The track & trace market was valued at US$ 10.42 billion in 2022 and is expected to reach US$ 33.48 billion by 2030; it is estimated to record a CAGR of 15.7% from 2022 to 2030.
The track & trace market report emphasizes the key factors driving the market and showcases the developments of prominent players. Tracking is the act of following the movement of a shipment or an asset. Tracing refers to tracking the passage of a shipment, location, or even the temperature of a package. Track & trace solutions strive to create a transparent end-to-end supply chain, allowing relevant parties to know the precise location of items and shipping status on a real-time basis. Moreover, the track & trace system helps enhance the quality of customer service and the efficiency of the logistics network.
Transparency is a significant benefit of track & trace solutions. By having visibility into each step of the supply chain, enterprises can ensure that their products are handled correctly and efficiently. It also holds every party accountable for their part in the supply chain, ensuring that quality and safety standards are met consistently. Additionally, track & trace technology helps identify bottlenecks and inefficiencies in the process. By addressing these issues, companies can streamline their operations, leading to significant cost savings. A report by the Aberdeen Group noted that companies with high supply chain visibility achieved a 3% higher profit margin than those with low visibility. This improvement in efficiency not only saves money but also improves customer satisfaction by ensuring timely deliveries. Such advantages promote track & trace market growth.
The track & trace market is categorized on the basis of component, organization size, application, and end user. Based on component, the market is segmented into hardware, software, and service. The hardware segment has been further segmented into labeling & printing, monitoring & verification, and others. The software segment is subsegmented into line controller, plant manager, and others. Based on organization size, the market is bifurcated into SMEs and large enterprises. In terms of application, the market is segmented into aggregation; serialization; and tracking, tracing, and reporting. Based on end user, the market is segmented into automotive, consumer goods, electronics, life sciences, retail & e-commerce, and others. The scope of the track & trace market report encompasses North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
ACG Group, Axway Software, Mettler Toledo, Open Text Corporation, Optel Group, Sea Vision Srl, Sepasoft Inc, Softgroup AD, Tracelink Inc, and Zebra Technologies Corporation are among the key players that were profiled during the study. Various other companies are introducing new product offerings to contribute to market proliferation. Several other important players were also analyzed during this track & trace market analysis to get a holistic view of the global market and its ecosystem. The leading players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities and increase their global track & trace market share. As per company press releases, below are a few key developments:
In September 2023, Axonify, a leader in frontline employee enablement and Zebra Registered ISV partner, expanded its partnership with Zebra Technologies. In addition to being among the first co-sale partners for Zebra's software solutions, Axonify is also providing Zebra with a new learning platform. Together, Axonify and Zebra will work to bring accessible training to frontline workers directly on the Zebra mobile devices they use every day.
In March 2023, Mettler-Toledo Product Inspection launched a completely automated, full-label inspection service for food manufacturers. The technology inspects 100% of products and shapes and identifies 100% of label data and quality challenges. The new V13 Flat Pack Label Inspection system features bottom inspection functionality. It can also be integrated into the new CV and CMV Combination systems that additionally combine check weighing and metal detection.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Track and Trace Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
