Track and Trace Solutions Market Expected To Trigger A Revenue To USD 5.2 Billion By 2025 : Grand View Research Inc.
San Francisco, 14 June 2019: The Report Track and Trace Solutions Market Analysis Report By Product (Hardware, Software), Technology (Barcodes, RFID), Application (Serialization, Aggregation), End-use, And Segment Forecasts, 2018 – 2025 The global track and trace solutions market size is expected to reach USD 5.2 billion by 2025, according to a new report by Grand View Research, Inc. The track and trace solutions market is anticipated to witness a high growth during the forecastperiod from 2016 to 2025. The high growth is attributed to a majority of factors, such as the increasing focus of pharmaceutical & biopharmaceutical companies on ensuring brand protection. The pharmaceuticals & medical devices manufacturers encounter a major threat from counterfeit products and theft. The deployment of track and trace solution helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products. Furthermore, rising ...