Global Track and Trace Solutions Market is expected to grow with the CAGR of 10.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global track and trace solutions market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.    

The major players dealing in global track and trace solutions market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in April 2020, Domino Printing Sciences plc launched UV97BK food packaging compliant black Ink for K600i digital ink jet printer. This new product launched by the company will increase its demand in the market leading to the increased sales in the revenue of the company in the future.

SAP SE is the dominating player in global track and trace solutions market. The other key players existing in the track and trace solutions market includes Adents, Uhlmann, ANTARES VISION S.p.A., METTLER TOLEDO, OPTEL GROUP, SEA VISION S.r.l., Xyntek Incorporated, Jekson Vision, RFXCEL. CORP., Laetus GmbH, Grant-Soft Ltd., PharmaSecure Inc., Systech, Zebra Technologies Corp., ACG, WIPOTEC-OCS GmbH, Domino Printing Sciences plc, Kevision Systems, SL Controls Ltd, Arvato Systems, Axyway, TraceLink, Körber AG, Siemens, IBM Corporation, Videojet Technologies, Inc., NJM, and Robert Bosch Manufacturing Solutions GmbH among others.

SAP SE

SAP SE is headquartered in Walldorf, Germany and was founded in 1972. The company focuses on providing enterprise software in order to maintain the business operations. The company is providing products under categories such as ERP and finance, CRM and customer experience, network and spend management, digital supply chain, HR and people engagement and business technology platform among which digital supply chain is the market focused category. The company is engaged in continuous development of 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.

The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, North America and South America. The company has various subsidiaries such as SAP Deutschland SE & Co. KG. Walldorf (Germany), LLL SAP CIS, Moscow (Russia), SAP France, Levallois Perret (France), Ariba, Inc., Palo Alto (U.S.) and SAP China Co., Ltd. (China) among more.

METTLER TOLEDO

METLLER TOLEDO is headquartered in Ohio, U.S. and was incorporated in 1991. The company is manufacturer and marketer of precision instruments for the use in laboratory, industrial and food retailing applications. The company has multiple business segments such as laboratory, industrial and retail in which industrial is the market focused segment. The company is providing products under categories such as laboratory weighing, industrial scales and local cell systems, product inspection, pipettes, process analytics, truck scales/ weighbridges and dimensioning, analytical instruments, automated reactors and in situ analysis and retail weighing scales among which product inspection is the market focused category. The company is engaged in continuous development of track and trace solutions.   

For instance,

• In May 2019, METTLER TOLEDO opened its new product inspection test centre for European food and pharmaceutical processors at Barcelona. This new test centre opened by the company has increases its credibility in the market leading to increased demand and sales of its product in future.

The company has wide presence across Europe, North America, South America, Asia-Pacific and Middle East and Africa. The company also has various subsidiary companies such as Mettler-Toledo Limited (Australia), Mettler-Toledo Finance Ltd (Bermuda), Mettler-Toledo EPEC SAS (France), Garvens Automation GmbH (Germany) and Mettler-Toledo (HK) Ltd. (Hong Kong) among more.

Grant-Soft Ltd.:

Grant-Soft Ltd. is headquartered in Istanbul, Turkey and was established in 2003. The company is engaged in providing the solutions to increase the activity of information technologies thereby providing end-to-end track and traceability solutions to multiple industries. The company is engaged in providing products under categories such as solutions, services and software among which software is the market focused category.

The company has its presence in Istanbul.