The track and trace market has the potential to grow by USD 6.41 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.29%.
This track and trace market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by technology (RFID and barcode) and geography (North America, APAC, Europe, South America, and MEA). The track and trace market report also offers information on several market vendors, including Antares Vision SpA, Korber AG, Mettler Toledo, Optel Group, Robert Bosch GmbH, SAP SE, SEA Vision Srl, Syntegon Technology GmbH, TraceLink Inc., and Xyntek Inc. among others.
What will the Track and Trace Market Size be in 2021?
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Track and Trace Market: Key Drivers and Trends
The stringent government regulations for implementing serialization is notably driving the track and trace solutions market growth, although factors such as deployment cost of serialization may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the track and trace industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This track and trace market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Track and Trace Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Antares Vision SpA
- Korber AG
- Mettler Toledo
- Optel Group
- Robert Bosch GmbH
- SAP SE
- SEA Vision Srl
- Syntegon Technology GmbH
- TraceLink Inc.
- Xyntek Inc.
The vendor landscape of the track and trace market entails successful business strategies deployed by the vendors. The track and trace solutions market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the track and trace market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Track and Trace Market?
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30% of the market’s growth will originate from North America during the forecast period. The US is a key market for track and trace in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rise in the adoption of advanced track and trace solutions will facilitate the track and trace market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
What are the Revenue-generating Technology Segments in the Track and Trace Market?
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The track and trace market share growth by the RFID segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the track and trace solutions market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
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Track and Trace Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.29% |
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Market growth 2021-2025 |
$ 6.41 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.96 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 30% |
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Key consumer countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Antares Vision SpA, Korber AG, Mettler Toledo, Optel Group, Robert Bosch GmbH, SAP SE, SEA Vision Srl, Syntegon Technology GmbH, TraceLink Inc., and Xyntek Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Track and Trace Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive track and trace market growth during the next five years
- Precise estimation of the track and trace market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the track and trace solutions industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of track and trace solutions market vendors
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