Market by Product, Technology, Application, End-user, and Country | Forecast 2019-2028
Triton’s report predicts that the Latin American track and trace solutions market is expected to expand at a CAGR of 12.53% during the calculated period 2019-2028.
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The countries scrutinized in this market include:
•       Brazil
•       Mexico
•       Rest of Latin America
In the region, the demand for serialization and aggregation is surging, owing to the rising occurrence of theft and counterfeiting of products. This is opening multiple opportunities for the track and trace solutions market across the region. The emerging healthcare sector is also likely to enhance the sales of track and trace solutions, fueling the studied market’s progress. Among the region’s nations, Brazil is known to have the most challenging track and trace serialization regulation compared to other countries. Additionally, the National System of Drug Control proposed mandatory implementation of track and trace solutions for manufacturers and other supply chain participants. Such stringent regulations indicate a strong growth of the track and trace solutions market in Brazil.
Furthermore, the pharmaceutical industry generates significant revenue in Mexico, making it one of the largest pharma market globally. This sector has been stable with a massive profit margin, although it is undergoing significant transformation in recent times. As per a report by the American Chamber of Commerce of Mexico, it is estimated that eight out of ten people in the country consume counterfeit products, costing the economy billions of dollars. This indicates an urgent need for track and trace solutions to avoid counterfeiting of products. Hence, these factors are expected to augment the expansion of the track and trace solutions market in Mexico.
Siemens AG is a technology company with its primary activating in energy, healthcare, and infrastructure. It functions through different business divisions, including energy management, digital factory, building technologies, and financial services, among others. The company focuses mainly on innovation, which enables it to develop leading products in the market. It has its operations spread across various regions, including Latin America.
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1.   LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET - SUMMARY
2.   INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. KEY INSIGHTS
2.2.1.  RISE IN NUMBER OF PRODUCT RECALLS CREATES DEMAND FOR MARKET
2.2.2.  IOT TECHNOLOGY KEY TO MARKET’S GROWTH
2.2.3.  TRENDS SHOWING GROWTH IN MEDICAL DEVICES AND PHARMACEUTICAL
2.3. EVOLUTION AND TRANSITION OF TRACK AND TRACE SOLUTIONS
2.4. PORTER’S FIVE FORCES ANALYSIS
2.4.1.  THREAT OF NEW ENTRANTS
2.4.2.  THREAT OF SUBSTITUTE
2.4.3.  BARGAINING POWER OF SUPPLIERS
2.4.4.  BARGAINING POWER OF BUYERS
2.4.5.  THREAT OF COMPETITIVE RIVALRY
2.5. MARKET ATTRACTIVENESS INDEX
2.6. VENDOR SCORECARD
2.7. REGULATORY FRAMEWORK
2.8. MARKET DRIVERS
2.8.1.  GROWING NUMBER OF COUNTERFEIT DRUGS
2.8.2.  FAVORABLE REGULATIONS FOR SERIALIZATION IMPLEMENTATION HELPS MARKET GROWTH
2.9. MARKET RESTRAINTS
2.9.1.  HIGH COST OF SOLUTIONS
2.10. MARKET OPPORTUNITIES
2.10.1. BLOCKCHAIN ADOPTION CAN FURTHER INCREASE TRANSPARENCY AND SECURITY
2.11. MARKET CHALLENGES
2.11.1.  LACK OF COMMON STANDARDS
3.   LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY PRODUCT
3.1. HARDWARE SYSTEMS
3.1.1.  PRINTING AND MARKING SOLUTIONS
3.1.2.  MONITORING AND VERIFICATION SOLUTIONS
3.1.3.  LABELING SOLUTIONS
3.1.4.  OTHER HARDWARE SYSTEMS
3.2. SOFTWARE SOLUTIONS
3.2.1.  PLANT MANAGER SOFTWARE
3.2.2.  LINE CONTROLLER SOFTWARE
3.2.3.  BUNDLE TRACKING SOFTWARE
3.2.4.  OTHER SOFTWARE SOLUTIONS
4.   LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY TECHNOLOGY
4.1. BARCODE
4.2. RFID
5.   LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY APPLICATION
5.1. SERIALIZATION SOLUTIONS
5.1.1.  BOTTLE SERIALIZATION
5.1.2.  LABEL SERIALIZATION
5.1.3.  CARTON SERIALIZATION
5.1.4.  DATA MATRIX SERIALIZATION
5.2. AGGREGATION SOLUTIONS
5.2.1.  BUNDLE AGGREGATION
5.2.2.  CASE AGGREGATION
5.2.3.  PALLET AGGREGATION
6.   LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET OUTLOOK - BY END-USER
6.1. PHARMACEUTICAL COMPANIES
6.2. MEDICAL DEVICE COMPANIES
