Market Overview:
The global track and trace solutions market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for track and trace solutions from pharmaceutical & biopharmaceutical companies, medical device companies, cosmetic industry, and others. Additionally, the growing need for compliance with government regulations is also driving the growth of this market.
Product Definition:
Track and Trace Solutions is a system that enables the tracing of items or objects from point of origin to their final destination. The importance of Track and Trace Solutions is that it helps ensure the safety and security of goods by providing a means to track their movement throughout the supply chain.
Hardware Systems:
Hardware systems are the combination of software and specialized electronic equipment. The growth factor in track and trace solutions market is due to increasing demand for efficient monitoring, growing need for automation in supply chain management, rising government regulations coupled with high quality standards expected to drive the market over the forecast period.
The hardware system has a wide range of applications such as transportation & logistics, manufacturing industries, energy utilities among others which are analyzed later on in this article.
Software Solution:
Software solution is a collection of tools and techniques which are used to track down or identify the source of any fault in any system. It comprises different software packages such as process tracking software, network tracing solutions, performance monitoring solutions and others. The primary function performed by these solutions is to monitor the behavior of an application throughout its life cycle from development stage to maintenance stage.
Application Insights:
The pharmaceutical and biopharmaceutical companies application segment accounted for the largest market share in 2017. The pharmaceutical industry is one of the leading users of track and trace solutions as it is essential for maintaining regulatory compliance. As per the 2016 World Drug Report, published by UNODC, an estimated 1.5 million people died due to drug-related causes globally. Thus, implementation of a robust track and trace solution in this sector helps not only maintain regulatory compliance but also boosts operational efficiency across all stages of product life cycle (preparation, filling & capping, distribution) thereby driving demand across this segment over the forecast period.
Medical device companies are increasingly realising the importance of implementing a suitable tracking system to ensure full transparency throughout each stage of product development & supply chain management lifecycle which includes preparation/production phase till disposal/disposal advice given by healthcare professionals at end-of-life care facilities or patient homes where medical devices are used final destination (home).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government initiatives, rising adoption of e-commerce, and growing demand for tracking solutions from consumers as well as regulatory bodies.
Asia Pacific (APAC) is anticipated to witness exponential growth over the next eight years owing to untapped opportunities, improving healthcare infrastructure along with rapidly growing pharmaceutical & biopharmaceutical industries across countries such as China & India.
Growth Factors:
- Increasing demand for track and trace solutions from the pharmaceutical and healthcare industries to improve patient safety and product quality.
- The increasing adoption of RFID technology for track and trace applications in various industries.
- The growing need for supply chain transparency across global value chains.
- The increasing number of compliance regulations mandating the use of track and trace solutions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Track and Trace Solutions Market Research Report
By Type
Hardware Systems, Software Solution, Track and Trace Solution
By Application
Pharmaceutical & Biopharmaceutical Companies, Medical Device Companies, Cosmetic Industry, Others
By Companies
Axway Inc, Adents Internationa, Optel Vision, Mettler-Toledo International, Systech, TraceLink, Antares Vision, Xyntek, Sea Vision Srl, Siemens AG, Seidenader Maschinenbau GmbH, ACG Worldwide, Track and Trace Solution
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Track and Trace Solutions Market Report Segments:
The global Track and Trace Solutions market is segmented on the basis of:
Types
Hardware Systems, Software Solution, Track and Trace Solution
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical & Biopharmaceutical Companies, Medical Device Companies, Cosmetic Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Axway Inc
- Adents Internationa
- Optel Vision
- Mettler-Toledo International
- Systech
- TraceLink
- Antares Vision
- Xyntek
- Sea Vision Srl
- Siemens AG
- Seidenader Maschinenbau GmbH
- ACG Worldwide
- Track and Trace Solution
Highlights of The Track and Trace Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware Systems
- Software Solution
- Track and Trace Solution
- By Application:
- Pharmaceutical & Biopharmaceutical Companies
- Medical Device Companies
- Cosmetic Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Track and Trace Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Track and Trace Solutions is a global provider of supply chain management (SCM) solutions. The company's products include automated tracking and tracing, product identification, and shipment visibility tools. Track and Trace Solutions' SCM solutions help companies manage their inventory, improve order fulfillment, reduce waste, and protect their intellectual property.
