The Europe Track and Trace Solutions Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
The increasing number of recall incidents within industries, such as food, pharmaceutical, and toys, a slew of software, hardware, consultancy, and systems suppliers have emerged in recent years to provide a variety of traceability solutions as well as tools for industry. Radio-frequency identification along with barcodes are two of the most prevalent technologies used to provide traceability.
RFID is majorly connected with track-and-trace systems and is crucial to supply chains. RFID is a code-carrying technology that can be used to enable non-line-of-sight reading in place of a barcode. RFID deployment was previously hampered by cost constraints, but utilization is currently growing as a result of the increasing investments from several large companies as well as SMEs.
Barcoding is a widespread and cost-effective approach for implementing item- and case-level traceability. On the packaging or label, variable data may be encoded as a barcode, numeric code, or alphanumeric code. The secure data can be utilized as a pointer to traceability data and can correlate with production and performance data, such as product quality and time to market.
The European track and trace solutions market is anticipated to expand at an exponential rate due to several factors. This is because the region is home to several developed economies, like Germany, Turkey, the United Kingdom, France, and Italy, among others. In order to combat the problem of pirated and counterfeit drugs as well as other pharmaceutical products throughout the healthcare supply chain, the European Union intends to gradually introduce track and trace technologies
The Germany market dominated the Europe Track and Trace Solutions Market by Country in 2021; thereby, achieving a market value of $597.6 million by 2028. The UK market is exhibiting a CAGR of 9.8% during (2022 - 2028). Additionally, The France market would experience a CAGR of 11.5% during (2022 - 2028).
Based on Product, the market is segmented into Software Solutions, Hardware Components and Standalone Platforms. Based on End User, the market is segmented into Pharmaceutical & Biopharmaceutical Companies, Medical Device Industry, Food Industry, Cosmetic Industry and Others. Based on Application, the market is segmented into Serialization Solutions, Aggregation Solutions and Tracking, Tracing & Reporting Solutions. Based on Technology, the market is segmented into 2D Barcodes, Linear Barcodes and Radiofrequency Identification (RFID). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Track and Trace Solutions Market will Hit $9.1 Billion by 2028, at a CAGR of 11.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Syntegon Technology GmbH, Siemens AG, Videojet Technologies, Inc. (Danaher Corporation), Zebra Technologies Corporation, Mettler-Toledo International, Inc., Systech International, Inc. (Dover Corporation), Optel Group and TraceLink, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Software Solutions
- Hardware Components
- Standalone Platforms
By End User
- Pharmaceutical & Biopharmaceutical Companies
- Medical Device Industry
- Food Industry
- Cosmetic Industry
- Others
By Application
- Serialization Solutions
- Aggregation Solutions
- Tracking, Tracing & Reporting Solutions
By Technology
- 2D Barcodes
- Linear Barcodes
- Radiofrequency Identification (RFID)
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- SAP SE
- Syntegon Technology GmbH
- Siemens AG
- Videojet Technologies, Inc. (Danaher Corporation)
- Zebra Technologies Corporation
- Mettler-Toledo International, Inc.
- Systech International, Inc. (Dover Corporation)
- Optel Group
- TraceLink, Inc.
TABLE 1 Europe Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 2 Europe Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 3 Europe Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 4 Europe Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 5 Europe Software Solutions Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Software Solutions Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Hardware Components Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Hardware Components Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Standalone Platforms Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Standalone Platforms Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 12 Europe Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 13 Europe Pharmaceutical & Biopharmaceutical Companies Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Pharmaceutical & Biopharmaceutical Companies Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Medical Device Industry Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Medical Device Industry Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Food Industry Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Food Industry Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Cosmetic Industry Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Cosmetic Industry Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 24 Europe Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 25 Europe Serialization Solutions Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Serialization Solutions Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Aggregation Solutions Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Aggregation Solutions Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Tracking, Tracing & Reporting Solutions Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Tracking, Tracing & Reporting Solutions Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 32 Europe Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 33 Europe 2D Barcodes Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe 2D Barcodes Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Linear Barcodes Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Linear Barcodes Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Radiofrequency Identification (RFID) Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Radiofrequency Identification (RFID) Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Track and Trace Solutions Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Track and Trace Solutions Market by Country, 2022 - 2028, USD Million
TABLE 41 Germany Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 42 Germany Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 43 Germany Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 44 Germany Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 45 Germany Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 46 Germany Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 47 Germany Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 48 Germany Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 49 Germany Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 50 Germany Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 51 UK Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 52 UK Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 53 UK Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 54 UK Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 55 UK Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 56 UK Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 57 UK Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 58 UK Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 59 UK Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 60 UK Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 61 France Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 62 France Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 63 France Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 64 France Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 65 France Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 66 France Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 67 France Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 68 France Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 69 France Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 70 France Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 71 Russia Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 72 Russia Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 73 Russia Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 74 Russia Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 75 Russia Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 76 Russia Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 77 Russia Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 78 Russia Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 79 Russia Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 80 Russia Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 81 Spain Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 82 Spain Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 83 Spain Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 84 Spain Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 85 Spain Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 86 Spain Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 87 Spain Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 88 Spain Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 89 Spain Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 90 Spain Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 91 Italy Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 92 Italy Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 93 Italy Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 94 Italy Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 95 Italy Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 96 Italy Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 97 Italy Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 98 Italy Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 99 Italy Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 100 Italy Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Track and Trace Solutions Market, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Track and Trace Solutions Market, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Track and Trace Solutions Market by Product, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Track and Trace Solutions Market by Product, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Track and Trace Solutions Market by End User, 2018 - 2021, USD Million
TABLE 106 Rest of Europe Track and Trace Solutions Market by End User, 2022 - 2028, USD Million
TABLE 107 Rest of Europe Track and Trace Solutions Market by Application, 2018 - 2021, USD Million
TABLE 108 Rest of Europe Track and Trace Solutions Market by Application, 2022 - 2028, USD Million
TABLE 109 Rest of Europe Track and Trace Solutions Market by Technology, 2018 - 2021, USD Million
TABLE 110 Rest of Europe Track and Trace Solutions Market by Technology, 2022 - 2028, USD Million
TABLE 111 Key information – IBM Corporation
TABLE 112 Key Information – SAP SE
TABLE 113 Key Information – Siemens AG
TABLE 114 Key Information – Videojet Technologies, Inc.
TABLE 115 Key information – Zebra Technologies Corporation
TABLE 117 Key Information – Sys-Tech Solutions, Inc.
TABLE 118 Key Information – Syntegon Technology GmbH
TABLE 119 Key Information – Optel Group
TABLE 120 Key Information – TraceLink, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation
FIG 3 SWOT Analysis: SAP SE
FIG 4 Swot analysis: Siemens AG