Global Track and Trace Solutions Market To Reflect Impressive Growth Rate by 2026|Siemens AG,Systech International,Robert Bosch Packaging Technology GmbH,Zebra Technologies Corp,Uhlmann & Others
“According to Data Bridge Market Research, global track and trace solutions market is expected to reach USD 6 billion by 2026, growing with a healthy CAGR during the forecast period of 2019 to 2026”.
The Track and trace solutions market report covers segment data, including type segment, industry segment, channel segment etc. and market size in terms of both volume and value. It examines information about different industries which is very important for the manufacturers. There are four key segments covered in this report namely competitor segment, product type segment, end use/application segment and geography segment. Armed with an experienced, dedicated, and dynamic team of analysts, the report has been presented by providing authoritative and trusted research studies in tune with the latest methodologies and market trends.
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Few of the major competitors currently working in the global track and trace solutions market are Antares Vision; Axway; METTLER TOLEDO; OPTEL GROUP; TraceLink; ACG; Adents; Körber AG; Siemens AG; Systech International; Robert Bosch Packaging Technology GmbH; Zebra Technologies Corp.; Uhlmann; RFXCEL CORP.; Weber Marking Systems GmbH; Marchesini Group S.p.A.; Global Healthcare Exchange, LLC; PharmaSecure Inc. and Zetes among others.
Track and trace solutions market is growing due to increasing prevalence of regulations, rising prevalence of counterfeit medical products and pharmaceuticals; the effects of these factors are mentioned below:
Increasing prevalence of regulations for the implementation of unique identification methods for products from the authorities: The market for track and trace solutions will experience a significant factor behind its growth rate as the volume of regulations present for the implementation of unique identification methods for different products increases rapidly. This is due to the fact that authorities are implementing strict regulations for manufacturers to adopt advanced methods to reduce the incidences of counterfeit products being available in the marketRising prevalence of counterfeit medical products and pharmaceuticals: Another factor that is playing an important role in the demands for implementing track and trace solutions in various businesses’ logistics chain is the availability of counterfeit products especially in medical and pharmaceutical industry. This results in wide amount of losses for the manufacturers along with significant reputation loss
Key Developments in the Market:
In August 2017, TraceLink announced that they had acquired ROC IT Solutions, establishing TraceLink as the leader of data assessment and capturing provider for serialization of products for the pharmaceutical market. This will ensure that the users can exchange the product data from their inventories across the different supply chain network users.In June 2017, TraceLink announced the launch of “Automated Validation Manager (AVM)”. The web-based solution offering is designed to be integrated with TraeLink’s “Life Sciences Cloud” consistently which will restrict the usage of having to do manual validation while this validation cycle will provide complete information with just logging in to the web portal
Increasing prevalence of regulations for the implementation of unique identification methods for products from the authorities are factors driving the growth of the marketIncreasing number of products being recalled by various manufacturers and healthcare companies requiring better inventory management; this factor is expected to drive the growth of the marketIncreasing prevalence of generic and over-the-counter medicine products is also expected to drive the growth of the marketRising prevalence of counterfeit medical products and pharmaceuticals flooding the market
Large financial costs associated with the establishment and operations of these solutions is expected to restrict its complete adoptionIncreasing consumption of resources to implement the components required for the functioning of this solution is expected to hinder the growth of the market
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
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Segmentation: Global Track and Trace Solutions Market
(Software; Hardware Components; Standalone Platforms);
(Serialization; Aggregation; Tracking, Tracing & Reporting);
(RTLS; 2D Barcodes; Radiofrequency Identification (RFID); Linear Barcodes);
(Pharmaceutical & Biotechnology Companies; Medical Device Companies; Cosmetic Industry; Food & Beverages; Consumer Packaged Goods; Luxury Goods; Others);
(North America; Europe; Asia-Pacific; South America; Middle East and Africa)
Why to purchase this report?
Following are the reasons to consider this Track and Trace Solutions report:
This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
The report analyzes various factors which act as drivers and restraints to development the overall Track and Trace Solutions market.
This report not only analyzes present market condition but it likewise estimates how the Track and Trace Solutions market is going to perform for estimated time period of 2019-2026.
It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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