Precedence Research recently published a report on “Track and Trace Solutions Market (By Product: Software solutions and Hardware Systems; By Application: Aggregation, Serialization; By Technology: RFID and Barcodes; By End Use: Medical device Companies, Pharmaceutical Companies, Food and Beverage, Healthcare, Consumer Packaged Goods, Luxury Goods and Others) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, the global track and trace solutions market size is projected to reach USD 8.1 billion by 2027 from an estimated USD 2.09 billion in 2019, at a CAGR of 17.98% during the forecast period 2020 – 2027.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates track and trace solutions market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global track and trace solutions market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.
Track and trace technologies allow a product’s status to be taken through the value chain, and to retrospectively recognize and confirm its path. Track and trace solutions are related to logistics and distribution of wide range of products, that enables to discover the present and prior position of the object of interest. The foremost technologies utilized to track the delivery of the products include barcodes and radio-frequency identification. Lately, there is an upsurge in the product recall that caused the development of hardware, software, and consulting systems by the producers of track and trace systems. These products provide extensive range of solutions for tracing products catering to various industries.
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Scope of the Study
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Growth Factors
Some of the prominent influencers of the track and trace solutions market include rigorous standards and regulations for the execution of serialization, growing focus of producers on brand protection, and escalating number of packaging-related product recalls. Additionally, tremendous growth in the OTC and generic markets and developing medical device sector are flourishing the market growth. Augmented numbers of product recalls also impel the growth of track and trace solutions. As per the Food and Drug Administration (FDA), about 200 food connected recalls were revealed in in 2018. Consequently, the acceptance of track and trace solutions has become indispensable in the manufacturing sector regardless of the products being manufactured like medical device food & beverage and pharmaceutical industry.
The severe standards and regulations for the employment of serialization are expected to spur the growth of the global market. Pharmaceuticals, medical device and food & beverage industry are the significant businesses that need execution of these mandates. Numerous end-to-end solutions including ingredients traceability, food & beverage traceability, blockchain enabler, serialization processing, environmental monitoring, finished goods traceability, compliance management are predicted to achieve traction in the market during forecast period.
Report Highlights
Regional Snapshots
In terms of revenue, Europe has emerged as second-largest market for track and trace solutions and expected mirror this trend till 2027. This growth can be credited to the existence of established markets, such as Turkey, Germany, the U.K., Italy and France in the region. The European Union purposes to increasingly execute track and trace solutions in the healthcare supply chain to deal with drug forging and theft. As per the Falsified Medicines Directive, companies failing to obey with drug serialization regulations would not be permitted to market their products in Europe.
North America market is principally fueled by existence of extremely regulated serialization and aggregation principles along with cutting-edge healthcare infrastructure. There are plentiful small and large sellers proposing a plethora of track and trace solutions that makes market competition fiercer in this region. Asia Pacific is estimated to show the high CAGR because of collective pressure to curtail the frequency of forged drugs in emerging Asian nations such as China and India.
Related Reports
Recent developments by some of the market participants:
In 2018, Antares Vision introduced its product, ATSFOUR, an enterprise-level serialization software solution. The new ATSFOUR incorporates the Antares Tracking System architecture and bids a wide-ranging solution which permits the broadest connection competence for any traceability network.
In 2018, RopackPharma Solutions partnered with TraceLink (US) to attain DSCSA compliance for its pharmaceutical customers
In 2017, Antares Vision prolonged its partnership with Xyntek, where Xyntek will endure to sell and service solutions of the Antares Tracking System platform across the U.S.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the track and trace solutions market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the track and trace solutions market include:
Segments Covered in the Report
This research report includes complete assessment of the market with the help of extensive qualitative and quantitative insights, and projections regarding the track and trace solutions market. This report offers breakdown of market into prospective and niche sectors. Further, this research study calculates market revenue and its growth trend at global, regional, and country from 2016 to 2027. This report includes market segmentation and its revenue estimation by classifying it on the basis of various parameters including product type, application, technology, end user, and region as follows:
By Technology
By Product
By Application
End-User
By Regional Outlook
Key Takeaways
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Track And Trace Solutions Market, By Product
7.1. Track And Trace Solutions Market, by Product Type, 2020-2027
7.1.1. Hardware Systems
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Software Solutions
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Track And Trace Solutions Market, By Technology
8.1. Track And Trace Solutions Market, by Technology, 2020-2027
8.1.1. RFID
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Barcode
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Track And Trace Solutions Market, By Application
9.1. Track And Trace Solutions Market, by Application, 2020-2027
9.1.1. Aggregation Solutions
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Serialization Solutions
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Track And Trace Solutions Market, By End-User
10.1. Track And Trace Solutions Market, by End-User, 2020-2027
10.1.1. Medical device Companies
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Pharmaceutical Companies
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Food and Beverage
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Healthcare
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Consumer Packaged Goods
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Luxury Goods
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Track And Trace Solutions Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-User (2016-2027)
Chapter 12. Company Profiles
12.1. Adents International
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Mettler-Toledo International, Inc
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Axway, TraceLink, Inc
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Optel Vision
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. SeidenaderMaschinenbau GmbH
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Others
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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