dublin, January 27, 2023 /PRNewswire/ – “Track And Trace Solutions Global Market Report 2022” Report Added to ResearchAndMarkets.com’s supply.
This report provides strategists, marketers, and senior management with the key information needed to assess the global Track and Trace Solutions market.
The global track and trace solutions market is projected to grow at a compound annual growth rate (CAGR) of 15.9% from $3.19 billion 2021 to $3.69 billion By 2022, the tracking solutions market is projected to grow to $6.47 billion 15% CAGR in 2026.
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The key players in the tracking solutions market are Adents, ACG Worldwide, rfXcel, Laetus GmbH, Grant-Soft Ltd, SL Controls Ltd, Arvato Systems, Syntegon Technology, Korber Medipak Systems AG, and Systech International Inc.
The tracking solutions market includes tracking solutions sold by entities (organizations, sole traders, and partners) that are used by the logistics industry to track vehicles, improve safety, reduce insurance costs, and provide alert systems to aid during tracking transitions Vehicles. Tracking solutions refer to software-based services for tracking vehicles, loading units, goods or products throughout the supply chain from supplier to consumer.
The major product types in the tracking solutions market are hardware systems and software solutions. A hardware system refers to the physical parts or components of a computer or application and is used to track physical components such as desktops, laptops, and servers from purchase to end of life. The various technologies involved include 2D barcodes, radio frequency identification (RFID) and linear barcodes. These applications include serialization, aggregation, tracing, tracing, and reporting. Various end users include pharmaceutical, biopharmaceutical, medical device, food and beverage industries.
North America is the largest region for tracking solutions market in 2021. Asia Pacific It is expected to be the fastest growing region during the forecast period.The regions covered in the Track and Trace Solutions market report are Asia Pacific, Western Europe, Eastern Europe, North America, South AmericaThis middle Eastand Africa.
Stringent regulations and standards implementing serialization are expected to propel the track and trace solutions market forward. Regulatory standards refer to the rules, laws, regulations and advisory opinions of regulatory agencies that apply to the manufacture, marketing and reimbursement of any product. Stringent regulations and standards adopted by the government help to increase capacity and improve the surveillance and investigation of foodborne infections through PulseNet, the Integrated Food Safety Center of Excellence and other programs.
For example, according to the European Commission, the EU’s executive in the UK, the main development related to serialization and traceability in the medical device industry in 2021 is the EU MDR regulation.
The EU MDR is a new set of laws May 26, 2021. Its goal is to improve the safety and performance of medical devices throughout their lifecycle by strengthening regulations and emphasizing market vigilance, which was lacking when the previous MDD (Medical Devices Directive) law was passed in 1992. Hence, stringent regulations and implementation of standard serialization are driving the track and trace solutions market.
Adoption of radio frequency identification (RFID) technology is a key trend gaining popularity in the tracking solutions market. Major players in the track and trace systems market are adopting RFID technology to strengthen their positions in the market.
For example, in September 2020Fresenius Kabi, a GermanyA healthcare company headquartered in the track-and-trace solutions market is integrating RFID tags into the packaging of medications commonly used in operating rooms. The traceability system follows open GS1 global standards and secures drug stocks, adding an additional layer of patient safety.
exist July 2021Cai Ze GermanyBased security printing service provider, acquired track and trace software from Inspection for an undisclosed amount. With this acquisition, Zeisser expands its leading position as a provider of serialization solutions and services for the security printing industry. Document Inspection is a UK-based provider of document inspection and tracking software technology.
The countries covered in the Track and Trace Solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaU.K, United States.
Key topics covered:
2. Market Features of Track And Trace Solutions
3. Track solution market trends and strategies
4. Impact of COVID-19 on tracking solutions
5. Tracking Solution Market Size and Growth
5.1. Global Tracking Solutions Historical Market, 2016-2021, Billion USD
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global Tracking Solutions Forecast Market, 2021-2026F, 2031F, USD Billion
5.2.1. Market drivers
5.2.2. Market restrictions
6. Tracking Solutions Market Segmentation
6.1. Global Track and Trace Solutions Market, Segmentation by Product Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.2. Global Track and Trace Solutions Market, Segmentation by Technology, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
6.3. 2016-2021, 2021-2026F, 2031F, Global Track and Trace Solutions Market, Segmentation by Application, History and Forecast, USD Billion
6.4. Global Track and Trace Solutions Market, 2016-2021, 2021-2026F, 2031F, Segmentation by End Use, History and Forecast, USD Billion
food and drink
7. Tracking Solutions Market Regional and Country Analysis
7.1. Global Track and Trace Solutions Market, By Region, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Track and Trace Solutions Market, By Country, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
For more information on this report, please visit https://www.researchandmarkets.com/r/5bchjd-and-trace?w=5
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