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 adoption of track and tr