The Latin America, Middle East and Africa Compliance and Traceability Solutions Market should witness market growth of 17.9% CAGR during the forecast period (2022-2028).
Businesses with strong traceability systems can deliver the best product at scale, to the right place and time, with precise customization. Moreover, end-to-end traceability, finance, coordination, and speed of product delivery are issues that blockchain is a potent instrument emerging in today's supply chain operations. Web3 makes a strong case for increasing communication among diverse systems, particularly for the shipping industry.
With a sustainable traceability app, businesses may also satisfy the main sustainability requirements of stakeholders and regulatory requirements. They will also be more resistant to changes in demand and supply. These competencies will lead to strong revenue growth and the creation of new business models. The process of giving outgoing and incoming goods distinctive identities is known as serialization. This facilitates the tracking and tracing product components during the production and sales processes. As a result, using solutions might save the company's time and effort in managing the supply chain.
Given that public spending makes up more than two-thirds of total healthcare spending, one of the main factors influencing the growth of the UAE's healthcare market is the government's commitment to the industry. 15.8 billion (58.931 billion AED) was allocated for public spending in the 2022 federal budget, of which 8.4% will go toward healthcare. The UAE's pharmaceutical industry is expanding quickly. Even though the UAE now imports the majority of its medications, this is starting to change as a result of partnerships between UAE businesses and some of the world's largest pharmaceutical companies to manufacture goods locally. This will support the expansion of the regional market.
The Brazil market dominated the LAMEA Compliance and Traceability Solution Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $119.9 million by 2028. The Argentina market is experiencing a CAGR of 18.5% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 17.6% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Healthcare, Food & Agriculture, Government, Manufacturing, IT & Telecom, BFSI and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Tata Consultancy Services Ltd., Omron Corporation, Mettler-Toledo International, Inc., Sys-Tech Solutions, Inc. (Dover Corporation), Optel Group, 4CRisk.ai, Agrilyze, Tuleap, and TraceLink, Inc.
Businesses with strong traceability systems can deliver the best product at scale, to the right place and time, with precise customization. Moreover, end-to-end traceability, finance, coordination, and speed of product delivery are issues that blockchain is a potent instrument emerging in today's supply chain operations. Web3 makes a strong case for increasing communication among diverse systems, particularly for the shipping industry.
With a sustainable traceability app, businesses may also satisfy the main sustainability requirements of stakeholders and regulatory requirements. They will also be more resistant to changes in demand and supply. These competencies will lead to strong revenue growth and the creation of new business models. The process of giving outgoing and incoming goods distinctive identities is known as serialization. This facilitates the tracking and tracing product components during the production and sales processes. As a result, using solutions might save the company's time and effort in managing the supply chain.
Given that public spending makes up more than two-thirds of total healthcare spending, one of the main factors influencing the growth of the UAE's healthcare market is the government's commitment to the industry. 15.8 billion (58.931 billion AED) was allocated for public spending in the 2022 federal budget, of which 8.4% will go toward healthcare. The UAE's pharmaceutical industry is expanding quickly. Even though the UAE now imports the majority of its medications, this is starting to change as a result of partnerships between UAE businesses and some of the world's largest pharmaceutical companies to manufacture goods locally. This will support the expansion of the regional market.
The Brazil market dominated the LAMEA Compliance and Traceability Solution Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $119.9 million by 2028. The Argentina market is experiencing a CAGR of 18.5% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 17.6% during (2022-2028).
Based on Component, the market is segmented into Software and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Healthcare, Food & Agriculture, Government, Manufacturing, IT & Telecom, BFSI and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Tata Consultancy Services Ltd., Omron Corporation, Mettler-Toledo International, Inc., Sys-Tech Solutions, Inc. (Dover Corporation), Optel Group, 4CRisk.ai, Agrilyze, Tuleap, and TraceLink, Inc.
Scope of the Study
By Component
- Software
- Services
By Deployment Mode
- On-premise
- Cloud
By Organization Size
- Large Enterprises
- SMEs
By Vertical
- Healthcare
- Food & Agriculture
- Government
- Manufacturing
- IT & Telecom
- BFSI
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Tata Consultancy Services Ltd.
- Omron Corporation
- Mettler-Toledo International, Inc.
