Cold Chain Temperature Monitoring Market: Key Drivers, Trends, Growth, Outlook, and Forecast 2024-2033

The cold chain temperature monitoring global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Cold Chain Temperature Monitoring Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The cold chain temperature monitoring  market size has grown rapidly in recent years. It will grow from $7.52 billion in 2023 to $8.79 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%.  The  growth in the historic period can be attributed to increased global trade, rising demand for pharmaceutical products, importance of maintaining product quality, growing availability of cold chain logistics, focus on predictive maintenance.

The cold chain temperature monitoring  market size is expected to see rapid growth in the next few years. It will grow to $16.64 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%.  The growth in the forecast period can be attributed to integration of emerging technologies by key players, expansion and enhancement of product portfolios, adoption of innovative temperature monitoring solutions, increasing demand for cold chain tracking in developing countries, focus on automation and cold storage technologies. Major trends in the forecast period include increased use of sensors and data loggers, expansion of software solutions for cold chain monitoring, emphasis on security and safety in monitoring systems, Preference for on premise software solutions, focus on improving operational effectiveness.

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Scope Of Cold Chain Temperature Monitoring Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Cold Chain Temperature Monitoring Market Overview

Market Drivers –

The expansion of e-commerce is expected to propel the growth of the cold chain temperature monitoring market going forward. E-commerce refers to the buying and selling goods and services over an electronic network, primarily the internet. E-commerce expands due to its convenience, technological advancements, and accelerated adoption during the COVID-19 pandemic, enabling businesses to reach a global market while transforming supply chain logistics. Cold chain temperature monitoring systems provide real-time visibility and control over temperature-sensitive products, enabling e-commerce companies to maintain product quality, meet customer expectations, and demonstrate regulatory compliance. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, total e-commerce sales in the USA for 2023 were $1,118.7 billion, an increase of 7.6% from 2022. Therefore, the expansion of e-commerce is driving the growth of the cold chain temperature monitoring market.

Market Trends –

Major companies operating in the chronic care management software market are increasing their focus on developing advanced solutions, such as ConnectedCare365, to gain a competitive edge in the market. ConnectedCare365 is a digital platform designed to remotely track and manage individuals’ health metrics and conditions with chronic diseases, facilitating proactive care delivery and improving health outcomes. For instance, in May 2021, Geisinger, a US-based health and wellness organization, launched ConnectedCare365, an innovative care delivery model. This platform features remote patient monitoring, artificial intelligence integration, data analysis tools, direct communication, patient engagement, coverage of various clinical initiatives, and assistance in transitioning patient care after hospital discharge. Integrating artificial intelligence and data analytics in this system enhances patient outcomes, care coordination, and engagement and sets a new standard in the chronic care management software market by prioritizing personalized care plans, proactive interventions, and cost-effective healthcare delivery.

The cold chain temperature monitoring market covered in this report is segmented –

1) By Hardware: Conventional Temperature Loggers, Real Time Monitoring Devices, Resistance Temperature Detectors, Temperature Indicators, Other Hardware

2) By Software: On Premise, Cloud Based

3) By End User: Fish, Meat And Seafood, Processed Food, Pharmaceuticals, Bakery And Confectionaries, Fruits And Vegetables, Dairy Products, Other End Users

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Regional Insights –

North America was the largest region in the cold chain temperature monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cold chain temperature monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –

Major companies operating in the cold chain temperature monitoring market are Zebra Technologies Corporation, Cryoport Inc., Cold Chain Technologies, Controlant , Sensitech Inc., OMEGA Engineering inc., Luna, Elitech , MOBIQU, Thermo Electric Company Inc., DeltaTrak Inc, Berlinger & Co. AG, Insignia Technologies , Softbox, CargoSense, PakSense, