U.S. Track And Trace Solutions Market Size & Outlook
U.S. track and trace solutions market, 2017-2030 (US$M)
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U.S. track and trace solutions market highlights
- The U.S. track and trace solutions market generated a revenue of USD 1,050.4 million in 2022 and is expected to reach USD 3,892.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 17.8% 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 1,050.4 million |
| Market revenue in 2030 | USD 3,892.0 million |
| Growth rate | 17.8% (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, U.S. accounted for 29.9% 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 North America, U.S. track and trace solutions market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,122.9 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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U.S. 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 55% in 2022. Horizon Databook has segmented the U.S. track and trace solutions market based on hardware systems, software solutions covering the revenue growth of each sub-segment from 2017 to 2030.
Implementation of the Pharma track and trace bill in the U.S. in 2013 contributed to the growth of the market in North America. Moreover, presence of well-established pharmaceutical, biopharmaceutical, and medical devices companies, such as such as Axway, Adents International, Mettler-Toledo International Inc., Trace Link Inc., and ACG Worldwide, in the U.S and Canada is boosting the adoption of track and trace solutions.
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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 U.S. track and trace solutions market , including forecasts for subscribers. This country databook contains high-level insights into U.S. track and trace solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. track and trace solutions market size, by product, 2017-2030 (US$M)
U.S. Track And Trace Solutions Market Outlook Share, 2022 & 2030 (US$M)
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