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Track and Trace Solutions Market GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023


Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Š Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Introduction Report Description The report on Global Track and Trace Solutions Market is an in depth analysis of the segments and sub-segments in the track and trace solutions market. The report provides analysis for the global as well as regional markets over the period of 2015 to 2023. According to report the global track and trace solutions market was worth USD 1.45 billion in 2016 and it is expected to reach USD 4.07 billion, growing at a CAGR of 16 % over the forecast period of 2017 - 2023. An anti-counterfeiting solution used in food & beverage and pharmaceutical industry is known as Track and trace system. In track and trace system a unique identification code is printed onto the individual product once the products are packed and ready to move. Track and trace system help to trace the individual products during the supply chain i.e. from production to the end consumer. The pharmaceuticals & medical devices manufacturers come across a major threat from counterfeit products and theft. Various track and trace systems, ranging from basic to complex trace and track systems are offered by different manufacturers worldwide.The trace and trace solution use different technology to trace an individual product that are barcode and RFID. Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically stored information. A barcode (also bar code) is an optical, machinereadable, representation of data. The data typically describes something about the object that carries the barcode. This report estimates the market size of track and trace solutions market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. This market research study provides detailed qualitative and quantitative analysis of the global track and trace solutions market. Š Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of track and trace solutions market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of track and trace solutions market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global track and trace solutions market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. TRACK AND TRACE SOLUTIONS MARKET SEGMENTATION TRACK AND TRACE SOLUTIONS MARKET

products

 Software Solutions  Hardware Systems

Applications

 Serialization Solutions  Aggregation Solutions

End Users

 Medical Device Companies  Pharmaceutical Companies  Others

Region

technology

 Barcode  RFID

   

North America Europe Asia Pacific RoW

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The report on global track and trace solutions market covers Segments such as product, technology, application and end-user. The Product segments include software solutions and hardware systems. On the basis of technology, the global track and trace solutions market is categorized into barcode and RFID. Furthermore, on the basis of application the track and trace solutions market is segmented as serialization solutions and aggregation solutions. On the basis of end-user, the track and trace solutions market is segmented as medical device companies, pharmaceutical companies and others. Research Methodology Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Track and Trace Solutions market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline Primary source of the information and data include  Industry Experts/consultants  Top level executives in the key market players  Subject matter experts  Academicians and research scholars

PRIMARY RESEARCH

Secondary sources of the information and data include  Company annual reports  Government/institutional publications  Trade and associations journals  Databases  Websites and publications by research agencies  Others

SECONDARY RESEARCH

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Research Approaches RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH

Arriving at Global Market Size

 

Accumulation of the country level market size (value) Regional market size of track and trace solutions and its products

Market Share of Key Players

 

Segment revenue of the key players Country level market size by products ,applications, end users and technology (value)

Key Market Players

Identifying key players in the track and trace solutions market

 

Accumulation of the regional/country market size (value) Global market size of products, applications, end users and technology

Arriving at Regional/Country Market Size

RESEARCH APPROACHES- TOP-DOWN Global Market

Market Segments

 

Global market size of track and trace solutions market Value for 2016 to 2023

% breakdown by market segments by products and applications, end users and technology value for 2016 and 2023

 

Determine the Regional Market Size Country Level Market Sizing

 

Regional market size of the track and trace solutions market (value) Regional market size of products, applications, end users and technology

Country level market size of the track and trace solutions market in every region (value) Country level market size of products, applications, end users and technology in every region

TOP-DOWN APPROACH

© Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The study on global track and trace solutions market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global track and trace solutions market. The estimates in the global track and trace solutions market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of track and trace solutions market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the application, product, end user and technology. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES

Infinium's Data Bank/ Know How

 Top executives of end-use industries such as medical device companies, pharmaceutical companies  Intermediaries

 C-level executives in the leading manufacturing products of track and trace solutions.  Product managers  Sales managers  Industry consultants  Distributors/Suppliers

Industry Publications Goverment Agencies' Publications Industry news Data sources Others

      

Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases

Secondary Research

DATA TRIANGULATION & INFORMATION SOURCES

Company Publication

Supply Side

Primary Research

    

General Publications

Demand Side

PRIMARY SOURCES

The market size of track and trace solutions market is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the track and trace solutions market. The primary interview © Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the track and trace solutions market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the track and trace solutions market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of track and trace solutions. With the help of primary interviews and secondary research the market size of track and trace solutions is determined for each country studied, which then is added to arrive at the regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of track and trace solutions in the world market. Executive Summary Global Track and Trace Solutions Market Highlights, (USD Million) The global track and trace solutions market is expected to grow at a CAGR of 16.02 % between 2017 and 2023 in terms of value. In 2016, the size of global track and trace solutions market was valued at USD 1.45 billion and it is projected to reach USD 4.07 billion by 2023. The pharmaceuticals & medical devices manufacturers come across a major threat from counterfeit products and theft. Various track and trace systems, ranging from basic to complex trace and track systems are offered by different manufacturers worldwide.The trace and trace solution use different technology to trace an individual product that are barcode and RFID. Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically stored information. A barcode (also bar code) is an optical, machine-readable, representation of data. The data typically describes something about the object that carries the barcode. The growing attention of pharmaceutical & biopharmaceutical companies on brand protection. The pharmaceuticals & medical devices manufacturers come across a major threat from counterfeit products and theft. The deployment of track and trace solution helps Š Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

