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Track And Trace Solutions Market Size Worth $9.7 Billion By 2028: Grand View Research, Inc.

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SAN FRANCISCO, May 17, 2021 /PRNewswire/ The global track and trace solutions market size is expected
to reach USD 9.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected
to expand at a CAGR of 19.0% from 2021 to 2028. The growth is attributed majorly due to the increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection from counterfeit products and theft. The deployment of a track and trace system helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.
Key suggestions from the report:
The software solution was the largest revenue-generating segment of the market in 2020. This contribution is mainly because of the regulatory mandates for the execution of serialization and aggregation in the healthcare sector ....

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Track And Trace Solutions Market Size Worth $9.7 Billion By 2028: Grand View Research, Inc.

Track And Trace Solutions Market Size Worth $9.7 Billion By 2028: Grand View Research, Inc.
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Track And Trace Solutions Market Size To Reach $8.2 Billion By 2027, Owing To Rising Adoption By Brand Owners To Secure Their Brand Name From Theft & Fake Products

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FELTON, Calif., March 9, 2021 /PRNewswire/ As per the report, the global track and trace solutions market is estimated at USD 8.2 billion by 2027. It is expected to witness 18.5% CAGR during the period of the forecast.
What are the key Drivers of the
track and trace solutions market?
Increasing acceptance of track and trace solutions by the manufacturing companies of healthcare products and devices will power the expansion of the market. The presentation of sophisticated technologies like RFID offers speedy interpretation as well as provides high level of protection.
Mostly, the development is credited to the growing concentration of the biopharmaceutical and pharmaceutical companies to confirm the security of the brand name from the theft and fake products. The employment of track and trace solutions assists the manufacturing companies, to boost the effectiveness of the delivery network and decrease the occurrence ....

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Track And Trace Solutions Market Size To Reach $8.2 Billion By 2027, Owing To Rising Adoption By Brand Owners To Secure Their Brand Name From Theft & Fake Products

Track And Trace Solutions Market Size To Reach $8.2 Billion By 2027, Owing To Rising Adoption By Brand Owners To Secure Their Brand Name From Theft & Fake Products
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Track and Trace Solutions Market To Be Worth $8.1 Bn By 2027 - Media Releases

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Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.
26 February 2021 00:44
Track and Trace Solutions Market To Be Worth $8.1 Bn By 2027
According to a new report titled Track and Trace Solutions Market Insight, Global Industry Perspective, Comprehensive Analysis and Forecast by 2020 – 2027.
The Track and Trace Solutions market will soar to $8.1 billion globally by 2027, registering a CAGR of 17.98% during the forecast period 2020 to 2027
The Track and Trace Solutions Market research report offers market estimates for the period 2016 to 2027, wherein 2016 is a historic period, 2020 is the base year, and 2020 to 2027 is the forecast period. ....

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