Track and Trace Solutions Market To Witness Astonishing Growth by 2025

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Track and Trace Solutions Market
Track and Trace Solutions Market to 2027 - Global
Analysis and Forecasts by Component (Hardware and
Software), Technology (Barcodes and RFID
(Radio-Frequency Identification)) Application
(Serialization Solutions and Aggregation
Solutions) and End User (Pharmaceutical
Industry, Medical Devices Industry and Others)
and Geography
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Market Scope
Track and Trace Solutions Market

• The global track and trace solutions market
  accounted to US 1,728.3 Mn in 2018 and is
  expected to grow at a CAGR of 15.3 during the
  forecast period 2019 2027, to account to US
  6,049.0 Mn by 2027.
• The Asia Pacific track and trace solutions market
  is expected to grow at highest rate during the
  forecast period owing to developments in the
  healthcare systems and industries, rise in the
  product innovations in China, rise in programs
  and initiatives in countries. In addition,
  emergence of new local players with competitive
  product portfolio are expected to fuel the market
  growth in Asia Pacific region.

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Market Segments
Track and Trace Solutions Market
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Factors Contributing to Market Growth
Track and Trace Solutions Market

• Stringent Regulations Criteria for the
  Implementation of Serialization
• Rising Focus of Manufacturers on Brand Protection
• The importance of brand protection is not new to
  the industry, customers' increasing access to
  information requires even greater focus by
  companies to protect their brands and work to
  maintain and build customer trust. This customer
  trust is a foundation upon which companies live.
  The damage to the image of brand often occurs
  through product related crime, with sub-standard
  or dangerous counterfeits and/or products that
  have been subject to tampering. Sometimes, these
  events have catastrophic results.

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Track and Trace Solutions Market
Strategic Insights
Strategic acquisition and product launches were
observed as the most adopted strategy in global
track and trace solutions industry. Few of the
recent product launch and acquisitions are listed
below   2019 SEA Vision Group completed the
acquisition of Lixis, provider of pharmaceutical
vision, control and serialization. The
acquisition would help the former company to hold
a stronger position in the LATAM market. 2018
OPTEL acquired GeoTraceability, a provider of
technical solutions to increase the visibility of
suppliers and products in intricate supply
chains. This strategic move has helped OPTEL
expand its traceability offering. 2017 rfxcel
Corporation acquired Frequentz, Inc., a provider
of life science and food traceability. The
acquisition has enabled rfxcel to offer better
serialization and traceability solutions.
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Leading Players
Track and Trace Solutions Market

• OPTEL GROUP
• Axway
• Körber Medipak Systems AG
• ZIH Corp.
• Siemens AG
• TraceLink
• Antares Vision
• RFXCEL CORP.
• SEA VISION S.r.l.
• Adents

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A report titled Track and Trace Solutions Market
- Opportunities and Forecasts, 2019 2027 has
been recently published by The Insight Partners.
The report makes close observations of pipeline
structure for end-to-end market around the world.
It makes an in-depth analysis of current trends,
drivers, and restraining factors that affect
financial ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from stakeholders perspective.

To know more about the Track and Trace Solutions
Market- Opportunities and Forecasts, 2019 2027
report
https//www.theinsightpartners.com/reports/track-a
nd-trace-solutions-market
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