What is the estimated value of the global Track and Trace Solutions Market?

The global market for Track and Trace Solutions was estimated to be valued at US$ XX Mn in 2021. Read More

What is the expected growth rate of the global Track and Trace Solutions Market during the forecast period?

The global Track and Trace Solutions Market is estimated to grow at a CAGR of XX% by 2028. Read More

What are the key industry segments covered in the report?

The global Track and Trace Solutions Market is segmented on the basis of Product Type. Read More

On the basis of region, how is the global Track and Trace Solutions Market segmented?

Based on region, the global Track and Trace Solutions Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Read More

Who are the key players competing in the global Track and Trace Solutions Market?

The key players operating in the global Track and Trace Solutions Market are METTLER TOLEDO International Inc., Axway Software SA, TraceLink Inc., OPTEL GROUP, Adents International, Siemens AG, Seidenader Vision GmbH, Zebra Technologies Corporation, Robert Bosch GmbH, Uhlmann Group, List of other players in the value chain (profiles not included in the report):, ANTARES VISION S.p.A., SEA VISION S.r.l., Korber AG, ACG Worldwide, rfxcel Corporation. Read More

Global Track and Trace Solutions Market Size, Share, Growth Analysis, By End User (Pharmaceutical Companies, Consumer Packaged Goods), By Technology (Barcode, RFID), By Component (Hardware, Software), By Region -Industry Forecast 2025-2032

Report ID: SQMIG45B2176 | Region: Global | Published Date: December, 2024
Pages: 187 | Tables: 118 | Figures: 67

Track and Trace Solutions Market News

In June 2024, Dialog Axiata, a leading telecommunications company from Sri Lanka announced the launch of a new 4G tracking solution for vehicle fleet monitoring. The new solution uses a 4G network to provide data-based monitoring features.

In November 2024, Carrier Transicold and Net Feasa, an innovator in digital supply chain solutions collaborated to launch a new dry container telematics system for asset monitoring. IoTPASS is bringing Carrier’s expertise in refrigerated container tracking to dry containers as well.

In July 2022, Authena, a new company from Switzerland focused on product authentication announced the launch of its new tracking solution for supply chains at the CES 2022 event. Authena L1VE tracking solution uses customizable tags on a blockchain network to improve tracking and visibility.

Track and Trace Solutions Market Report Snapshots

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Global Track and Trace Solutions Market size was valued at USD 3.5 Billion in 2022 and is poised to grow from USD 4.18 Billion in 2023 to USD 17.13 Billion by 2031, growing at a CAGR of 19.3% in the forecast period (2024-2031).

Track and trace solution companies should focus on expanding their business scope across multiple industry verticals in the future. Integration of advanced connectivity technologies to improve the scope of track and trace solutions is also expected to present new opportunities for companies. The healthcare industry is estimated to emerge as the most opportune industry vertical for track and trace solution providers in the long run. 'Axway', 'Mettler-Toledo International, Inc.', 'Optel Vision', 'TraceLink, Inc.', 'Adents', 'Antares Vision S.r.l', 'Siemens AG', 'Korber AG', 'ACG Worldwide', 'Markem Imaje, a Dover Company'

Use of track and trace solutions allows companies and regulatory bodies to track the product lifecycle and ensure its authenticity as counterfeiting becomes a real issue. This not only enhanced brand security but also improves consumer safety by safeguarding them from counterfeit products that could be harmful for use.

Integration of Blockchain Technology: Track and trace solution providers should focus on integrating blockchain technology with their offerings to maximize their business scope in the long run. Improved supply chain visibility, combats counterfeiting, and ensure data integrity are some key benefits offered by blockchain technology for track and trace solutions.

North America is forecasted to emerge as the leader in terms of global real-time location system demand outlook. The presence of stringent serialization and aggregation standards for the healthcare industry in this region supports the dominance of this region going forward. Quick adoption of advanced tracking and tracing technologies and increasing demand for tracking across multiple industry verticals are also cementing the dominance of the North American region. Canada and the United States are slated to be the most opportune markets for track and trace solutions providers operating in this region.

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Global Track and Trace Solutions Market Size, Share, Growth Analysis, By End User (Pharmaceutical Companies, Consumer Packaged Goods), By Technology (Barcode, RFID), By Component (Hardware, Software), By Region -Industry Forecast 2025-2032

Track and Trace Solutions Market News

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