Global Track and Trace Solutions Market is Expected to grow at 10.5% in the Forecast Period of 2020 to 2027

The track and trace solutions industry will relinquish an approximated estimate at a frequency of 10.5% for the projection space of 2020 to 2027 with factors such as growing popularity of track and trace solutions in multiple industries and rising awareness leading to increased adoption of track and trace solutions across the globe.

However, the high cost associated with track and trace solutions along with the lack of global standard for regulations may obstruct the growth of the track and trace solutions market in the given forecast period.  

Track and Trace Solutions Market Scenario                             

According to Data Bridge Market Research, the market for track and trace solutions in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is SAP SE which accounts an estimated market share of approximately 10% to 15% globally. The company has gained outstanding sale through providing track and trace solutions.

  • In April 2020, SAP SE announced the use of its cloud-based Web application for the automation and speed up contact tracing of COVID-19 cases. This initiative taken by the company in the emergence of COVID-19 will enhance its product demand in the market.

 Track and Trace Solutions Market Trends Impacting the Track and Trace Solutions Market

Now the question is which are the other regions that SAP SE, METLLER TOLEDO and Grant-Soft Ltd. are targeting? Data Bridge Market Research has estimated a large growth in North America track and trace solutions market and the market leaders are targeting the U.S. and Canada to be their next revenue pockets for 2020.

The track and trace solutions market is becoming more competitive with companies such as SAP SE, METLLER TOLEDO and Grant-Soft Ltd. as they are the top dominating companies in track and trace solutions having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global track and trace solutions market.     

For more analysis on the track and trace solutions market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-track-and-trace-solutions-market

Track and Trace Solutions Market Development

  • In June 2020, Zebra Technologies Corp. launched Zebra MotionWorks Proximity which offers proximity sensing with user-level alerting and contact tracing to enable employers to help protect their employees’ health while in the work environment. This new product launch by the company will increase its credibility in the market.

Scope of the Track and Trace Solutions Market

Global track and trace solutions market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa.

  • All country based analysis of global track and trace solutions market is further analyzed based on further segmentation. On the basis of product, the track and trace solutions market is segmented into software components, hardware components and standalone platform. On the basis of solution, the track and trace solutions market is segmented into line & site-level serialization, cloud enterprise-level traceability, distribution and warehouse solution, supply chain data-sharing network and others. On the basis of application, the track and trace solutions market is segmented into serialization, printing, labelling and packaging inspection, aggregation, tracking, tracing, and reporting. On the basis of technology, the track and trace solutions market is segmented into 2D barcodes, radiofrequency identification (RFID), and linear/1D barcodes. On the basis of end user, the track and trace solutions market is segmented into pharmaceutical & biopharmaceutical companies, consumer packaged goods, luxury goods, food and beverage, medical device companies, contract manufacturing organizations, repackagers, cosmetics companies, and others. On the basis of distribution channel, the track and trace solutions market is segmented into direct sales and third party distributors.
  • To know more about the study https://www.databridgemarketresearch.com/reports/global-track-and-trace-solutions-market

Key Pointers Covered in Global Track and Trace Solutions Market Industry Trends and Forecast to 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • SAP SE
  • METTLER TOLEDO
  • Grant-Soft Ltd.
  • Zebra Technologies Corp.
  • Arvato Systems
  • IBM Corporation
  • Axyway
  • TraceLink
  • Körber AG
  • Siemens
  • ANTARES VISION S.p.A.
  • Domino Printing Sciences plc
  • ACG
  • Adents
  • Uhlmann
  • OPTEL GROUP
  • SEA VISION S.r.l.
  • Xyntek Incorporated
  • Jekson Vision
  • RFXCEL.CORP.
  • Laetus GmbH
  • PharmaSecure Inc.
  • Systech
  • WIPOTEC-OCS GmbH
  • Kevision Systems
  • SL Controls Ltd
  • Videojet Technologies, Inc.
  • NJM
  • Robert Bosch Manufacturing Solutions GmbH

Above are the key players covered in the report, to know about more and exhaustive list of track and trace solutions market companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-track-and-trace-solutions-market

Research Methodology: Global Track and Trace Solutions Market 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: CMO, Pharmaceutical Industry, Food and Beverage Industry, Cosmetic Industry, Third Party Suppliers, Academic Professionals and Researchers
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.

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