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The global track and trace solutions market is expected to grow at a compound annual growth rate (CAGR) of 15.9% from $3.19 billion in 2021 to $3.69 billion in 2022.The global track and trace solutions market size is expected to grow to $6.47 billion in 2026 at a CAGR of 15%.

Stringent regulations and standards for the implementation of serialisation are expected to propel the growth of the track and trace solutions market going forward.

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The track and trace solutions market consists of sales of track and trace solutions by entities (organizations, sole traders, and partnerships) that are used by the logistics industry to track the vehicle, increase security, reduce insurance costs, and provide alert systems that help in tracking the vehicle in the transition period. A track and trace solution refers to a software-based service to track vehicles, loading units, shipments, or products throughout the entire supply chain, from supplier to consumer.

Global Track And Trace Solutions Market Segments Include:

By Product Type: Hardware Systems, Software Solutions

By Technology: 2D Barcodes, Radiofrequency Identification (RFID), Linear Barcodes

By Application: Serialization, Aggregation, Tracking, Tracing, and Reporting

By End-Use: Pharmaceutical, Biopharmaceutical, Medical Devices, Food and Beverages

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global track and trace solutions market in 2021.

The adoption of radio-frequency identification (RFID) technology is a key trend gaining popularity in the track and trace solution market. Major companies operating in the track and trace system market are adopting RFID technology to strengthen their position in the market.

TBRC’s Track And Trace Solutions Market Report Covers:

Major Market Players: Adents, ACG Worldwide, rfXcel, Laetus GmbH, Grant-Soft Ltd, SL Controls Ltd, Arvato Systems, Syntegon Technology, Körber Medipak Systems AG, and Systech International Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Track And Trace Solutions Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides track and trace solutions market overviews, analyzes and forecasts market size, share, track and trace solutions market players, track and trace solutions market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s track and trace solutions market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Vehicle Tracking Systems Global Market Report 2022

Driver Monitoring Systems Global Market Report 2022

Maritime Safety System Global Market Report 2022

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