Solutions
- Bottle Serialization
- Label Serialization
- Carton Serialization
- Aggregation Solutions
- Bundle Aggregation
- Case Aggregation
- Pallet Aggregation
Breakup by End Use Industry:
- Medical Device
- Food and Beverages
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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