Track And Trace Solutions Market 2022 Development Trends

In significant increase in production outputs of manufacturing and distribution units across various industrial sectors, there has been a rising need to manage the flow of inventory throughout the distribution channel in order to streamline the distribution process and avoid the cost incurred due to mismanagement of the inventory. With significant advancements in information technology, more sophisticated and comprehensive track and trace solutions are making their way to the market offering unprecedented control to the manufacturers.

Some of the key advantages derived from Track And Trace Solutions include, more efficient processes across the delivery chain, fewer missing package requests and better troubleshooting as a result of delivery logs and manifests offered by such advanced solutions. The demand for advanced track and trace solutions has increased significantly in order to enhance efficiency in the channel, reduce the frequency of counterfeit products and thefts and to ensure compliance. Pharmaceutical companies are facing challenges such as changing regulatory environments, severe competition and prevalence of counterfeit drugs in the market. Using RFID trackers to track and trace their inventory, companies can monitor the flow of their products throughout the channel.

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The Global Track And Trace Solutions Market is majorly driven by factors such as increasing focus on supply chain monitoring due to increased production volumes across different sectors and increasing adoption of track and trace solutions by medical devices and pharmaceutical companies to counter the problem of drug counterfeiting for brand protection. The advantages of product ID verification, continuous transparency and packaging & logistics management in distribution channels are also expected to majorly contribute to the market growth during the forecast period. However, high cost related to serialization and aggregation can hinder the growth of the global market during the forecast period.

Major Market Players

 Axway Inc.
 OPTEL GROUP
 Adents International
 Systec & Services GmbH
 METTLER TOLEDO
 ANTARES VISION S.r.l.
 TraceLink, Inc.
 Sea Vision S.r.l.
 Körber Medipak Systems GmbH
 Siemens AG, Cognizant Technology Solutions
 ACG Worldwide.

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Track and Trace Solutions Market Segmentation:

By Type:
• Software Solutions
o Line Controllers
o Warehouse and Shipment Managers
o Plant Managers
o Bundle Tracking Solutions
o Case Tracking Solutions
• Hardware Systems
o Labeling Solutions
o Printing and Marking Solutions
o Checkweighers
o Monitoring and Verification Solutions
o Barcode Scanners
o RFID Readers
By Technology:
• 2D Barcodes
• Linear barcodes
• RFID
By Application:
• Aggregation Solutions
o Case Aggregation
o Bundle Aggregation
o Pallet Aggregation
• Serialization Solutions
o Label Serialization
o Bottle Serialization
o DataMatrix Serialization
o Carton Serialization
By End User:
• Cosmetic Industry
• Medical Device Companies
• Pharmaceutical & Biopharmaceutical Companies
• Other End Users
By Region:
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others

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