manufacturers improve distribution channel efficiency and reduces the frequency of counterfeit products. Additionally, increasing focus on consumer and patient safety, Introduction of advanced technology, and strict guidelines and standards for the enactment of serialization are considered to be the driving factors fueling the growth of track and trace solutions market. Moreover, increasing number of smart phone users is likely to support the growth of this market over the forecast period. However, High costs related with serialization and aggregation are the factors inhibiting the growth of track and trace Solutions market. Furthermore, the global track and trace solutions market is expected to present several opportunities for major players due to manufacturing facilities is increasing in developing region. According to statistics, all over the world about 60 different Pfizer products were counterfeited till 2014. These problems have been intensifying worldwide, typically in developing countries such as China, South Africa, and India. International Trade Administration projected that the global counterfeit drug market size ranges from USD 75 billion to USD 200 billion and accounted for around 50% of all medicines sold in some Asian and African countries.The report provides profiles of the companies in the global track and trace solutions market such as Systech International., ACG Worldwide, Seidenader Maschinenbau GmbH, Siemens AG, Antares Vision srl, Adents International, TraceLink, Inc.,

(USD Million)

Global Track and Trace Solutions market, 2015 – 2023 (USD million)

2016

2017

2018

2019

2020

2021

2022

2023

Value

Š Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Track and Trace Solutions market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow due to increasing focus of manufacturers on brand protection, increasing focus on consumer and patient safety, introduction of advanced technology are considered to be the driving factors fueling the growth of Track and Trace Solutions market. GLOBAL TRACK AND TRACE SOLUTIONS MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023)

xxx.x xxx.x

2017

2023

xxx.x

xxx.x

xxx.x

xxx.x

2017

2023

2017

2023

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. North America accounts for a substantial share of track and trace solution market due to avability of highly controlled serialization & aggregation standards, and advanced healthcare infrastructure.The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in © Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Track and Trace Solutions market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Track and Trace Solutions market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Track and Trace Solutions. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Track and Trace Solutions market both in short run and long run. Drivers of Track and Trace Solutions market, impact analysis SHORT TERM IMPACT

DRIVERS

MID TERM IMPACT

LONG TERM IMPACT

Increasing Focus of Manufacturers on Brand Protection

Increasing focus on Consumer and Patient Safety Introduction of Advanced Technology

HIGH

MEDIUM

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LOW

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

RESTRAINTS OF TRACK AND TRACE SOLUTIONS MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

RESTRAINTS

MID TERM IMPACT

LONG TERM IMPACT

High costs related with serialization and aggregation

HIGH

MEDIUM

LOW

IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Product segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size © Infinium Global Research

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

 Safe Zone: Moderate growth and moderate market size.

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Opportunity Zone

Consolidation Zone

High

Low

Risky Zone

Retention Zone Market Size Low

High North America

Europe

Asia-Pacific

RoW

GLOBAL TRACK AND TRACE SOLUTIONS MARKET BY PRODUCT, 2016 - 2023 (% SHARE) 2016

2023

Software solution

hardware system

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

USD Million

GLOBAL TRACK AND TRACE SOLUTIONS MARKET BY PRODUCT, 2015 - 2023 (USD MILLION)

2015

2016

2017

2018

2019

2020

Software solution

2021

2022

2023

hardware system

USD Million

GLOBAL SOFTWARE SOLUTIONS MARKET BY REGIONS, 2015 - 2023 (USD MILLION)

2015

2016

2017

2018

North America

2019 Europe

2020 Asia-Pacific

2021

2022

2023

Row

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL TRACK AND TRACE SOLUTIONS MARKET BY REGION, 2016 - 2023 (% SHARE) 2016

2023

North America

Europe Asia-Pacific ROW

USD Million

GLOBAL TRACK AND TRACE SOLUTIONS MARKET BY REGION, 2015 - 2023 (USD MILLION)

2015

2016

2017

2018

North America

© Infinium Global Research

2019 Europe

2020 Asia-Pacific

2021

2022

2023

Row

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Track and Trace Solutions Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Company Profiling Systech International Company Snapshot

Systech International. CONTACT DETAILS: Pontbeekstraat 2 1702 Groot-Bijgaarden Belgium Tele: +32 2 467 0330 Website: http://www.systechone.com

KEY FEATURES: No. of Employees: No. of countries of operation:

SWOT ANALYSIS: STRENGHTS  Sample text sample text  Sample text sample text

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PRODUCT PORTFOLIO:  Product 1  Product 2  Product 3

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Track and Trace Solutions Market GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2  

The report on Global Track and Trace Solutions Market is an in depth analysis of the segments and sub-segments in the track and trace soluti...

Track and Trace Solutions Market GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2  

The report on Global Track and Trace Solutions Market is an in depth analysis of the segments and sub-segments in the track and trace soluti...

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