Track and trace solution is a process which is concerned with the distribution and logistics of wide range of product of interests and helps in determining its past and current locations. It mainly consists of serialization and verification software that allows the storage and analyzing of the product for maintaining an optimal supply chain.
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Favorable regulations for implementation of the technology, increasing focus of healthcare product manufacturers on brand protection and growth in the number of packaging related product recalls are the driving factors for the growth of the global track and trace solutions market. While high implementation costs might hinder the overall growth of the global track and trace solutions market.

Competitive Landscape:
The major players in the market are as follows:
1. Antares Vision
2. Mettler-Toledo International Inc.
3. Optel Vision
4. SEA Vision SRL
5. SeidenaderMaschinenbau GmbH
6. Siemens AG
7. Systech International
8. Xyntek Inc.
9. ACG Worldwide
10. Tracelink Inc.
11. Adents International
12. Axway Inc.

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