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Cold Chain Monitoring Market Worth 6.23 Billion USD by 2022


News provided by

MarketsandMarkets

08 Dec, 2016, 13:30 GMT

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PUNE,India, December 8, 2016 /PRNewswire/ --

The report "Cold Chain Monitoring Market by Component (Hardware: Data Loggers & Sensors, RFID Devices, Telemetry & Telematics, Networking Devices, and Software), Logistics (Storage, and Transportation), Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow from USD 3.11 Billion in 2015 to USD 6.23 Billion by 2022, at a CAGR of 9.84% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )


Browse 72 market data Tables and 60 Figures spread through 151 Pages and in-depth TOC on "Cold Chain Monitoring Market"


http://www.marketsandmarkets.com/Market-Reports/cold-chain-monitoring-market-161738480.html

Early buyers will receive 10% customization on this report.

The strict regulatory environment in the pharmaceutical industry in North America and Europe has promoted the adoption of cold chain monitoring solutions for pharmaceutical and healthcare applications. The increasing demand for quality forces the food industry to incorporate cold chain monitoring solutions in its supply chain. Rapid urbanization worldwide is also driving the growth of the cold chain monitoring market.

Sensors and data loggers to hold the largest share of the cold chain monitoring market for hardware components during the forecast period 

Hardware components used in cold chain monitoring are expected to hold the largest share and dominate the cold chain monitoring market between 2016 and 2022. Among the hardware components, sensors and data loggers are expected to hold the largest share of the of the cold chain monitoring market for hardware components during the forecast period since these components are required to be installed in large numbers to cover the expansive cold chain operations.

Storage logistics held the largest market share in 2015 

Storage logistics is expected to hold the largest market share and dominate the cold chain monitoring market between 2016 and 2022. Storage logistics are required at various stages in a cold chain, starting from the production sites to the final retailers, including the distribution centers. Cold chain monitoring solutions are required to efficiently manage the resources maintained under refrigeration and expedite the movement of goods.

Cold chain monitoring market in APAC to grow at the highest rate during the forecast period 

The Cold Chain Monitoring Market in APAC is expected to grow at the highest rate between 2016 and 2022. This market growth can be attributed to the growing demand for food, increase in population relying on medication, and rapid urbanization worldwide. The cold chain network in this region is likely to grow at a fast rate in the coming years, owing to the technological advancements in cold chain monitoring solutions and growing awareness about the quality of the resources maintained under refrigerated temperatures.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=161738480

The major vendors operating in the cold chain monitoring market include Sensitech, Inc. (U.S.), ORBCOMM (U.S.), Berlinger & Co., AG (Switzerland), Monnit Corp. (U.S.), and ELPRO_BUCHS AG (Switzerland), among others.

Browse Related Reports 

Spoil Detection Based Smart Label Market by Type (Fish, Meat, Vegetables, Dairy Products), and Geography (North America, Europe, APAC, Row) - Global Forecast to 2020


http://www.marketsandmarkets.com/Market-Reports/spoil-detection-based-smart-label-market-148090041.html

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About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Email: sales@marketsandmarkets.com

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