Russia Track And Trace Solutions Market Size & Outlook
Russia track and trace solutions market, 2017-2030 (US$M)
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Russia track and trace solutions market highlights
- The Russia track and trace solutions market generated a revenue of USD 84.4 million in 2022 and is expected to reach USD 361.7 million by 2030.
- The Russia market is expected to grow at a CAGR of 20% 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 84.4 million |
| Market revenue in 2030 | USD 361.7 million |
| Growth rate | 20% (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, Russia accounted for 2.4% 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 Europe, Italy track and trace solutions market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 547.1 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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Russia 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 53.55% in 2022. Horizon Databook has segmented the Russia track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
Russia planning to implement a cryptographic approach rather than the EU FMD. Under EU FMD, prescription drugs have to implement two safety features: a unique identifier and an anti-tampering device, whereas, under Russian regulations, it should also have a cryptographic key with the original serial number.
Russia is planning to implement this guideline throughout the pharmaceutical supply chain by January 2020. It can hamper the business for foreign players as they need time to understand the complex laws and regulations in Russian.
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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 Russia track and trace solutions market , including forecasts for subscribers. This country databook contains high-level insights into Russia track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Russia track and trace solutions market size, by product, 2017-2030 (US$M)
Russia Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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