Europe Track And Trace Solutions Market Size & Outlook
Europe track and trace solutions market, 2017-2030 (US$M)
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Europe track and trace solutions market highlights
- The Europe track and trace solutions market generated a revenue of USD 1,156.2 million in 2022.
- The market is expected to grow at a CAGR of 18.8% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,156.2 million |
| Market revenue in 2030 | USD 4,578.4 million |
| Growth rate | 18.8% (CAGR from 2022 to 2030) |
| Largest segment | Software solutions |
| Fastest growing segment | Hardware Systems |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 32.9% of the global track and trace solutions market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,710.8 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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Europe 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 53.85% in 2022. Horizon Databook has segmented the Europe track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
Europe is the second-largest market for track and trace solutions market, in terms of revenue share, and is expected to remain unaltered till 2028. The can be attributed to the presence of developed economies, such as Germany, Turkey, the UK, France, and Italy, in the region.
The European Union aims to progressively implement track and trace solutions in healthcare supply chain to deal with drug counterfeiting and theft. According to Falsified Medicines Directive, manufactures failing to comply with drug serialization regulations would not be allowed to market their products in Europe.
The track and trace market in this region are expected to witness a high growth during the forecast period owing to the mandatory implementation of track and trace regulations & standards. France is a leader in serialization activities.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe track and trace solutions market , including forecasts for subscribers. This continent databook contains high-level insights into Europe track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe track and trace solutions market size, by country, 2017-2030 (US$M)
Europe Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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