Track and Trace Solutions Market

Executive Summary

Track and Trace Solutions Market was valued at US $3.58 billion in 2021 and is projected to grow at 20.19% CAGR over the forecast period to reach US $10.80 billion by 2027. Track and Trace Solutions Market represented US $1.10 billion opportunity over 2019-2021 and estimated to create US $7.22 billion opportunity in 2027 over 2021.

Track and Trace Solutions from Consainsights analyses the Track and Trace Solutions Market in the Technology & Media industry over the forecast period to 2027.

Track and Trace Solutions research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Track and Trace Solutions segmentation includes Product, Application, Technology, End-User, Region and Geography.

Based on the Product, the Track and Trace Solutions analysis covers Software, Hardware Components, Standalone Platforms.

In Product segment, Software segment has highest cagr growth of 17.76%.

Based on the Application, the Track and Trace Solutions analysis covers Serialization Solutions, Aggregation Solutions, Tracking, Tracing & Reporting.

In Application segment, Serialization Solutions segment has highest cagr growth of 17.76%.

Based on the Technology, the Track and Trace Solutions analysis covers Barcodes, Radiofrequency Identification (RFID), Linear Barcodes.

In Technology segment, Barcodes segment has highest cagr growth of 17.76%.

Based on the End-User, the Track and Trace Solutions analysis covers Pharmaceutical & Biopharmaceutical Companies, Food Industry, Medical Device Companies, Cosmetic Industry, Other End-Users.

In End-User segment, Pharmaceutical & Biopharmaceutical Companies segment has highest cagr growth of 17.76%.

Based on the Region, the Track and Trace Solutions analysis covers North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

In Region segment, North America segment has highest cagr growth of 17.76%.

Based on the region, the Track and Trace Solutions analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Key Players, Other Emerging Companies and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Product

Introduction

In 2021, Software segment has the highest revenue of US $2.00 billion and is expected to grow at CAGR of 17.76% by 2027 Software segment has highest cagr growth of 17.76%.

Software

Software segment was valued at US $1.39 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $6.04 billion by 2027. Software segment represented US $0.62 billion opportunity over 2019-2021 and estimated to create US $4.03 billion opportunity in 2027 over 2021.

Hardware Components

Hardware Components segment was valued at US $0.95 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $4.13 billion by 2027. Hardware Components segment represented US $0.42 billion opportunity over 2019-2021 and estimated to create US $2.76 billion opportunity in 2027 over 2021.

Standalone Platforms

Standalone Platforms segment was valued at US $0.15 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $0.64 billion by 2027. Standalone Platforms segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.42 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Aggregation Solutions segment has the highest revenue of US $1.57 billion and is expected to grow at CAGR of 17.76% by 2027 Serialization Solutions segment has highest cagr growth of 17.76%.

Serialization Solutions

Serialization Solutions segment was valued at US $1.09 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $4.73 billion by 2027. Serialization Solutions segment represented US $0.48 billion opportunity over 2019-2021 and estimated to create US $3.16 billion opportunity in 2027 over 2021.

Aggregation Solutions

Aggregation Solutions segment was valued at US $1.09 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $4.75 billion by 2027. Aggregation Solutions segment represented US $0.48 billion opportunity over 2019-2021 and estimated to create US $3.17 billion opportunity in 2027 over 2021.

Tracking, Tracing & Reporting

Tracking, Tracing & Reporting segment was valued at US $0.30 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $1.32 billion by 2027. Tracking, Tracing & Reporting segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.88 billion opportunity in 2027 over 2021.

Technology

Introduction

In 2021, Barcodes segment has the highest revenue of US $1.68 billion and is expected to grow at CAGR of 17.76% by 2027 Barcodes segment has highest cagr growth of 17.76%.

Barcodes

Barcodes segment was valued at US $1.16 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $5.07 billion by 2027. Barcodes segment represented US $0.52 billion opportunity over 2019-2021 and estimated to create US $3.39 billion opportunity in 2027 over 2021.

Radiofrequency Identification (RFID)

Radiofrequency Identification (RFID) segment was valued at US $0.93 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $4.06 billion by 2027. Radiofrequency Identification (RFID) segment represented US $0.41 billion opportunity over 2019-2021 and estimated to create US $2.71 billion opportunity in 2027 over 2021.

Linear Barcodes

Linear Barcodes segment was valued at US $0.38 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $1.67 billion by 2027. Linear Barcodes segment represented US $0.17 billion opportunity over 2019-2021 and estimated to create US $1.11 billion opportunity in 2027 over 2021.

End-User

Introduction

In 2021, Pharmaceutical & Biopharmaceutical Companies segment has the highest revenue of US $1.50 billion and is expected to grow at CAGR of 17.76% by 2027 Pharmaceutical & Biopharmaceutical Companies segment has highest cagr growth of 17.76%.

Pharmaceutical & Biopharmaceutical Companies

Pharmaceutical & Biopharmaceutical Companies segment was valued at US $1.04 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $4.53 billion by 2027. Pharmaceutical & Biopharmaceutical Companies segment represented US $0.46 billion opportunity over 2019-2021 and estimated to create US $3.03 billion opportunity in 2027 over 2021.

Food Industry

Food Industry segment was valued at US $0.72 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $3.12 billion by 2027. Food Industry segment represented US $0.32 billion opportunity over 2019-2021 and estimated to create US $2.09 billion opportunity in 2027 over 2021.

Medical Device Companies

Medical Device Companies segment was valued at US $0.41 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $1.80 billion by 2027. Medical Device Companies segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $1.20 billion opportunity in 2027 over 2021.

Cosmetic Industry

Cosmetic Industry segment was valued at US $0.23 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $1.00 billion by 2027. Cosmetic Industry segment represented US $0.10 billion opportunity over 2019-2021 and estimated to create US $0.67 billion opportunity in 2027 over 2021.

Other End-Users

Other End-Users segment was valued at US $0.08 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $0.35 billion by 2027. Other End-Users segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.23 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, North America segment has the highest revenue of US $1.66 billion and is expected to grow at CAGR of 17.76% by 2027 North America segment has highest cagr growth of 17.76%.

North America

North America segment was valued at US $1.15 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $5.02 billion by 2027. North America segment represented US $0.51 billion opportunity over 2019-2021 and estimated to create US $3.35 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $0.66 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $2.87 billion by 2027. Europe segment represented US $0.29 billion opportunity over 2019-2021 and estimated to create US $1.92 billion opportunity in 2027 over 2021.

Asia-Pacific

Asia-Pacific segment was valued at US $0.39 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $1.70 billion by 2027. Asia-Pacific segment represented US $0.17 billion opportunity over 2019-2021 and estimated to create US $1.13 billion opportunity in 2027 over 2021.

Latin America

Latin America segment was valued at US $0.26 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $1.13 billion by 2027. Latin America segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.75 billion opportunity in 2027 over 2021.

Middle East & Africa

Middle East & Africa segment was valued at US $0.02 billion in 2019 and is projected to grow at 17.76% CAGR over the forecast period to reach US $0.09 billion by 2027. Middle East & Africa segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.06 billion opportunity in 2027 over 2021.