Some of the major companies in the track and trace solutions market are Axway Inc, Adents Internationa, Optel Vision, Mettler-Toledo International, Systech, TraceLink, Antares Vision, Xyntek, Sea Vision Srl, Siemens AG, Seidenader Maschinenbau GmbH, ACG Worldwide, Track and Trace Solution.
The track and trace solutions market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Track and Trace Solutions Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Track and Trace Solutions Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Track and Trace Solutions Market - Supply Chain
4.5. Global Track and Trace Solutions Market Forecast
4.5.1. Track and Trace Solutions Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Track and Trace Solutions Market Size (000 Units) and Y-o-Y Growth
4.5.3. Track and Trace Solutions Market Absolute $ Opportunity
5. Global Track and Trace Solutions Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Track and Trace Solutions Market Size and Volume Forecast by Type
5.3.1. Hardware Systems
5.3.2. Software Solution
5.3.3. Track and Trace Solution
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Track and Trace Solutions Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Track and Trace Solutions Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical & Biopharmaceutical Companies
6.3.2. Medical Device Companies
6.3.3. Cosmetic Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Track and Trace Solutions Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Track and Trace Solutions Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Track and Trace Solutions Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Track and Trace Solutions Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Track and Trace Solutions Demand Share Forecast, 2019-2026
9. North America Track and Trace Solutions Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Track and Trace Solutions Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Track and Trace Solutions Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical & Biopharmaceutical Companies
9.4.2. Medical Device Companies
9.4.3. Cosmetic Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Track and Trace Solutions Market Size and Volume Forecast by Type
9.7.1. Hardware Systems
9.7.2. Software Solution
9.7.3. Track and Trace Solution
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Track and Trace Solutions Demand Share Forecast, 2019-2026
10. Latin America Track and Trace Solutions Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Track and Trace Solutions Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Track and Trace Solutions Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical & Biopharmaceutical Companies
10.4.2. Medical Device Companies
10.4.3. Cosmetic Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Track and Trace Solutions Market Size and Volume Forecast by Type
10.7.1. Hardware Systems
10.7.2. Software Solution
10.7.3. Track and Trace Solution
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Track and Trace Solutions Demand Share Forecast, 2019-2026
11. Europe Track and Trace Solutions Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Track and Trace Solutions Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Track and Trace Solutions Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical & Biopharmaceutical Companies
11.4.2. Medical Device Companies
11.4.3. Cosmetic Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Track and Trace Solutions Market Size and Volume Forecast by Type
11.7.1. Hardware Systems
11.7.2. Software Solution
11.73. Track and Trace Solution
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Track and Trace Solutions Demand Share, 2019-2026
12. Asia Pacific Track and Trace Solutions Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Track and Trace Solutions Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Track and Trace Solutions Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical & Biopharmaceutical Companies
12.4.2. Medical Device Companies
12.4.3. Cosmetic Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Track and Trace Solutions Market Size and Volume Forecast by Type
12.7.1. Hardware Systems
12.7.2. Software Solution
12.7.3. Track and Trace Solution
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Track and Trace Solutions Demand Share, 2019-2026
13. Middle East & Africa Track and Trace Solutions Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Track and Trace Solutions Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Track and Trace Solutions Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical & Biopharmaceutical Companies
13.4.2. Medical Device Companies
13.4.3. Cosmetic Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Track and Trace Solutions Market Size and Volume Forecast by Type
13.7.1. Hardware Systems
13.7.2. Software Solution
13.7.3. Track and Trace Solution
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Track and Trace Solutions Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Track and Trace Solutions Market: Market Share Analysis
14.2. Track and Trace Solutions Distributors and Customers
14.3. Track and Trace Solutions Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Axway Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Adents Internationa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Optel Vision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mettler-Toledo International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Systech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TraceLink
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Antares Vision
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xyntek
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sea Vision Srl
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Siemens AG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Seidenader Maschinenbau GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ACG Worldwide
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Track and Trace Solution
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
