Global Cold Chain Tracking And Monitoring Market By Type (Hardware, And Software), By Application (Food And Beverages, Pharma & Healthcare, And Others), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2019-2028

“Global Cold Chain Tracking and Monitoring Market” is the title of an upcoming market report compiled by Market.US. Besides critical data and related information, the report will include key trends (both present and future), factors that are expected to influence market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions/countries.

The following document will offer an in-depth analysis of revenues, key developments, and strategies by major industry players including vital insights and perspectives into various aspects of this industry. This report will consist of information, data, and inputs from both primary as well as secondary data sources, that have been verified and validated by experts in this market. Additionally, this document will cover imminent threats or challenges from existing contenders, as well as new industry entrants. The segmentation of the global cold chain tracking and monitoring industry will be presented on the basis of components, applications, end-users, as well as regions/countries.

The global cold chain tracking and monitoring market was valued at $9,677.8 Мn in 2020 and is projected to register а САGR of 14.4% by the year 2030.

Overview:

Cold chain logistics refers to the temperature-controlled transport system of goods such as food, beverages, chemicals, medicines, etc. Companies use cold chain logistics to ensure that products stay in good condition until they reach consumers. Cold chain tracking monitoring systems are used to ensure the safety, freshness, and longevity of products. Certain foods, beverages, chemicals, medicines, etc., must be transported under a specific range of temperatures, in order for products to remain ideal for consumption, and free from any adverse effects.

Dynamics:

The increasing trade activities between developed and developing countries have resulted in a revenue boost for the global cold chain tracking and monitoring market. This is largely attributed to a surge in the import and export of frozen food items, medicines, vaccines, chemicals, etc.

In addition, governments of numerous emerging economies are taking constructive steps towards promoting their respective cold chain systems. A large number of cold chain storages are being built in these nations. This factor has also contributed to the reduction in the wastage of perishable food items.

However, the lack of infrastructure in developing countries, poor connectivity in rural and hilly areas, a shortage of cold storage, unskilled operators, etc., are expected to hinder the financial growth of this market.

Nevertheless, factors such as the increasing number of cold chain storage facilities and the improved capacities of existing cold chain storage facilities in both developed as well as developing economies, are elements anticipated to generate lucrative revenue growth opportunities for key players in this market.

Segmentation of the Global Cold Chain Tracking and Monitoring Market is as follows:

Under the component segment, the hardware sub-segment accounted for the highest number of revenue shares (68.7%) in 2020, and this sub-segment is also expected to register a substantial increase in its revenue growth rate over the forecast period.

However, the software sub-segment is estimated to register the highest CAGR of 14.8% over the forecast period.

The storage sub-segment is projected to be the most profitable in the global cold chain tracking and monitoring industry, with an attractiveness index of 8.2, and is expected to register a CAGR of 15.3% by 2030.

In 2020, the chemical sub-segment contributed to the second-lowest market share of 21.1% in the industry and is expected to register a CAGR of 12.9% over the forecast timeline. Whereas, the food & beverage sub-segment is projected to index the highest CAGR of 16.1%.

Regional Segmentation and Analysis:

The markets in South America and the MEA accounted for 7% and 4% respectively, of the global revenues generated by the cold chain tracking and monitoring industry in 2020. However, markets in the Asia Pacific region are expected to register the highest CAGR over the forecast period.

Segmentation of the Global Cold Chain Tracking and Monitoring Market:

Based on Component:

• Hardware
  • Sensors & Data Loggers
  • RFID Devices
  • Other Devices
• Software
  • On-Premise
  • Cloud-Based

Based on Application:

• Storage
• Transportation

Based on End-Use Industry:

• Food & Beverage
• Healthcare
• Chemical
• Other End-Use Industry

Based on Region:

• North America
• Europe
• APAC
• South America
• MEA

Key Players:

• A.P. Moller-Maersk A/S
• Digi International (SmartSense)
• Orbcomm Inc.
• Savi Technology Inc.
• ELPRO-BUCHS AG.
• OCEASOFT
• Controlant
• Ecoark Holdings Inc.
• Sensitech Inc.
• Berlinger & Co. AG
• Monnit Corporation
• AmeriCold Logistics LLC
• Infratab Inc.