Track and Trace Solutions Market Registering A CAGR Of 19.0% From 2021 To 2028
San Francisco, 10 May 2021: The Report Track And Trace Solutions Market Size, Share & Trends Analysis Report By Product (Hardware, Software), By Technology (Barcodes, RFID), By Application (Serialization, Aggregation), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global track and trace solutions market size is expected to reach USD 9.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.0% from 2021 to 2028. The growth is attributed majorly due to the increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection from counterfeit products and theft. The deployment of a track and trace system helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products. Furthermore, the rising adoption of track and trace systems by healthcare manufacturers would fuel the market growth in th...