Brazil Track And Trace Solutions Market Size & Outlook
Brazil track and trace solutions market, 2017-2030 (US$M)
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Brazil track and trace solutions market highlights
- The Brazil track and trace solutions market generated a revenue of USD 69.0 million in 2022 and is expected to reach USD 314.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 20.9% from 2023 to 2030.
- In terms of segment, software solutions was the largest revenue generating product in 2022.
- Hardware Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Track and trace solutions market data book summary
| Market revenue in 2022 | USD 69.0 million |
| Market revenue in 2030 | USD 314.0 million |
| Growth rate | 20.9% (CAGR from 2022 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Hardware Systems |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware Systems, Software Solutions |
| Key market players worldwide | Axway, Mettler-Toledo International Inc, TraceLink, Adents, Antares Vision SpA, Siemens AG, Korber AG, Dover Corp, Optimum Interactive USA Ltd, ACG World |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.0% of the global track and trace solutions market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil track and trace solutions market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 314.0 million by 2030.
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Track And Trace Solutions Market Scope
Track And Trace Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil track and trace solutions market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to track and trace solutions market will help companies and investors design strategic landscapes.
Software solutions was the largest segment with a revenue share of 55.51% in 2022. Horizon Databook has segmented the Brazil track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil has a more difficult serialization track and trace regulations compared with other countries. It has a hybrid regulatory model comprising serialization & tracking and government reporting.
In December 2013, the Resolution of the Collegiate Directorate (Brazil) established regulatory requirements for serialization & tracking and reporting of product & transaction data to ANVISA, the Brazilian health regulatory agency.
The National System of Drug Control has proposed mandatory implementation of track and trace solutions by manufacturers and the rest of the supply chain participants in Brazil.
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Our clientele includes a mix of track and trace solutions market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil track and trace solutions market , including forecasts for subscribers. This country databook contains high-level insights into Brazil track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil track and trace solutions market size, by product, 2017-2030 (US$M)
Brazil Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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