The "Global Track and Trace Solutions Market Analysis to 2025" is a specialized and in-depth study of the RFID and Barcode/2D matrix technology with a focused global market trend. The report aims to provide an overview of global track and trace solutions market with detailed market segmentation by type, technology, application, end user, and geography.
The increasing focus of manufacturers on brand protection, rising growth in the pharmaceutical industries and medical devices and stringent regulations & standards for the implementation of serialization are the few factors which are expected to drive the market for track and trace solutions market. The growing number of manufacturing facilities in developing regions and technological advancements challenges likely to add new opportunities for this market in the forecast period.
Tracking and tracing solutions provides detailed information about cross-border shipments. Tracking solutions are used for monitoring the specific objects or products from across the globe.
The Tracking and tracing solutions comprises label with every commercial unit with a code that includes a serial number, and a tamper-evident seal (if desired) with product. Solutions used for track and trace are vital in the medical devices industry as they provide accurate location of devices at the present and previously.
The global track and trace solutions market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global track and trace solutions market based on component, technology, application and end user.
It also provides market size and forecast till 2025 for overall track and trace solutions market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments.
The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
The key players influencing the market are OPTEL GROUP, TraceLink, Körber Medipak Systems AG, ZIH Corp, Siemens Corporation, Axway, Xyntek Incorporated, ANTARES VISION NORTH AMERICA, Adents, SEA VISION Srl smong others.
North America followed anticipated to account the largest share due to the presence of developed healthcare systems in the US & Canada, followed by Europe. The Asia-Pacific region is anticipated to attain the highest growth in the market due to mandatory regulations and refining healthcare infrastructure for the execution of serialization.
The technological advancements in the packaging industry and increasing attentiveness on anti-counterfeit packaging technologies among manufacturers in the region are expected to driving the global track and trace solutions market.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.