The global demand for Cold Chain Tracking and Monitoring Market is presumed to reach the market size of nearly USD 15.69 MN by 2028 from USD 6.84 MN in 2021 with a CAGR of 12.58% under the study period 2022 - 2028.
Cold chain tracking and monitoring refer to the logistics or supply chain monitoring solutions that use IoT(Internet of things) technology and real-time analytics to track temperature-sensitive products and mitigate the risk of any possible damage. It tracks shipment location and transport stages and provides different automated reports for monitoring. It assists enterprises in accessing and monitoring real-time data. It reduces the risk of spoilage and contamination and elevates the product's shelf life. It is used in numerous industries like agriculture, pharma, warehouse, blood banks, food storage etc. It increases productivity, inventory accuracy and efficiency of the supply chain.
The key factor driving the demand for cold chain tracking and monitoring market is the increasing demand for temperature-sensitive drugs, including vaccines. Rising awareness about preserving food and beverages in the supply chain is contributing to the growth of this market. The warehouse assets can be controlled in a better way with the adoption of automation and cold storage technologies; this is expected to scale up the growth opportunities for this market. Growing investments by private organizations and the government in this region are further pushing the demand for this market. The rising need to lessen the spoilage and wastage of food is propelling the demand for this market. However, the complexities of installing and monitoring cold chain monitoring solutions may obstruct the demand for this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cold chain tracking and monitoring. The growth and trends of cold chain tracking and monitoring industry provide a holistic approach to this study.
This section of the cold chain tracking and monitoring market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Logistic Solution
By End User
- Food And Beverage
This section covers the regional outlook, which accentuates current and future demand for the Cold Chain Tracking and Monitoring market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cold Chain Tracking and Monitoring Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cold chain tracking and monitoring market include Thales Group, Emerson Electric Co, NXP Semiconductor NV, Haier Biomedical, Sensitech Inc., Orbcomm, Inc, Omega Engineering Inc., Controlant, Cold Chain Technologies, Testo, Hanwell Solutions Ltd, Infratab, Inc., Rotronic AG, Signatrol, Ltd, Monnit Corporation, Zest Labs, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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