Digitalization is Key for Product Serialization Software Solutions According to New ARC Research
Industry: Technology
New ARC Advisory Group research on the Serialization Software market reveals that rising product theft and counterfeiting are major issues for the more expensive and critical pharmaceuticals as well as some high-value food and beverage products. The need for effective and efficient serialization, which assigns unique identification numbers and tracks the products through the entire supply chain, is driving growth in the global serialization software market.
Dedham, Massachusetts (PRUnderground) March 6th, 2020
New ARC Advisory Group research on the Serialization Software market reveals that rising product theft and counterfeiting are major issues for the more expensive and critical pharmaceuticals as well as some high-value food and beverage products. Serialization, which assigns unique identification numbers and tracks the products through the entire supply chain, has become a regulatory requirement in many countries, including China, Turkey, India,and the US, as well as in Europe and is driving growth in the global serialization software market.
“Digitalization is a key requirement for the modern serialization solutions that are rapidly replacing less-efficient manual processes like email, FAX, and paper documents,” according to Constanze Schmitz, Analyst at ARC Advisory Group and key author of ARC’s Serialization Software Emerging Market Analysis report. “An important aspect is the integrity of the highly complex supply chain not only in the pharmaceutical industry but also in other process industries like the food & beverage, tobacco, and cosmetics industries. It will provide the demanded traceability and bring additional benefits.”
About the Serialization Software Market Research
This ARC research explores current market performance and related technology and business trends, identifies relevant technology suppliers, and provides five-year global forecasts for the serialization software market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, and product segmentation.
This new research is available as a Concise Market Analysis Report (PDF) which provides an executive-level summary of the current market dynamics, market forecasts, and an overview of strategic issues.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
