Middle East & Africa Track and Trace Solutions Market Forecast to 2030 - Regional Analysis - by Component, Enterprise Size, Application, and End Users

Description

List of Tables

The Middle East & Africa track and trace solutions market was valued at US$ 337.29 million in 2022 and is expected to reach US$ 1,080.75 million by 2030; it is estimated to register a CAGR of 15.7% from 2022 to 2030.

Continuous Technological Advancements Bolster Middle East & Africa Track and Trace Solutions Market

The rising need for security and safety of products has raised the demands for technically advanced devices. The current trend of devices created a dynamic shift in the market for track and trace solutions. The advancements in sensors, wireless data, and cloud computing are providing food and beverage companies unprecedented levels of visibility as the demand for the same is on the rise.

The available technologies for tracking and tracing include RFID, barcode, magnetic stripe, voice and vision systems, optical character recognition, and biometrics. Several market players have excelled in this emerging field and have gained success for the track and trace solutions.

In January 2022, Mettler-Toledo PCE launched the Integrated Mark & Verify System and Software which helps pharmaceutical to fulfill their compliance requirements. This system and software integrates code marking and verification capabilities into the manufacturers product line and also enables the printing and verification of 1D and 2 D alphanumeric texts as well as codes.

In May 2022, OPTEL Group launched Optchain, a modular intelligent supply chain solution suite for the food & beverages industry. Optchain's track-and-trace technology enables all stakeholders to easily capture and digitize critical tracking events and key data elements during the entire supply chain, whether at the item, case, or pallet packaging levels. Additionally, the track and trace solution is the current trend leading to the maximum use of tracking devices for various industries. Thus, the market will boost significantly in the coming future due to the aforementioned factors.

In June 2022, SEA Vision and Marchesini Group launched a new solution for primary pack serialization and aggregation which includes complete range of technologies to print, inspect, and pack serialized blisters and aggregate them with respective cartons.

Middle East & Africa Track and Trace Solutions Market Overview

The Middle East & Africa track & trace solution market has been segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Saudi Arabia is expected to account for the largest market share and is expected to develop moderately in the Middle East & Africa.

Saudi Postal Corporation works on devising modern strategies and introducing advanced postal services to keep pace with developments in the postal industry. Also, the incorporation of a track and trace system in postal services has been a part of the Vision 2030 of the Saudi government. With this, the government intends to enable the domestic and international tracking of all medicines and healthcare products for human use. A track and trace system is incorporated in operations ranging from the production or import of drugs, food items and consumer goods to finding their endpoint at the consumer end as a part of product serialization in Saudi Arabia. To execute serialization of pharmaceutical products, each stakeholder, including manufacturers and importers, has to register with the Saudi Food and Drug Authority (SFDA) to enable the monitoring of the entire supply chain, ensuring the quick identification of counterfeit drugs, followed by their removal from the supply chain. These all above mentioned factor promote the growth of the market in the future.

Middle East & Africa Track and Trace Solutions Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Track and Trace Solutions Market Segmentation

The Middle East & Africa track and trace solutions market is categorized into component, enterprise size, application, end users, and country.

Based on component, the Middle East & Africa track and trace solutions market is bifurcated into hardware and software. The software segment held a larger Middle East & Africa track and trace solutions market share in 2022. Furthermore, the software segment is subcategorized into plant manager, line controller, and others. Additionally, the hardware segment is subsegmented into barcode scanner, radiofrequency identification (RFID) reader, and others.

In terms of enterprise size, the Middle East & Africa track and trace solutions market is segmented into SMEs and large enterprise. The large enterprise segment held a larger Middle East & Africa track and trace solutions market share in 2022.

By application, the Middle East & Africa track and trace solutions market is divided into serialization solutions and aggregation solutions. The serialization solutions segment held a larger Middle East & Africa track and trace solutions market share in 2022.

In terms of end users, the Middle East & Africa track and trace solutions market is categorized into pharmaceutical, medical devices, consumer goods, food & beverages, and others. The pharmaceutical segment held the largest Middle East & Africa track and trace solutions market share in 2022.

Based on country, the Middle East & Africa track and trace solutions market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa track and trace solutions market share in 2022.

SAP SE, Korber AG, Videojet Technologies Inc, and rfxcel Corp are some of the leading companies operating in the Middle East & Africa track and trace solutions market.