6.3. OTHER END-USERS
7.   LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET - REGIONAL OUTLOOK
7.1. BRAZIL
7.2. MEXICO
7.3. REST OF LATIN AMERICA
8.   COMPETITIVE LANDSCAPE
8.1. ACG GROUP
8.2. ANTARES VISION SPA
8.3. AXWAY
8.4. METTLER-TOLEDO INTERNATIONAL INC
8.5. RFXCEL CORPORATION
8.6. OPTEL GROUP
8.7. SEIDENADER MASCHINENBAU GMBH
8.8. SEA VISION SRL
8.9. TRACELINK INC
8.10. SIEMENS AG
8.11. SYSTECH INTERNATIONAL
8.12. KORBER AG
8.13. XYNTEK INC
8.14. ZEBRA TECHNOLOGIES CORPORATION
9.   METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY
TABLE 1. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 2. MARKET ATTRACTIVENESS INDEX
TABLE 3. VENDOR SCORECARD
TABLE 4. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PRODUCT, 2019-2028 (IN $ MILLION)
TABLE 5. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)
TABLE 6. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)
TABLE 7. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY TECHNOLOGY, 2019-2028 (IN $ MILLION)
TABLE 8. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 9. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)
TABLE 10. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)
TABLE 11. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY END-USER 2019-2028 (IN $ MILLION)
TABLE 12. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE FORCES ANALYSIS
FIGURE 2. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 3. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PRINTING AND MARKING SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 4. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY MONITORING AND VERIFICATION SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 5. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY LABELING SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 6. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY OTHER HARDWARE SYSTEMS, 2019-2028 (IN $ MILLION)
FIGURE 7. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 8. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PLANT MANAGER SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 9. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY LINE CONTROLLER SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 10. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BUNDLE TRACKING SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 11. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY OTHER SOFTWARE SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 12. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BARCODE, 2019-2028 (IN $ MILLION)
FIGURE 13. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY RFID, 2019-2028 (IN $ MILLION)
FIGURE 14. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY SERIALIZATION SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 15. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BOTTLE SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 16. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY LABEL SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 17. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY CARTON SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 18. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY DATA MATRIX SERIALIZATION, 2019-2028 (IN $ MILLION)
FIGURE 19. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY AGGREGATION SOLUTIONS, 2019-2028 (IN $ MILLION)
FIGURE 20. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY BUNDLE AGGREGATION, 2019-2028 (IN $ MILLION)
FIGURE 21. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY CASE AGGREGATION, 2019-2028 (IN $ MILLION)
FIGURE 22. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PALLET AGGREGATION, 2019-2028 (IN $ MILLION)
FIGURE 23. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY PHARMACEUTICAL COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 24. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY MEDICAL DEVICE COMPANIES, 2019-2028 (IN $ MILLION)
FIGURE 25. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, BY OTHER END-USERS, 2019-2028 (IN $ MILLION)
FIGURE 26. LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 27. BRAZIL TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 28. MEXICO TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)
FIGURE 29. REST OF LATIN AMERICA TRACK AND TRACE SOLUTIONS MARKET 2019-2028 (IN $ MILLION)