UK Track And Trace Solutions Market Size & Outlook
UK track and trace solutions market, 2017-2030 (US$M)
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UK track and trace solutions market highlights
- The UK track and trace solutions market generated a revenue of USD 75.2 million in 2022 and is expected to reach USD 315.9 million by 2030.
- The UK market is expected to grow at a CAGR of 19.7% 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 75.2 million |
| Market revenue in 2030 | USD 315.9 million |
| Growth rate | 19.7% (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, UK accounted for 2.1% 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 |
|---|
UK 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 52.93% in 2022. Horizon Databook has segmented the UK track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
The Department of Health recognizes the need for tracking systems in healthcare and had mandated that all hospitals, trusts, and their suppliers in England must comply with GS1 standards by February 2018.
The UK government is currently under process to implement these regulations, with the main objective of reducing entry of falsified medicine in supply chain. Thus, increase in number of government policies and regulations encouraging implementation of tracking solutions in healthcare is expected to propel market growth.
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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 UK track and trace solutions market , including forecasts for subscribers. This country databook contains high-level insights into UK track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK track and trace solutions market size, by product, 2017-2030 (US$M)
UK Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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