- Sys-Tech Solutions, Inc. (Dover Corporation)
- Optel Group
- 4CRisk.ai
- Agrilyze
- Tuleap
- TraceLink, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Compliance and Traceability Solution Market, by Component
1.4.2 LAMEA Compliance and Traceability Solution Market, by Deployment Mode
1.4.3 LAMEA Compliance and Traceability Solution Market, by Organization Size
1.4.4 LAMEA Compliance and Traceability Solution Market, by Vertical
1.4.5 LAMEA Compliance and Traceability Solution Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Compliance and Traceability Solution Market by Component
3.1 LAMEA Software Market by Country
3.2 LAMEA Services Market by Country
Chapter 4. LAMEA Compliance and Traceability Solution Market by Deployment Mode
4.1 LAMEA On-premise Market by Country
4.2 LAMEA Cloud Market by Country
Chapter 5. LAMEA Compliance and Traceability Solution Market by Organization Size
5.1 LAMEA Large Enterprises Market by Country
5.2 LAMEA SMEs Market by Country
Chapter 6. LAMEA Compliance and Traceability Solution Market by Vertical
6.1 LAMEA Healthcare Market by Country
6.2 LAMEA Food & Agriculture Market by Country
6.3 LAMEA Government Market by Country
6.4 LAMEA Manufacturing Market by Country
6.5 LAMEA IT & Telecom Market by Country
6.6 LAMEA BFSI Market by Country
6.7 LAMEA Others Market by Country
Chapter 7. LAMEA Compliance and Traceability Solution Market by Country
7.1 Brazil Compliance and Traceability Solution Market
7.1.1 Brazil Compliance and Traceability Solution Market by Component
7.1.2 Brazil Compliance and Traceability Solution Market by Deployment Mode
7.1.3 Brazil Compliance and Traceability Solution Market by Organization Size
7.1.4 Brazil Compliance and Traceability Solution Market by Vertical
7.2 Argentina Compliance and Traceability Solution Market
7.2.1 Argentina Compliance and Traceability Solution Market by Component
7.2.2 Argentina Compliance and Traceability Solution Market by Deployment Mode
7.2.3 Argentina Compliance and Traceability Solution Market by Organization Size
7.2.4 Argentina Compliance and Traceability Solution Market by Vertical
7.3 UAE Compliance and Traceability Solution Market
7.3.1 UAE Compliance and Traceability Solution Market by Component
7.3.2 UAE Compliance and Traceability Solution Market by Deployment Mode
7.3.3 UAE Compliance and Traceability Solution Market by Organization Size
7.3.4 UAE Compliance and Traceability Solution Market by Vertical
7.4 Saudi Arabia Compliance and Traceability Solution Market
7.4.1 Saudi Arabia Compliance and Traceability Solution Market by Component
7.4.2 Saudi Arabia Compliance and Traceability Solution Market by Deployment Mode
7.4.3 Saudi Arabia Compliance and Traceability Solution Market by Organization Size
7.4.4 Saudi Arabia Compliance and Traceability Solution Market by Vertical
7.5 South Africa Compliance and Traceability Solution Market
7.5.1 South Africa Compliance and Traceability Solution Market by Component
7.5.2 South Africa Compliance and Traceability Solution Market by Deployment Mode
7.5.3 South Africa Compliance and Traceability Solution Market by Organization Size
7.5.4 South Africa Compliance and Traceability Solution Market by Vertical
7.6 Nigeria Compliance and Traceability Solution Market
7.6.1 Nigeria Compliance and Traceability Solution Market by Component
7.6.2 Nigeria Compliance and Traceability Solution Market by Deployment Mode
7.6.3 Nigeria Compliance and Traceability Solution Market by Organization Size
7.6.4 Nigeria Compliance and Traceability Solution Market by Vertical
7.7 Rest of LAMEA Compliance and Traceability Solution Market
7.7.1 Rest of LAMEA Compliance and Traceability Solution Market by Component
7.7.2 Rest of LAMEA Compliance and Traceability Solution Market by Deployment Mode
7.7.3 Rest of LAMEA Compliance and Traceability Solution Market by Organization Size
7.7.4 Rest of LAMEA Compliance and Traceability Solution Market by Vertical
Chapter 8. Company Profiles
8.1 SAP SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Tata Consultancy Services Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 Omron Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Mettler-Toledo International, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Sys-Tech Solutions, Inc. (Dover Corporation)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.6 Optel Group
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.6.2.3 Acquisition and Mergers:
8.7 4CRisk.ai
8.7.1 Company Overview
8.8 Agrilyze
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 Tuleap
8.9.1 Company Overview
8.10. TraceLink, Inc.
8.10.1 Company Overview
Companies Mentioned
- SAP SE
- Tata Consultancy Services Ltd.
- Omron Corporation
- Mettler-Toledo International, Inc.
- Sys-Tech Solutions, Inc. (Dover Corporation)
- Optel Group
- 4CRisk.ai
- Agrilyze
- Tuleap
- TraceLink, Inc.
Methodology
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