Track and Trace Solutions Market to Reflect Impressive Growth Rate by 2027

1. Track and Trace Solutions Market 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

2. Track and Trace Solutions Market Market Scope • The global track and trace solutions market accounted to US$ 1,728.3 Mn in 2018 and is expected to grow at a CAGR of 15.3% during the forecast period 2019 – 2027, to account to US$ 6,049.0 Mn by 2027. • The Asia Pacific track and trace solutions market is expected to grow at highest rate during the forecast period owing to developments in the healthcare systems and industries, rise in the product innovations in China, rise in programs and initiatives in countries. In addition, emergence of new local players with competitive product portfolio are expected to fuel the market growth in Asia Pacific region.

3. Track and Trace Solutions Market MarketSegments

4. Track and Trace Solutions Market Factors Contributing to MarketGrowth • Stringent Regulations & Criteria for the Implementation of Serialization • Rising Focus of Manufacturers on Brand Protection • The importance of brand protection is not new to the industry, customers' increasing access to information requires even greater focus by companies to protect their brands and work to maintain and build customer trust. This customer trust is a foundation upon which companies live. The damage to the image of brand often occurs through product related crime, with sub-standard or dangerous counterfeits and/or products that have been subject to tampering. Sometimes, these events have catastrophic results.

5. Track and Trace Solutions Market Strategic Insights Strategic acquisition and product launches were observed as the most adopted strategy in global track and trace solutions industry. Few of the recent product launch and acquisitions are listed below; 2019: SEA Vision Group completed the acquisition of Lixis, provider of pharmaceutical vision, control and serialization. The acquisition would help the former company to hold a stronger position in the LATAM market. 2018: OPTEL acquired GeoTraceability, a provider of technical solutions to increase the visibility of suppliers and products in intricate supply chains. This strategic move has helped OPTEL expand its traceability offering. 2017: rfxcel Corporation acquired Frequentz, Inc., a provider of life science and food traceability. The acquisition has enabled rfxcel to offer better serialization and traceability solutions. For more details, get sample PDF copy: https://www.theinsightpartners.com/sample/TIPHE100000989/

6. Track and Trace Solutions Market LeadingPlayers • OPTEL GROUP • Axway • KörberMedipak Systems AG • ZIH Corp. • Siemens AG • TraceLink • Antares Vision • RFXCEL CORP. • SEA VISION S.r.l. • Adents

7. “ A report titled “Track and Trace Solutions Market - Opportunities and Forecasts, 2019 – 2027 ” has been recently published by The Insight Partners. The report makes close observations of pipeline structure for end-to-end market around the world. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective. ” To know more about the Track and Trace Solutions Market- Opportunities and Forecasts, 2019– 2027report: https://www.theinsightpartners.com/reports/track-and-trace-solutions-market Follow uson ThankYou