The Europe Compliance and Traceability Solutions Market should witness market growth of 10.9% CAGR during the forecast period (2022-2028).
The rapid digitalization and adoption of connected devices have led to an increase in the use of compliance and traceability solutions to increase business profitability. Pharmaceutical and healthcare organizations frequently struggle with issues related to drug fraud. Deploying supply chain monitoring technology and traceability systems, as a result, renowned healthcare enterprises. Companies must have the tools necessary to support quicker reaction times for handling potential recalls or avoiding risks posed by fake and counterfeit goods that could damage brands and jeopardize customer safety.
In addition, technology that improves a company's ability to track and monitor items across the supply chain and throughout the product's lifetime must be used. Consumers judge a business on the caliber of its products and how quickly a problem is resolved. Brands foster customer loyalty by being truthful and consistently delivering excellent products and services. When companies ignore customer issues and complaints, they lose customers. When looking into a customer complaint, supply chain traceability is helpful. Also, it is required for both planning and carrying out real recalls.
The development of advanced tracking systems is being fueled by several regional market growth drivers. For instance, the European Telecommunications Standards Institute's (ETSI) efforts favorably influenced the trend. Finally, early adopter sectors have been developed due to EU rules that drive for increased traceability. A manufacturer will also not be allowed to market their goods anywhere in Europe if they violate the legislation governing the serialization of pharmaceuticals. The region is expected to see an increase in the deployment of compliance and traceability solutions due to the prevalence of several strict restrictions on pharmaceutical and medication makers.
The Germany market dominated the Europe 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 $365.3 million by 2028. The UK market is anticipated to grow at a CAGR of 10% during (2022-2028). Additionally, The France market would exhibit a CAGR of 11.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
The rapid digitalization and adoption of connected devices have led to an increase in the use of compliance and traceability solutions to increase business profitability. Pharmaceutical and healthcare organizations frequently struggle with issues related to drug fraud. Deploying supply chain monitoring technology and traceability systems, as a result, renowned healthcare enterprises. Companies must have the tools necessary to support quicker reaction times for handling potential recalls or avoiding risks posed by fake and counterfeit goods that could damage brands and jeopardize customer safety.
In addition, technology that improves a company's ability to track and monitor items across the supply chain and throughout the product's lifetime must be used. Consumers judge a business on the caliber of its products and how quickly a problem is resolved. Brands foster customer loyalty by being truthful and consistently delivering excellent products and services. When companies ignore customer issues and complaints, they lose customers. When looking into a customer complaint, supply chain traceability is helpful. Also, it is required for both planning and carrying out real recalls.
The development of advanced tracking systems is being fueled by several regional market growth drivers. For instance, the European Telecommunications Standards Institute's (ETSI) efforts favorably influenced the trend. Finally, early adopter sectors have been developed due to EU rules that drive for increased traceability. A manufacturer will also not be allowed to market their goods anywhere in Europe if they violate the legislation governing the serialization of pharmaceuticals. The region is expected to see an increase in the deployment of compliance and traceability solutions due to the prevalence of several strict restrictions on pharmaceutical and medication makers.
The Germany market dominated the Europe 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 $365.3 million by 2028. The UK market is anticipated to grow at a CAGR of 10% during (2022-2028). Additionally, The France market would exhibit a CAGR of 11.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Compliance and Traceability Solution Market, by Component
1.4.2 Europe Compliance and Traceability Solution Market, by Deployment Mode
1.4.3 Europe Compliance and Traceability Solution Market, by Organization Size
1.4.4 Europe Compliance and Traceability Solution Market, by Vertical
1.4.5 Europe 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. Europe Compliance and Traceability Solution Market by Component
3.1 Europe Software Market by Country
3.2 Europe Services Market by Country
Chapter 4. Europe Compliance and Traceability Solution Market by Deployment Mode
4.1 Europe On-premise Market by Country
4.2 Europe Cloud Market by Country
Chapter 5. Europe Compliance and Traceability Solution Market by Organization Size
5.1 Europe Large Enterprises Market by Country
5.2 Europe SMEs Market by Country
Chapter 6. Europe Compliance and Traceability Solution Market by Vertical
6.1 Europe Healthcare Market by Country
6.2 Europe Food & Agriculture Market by Country
6.3 Europe Government Market by Country
6.4 Europe Manufacturing Market by Country
6.5 Europe IT & Telecom Market by Country
6.6 Europe BFSI Market by Country
6.7 Europe Others Market by Country
Chapter 7. Europe Compliance and Traceability Solution Market by Country
7.1 Germany Compliance and Traceability Solution Market
7.1.1 Germany Compliance and Traceability Solution Market by Component
7.1.2 Germany Compliance and Traceability Solution Market by Deployment Mode
7.1.3 Germany Compliance and Traceability Solution Market by Organization Size
7.1.4 Germany Compliance and Traceability Solution Market by Vertical
7.2 UK Compliance and Traceability Solution Market
7.2.1 UK Compliance and Traceability Solution Market by Component
7.2.2 UK Compliance and Traceability Solution Market by Deployment Mode
7.2.3 UK Compliance and Traceability Solution Market by Organization Size
7.2.4 UK Compliance and Traceability Solution Market by Vertical
7.3 France Compliance and Traceability Solution Market
7.3.1 France Compliance and Traceability Solution Market by Component
7.3.2 France Compliance and Traceability Solution Market by Deployment Mode
7.3.3 France Compliance and Traceability Solution Market by Organization Size
7.3.4 France Compliance and Traceability Solution Market by Vertical
7.4 Russia Compliance and Traceability Solution Market
7.4.1 Russia Compliance and Traceability Solution Market by Component
7.4.2 Russia Compliance and Traceability Solution Market by Deployment Mode
7.4.3 Russia Compliance and Traceability Solution Market by Organization Size
7.4.4 Russia Compliance and Traceability Solution Market by Vertical
7.5 Spain Compliance and Traceability Solution Market
7.5.1 Spain Compliance and Traceability Solution Market by Component
7.5.2 Spain Compliance and Traceability Solution Market by Deployment Mode
7.5.3 Spain Compliance and Traceability Solution Market by Organization Size
7.5.4 Spain Compliance and Traceability Solution Market by Vertical
7.6 Italy Compliance and Traceability Solution Market
7.6.1 Italy Compliance and Traceability Solution Market by Component
7.6.2 Italy Compliance and Traceability Solution Market by Deployment Mode
7.6.3 Italy Compliance and Traceability Solution Market by Organization Size
7.6.4 Italy Compliance and Traceability Solution Market by Vertical
7.7 Rest of Europe Compliance and Traceability Solution Market
7.7.1 Rest of Europe Compliance and Traceability Solution Market by Component
7.7.2 Rest of Europe Compliance and Traceability Solution Market by Deployment Mode
7.7.3 Rest of Europe Compliance and Traceability Solution Market by Organization Size
7.7.4 Rest of Europe 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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