The Latin America, Middle East and Africa Compliance and Traceability Solutions Market would witness market growth of 17.9% CAGR during the forecast period (2022-2028).
Businesses with strong traceability systems can deliver the best product at scale, to the right place and time, with precise customization. Moreover, end-to-end traceability, finance, coordination, and speed of product delivery are issues that blockchain is a potent instrument emerging in today's supply chain operations. Web3 makes a strong case for increasing communication among diverse systems, particularly for the shipping industry.
With a sustainable traceability app, businesses may also satisfy the main sustainability requirements of stakeholders and regulatory requirements. They will also be more resistant to changes in demand and supply. These competencies will lead to strong revenue growth and the creation of new business models. The process of giving outgoing and incoming goods distinctive identities is known as serialization. This facilitates the tracking and tracing product components during the production and sales processes. As a result, using solutions might save the company's time and effort in managing the supply chain.
Given that public spending makes up more than two-thirds of total healthcare spending, one of the main factors influencing the growth of the UAE's healthcare market is the government's commitment to the industry. 15.8 billion (58.931 billion AED) was allocated for public spending in the 2022 federal budget, of which 8.4% will go toward healthcare. The UAE's pharmaceutical industry is expanding quickly. Even though the UAE now imports the majority of its medications, this is starting to change as a result of partnerships between UAE businesses and some of the world's largest pharmaceutical companies to manufacture goods locally. This will support the expansion of the regional market.
The Brazil market dominated the LAMEA Compliance and Traceability Solution Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $119.9 million by 2028. The Argentina market is experiencing a CAGR of 18.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 17.6% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Healthcare, Food & Agriculture, Government, Manufacturing, IT & Telecom, BFSI and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Compliance and Traceability Solutions Market is Projected to reach USD 5.4 Billion by 2028, at a CAGR of 11.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Tata Consultancy Services Ltd., Omron Corporation, Mettler-Toledo International, Inc., Sys-Tech Solutions, Inc. (Dover Corporation), Optel Group, 4CRisk.ai, Agrilyze, Tuleap, and TraceLink, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment Mode
By Organization Size
By Vertical
- Healthcare
- Food & Agriculture
- Government
- Manufacturing
- IT & Telecom
- BFSI
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Tata Consultancy Services Ltd.
- Omron Corporation
- Mettler-Toledo International, Inc.
- Sys-Tech Solutions, Inc. (Dover Corporation)
- Optel Group
- 4CRisk.ai
- Agrilyze
- Tuleap
- TraceLink, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Compliance and Traceability Solution Market, by Component
1.4.2 LAMEA Compliance and Traceability Solution Market, by Deployment Mode
1.4.3 LAMEA Compliance and Traceability Solution Market, by Organization Size
1.4.4 LAMEA Compliance and Traceability Solution Market, by Vertical
1.4.5 LAMEA Compliance and Traceability Solution Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Compliance and Traceability Solution Market by Component
3.1 LAMEA Software Market by Country
3.2 LAMEA Services Market by Country
Chapter 4. LAMEA Compliance and Traceability Solution Market by Deployment Mode
4.1 LAMEA On-premise Market by Country
4.2 LAMEA Cloud Market by Country
Chapter 5. LAMEA Compliance and Traceability Solution Market by Organization Size
5.1 LAMEA Large Enterprises Market by Country
5.2 LAMEA SMEs Market by Country
Chapter 6. LAMEA Compliance and Traceability Solution Market by Vertical
6.1 LAMEA Healthcare Market by Country
6.2 LAMEA Food & Agriculture Market by Country
6.3 LAMEA Government Market by Country
6.4 LAMEA Manufacturing Market by Country
6.5 LAMEA IT & Telecom Market by Country
6.6 LAMEA BFSI Market by Country
6.7 LAMEA Others Market by Country
Chapter 7. LAMEA Compliance and Traceability Solution Market by Country
7.1 Brazil Compliance and Traceability Solution Market
7.1.1 Brazil Compliance and Traceability Solution Market by Component
7.1.2 Brazil Compliance and Traceability Solution Market by Deployment Mode
7.1.3 Brazil Compliance and Traceability Solution Market by Organization Size
7.1.4 Brazil Compliance and Traceability Solution Market by Vertical
7.2 Argentina Compliance and Traceability Solution Market
7.2.1 Argentina Compliance and Traceability Solution Market by Component
7.2.2 Argentina Compliance and Traceability Solution Market by Deployment Mode
7.2.3 Argentina Compliance and Traceability Solution Market by Organization Size
7.2.4 Argentina Compliance and Traceability Solution Market by Vertical
7.3 UAE Compliance and Traceability Solution Market
7.3.1 UAE Compliance and Traceability Solution Market by Component
7.3.2 UAE Compliance and Traceability Solution Market by Deployment Mode
7.3.3 UAE Compliance and Traceability Solution Market by Organization Size
7.3.4 UAE Compliance and Traceability Solution Market by Vertical
7.4 Saudi Arabia Compliance and Traceability Solution Market
7.4.1 Saudi Arabia Compliance and Traceability Solution Market by Component
7.4.2 Saudi Arabia Compliance and Traceability Solution Market by Deployment Mode
7.4.3 Saudi Arabia Compliance and Traceability Solution Market by Organization Size
7.4.4 Saudi Arabia Compliance and Traceability Solution Market by Vertical
7.5 South Africa Compliance and Traceability Solution Market
7.5.1 South Africa Compliance and Traceability Solution Market by Component
7.5.2 South Africa Compliance and Traceability Solution Market by Deployment Mode
