Latin America Track And Trace Solutions Market Size & Outlook
Latin America track and trace solutions market, 2017-2030 (US$M)
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Latin America track and trace solutions market highlights
- The Latin America track and trace solutions market generated a revenue of USD 303.2 million in 2022.
- The market is expected to grow at a CAGR of 20.1% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 303.2 million |
| Market revenue in 2030 | USD 1,316.1 million |
| Growth rate | 20.1% (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, Latin America region accounted for 8.6% 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 |
|---|
Latin America 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 56.2% in 2022. Horizon Databook has segmented the Latin America track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
Latin America includes Brazil, Mexico, and other countries. Presence of untapped opportunities in emerging countries such as Brazil and Mexico is expected to propel the growth of the track and trace solutions market in this region during the forecast period.
The demand for serialization and aggregation is increasing in this region owing to the rising incidents of theft and growing number of counterfeit products, which pose serious health hazard. The emerging healthcare industry in this region is expected to witness augmented sales of track and trace solutions in the next few years.
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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 continent-level data and insights on the Latin America track and trace solutions market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America track and trace solutions market size, by country, 2017-2030 (US$M)
Latin America Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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