Business

The Worldwide Track & Trace Solutions Industry is Expected to Reach $6+ Billion by 2026

The “Track & Trace Solutions Market Research Report by Function, by Technology, by Product, by End User, by Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The Worldwide Track & Trace Solutions Market size was estimated at USD 2,572.44 million in 2020, is expected to reach USD 2,961.19 million in 2021, and is projected to grow at a CAGR of 15.58% to reach USD 6,132.68 million by 2026.

Market Statistics:

The report provides market sizing and forecast across five major currencies – USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Track & Trace Solutions to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Function, the market was studied across Aggregation Solutions and Serialization Solutions. The Aggregation Solutions is further studied across Bundle Aggregation, Case Aggregation, and Pallet Aggregation. The Serialization Solutions is further studied across Bottle Serialization, Carton Serialization, Data Matrix Serialization, and Label Serialization. Based on Technology, the market was studied across Barcode and RFID. Based on Product, the market was studied across Hardware, Services, and Software. The Hardware is further studied across Labeling Solutions, Monitoring & Verification Solutions, and Printing & Marking Solutions. The Services is further studied across Installation and Training & Maintenance. The Software is further studied across Bundle Tracking Software, Line Controller Software, and Plant Manager Software. Based on End User, the market was studied across Consumer Packaged Goods, Cosmetic Industry, Food & Beverage, Medical Device Companies, and Pharmaceutical & Biopharmaceutical Companies. Based on Region, the market was studied across the Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Track & Trace Solutions Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Track & Trace Solutions Market, including ACG Group, Adents International, Antares Vision S.p.A., Axway Software, Domino Printing Sciences PLC, Grant-Soft Ltd., International Business Machines Corporation, Jekson Vision, Kevision Systems, Korber AG, Laetus GmbH, Mettler-Toledo International Inc., Optel Group, Robert Bosch GmbH, SAP SE, SEA Vision Group, Siemens AG, SL Controls Ltd., Systech International, TraceLink, Inc., Uhlmann Group, and Zebra Technologies Corporation.

This article was shared with Prittle Prattle News as a Press Release by PRNewswire.

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