7.5.3 South Africa Compliance and Traceability Solution Market by Organization Size
7.5.4 South Africa Compliance and Traceability Solution Market by Vertical
7.6 Nigeria Compliance and Traceability Solution Market
7.6.1 Nigeria Compliance and Traceability Solution Market by Component
7.6.2 Nigeria Compliance and Traceability Solution Market by Deployment Mode
7.6.3 Nigeria Compliance and Traceability Solution Market by Organization Size
7.6.4 Nigeria Compliance and Traceability Solution Market by Vertical
7.7 Rest of LAMEA Compliance and Traceability Solution Market
7.7.1 Rest of LAMEA Compliance and Traceability Solution Market by Component
7.7.2 Rest of LAMEA Compliance and Traceability Solution Market by Deployment Mode
7.7.3 Rest of LAMEA Compliance and Traceability Solution Market by Organization Size
7.7.4 Rest of LAMEA Compliance and Traceability Solution Market by Vertical
Chapter 8. Company Profiles
8.1 SAP SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Tata Consultancy Services Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Omron Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Mettler-Toledo International, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Sys-Tech Solutions, Inc. (Dover Corporation)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.6 Optel Group
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.6.2.3 Acquisition and Mergers:
8.7 4CRisk.ai
8.7.1 Company Overview
8.8 Agrilyze
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 Tuleap
8.9.1 Company Overview
8.10. TraceLink, Inc.
8.10.1 Company Overview
TABLE 1 LAMEA Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 10 LAMEA Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 11 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 LAMEA Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 22 LAMEA Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 23 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Food & Agriculture Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Food & Agriculture Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Compliance and Traceability Solution Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Compliance and Traceability Solution Market by Country, 2022 - 2028, USD Million
TABLE 39 Brazil Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 40 Brazil Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 41 Brazil Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 42 Brazil Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 43 Brazil Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 44 Brazil Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 45 Brazil Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 46 Brazil Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 47 Brazil Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 48 Brazil Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 49 Argentina Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 50 Argentina Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 51 Argentina Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 52 Argentina Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 53 Argentina Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 54 Argentina Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 55 Argentina Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 56 Argentina Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 57 Argentina Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 58 Argentina Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 59 UAE Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 60 UAE Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 61 UAE Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 62 UAE Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 63 UAE Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 64 UAE Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 65 UAE Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 66 UAE Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 67 UAE Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 68 UAE Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 79 South Africa Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 80 South Africa Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 81 South Africa Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 82 South Africa Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 83 South Africa Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 84 South Africa Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 85 South Africa Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 86 South Africa Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 87 South Africa Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 88 South Africa Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 89 Nigeria Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 90 Nigeria Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 91 Nigeria Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 92 Nigeria Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 93 Nigeria Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 94 Nigeria Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 95 Nigeria Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 96 Nigeria Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 97 Nigeria Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 98 Nigeria Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 109 Key Information – SAP SE
TABLE 110 Key Information – Tata Consultancy Services Ltd.
TABLE 111 Key Information – Omron Corporation
TABLE 113 Key Information – Sys-Tech Solutions, Inc.
TABLE 114 Key Information – Optel Group
TABLE 115 Key Information – 4CRisk.ai
TABLE 116 Key Information – Agrilyze
TABLE 117 Key Information – Tuleap
TABLE 118 Key Information – TraceLink, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: SAP SE
FIG 3 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 4 SWOT Analysis: Omron Corporation
FIG 5 Recent strategies and developments: Optel Group