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- Increase in adoption of advanced track and trace solutions
, favorable government intervention, and stringent regulations & criteria for the implementation of serialization drive the growth of the global market
PORTLAND, Ore., Feb. 23, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Track and Trace Solutions Market
by Product Type (Hardware Systems and Software Solutions), Technology (Barcode and RFID), Application (Serialization Solutions and Aggregation Solutions), and End User (Pharmaceutical & Biotechnology Companies, Medical Device Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global track and trace solutions industry was estimated at $2.03 billion in 2019, and is expected to hit $6.12 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027. The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing market opportunities.