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, and to some extent the food & beverage products. Serialization software assigns unique identification numbers and tracks it through the entire supply chain, which has helped in the increase in demand for serialization software. This practice has been in place in countries like China and Turkey for some time now, and more recently, the US, Europe, and India have introduced similar regulations.
“Digitalization is key for serialization solutions compared with manual processes like email, FAX, and paper documents. 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,” according to Constanze Schmitz, Analyst at ARC Advisory Group and key author of ARC’s Serialization Software Emerging Market Analysis report.
About the Serialization Software 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.
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