North America track and trace solutions market is expected to grow from USD 2.6 billion in 2023to USD 8.6billion by 2030, registering a CAGR of 16.1% during the forecast period ranging from 2025 to 2030

Published Date: Aug, 2024

The North America Track and Trace Solutions Market is expected to grow from USD 2.6 billion to USD 8.6 billion by 2030, registering a CAGR of 16.1% during the forecast period ranging from 2025 to 2030.

The market growth is mainly driven by the growing need to improve supply chain operations and ensure accurate product tracking and timely delivery. The solutions help in increasing visibility of products in transit significantly by using advanced technologies such as RFID, barcode, magnetic stripe, and others for effective product tracking and tracing for better inventory management and regulatory compliance. The main factor that drives the growth of the North America track and trace solutions market is the notable rise in eCommerce industry. This helps in more efficient management of the large volumes of products and order that they handle daily to ensure precise and timely deliveries. Also increasing awareness and demand among consumers for product traceability and transparency especially regarding their authenticity and source drive companies to implement innovative tracking systems to meet their demands. However, the high cost of products is the major constraint to the growth of the North America track and trace solutions market.

Browse 56 market data Tables and 34 Figures spread through 95 Pages and in-depth TOC on North America Track and Trace Solutions Market By Components (Hardware, Software and Standalone), By Enterprise Size (SMEs and Large Enterprises Sections), By Solution (Line and Site-Level Serialization, Cloud Enterprise-Level Traceability, Distribution and Warehouse Solution, Supply Chain Data-Sharing Network and Others), By Technology (2D barcodes, Radiofrequency Identification (RFID), Linear or 1D barcodes), By Application (Serialization, Printing, Labeling and Packaging Inspection, Aggregation, Tracking, Tracing and Reporting), End User (Pharmaceutical and Biopharmaceutical companies, Consumer Packaged Goods, Luxury Goods, Food and Beverage, Medical Device Companies, Contract Manufacturing Organizations, Repackages, Cosmetics Companies and Other) and Distribution Channel (Direct Sales and Third-Party Distributors) and By Geography (Canada, Mexico and The US) - Global Forecast from 2025 to 2030.

North America Track and Trace Solutions Market Segmentation and Key Players

Segment / Key Players

Categorization

Components

Hardware, Software and Standalone

Enterprise Size

SMEs and Large Enterprises Sections

Solution

Line and Site-Level Serialization, Cloud Enterprise-Level Traceability, Distribution and Warehouse Solution, Supply Chain Data-Sharing Network and Others

Technology

2D barcodes, Radiofrequency Identification (RFID), Linear or 1D barcodes

Application

Serialization, Printing, Labeling and Packaging Inspection, Aggregation, Tracking, Tracing and Reporting

End User

Pharmaceutical and Biopharmaceutical companies, Consumer Packaged Goods, Luxury Goods, Food and Beverage, Medical Device Companies, Contract Manufacturing Organizations, Repackages, Cosmetics Companies and Other

Distribution Channel

Direct Sales and Third-Party Distributors

Key Players

SAP SE, Sys-Tech Solutions Inc, Uhlmann Pac-Systeme GmbH & Co KG, Korber AG, Videojet Technologies Inc, WIPOTEC GmbH,Domino Printing Sciences plc, NeuroTags Inc, Catalyx, Kezzler AS, Zebra Technologies Corporation, rfxcel Corp. and Jekson Vison Pvt Ltd.

By component, the software dominate the north america track and trace solutions market

The North America track and trace solutions market is divided by components into hardware and software segments. Software segment hold a larger market share in comparison to the hardware segment due to higher demand.

"The US is projected to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the north america track and trace solutions market.”

The market is divided into three major regions namely, Canada, Mexico, and the US, where the US market will grow due to stringent regulatory frameworks and growing awareness.

The key players of the North America track and trace solutions market include SAP SE, Sys-Tech Solutions Inc, Uhlmann Pac-Systeme GmbH & Co KG, Zebra Technologies Corporation, Korber AG, Videojet Technologies Inc, WIPOTEC GmbH, and more.

Recent developments by Key Players

Recent developments of the market include the launch of the UniSecure platform by Sys-Tech Solutions Inc to offer a better product security solution for detecting counterfeiting and diversion of products. Furthermore, Zebra Technologies Corporation launched PartnerConnect Location and Tracking Specialization to promote RFID and RTLS sales.

North America Track and Trace Solutions Market coverage (By Value)

  • Component Insight and Forecast 2025 - 2030
    • Hardware
    • Software
    • Standalone
  • Enterprise Size Insight and Forecast 2025 - 2030
    • SMEs
    • Large Enterprises Sectionse
  • Application Insight and Forecast 2025 - 2030
    • Serialization
    • Printing
    • Labeling and Packaging Inspection
    • Aggregation
    • Tracking
    • Tracing
    • Reporting
  • End-User Insight and Forecast 2025 - 2030
    • Pharmaceutical and Biopharmaceutical Companies
    • Consumer Packaged Goods
    • Luxury Goods
    • Food and Beverage
    • Medical Device Companies
    • Contract Manufacturing Organizations
    • Repackages
    • Cosmetics Companies
    • Others

Geographical Segmentation

North America Track and Trace Solutions Market by Region

  • Canada
  • Mexico
  • The US