According to the research report titled ‘GLOBAL Track And Trace Solutions Market 2019-2028’, available with Market Study Report, global track and trace solutions market is likely to showcase a y-o-y growth rate of 12.75% through 2028.
 

Favorable regulatory outlook pertaining to serialization implementation coupled with rising number of counterfeit drugs are some of the key factors driving the growth of global track and trace solutions market.
 

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Growing demand from emerging countries in tandem with widespread adoption of blockchain technologies are also adding traction to the overall market size. Despite the several growth factors, high costs associated with the technology and lack of standardized regulations could hamper global track and trace solutions industry remuneration.
 

Considering the geographical landscape, North America currently dominates the overall market in terms of revenue share and is likely to showcase similar expansion in the upcoming years. Favorable regulatory scenario pertaining to serialization deployment coupled with availability of an asdvanced healthcare infrastructure are facilitating the regional business scenario.
 

High concentration of leading companies and rapid expansion of biopharmaceutical and pharmaceutical sector have also allowed North America to emerge as a key revenue generator for worldwide track and trace solutions market.
 

Zebra Technologies Corporation, Xyntek Incorporated, Körber Group, Systech, Siemens AG, TraceLink Inc., SEA Vision S.r.l, Seidenader Maschinenbau GmbH, Optel Vision Inc., rfxcel, Mettler Toledo, Axway Software, Antares Vision S.p.A., and ACG Group are the key competitors in global track and trace solutions market.