The global track and trace solutions market is expected to reach US$ 6,049.0 Mn in 2027 from US$ 1,728.3 in 2018. The market is estimated to grow with a CAGR of 15.3% from 2019-2027.
Stringent regulations & criteria for the implementation of serialization, increase in the number of packaging-related product recalls, and rising focus of manufacturers on brand protection. However, the factors such as high cost of products & implementation and shortage of skilled operators are likely to impact the growth of the market in the forecast period. On the other hand, continuous technological advancements is likely to have a positive impact on the growth of the global track and trace solutions market in the coming years. Globally, pharmaceutical companies are considering existing and expected legislation on anti-counterfeiting and traceability of the drugs. In US, the Drug Supply Chain Security Act (DSCSA) started in 2013, the DSCSA defines the requirements for an interoperable, electronic system to identify and trace pharmaceutical products throughout their distribution in the country. As part of the requirements, pharmaceutical products must be marked with a National Drug Code (NDC), serial number, lot number, and expiration date. The entire supply chain is expected to be electronically integrated and all nodes of traceability are to be established by November 2023. Thus, it is expected that the market for the track and trace solutions are likely to propel at a significant during the forecast years.
The track and trace solutions market by component is segmented into hardware and software. In 2018, the software segment held a largest market share of 57.2% of the track and trace solutions market, by component. The software segment is expected to dominate its market share in 2027 owing to the advantages offered such as reduced administration and increased confidence for quality events. Moreover, the software segment is anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027.
Global track and trace solutions market, based on application was segmented into serialization solutions and aggregation solutions. In 2018, the serialization solutions held a largest market share of 60.0% of the track and trace solutions market, by application. The serialization solutions segment is expected to dominate its market share in 2027 owing to the tracking of product throughout the supply chain, and also provides regulatory compliance. Moreover, the serialization solutions segment is anticipated to witness the fastest growth rate of 15.6% during the forecast period, 2019 to 2027.
Some of the major primary and secondary sources for track and trace solutions included in the report are World Health Organization (WHO), National Center for Biotechnology Information (NCBI), Directorate General of Foreign Trade (DGFT), Healthcare Information and Management Systems Society (HIMSS), Food & Drug Administration (FDA), International Standards Organisation (ISO), Electronics Product Code Global Incorporated (EPCglobal), Generic Pharmaceutical Association (GPhA), China Food and Drug Administration (CFDA) and others.
TABLE OF CONTENTS
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global Track and Trace Solutions Market - By Component
1.3.2 Global Track and Trace Solutions Market - By Technology
1.3.3 Global Track and Trace Solutions Market - By Application
1.3.4 Global Track and Trace Solutions Market - By End User
1.3.5 Global Track and Trace Solutions Market - By Geography
2. GLOBAL TRACK AND TRACE SOLUTIONS MARKET - KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
4. GLOBAL TRACK AND TRACE SOLUTIONS- MARKET LANDSCAPE
4.1 OVERVIEW
4.2 PEST ANALYSIS
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South & Central America - PEST Analysis
5. GLOBAL TRACK AND TRACE SOLUTIONS MARKET - KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Stringent Regulations & Criteria for the Implementation of Serialization
5.1.2 Increase in the Number of Packaging-Related Product Recalls
5.1.3 Rising Focus of Manufacturers on Brand Protection
5.2 KEY MARKET RESTRAINTS