Product Code: BMIRE00030477

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Track and Trace Solutions Market - Key Market Dynamics

4.1 Middle East & Africa Track and Trace Solutions Market - Key Market Dynamics
4.2 Market Drivers
- 4.2.1 Implementation of Serialization to Combat Counterfeit Drugs
- 4.2.2 Increasing Number of Packaging-Related Product Recalls
4.3 Market Restraints
- 4.3.1 High Cost of Products and Implementation
4.4 Market Opportunities
- 4.4.1 Supply Chain Optimization
4.5 Future Trends
- 4.5.1 Continuous Technological Advancements
4.6 Impact of Drivers and Restraints:

5. Track and Trace Solutions Market - Middle East & Africa Market Analysis

5.1 Middle East & Africa Track and Trace Solutions Market Revenue (US$ Million), 2020-2030
5.2 Middle East & Africa Track and Trace Solutions Market Forecast Analysis

6. Middle East & Africa Track and Trace Solutions Market Analysis - by Component

6.1 Software
- 6.1.1 Overview
- 6.1.2 Software: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
6.2 Hardware
- 6.2.1 Overview
- 6.2.2 Hardware: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

7. Middle East & Africa Track and Trace Solutions Market Analysis - by Application

7.1 Serialization Solution
- 7.1.1 Overview
- 7.1.2 Serialization Solution: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Aggregation Solution
- 7.2.1 Overview
- 7.2.2 Aggregation Solution: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

8. Middle East & Africa Track and Trace Solutions Market Analysis - by Enterprises Size

8.1 SMEs
- 8.1.1 Overview
- 8.1.2 SMEs: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Large Enterprises
- 8.2.1 Overview
- 8.2.2 Large Enterprises: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

9. Middle East & Africa Track and Trace Solutions Market Analysis - by End Users

9.1 Pharmaceutical
- 9.1.1 Overview
- 9.1.2 Pharmaceutical: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Medical Devices
- 9.2.1 Overview
- 9.2.2 Medical Devices: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Consumer Goods
- 9.3.1 Overview
- 9.3.2 Consumer Goods: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Food and Beverages
- 9.4.1 Overview
- 9.4.2 Food and Beverages: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)

10. Middle East & Africa Track and Trace Solutions Market - Country Analysis

10.1 Middle East & Africa
- 10.1.1 Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.1.1.1 Saudi Arabia: Track and Trace Solutions Market Breakdown, by Component
    - 10.1.1.1.1.1 Saudi Arabia: Track and Trace Solutions Market Breakdown, by Software
    - 10.1.1.1.1.2 Saudi Arabia: Track and Trace Solutions Market Breakdown, by Hardware
    - 10.1.1.1.2 Saudi Arabia: Track and Trace Solutions Market Breakdown, by Application
    - 10.1.1.1.3 Saudi Arabia: Track and Trace Solutions Market Breakdown, by Enterprises Size
    - 10.1.1.1.4 Saudi Arabia: Track and Trace Solutions Market Breakdown, by End Users
  - 10.1.1.2 South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.1.2.1 South Africa: Track and Trace Solutions Market Breakdown, by Component
    - 10.1.1.2.1.1 South Africa: Track and Trace Solutions Market Breakdown, by Software
    - 10.1.1.2.1.2 South Africa: Track and Trace Solutions Market Breakdown, by Hardware
    - 10.1.1.2.2 South Africa: Track and Trace Solutions Market Breakdown, by Application
    - 10.1.1.2.3 South Africa: Track and Trace Solutions Market Breakdown, by Enterprises Size
    - 10.1.1.2.4 South Africa: Track and Trace Solutions Market Breakdown, by End Users
  - 10.1.1.3 United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.1.3.1 United Arab Emirates: Track and Trace Solutions Market Breakdown, by Component
    - 10.1.1.3.1.1 United Arab Emirates: Track and Trace Solutions Market Breakdown, by Software
    - 10.1.1.3.1.2 United Arab Emirates: Track and Trace Solutions Market Breakdown, by Hardware
    - 10.1.1.3.2 United Arab Emirates: Track and Trace Solutions Market Breakdown, by Application
    - 10.1.1.3.3 United Arab Emirates: Track and Trace Solutions Market Breakdown, by Enterprises Size
    - 10.1.1.3.4 United Arab Emirates: Track and Trace Solutions Market Breakdown, by End Users
  - 10.1.1.4 Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.1.4.1 Rest of Middle East & Africa: Track and Trace Solutions Market Breakdown, by Component
    - 10.1.1.4.1.1 Rest of Middle East & Africa: Track and Trace Solutions Market Breakdown, by Software
    - 10.1.1.4.1.2 Rest of Middle East & Africa: Track and Trace Solutions Market Breakdown, by Hardware
    - 10.1.1.4.2 Rest of Middle East & Africa: Track and Trace Solutions Market Breakdown, by Application
    - 10.1.1.4.3 Rest of Middle East & Africa: Track and Trace Solutions Market Breakdown, by Enterprises Size
    - 10.1.1.4.4 Rest of Middle East & Africa: Track and Trace Solutions Market Breakdown, by End Users

11. Industry Landscape

11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
- 11.3.1 Overview
11.4 Inorganic Developments
- 11.4.1 Overview

12. Company Profiles

12.1 SAP SE
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Korber AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Videojet Technologies Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 rfxcel Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments

13. Appendix

13.1 About Us
13.2 Glossary of Terms