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Global Track and trace solution Market to reach USD 8.45 Billion by 2027.

Global Track and trace solution Market Size study, by Product Type (Hardware systems and software solutions), by Technology (barcodes, RFID), by Application (Textile, Home Furnishing, Automotive, Filtration, Construction, Others), and Regional Forecasts 2021-2027

Product Code: ICTEITS-83388507
Publish Date: 17-07-2021
Page: 200

Global track and trace solution Market is valued approximately at USD 2.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.0% over the forecast period 2021-2027. Track and trace solution is a type of solution which helps in identifying the weak links associated with the supply chain and authenticate individual product. The global Track and trace solution solutions market is being driven by growing favorable regulations for serialization implementation and rise in adoption of advanced Track and trace solution solutions. Furthermore, technological advancement in Track and trace solution will provide new opportunities for the global Track and trace solution industries. For instance, in year 2019, The European Federation of Pharmaceutical Industries and Associations recommends a common coding system 2001/83/EC directive for the increasing threat of counterfeit drugs and to specify drug serialization requirements. The European Union has also established Falsified Medicines Directive Safety Features Delegated Regulation. Additionally, according to a data published by Makro Care organization, in 2018, more than 40 countries and above 75% of global pharmaceutical drugs supply were covered under one or other serialization Track and trace solution regulations. As a result, various favorable regulations for serialization implementation will serve as a catalyst for the polyester staple fiber industry in the future. However, High cost associated with implementation of serialization, may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global Track and trace solution The presence of developed healthcare systems in the US & Canada; the presence of many pharmaceutical & biotechnology companies and medical device manufacturers makes North America is the leading region across the world in terms of market share. Whereas Asia pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2021-2027, due to Growing regulatory requirements in the healthcare industry to comply with manufacturing and distribution practices in the region.
Major market player included in this report are:

Axway
Mettler-Toledo International, Inc.
Optel Vision
TraceLink, Inc.
Adents International
Antares Vision srl
Siemens AG
Seidenader Maschinenbau GmbH
ACG Worldwide
Systech, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Hardware systems
Software solutions
By Technology:
Barcodes
RFID
By Application:
Textile
Home Furnishing
Automotive
Filtration
Construction
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Track and trace Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Track and trace solution Market , by Region, 2019-2027 (USD Billion)
1.2.2. Track and trace solution Market , by Product Type, 2019-2027 (USD Billion)
1.2.3. Track and trace solution Market , by Technology , 2019-2027 (USD Billion)
1.2.4. Track and trace solution Market , by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Track and trace solution Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Track and trace solution Market Dynamics
3.1. Track and trace solution Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Favourable regulations for serialization implementation
3.1.1.2. Rise in adoption of advanced track and trace solutions
3.1.2. Market Restraint
3.1.2.1. High cost associated with implementation of serialization
3.1.3. Market Opportunities
3.1.3.1. Technological advancement in track and trace solutions
Chapter 4. Global Track and trace solution Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Track and trace solution Market, by Product Type
5.1. Market Snapshot
5.2. Global Track and trace solution Market by Product Type, Performance – Potential Analysis
5.3. Global Track and trace solution Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
5.4. Track and trace solution Market , Sub Segment Analysis
5.4.1. Hardware systems
5.4.2. Software solutions
Chapter 6. Global Track and trace solution Market , by Technology
a. Market Snapshot
6.1. Global Track and trace solution Market by Technology, Performance – Potential Analysis
6.2. Global Track and trace solution Market Estimates & Forecasts by Technology 2018-2027 (USD Billion)
6.3. Track and trace solution Market , Sub Segment Analysis
6.3.1. Barcodes
6.3.2. RFID
Chapter 7. Global Track and trace solution Market , by Application
b. Market Snapshot
7.1. Global Track and trace solution Market by Application, Performance – Potential Analysis
7.2. Global Track and trace solution Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. Track and trace solution Market , Sub Segment Analysis
7.3.1. Serialization solutions
7.3.2. Aggregation solutions
Chapter 8. Global Track and trace solution Market , Regional Analysis
8.1. Track and trace solution Market , Regional Market Snapshot
8.2. North America Track and trace solution Market
8.2.1. U.S. Track and trace solution Market
8.2.1.1. Product Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. Technology breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Track and trace solution Market
8.3. Europe Track and trace solution Market Snapshot
8.3.1. U.K. Track and trace solution Market
8.3.2. Germany Track and trace solution Market
8.3.3. France Track and trace solution Market
8.3.4. Spain Track and trace solution Market
8.3.5. Italy Track and trace solution Market
8.3.6. Rest of Europe Track and trace solution Market
8.4. Asia-Pacific Track and trace solution Market Snapshot
8.4.1. China Track and trace solution Market
8.4.2. India Track and trace solution Market
8.4.3. Japan Track and trace solution Market
8.4.4. Australia Track and trace solution Market
8.4.5. South Korea Track and trace solution Market
8.4.6. Rest of Asia Pacific Track and trace solution Market
8.5. Latin America Track and trace solution Market Snapshot
8.5.1. Brazil Track and trace solution Market
8.5.2. Mexico Track and trace solution Market
8.6. Rest of The World Track and trace solution Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Axway
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Mettler-Toledo International, Inc.
9.2.3. Optel Vision
9.2.4. TraceLink, Inc.
9.2.5. Adents International
9.2.6. Antares Vision srl
9.2.7. Siemens AG
9.2.8. Seidenader Maschinenbau GmbH
9.2.9. ACG Worldwide
9.2.10. Systech, Inc.

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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