5.2.1 High Cost of Products & Implementation
5.2.2 Shortage of Skilled Operators
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Growth in Offshore Pharmaceutical Manufacturing
5.4 FUTURE TRENDS
5.4.1 Continuous Technological Advancements
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TRACK AND TRACE SOLUTIONS MARKET - GLOBAL ANALYSIS
6.1 GLOBAL TRACK AND TRACE SOLUTIONS MARKET REVENUE FORECASTS AND ANALYSIS
6.2 GLOBAL TRACK AND TRACE SOLUTIONS MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS
6.3 PERFORMANCE/ POSITIONING OF KEY PLAYERS
6.3.1 Axway
6.3.2 OPTEL GROUP
6.4 EXPERT OPINIONS
7. TRACK AND TRACE SOLUTIONS MARKET ANALYSIS AND FORECASTS TO 2027 - COMPONENT
7.1 OVERVIEW
7.2 GLOBAL TRACK AND TRACE SOLUTIONS MARKET SHARE BY COMPONENT 2018 & 2027 (%)
7.3 SOFTWARE MARKET
7.3.1 Overview
7.3.2 Software Market Revenue and Forecast to 2027 (US$ Mn)
7.3.3 Plant Manager Market
7.3.3.1 Overview
7.3.3.2 Plant Manager Market Revenue and Forecast to 2027 (US$ Mn)
7.3.4 Line Controller Market
7.3.4.1 Overview
7.3.4.2 Line Controller Market Revenue and Forecast to 2027 (US$ Mn)
7.3.5 Enterprise & Network Manager Market
7.3.5.1 Overview
7.3.5.2 Enterprise & Network Manager Market Revenue and Forecast to 2027 (US$ Mn)
7.3.6 Bundle Tracking Market
7.3.6.1 Overview
7.3.6.2 Bundle Tracking Market Revenue and Forecast to 2027 (US$ Mn)
7.3.7 Case Tracking Market
7.3.7.1 Overview
7.3.7.2 Case Tracking Market Revenue and Forecast to 2027 (US$ Mn)
7.3.8 Pallet Tracking Market
7.3.8.1 Overview
7.3.8.2 Pallet Tracking Market Revenue and Forecast to 2027 (US$ Mn)
7.4 HARDWARE MARKET
7.4.1 Overview
7.4.2 Hardware Market Revenue and Forecast to 2027 (US$ Mn)
7.4.3 Printing & Marking Market
7.4.3.1 Overview
7.4.3.2 Printing & Marking Market Revenue and Forecast to 2027 (US$ Mn)
7.4.4 Barcode Scanners Market
7.4.4.1 Overview
7.4.4.2 Barcode Scanners Market Revenue and Forecast to 2027 (US$ Mn)
7.4.5 Labeling Market
7.4.5.1 Overview
7.4.5.2 Labeling Market Revenue and Forecast to 2027 (US$ Mn)
7.4.6 Checkweigher Market
7.4.6.1 Overview
7.4.6.2 Checkweigher Market Revenue and Forecast to 2027 (US$ Mn)
7.4.7 RFID Readers Market
7.4.7.1 Overview
7.4.7.2 RFID Readers Market Revenue and Forecast to 2027 (US$ Mn)
8. TRACK AND TRACE SOLUTIONS MARKET ANALYSIS AND FORECASTS TO 2027 - TECHNOLOGY
8.1 OVERVIEW
8.2 GLOBAL TRACK AND TRACE SOLUTIONS MARKET SHARE BY TECHNOLOGY 2018 & 2027 (%)
8.3 BARCODES MARKET
8.3.1 Overview
8.3.2 Barcodes Market Revenue and Forecast to 2027 (US$ Mn)
8.4 RFID (RADIO-FREQUENCY IDENTIFICATION) MARKET
8.4.1 Overview
8.4.2 RFID (Radio-Frequency Identification) Market Revenue and Forecast to 2027 (US$ Mn)
9. TRACK AND TRACE SOLUTIONS MARKET ANALYSIS AND FORECASTS TO 2027 - APPLICATION
9.1 OVERVIEW
9.2 GLOBAL TRACK AND TRACE SOLUTIONS MARKET SHARE BY APPLICATION 2018 & 2027 (%)
9.3 SERIALIZATION SOLUTIONS MARKET
9.3.1 Overview
9.3.2 Serialization Solutions Market Revenue and Forecast to 2027 (US$ Mn)
9.3.3 Carton Serialization Market
9.3.3.1 Overview
9.3.3.2 Carton Serialization Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4 Bottle Serialization Market
9.3.4.1 Overview
9.3.4.2 Bottle Serialization Market Revenue Forecasts and Analysis (US$ Mn)
9.3.5 Medical Device Serialization Market
9.3.5.1 Overview
9.3.5.2 Medical Device Serialization Market Revenue Forecasts and Analysis (US$ Mn)
9.3.6 Blister Serialization Market
9.3.6.1 Overview
9.3.6.2 Blister Serialization Market Revenue Forecasts and Analysis (US$ Mn)
Summary: Get latest Market Research Reports on Track and Trace Solutions . Industry analysis & Market Report on Track and Trace Solutions is a syndicated market report, published as Track and Trace Solutions Market to 2027 - Global Analysis and Forecasts by Component (Hardware and Software), Technology (Barcodes and RFID (Radio-Frequency Identification)); Application (Serialization Solutions and Aggregation Solutions); and End User (Pharmaceutical Industry, Medical Devices Industry and Others) and Geography. It is complete Research Study and Industry Analysis of Track and Trace Solutions market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.