 4.3.1 List of Vendors in the Value Chain
5. Track and Trace Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Track and Trace Market - Global Market Analysis
6.1 Track and Trace - Global Market Overview
6.2 Track and Trace - Global Market and Forecast to 2030
7. Track and Trace Market - Revenue Analysis (USD Million) - By Component, 2020-2030
7.1 Overview
7.2 Hardware
 7.2.1 Labeling and Printing
 7.2.2 Monitoring and Verification
 7.2.3 Others
7.3 Software
 7.3.1 Line Controller
 7.3.2 Plant Manager
 7.3.3 Others
7.4 Service
8. Track and Trace Market - Revenue Analysis (USD Million) - By Organization Size, 2020-2030
8.1 Overview
8.2 SMEs
8.3 Large Enterprises
9. Track and Trace Market - Revenue Analysis (USD Million) - By Application, 2020-2030
9.1 Overview
9.2 Aggregation
9.3 Serialization
9.4 Tracking, Tracing and Reporting
10. Track and Trace Market - Revenue Analysis (USD Million) - By End User, 2020-2030
10.1 Overview
10.2 Automotive
10.3 Consumer Goods
10.4 Electronics
10.5 Life Sciences
10.6 Retail and E-Commerce
10.7 Others
11. Track and Trace Market - Revenue Analysis (USD Million), 2020-2030 - Geographical Analysis
11.1 North America
 11.1.1 North America Track and Trace Market Overview
 11.1.2 North America Track and Trace Market Revenue and Forecasts to 2030
 11.1.3 North America Track and Trace Market Revenue and Forecasts and Analysis - By Component
 11.1.4 North America Track and Trace Market Revenue and Forecasts and Analysis - By Organization Size
 11.1.5 North America Track and Trace Market Revenue and Forecasts and Analysis - By Application
 11.1.6 North America Track and Trace Market Revenue and Forecasts and Analysis - By End User
 11.1.7 North America Track and Trace Market Revenue and Forecasts and Analysis - By Countries
 11.1.7.1 United States Track and Trace Market
 11.1.7.1.1 United States Track and Trace Market, by Component
 11.1.7.1.2 United States Track and Trace Market, by Organization Size
 11.1.7.1.3 United States Track and Trace Market, by Application
 11.1.7.1.4 United States Track and Trace Market, by End User
 11.1.7.2 Canada Track and Trace Market
 11.1.7.2.1 Canada Track and Trace Market, by Component
 11.1.7.2.2 Canada Track and Trace Market, by Organization Size
 11.1.7.2.3 Canada Track and Trace Market, by Application
 11.1.7.2.4 Canada Track and Trace Market, by End User
 11.1.7.3 Mexico Track and Trace Market
 11.1.7.3.1 Mexico Track and Trace Market, by Component
 11.1.7.3.2 Mexico Track and Trace Market, by Organization Size
 11.1.7.3.3 Mexico Track and Trace Market, by Application
 11.1.7.3.4 Mexico Track and Trace Market, by End User
 Note - Similar analysis would be provided for below mentioned regions/countries
 
11.2 Europe
 11.2.1 Germany
 11.2.2 France
 11.2.3 Italy
 11.2.4 United Kingdom
 11.2.5 Russia
 11.2.6 Rest of Europe
11.3 Asia-Pacific
 11.3.1 Australia
 11.3.2 China
 11.3.3 India
 11.3.4 Japan
 11.3.5 South Korea
 11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
 11.4.1 South Africa
 11.4.2 Saudi Arabia
 11.4.3 U.A.E
 11.4.4 Rest of Middle East and Africa
11.5 South and Central America
 11.5.1 Brazil
 11.5.2 Argentina
 11.5.3 Rest of South and Central America
12. Industry Landscape
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. Track and Trace Market - Key Company Profiles
14.1 ACG Group
 14.1.1 Key Facts
 14.1.2 Business Description
 14.1.3 Products and Services
 14.1.4 Financial Overview
 14.1.5 SWOT Analysis
 14.1.6 Key Developments
 Note - Similar information would be provided for below list of companies
 
14.2 Axway Software
14.3 METTLER TOLEDO
14.4 Open Text Corporation
14.5 Optel Group
14.6 SEA VISION Srl
14.7 Sepasoft Inc
14.8 SoftGroup AD
14.9 TraceLink Inc
14.10 Zebra Technologies Corp
15. Appendix
15.1 Glossary
15.2 About
15.3 Market Intelligence Cloud
LIST OF TABLES
LIST OF FIGURES
The List of Companies - Track & Trace Market
ACG Group
Axway Software
Mettler Toledo
Open Text Corporation
Optel Group
Sea Vision Srl
Sepasoft Inc
Softgroup AD
Tracelink Inc
Zebra Technologies Corp?