India Track And Trace Solutions Market Size & Outlook
India track and trace solutions market, 2017-2030 (US$M)
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India track and trace solutions market highlights
- The India track and trace solutions market generated a revenue of USD 81.0 million in 2022 and is expected to reach USD 379.0 million by 2030.
- The India market is expected to grow at a CAGR of 21.3% 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 81.0 million |
| Market revenue in 2030 | USD 379.0 million |
| Growth rate | 21.3% (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, India accounted for 2.3% 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 Asia Pacific, China track and trace solutions market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 478.1 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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India 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 53.58% in 2022. Horizon Databook has segmented the India track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
India market is expected to show steady growth over the forecast period. In May 2015, Directorate General of Foreign Trade (India) published a public notice to implement track and trace systems for exporting drugs and other pharmaceuticals.
Indian Government took various initiatives such as Traceability with GS1 standards to protect the brand image of the drugs as the pharmaceutical industry of India is third largest in the world as of 2019. In 2017, Systech partnered with NKP Pharma to expand its track and trace service in India.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India track and trace solutions market , including forecasts for subscribers. This country databook contains high-level insights into India track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India track and trace solutions market size, by product, 2017-2030 (US$M)
India Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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