The North America Compliance and Traceability Solutions Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Businesses and the government use digital solutions more frequently to follow the rules and accepted practices. Moreover, with regard to various Technological, financial, or environmental risks, these tools are utilized to assure regulatory compliance. Hence, it is anticipated that rising demand for on-premise and cloud-based compliance and traceability technologies in the IT & telecom, energy and utilities, manufacturing, and BFSI sectors will fuel market expansion. Moreover, problems with prescription fraud are a persistent problem for pharmaceutical and healthcare organizations.
As a result, top healthcare organizations are implementing supply chain monitoring tools and traceability systems. These solutions can also guarantee, safeguard, and enhance consumer connections. Hence, the need for end-to-end traceability is growing rapidly in the IT & telecom, manufacturing, and BFSI sectors. Today's global supply chain needs more insight as businesses expand internationally, partner with new businesses, and move into new areas to meet changing regulatory requirements. For organizations to guarantee product quality, product security, consumer protection, inventory optimization, and on-time market delivery, supply chain transparency has become crucial.
The North American adoption of compliance and traceability solutions would be driven by the expansion of the manufacturing, healthcare, and IT & telecom sectors. In addition, the region is experiencing exponential growth in compliance and traceability solutions due to the availability of tightly controlled aggregation and serialization requirements and cutting-edge healthcare infrastructure. Additionally, in accordance with FDA regulations, the Food Traceability Rule mandates that individuals who produce, process, pack, or hold foods on the Food Traceability List (FTL) maintain and make available to their supply chain partners certain information, referred to as Key Data Elements (KDEs), for a select number of Critical Tracking Events (CTEs) in the supply chain of the food.
The US market dominated the North America 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 $1,366.2 million by 2028. The Canada market is poised to grow at a CAGR of 12.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Compliance and Traceability Solutions Market is Predict to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Compliance and Traceability Solution Market, by Component
1.4.2 North America Compliance and Traceability Solution Market, by Deployment Mode
1.4.3 North America Compliance and Traceability Solution Market, by Organization Size
1.4.4 North America Compliance and Traceability Solution Market, by Vertical
1.4.5 North America 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. North America Compliance and Traceability Solution Market by Component
3.1 North America Software Market by Country
3.2 North America Services Market by Country
Chapter 4. North America Compliance and Traceability Solution Market by Deployment Mode
4.1 North America On-premise Market by Country
4.2 North America Cloud Market by Country
Chapter 5. North America Compliance and Traceability Solution Market by Organization Size
5.1 North America Large Enterprises Market by Country
5.2 North America SMEs Market by Country
Chapter 6. North America Compliance and Traceability Solution Market by Vertical
6.1 North America Healthcare Market by Country
6.2 North America Food & Agriculture Market by Country
6.3 North America Government Market by Country
6.4 North America Manufacturing Market by Country
6.5 North America IT & Telecom Market by Country
6.6 North America BFSI Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Compliance and Traceability Solution Market by Country
7.1 US Compliance and Traceability Solution Market
7.1.1 US Compliance and Traceability Solution Market by Component
7.1.2 US Compliance and Traceability Solution Market by Deployment Mode
7.1.3 US Compliance and Traceability Solution Market by Organization Size
7.1.4 US Compliance and Traceability Solution Market by Vertical
7.2 Canada Compliance and Traceability Solution Market
7.2.1 Canada Compliance and Traceability Solution Market by Component
7.2.2 Canada Compliance and Traceability Solution Market by Deployment Mode
7.2.3 Canada Compliance and Traceability Solution Market by Organization Size
7.2.4 Canada Compliance and Traceability Solution Market by Vertical
7.3 Mexico Compliance and Traceability Solution Market
7.3.1 Mexico Compliance and Traceability Solution Market by Component
7.3.2 Mexico Compliance and Traceability Solution Market by Deployment Mode
7.3.3 Mexico Compliance and Traceability Solution Market by Organization Size
7.3.4 Mexico Compliance and Traceability Solution Market by Vertical
7.4 Rest of North America Compliance and Traceability Solution Market
7.4.1 Rest of North America Compliance and Traceability Solution Market by Component
7.4.2 Rest of North America Compliance and Traceability Solution Market by Deployment Mode
7.4.3 Rest of North America Compliance and Traceability Solution Market by Organization Size
7.4.4 Rest of North America 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 North America Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 2 North America Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 3 North America Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 10 North America Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 11 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 12 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 16 North America Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 17 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 19 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 20 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 22 North America Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 23 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Food & Agriculture Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Food & Agriculture Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 31 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 32 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 33 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 34 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Compliance and Traceability Solution Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Compliance and Traceability Solution Market by Country, 2022 - 2028, USD Million
TABLE 39 US Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 40 US Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 41 US Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 42 US Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 43 US Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 44 US Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 45 US Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 46 US Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 47 US Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 48 US Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 49 Canada Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 50 Canada Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 51 Canada Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 52 Canada Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 53 Canada Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 54 Canada Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 55 Canada Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 56 Canada Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 57 Canada Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 58 Canada Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 59 Mexico Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 60 Mexico Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 61 Mexico Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 62 Mexico Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 63 Mexico Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 64 Mexico Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 65 Mexico Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 66 Mexico Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 67 Mexico Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 68 Mexico Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Rest of North America Compliance and Traceability Solution Market, 2018 - 2021, USD Million
TABLE 70 Rest of North America Compliance and Traceability Solution Market, 2022 - 2028, USD Million
TABLE 71 Rest of North America Compliance and Traceability Solution Market by Component, 2018 - 2021, USD Million
TABLE 72 Rest of North America Compliance and Traceability Solution Market by Component, 2022 - 2028, USD Million
TABLE 73 Rest of North America Compliance and Traceability Solution Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 74 Rest of North America Compliance and Traceability Solution Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 75 Rest of North America Compliance and Traceability Solution Market by Organization Size, 2018 - 2021, USD Million
TABLE 76 Rest of North America Compliance and Traceability Solution Market by Organization Size, 2022 - 2028, USD Million
TABLE 77 Rest of North America Compliance and Traceability Solution Market by Vertical, 2018 - 2021, USD Million
TABLE 78 Rest of North America Compliance and Traceability Solution Market by Vertical, 2022 - 2028, USD Million
TABLE 79 Key Information – SAP SE
TABLE 80 Key Information – Tata Consultancy Services Ltd.
TABLE 81 Key Information – Omron Corporation
TABLE 83 Key Information – Sys-Tech Solutions, Inc.
TABLE 84 Key Information – Optel Group
TABLE 85 Key Information – 4CRisk.ai
TABLE 86 Key Information – Agrilyze
TABLE 87 Key Information – Tuleap
TABLE 88 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