Middle East & Africa Track and Trace Solutions Market Forecast to 2030 - Regional Analysis - by Component (Hardware and Software), Enterprise Size (SMEs and Large Enterprise), Application (Serialization and Aggregation), and End Users (Pharmaceutical, Medical Devices, Consumer Goods, Food & Beverages, and Others)
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.
TABLE OF CONTENTS
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
List of Tables
Table 1. Middle East & Africa Track and Trace Solutions Market Segmentation
Table 2. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Table 3. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 4. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Software
Table 5. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Hardware
Table 6. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 7. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by Enterprises Size
Table 8. Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million) - by End Users
Table 9. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 10. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 11. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 12. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 13. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 14. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 15. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 16. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 17. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 18. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 19. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 20. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 21. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 22. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 23. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 24. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 25. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 26. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 27. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Component
Table 28. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Software
Table 29. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Hardware
Table 30. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 31. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by Enterprises Size
Table 32. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million) - by End Users
Table 33. Organic Developments Done by Companies
Table 34. Inorganic Developments Done by Companies
Table 35. Glossary of Terms, Track and Trace Market
List of Figures
Figure 1. Middle East & Africa Track and Trace Solutions Market Segmentation, by Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. Middle East & Africa Track and Trace Solutions Market Revenue (US$ Million), 2020-2030
Figure 4. Middle East & Africa Track and Trace Solutions Market Share (%) - by Component (2022 and 2030)
Figure 5. Software: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 6. Hardware: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 7. Middle East & Africa Track and Trace Solutions Market Share (%) - by Application (2022 and 2030)
Figure 8. Serialization Solution: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Aggregation Solution: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Middle East & Africa Track and Trace Solutions Market Share (%) - by Enterprises Size (2022 and 2030)
Figure 11. SMEs: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Large Enterprises: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Middle East & Africa Track and Trace Solutions Market Share (%) - by End Users (2022 and 2030)
Figure 14. Pharmaceutical: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Medical Devices: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Consumer Goods: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food and Beverages: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: Middle East & Africa Track and Trace Solutions Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Middle East & Africa: Track and Trace Solutions Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 20. Middle East & Africa: Track and Trace Solutions Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. Saudi Arabia: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 22. South Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 23. United Arab Emirates: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 24. Rest of Middle East & Africa: Track and Trace Solutions Market - Revenue and Forecast to 2030(US$ Million)
Figure 25. Growth Strategies Done by the Companies in the Market, (%)
1. SAP SE
2. Korber AG
3. Videojet Technologies Inc
4. rfxcel Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa track and trace solutions market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa track and trace solutions market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa track and trace solutions market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.