North America Track And Trace Solutions Market Size & Outlook
North America track and trace solutions market, 2017-2030 (US$M)
Related Markets
North America track and trace solutions market highlights
- The North America track and trace solutions market generated a revenue of USD 1,316.4 million in 2022.
- The market is expected to grow at a CAGR of 18.2% 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, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,316.4 million |
| Market revenue in 2030 | USD 5,014.9 million |
| Growth rate | 18.2% (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, North America region accounted for 37.4% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Track And Trace Solutions Market Scope
Track And Trace Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North 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 54.76% in 2022. Horizon Databook has segmented the North America track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
North America comprises the U.S. and Canada. This region accounted for a share of 38.0% of the global track and trace solutions market owing to the presence of highly regulated serialization & aggregation standards, as well as advanced healthcare infrastructure.
Automatic identification technologies, including barcoding and RFID, are recommended to pharmaceutical and other healthcare companies by the FDA. In September 2013, the Drug Quality and Security Act—H.R. 3204—was passed. This bill, also called Pharma track and trace bill, was approved by Senate as a U.S. federal law effective November 2013.
According to this law, manufacturers, wholesalers, and repackagers are required to provide and/or receive pedigree for each transaction. In addition, manufactures are needed to incorporate a product identifier number on each package and case of prescription drug.
Reasons to subscribe to North America track and trace solutions market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America track and trace solutions market databook
-
Our clientele includes a mix of track and trace solutions market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America track and trace solutions market , including forecasts for subscribers. This continent databook contains high-level insights into North America track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America track and trace solutions market size, by country, 2017-2030 (US$M)
North America Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
