Global Track and Trace Solutions Market 2019: Industry Analysis, Size, Share, Revenue and Forecast to 2023
The Research report on Track and Trace Solutions Market covers key statistics for the upcoming forecast year. This Research Report is a big source for the guidance to business leaders, strategy heads.
The Research Report on Track and Trace Solutions Market contains 246 market data Tables and 37 Figures spread through 256 Pages and in-depth TOC overview, Major Key Players detailed Analysis, market opportunities, market risk, forecast for the next five years, major driving factors for the market as well as detailed analysis for CAGR, scope, research findings, leading key players marketing strategy to acquire major market in the form of revenue.
Stringent regulations and standards for the implementation of serialization, increasing the focus of manufacturers on brand protection, growth in the medical devices and pharmaceutical industries, and a rising number of packaging related product recalls are the major factors driving the growth of the Track and Trace Solutions Market.
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This research report segments this Track and Trace Solutions Market based on software type, technology, application, end users, and regions.
Track and Trace Solutions Market Based on software type;
Based on software type, the market is segmented into plant manager, line controller, enterprise and network manager, bundle tracking, warehouse and shipment manager, case tracking, and pallet tracking software. The plant manager segment accounted for the major share of the track and trace software market.
The large share of this segment can primarily be attributed to the rising need for a secure supply chain of pharmaceutical and medical devices industry along with strict government legislation. The enterprise and network manager segment are expected to register the highest growth during the forecast period.
Track and Trace Solutions Market Based on Application;
On the basis of application, the market is segmented into serialization, aggregation, and tracking, tracing, and reporting solutions. The serialization solutions segment accounted for the major share of the Track and Trace Solutions Market. The large share of this segment is majorly attributed to stringent government regulations for the implementation of serialization across the globe.
The tracking, tracing, & reporting solutions is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to the increasing number of regulations such as DSCSA, UDI, and Medical Device Reporting (MDR) for medical devices and pharmaceutical products.
Track and Trace Solutions Market Based on Technology;
On the basis of technology, the market is segmented into linear barcodes, 2D barcodes, and Radio Frequency Identification (RFID). In 2017, the 2D barcodes segment accounted for the major share of the track and trace technology market. The advantages of 2D barcodes, such as they have higher data storage capacities as well as contain large amounts of data with fewer variations in image size. This is a major factor driving the Track and Trace Solutions Market for 2D barcodes.
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