The Global IoT and Traceability for Food & Beverage Manufacturing Market was valued at USD 5.66 billion in 2019 which is expected to reach USD 10.22 billion by 2030at a CAGR 9.4%.
The IoT and Traceability for Food & Beverage Manufacturing is added value to manufacturers, by making the proper decision regarding the demand, product visibility, inventory turnover, forecasting, and sales. Also, IoT, and traceability helps the manufacturers to connect with both upstream consumers, and downstream suppliers and improving vendor relationship. Traceability is defined as the information system which is required to track the history of product from the point of origin to the point of sale via production and shipping processes.
Market Drivers
The increase in demand for food safety, product quality along with customer standards which anticipated to fuelling the global Internet of Things (IoT) and traceability for food & beverage manufacturing market growth over the forecast period. Furthermore, continuous advancements in food and beverage industry will positively influence the market growth in near future. These technologies help to maintain operational efficiency and being compliant with governmental regulations. Also, they helping companies to achieve high level of food safety, streamlined logistics, improve traceability via transparent supply chain, and reduce costs and risks across the different food processing and packaging stages. This is expected to propel the global IoT and traceability for food and beverage manufacturing market growth.
Market Restraints
Lack of standardized interfaces and limited integration and scalability is the major restraint for market growth which expected to hamper the hamper the global IoT and Traceability food and beverage manufacturing market growth during this analysis period.
The Global IoT and Traceability for Food & Beverage Manufacturing Market is segmented into component such as Product, and Software. Further, market is segmented into Supply Chain Management, Traceability, and Product Recall, Consumer Transparency, Food Safety and Quality Control, and Inventory Management.
Also, Global IoT and Traceability for Food & Beverage Manufacturing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as GE Digital, Science Software, HQ Software Industrial IoT Company, Style Lab IoT Software Company, PTC, Cisco, ARM IoT, SAP, and Siemens IoT Analytics Company.
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Component
5.3 Global IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Component 5.3.1 Product
5.3.2 Software
6 Global IoT and Traceability for Food & Beverage Manufacturing Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Application
6.3 Global IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Application 6.3.1 Supply Chain Management 6.3.2 Traceability and Product Recall
6.3.3 Consumer Transparency
6.3.4 Food Safety and Quality Control
6.3.5 Inventory Management
7.1 Global IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Region
7.2 Global IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Region
7.3 Global IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Region
8.1 Introduction
8.2 North America IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Component
8.4 North America IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9.1 Introduction
9.2 Europe IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Component
9.3 Europe IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Application
9.4 Europe IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Country
9.4.1 Germany 9.4.2 France 9.4.3 UK
9.4.4. Rest of Europe
10.1 Introduction
10.2 Asia Pacific IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Component
10.3 Asia Pacific IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Application
10.4 Asia Pacific IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Country
10.4.1 China 10.4.2 Japan 10.4.3 India
10.4.4. Rest of Asia Pacific
11.2 Latin America IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Component
11.3 Latin America IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Application
11.4 Latin America IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Country
12.Middle East IoT and Traceability for Food & Beverage Manufacturing Market Analysis and Forecast (2020 – 2030) 12.1 Introduction
12.2 Middle East IoT and Traceability for Food & Beverage Manufacturing Market Share Analysis, By Component
12.3 Middle East IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Application
12.4 Middle East IoT and Traceability for Food & Beverage Manufacturing Market Size and Forecast, By Country
14.1 ScienceSoft
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Style Lab IoT Software Company
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 HQ Software Industrial IoT Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 PTC
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Cisco
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 ARM IoT
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 GE Digital
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 SAP
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Siemens IoT Analytics Company
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
