Cold Chain Tracking and Monitoring Market Overview:
A cold chain is a system that uses temperature-controlled environments from production through distribution, storage, and retail to maintain the quality of products. This facility provides a safe, temperature-controlled environment for sensitive items such as fresh and frozen food products, pharmaceuticals, biologics, chemicals, and vaccines. Currently, the cold chain system is fitted with sensors (IoT), which enables sophisticated real-time data tracking by enabling real-time logistical management of every link. Multiple industries depend on the alerts provided by connected sensors to identify incidents quickly and mitigate any damages or delays with reactive responses. Savi Locate was introduced in May 2019 as the newest addition to Savi Technology’s robust sensor portfolio, which provides objective, accurate, real-time, in-transit visibility data from the broadest range of locations around the world. The cold chain monitoring system has become increasingly important in healthcare, hospitals, labs, clinics, pharmacies, food and beverage, data centers, and other industries. By controlling temperature regulation and monitoring processes, these businesses are able to ensure optimal temperatures throughout the logistics process, ensuring longevity. Additionally, the growth of the packaged food industry and an increase in demand for remotely controlled automated devices in storage facilities are expected to foster new opportunities in this cold chain tracking and monitoring market. An IoT start-up in Florida, Freshurety, uses sensors inside food palettes to continuously monitor the ambient temperature and to analyze fruit and veggie gases to predict the expiration date and prevent food waste. Innovating and focusing on quality, health, and integrity have led to an increase in demand for fresh foods & beverages.In addition, the rise in middle class population in countries such as China and the surge in interest in healthy food is driving cold chains to globalize.
The automotive industry has made some monumental transitions with its integration with AI, machine learning and Internet of Things (IoT). The logistics ecosystem has grown into an intelligent entity which has helped companies provide optimized real-time solutions through remote locations. This has also turned centralization of flow tracking into a possible scenario. Moreover, the advent of AI has assisted in efficiently managing traffic congestions and accidents which has further boosted the proliferation of the transportation industry worldwide. Predictive analysis and big data help in tackling the disruptions in the shipping and transportation systems while also revolutionising logistical analysis and other fields of business.
The Cold Chain Tracking and Monitoring Market is evaluated based on factors such as competitive analysis of the progress of emerging players and new entrants, the business expansion policies of key players, the financial and opportunity analysis of market players. The Cold Chain Tracking and Monitoring Market is also analysed based on the product type or technique, regional segmentation, end user spectrum, etc. This research will be conducted with the implementation of latest market research methodologies which shall help organizations understand the overall market scenario and strategize accordingly.
Major players included in the Cold Chain Tracking and Monitoring Market:
• Americold Logistics, LLC.
• Berlinger & Co. AG
• Controlant
• Hanwell Solutions
• Elpro-buchs AG
• Infratab
• Monnit Corporation
• Orbcomm, Inc.
• Savi Technology
• Sensitech Inc.
(Note: The list of the major players will be updated with the latest market scenario and trends)
Cold Chain Tracking and Monitoring Market Segmentation:
By System
• Hardware
• Software
By Solution
• Storage
• Transportation
By End User
• Healthcare
• Food & Beverage
• Chemical
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Cold Chain Tracking and Monitoring Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Cold Chain Tracking and Monitoring Market By System, By Solution, By End User and By Region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities,)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
In case of any requirements or changes to the current table of content please contact us at:
enquiry@futuremarketanalytics.com
