Overview

Track and Trace Solutions Market is estimated to value over USD 4.5 billion by 2027 end and register a CAGR of over 14% during the forecast period 2020 to 2027.

Product-wise, the market is bifurcated into software solutions and hardware solutions. The software solutions segment is further segmented into plant manager, line manager, enterprise & network manager, pallet tracking, bundle tracking, case tracking and warehouse & shipment manager segment. The hardware solutions segment is sub-segmented into printing & marking, standalone platforms, barcode scanners, RFID readers, checkweighers, monitoring & verification and labellers.

The application segment is categorised into aggregation, tracking, tracing & reporting and serialization. Aggregation segment is further categorised into pallet aggregation, bundle aggregation and case aggregation segment.
Technology-wise, the market is categorised into radiofrequency identification (RFID), 2D barcodes and linear barcodes. Depending on the end user, the market is bifurcated into the food and beverage industry, medical device companies, cosmetic industry, pharmaceutical & biopharmaceutical companies and other end-users.

Track and Trace Solutions Market Regional Insight:

European market region is the second-largest market followed by the North American market region due to the presence of multiple developed economies like Germany, U.K, France. The EU aims at implementing track and trace solutions in the healthcare supply chain in order to deal with the issue of drug counterfeiting.

Track and Trace Solutions Market Segmentation:
1. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

2. By Product
• Software Solutions
o Plant Manager
o Line Controller
o Enterprise & Network Manager
o Pallet Tracking
o Bundle Tracking
o Case Tracking
o Warehouse & Shipment Manager

• Hardware Solutions
o Printing & Marking
o Standalone Platforms
o Barcode Scanners
o RFID Readers
o Checkweighers
o Monitoring & Verification
o Labellers

3. By Application
• Aggregation
o Pallet Aggregation
o Bundle Aggregation
o Case Aggregation

• Tracking, Tracing & Reporting
• Serialization

4. By Technology
• Radiofrequency Identification (RFID)
• 2D Barcodes
• Linear Barcodes

5. By End User
• Food and Beverage Industry
• Medical Device Companies
• Cosmetic Industry
• Pharmaceuticals & Biopharmaceutical Companies
• Others

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

Key Market Players:
• Axway
• Mettler-Toledo International Inc.
• Optel Vision
• Seidenader Maschinenbau GmbH
• ACG Worldwide
• Systech Inc.

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the track and trace solutions market by region, by product, by application, by technology, by end user
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions