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     171  0 Kommentare Track & Trace Solutions Market Size is Projected to Reach USD 4,600.36 Million by 2025 - Valuates Reports

    BANGALORE, India, Sept. 18, 2020 /PRNewswire/ -- According to the Latest Market Research Report "Track & Trace Solutions Market by Technology (Barcode, RFID, and D Code), by Product (Hardware, Services, and Software), by Application (Aggregation Solution and Serialization Solution) by End User (Cosmetic Industry, Medical Device Companies, and Pharmaceutical & Biopharmaceutical Companies) and Region – Global Forecast to 2025", published on Valuates Reports.

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    The Global Track & Trace Solutions Market size is expected to grow from USD 2,169.02 Million in 2019 to USD 4,600.36 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 13.34% during the forecast period.

    Major factors driving the growth of Global Track & Trace Solutions Market size are stringent regulations & requirements for the implementation of serialization, growing manufacturers' emphasis on brand safety, growth in the number of product recalls related to packaging, and growth in the medical device industry.

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    TRENDS INFLUENCING THE TRACK & TRACE SOLUTIONS MARKET SIZE

    The Track & Trace Solutions Market size is expected to be fuelled by pharmaceutical and medical device companies' growing deployment. Falsification of drugs is a significant problem faced by the pharmaceutical and biopharmaceutical industries. Companies are, therefore, introducing track and trace solutions for tracking the supply chain.

    Also, strict regulations and requirements pertinent to the introduction and aggregation of serialization are expected to drive the track and trace systems market size.

    The rising focus of manufacturers on Brand Protection is expected to drive Track & Trace Solutions Market size growth. Brand security solutions are seen as the cost of goods sold (COGS) rather than a benefit by offering a major image advantage to both the brand and the brand owner. This thinking mechanism of COGS forces anti-counterfeiting steps.

    View Full Report: https://reports.valuates.com/market-reports/360I-Auto-3K369/the-global ...

    TRACK & TRACE SOLUTIONS MARKET SHARE ANALYSIS

    North America is expected to hold the largest Track & Trace Solutions Market share during the forecast period.  The North American market is largely influenced by the existence of highly controlled requirements for serialization and aggregation, as well as advanced infrastructure for healthcare.

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    Track & Trace Solutions Market Size is Projected to Reach USD 4,600.36 Million by 2025 - Valuates Reports BANGALORE, India, Sept. 18, 2020 /PRNewswire/ - According to the Latest Market Research Report "Track & Trace Solutions Market by Technology (Barcode, RFID, and D Code), by Product (Hardware, Services, and Software), by Application (Aggregation …