The globalย Track and Trace Solutions Marketย was valued at $2,034.9 million in 2019, and is projected to reach $6,120.8 million by 2027, registering a CAGR of 14.6% from 2020 to 2027. Track and trace solution companies assist pharmaceutical and biotechnology companies, contract manufacturing organizations along with contract packaging organizations and their supply chain partners to adapt to market changes and comply with regulations on drug traceability with the integrated serialization solutions.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐:ย https://www.alliedmarketresearch.com/request-sample/2131
Track and trace solutions refer to a set of technologies and systems that are used to track the movement of products, materials, or assets throughout the supply chain. These solutions typically include hardware such as barcodes, RFID (Radio Frequency Identification), and GPS (Global Positioning System) trackers, as well as software applications that enable real-time visibility and analytics.
The market for track and trace solutions is driven by the growing demand for end-to-end visibility and traceability across supply chains, as well as increasing regulatory requirements for product safety and quality. Track and trace solutions are widely used in industries such as pharmaceuticals, food and beverage, automotive, and logistics, where they are used to improve efficiency, reduce costs, and enhance customer satisfaction.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ)@ https://www.alliedmarketresearch.com/checkout-final/0a0d8770ffd64dd2c3b29e19874b0111
What is the impact of Covid-19 on Track and Trace Solutions Market Globally?
The demand for track and trace solutions increased during the Covid-19 pandemic as healthcare companies and organizations were overwhelmed due to rising number of Covid-19 patients.
Moreover, the demand is expected to rise even after the pandemic as it offers an elegant way to spot counterfeit drugs.
The global track and trace solutions market is segmented on the basis of product type, technology, application, end user, and region. Based on product type, the hardware systems segment held the lionโs share in 2019, accounting for more than half of the market. However, the software solutions segment is expected to register the highest CAGR of 15.3% during the forecast period.
The serialization solutions segment held the largest share in 2019, accounting for nearly three-fifths of the market. Moreover, the segment is estimated to manifest the highest CAGR of 14.9% during the forecast period. The global track and trace solutions market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America dominated the market in 2019, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is projected to portray the highest CAGR of 16.2% during the forecast period.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: https://www.alliedmarketresearch.com/purchase-enquiry/2131
Track and Trace Solutions Market Key Players:
โข METTLER TOLEDO International Inc.
โข Axway Software SA
โข TraceLink Inc.
โข OPTEL GROUP
โข Adents International
โข Siemens AG
โข Seidenader Vision GmbH
โข Zebra Technologies Corporation
โข Robert Bosch GmbH
โข Uhlmann Group
Key Benefits of the Report:
โข The study provides an in-depth analysis of the global track and trace solutions market size along with the current trends and future estimations to elucidate the imminent investment pockets
โข It offers track and trace solutions market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market
โข A comprehensive analysis on region assists to understand the regional market and facilitate the strategic business planning and determine prevailing opportunities
โข The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global track and trace solutions market growth
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