Compliance and Traceability Solutions Market Forecast to Hit USD 9.5 Billion by 2031

According to the report published by Allied Market Research, the global compliance and traceability solutions market generated $2.8 billion in 2021, and is estimated to reach $9.5 billion by 2031, witnessing a CAGR of 13.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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The report offers a detailed segmentation of the global compliance and traceability solutions market based on component, deployment mode, organization size, and industry vertical, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on component, the software segment held the largest share in 2021, accounting for more than two-thirds of the global compliance and traceability solutions market, and would rule the roost through 2031. However, the services segment is estimated to witness the fastest CAGR of 15.3% during the forecast period.

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Based on deployment mode, the on-premise segment held the largest share in 2021, capturing nearly three-fifths of the global compliance and traceability solutions market. However, the cloud segment is estimated to maintain its dominance in terms of revenue and witness the fastest CAGR of 16.1% during the forecast period.

Based on, the on-premise segment held the largest share in 2021, capturing nearly three-fifths of the global compliance and traceability solutions market. However, the cloud segment is estimated to maintain its dominance in terms of revenue and witness the fastest CAGR of 16.1% during the forecast period.

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Based on organization size, the large enterprises segment held the largest share in 2021, capturing two-thirds of the global compliance and traceability solutions market, and would maintain a progressive revenue growth during the forecast period. However, the small and medium-sized enterprises segment is estimated to witness the fastest CAGR of 15.8% during the forecast period. Based on industry vertical, the healthcare segment held the largest share in 2021, capturing over one-fourth of the global compliance and traceability solutions market. However, the IT and telecom segment is estimated to lead in terms of revenue and witness the fastest CAGR of 19.4% during the forecast period.

Based on region, the market in North America was the largest in 2021, accounting for more than one-third of the global compliance and traceability solutions market share. However, the market in the Asia-Pacific region is likely to lead in terms of revenue and exhibit the highest CAGR of 16.1% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA. Leading players of the global compliance and traceability solutions market analyzed in the research include 4CRisk.ai, Agrilyze, Mettler-Toledo, Omron Corporation, Optel Group, SAP SE, Systech International, Tata Consultancy Services, TraceLink, Inc., and Tuleap.

Key Findings of the Study:

  • By component, the software segment led the compliance and traceability solutions analysis in terms of revenue in 2021.
  • By deployment mode, the on-premise segment led the compliance and traceability solutions industry in terms of revenue in 2021.
  • By organization size, the large enterprises segment dominate the compliance and traceability solutions market share in terms of revenue in 2021.
  • By industry vertical, the healthcare segment accounted for the highest compliance and traceability solutions market size in 2021.

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