North America Track and Trace Solutions Market is Expected to Grow at 10.9%in the Forecast Period of 2020 to 2027

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

North America 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. Market leader is SAP SE which accounts an estimated market share of approximately 10% to 15%, the company has gained outstanding sale through providing track and trace solutions.

For instance,

  • 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.

North America Track and Trace Solutions MarketTrends Impacting the Market  

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

The track and trace solutions market is becoming more competitive with companies such as SAP SE and METTLER TOLEDO 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 North America track and trace solutions market.       

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

North America Track and Trace Solutions Market Developments

  • 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.
  • In May 2020, Zebra Technologies Corp. received medtech breakthrough award for innovation in healthcare workflow efficiency. This recognition received by the company will increase the demand for its product in the market.

Scope of the North America Track and Trace Solutions Market  

North America track and trace solutions market is segmented on the basis of countries into the U.S., Canada, and Mexico.  

  • All country based analysis of North America track and trace solutions market is further analyzed based on further segmentation.    
  • North America track and trace solutions market basis of product, the market is segmented into software components, hardware components and standalone platform. On the basis of solution, the 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 market is segmented into serialization, printing, labeling and packaging inspection, aggregation, tracking, tracing, and reporting. On the basis of technology, the market is segmented into 2D barcodes, radiofrequency identification (RFID), and linear/1D barcodes. On the basis of end user, the 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 market is segmented into direct sales and third party distributors.

To know more about the study https://www.databridgemarketresearch.com/reports/north-america-track-and-trace-solutions-market

Key Pointers Covered in North America 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

  • Adents
  • Uhlmann
  • ANTARES VISION S.p.A.
  • METTLER TOLEDO
  • OPTEL GROUP
  • SEA VISION S.r.l.
  • Xyntek Incorporated
  • Jekson Vision
  • RFXCEL.CORP.
  • PharmaSecure Inc.
  • Systech
  • Zebra Technologies Corp.
  • ACG
  • WIPOTEC-OCS GmbH
  • Domino Printing Sciences plc
  • SL Controls Ltd
  • Arvato Systems
  • Axyway
  • TraceLink
  • Korber AG
  • SAP SE
  • Siemens
  • IBM Corporation
  • 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 companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-track-and-trace-solutions-market

Research Methodology: North America 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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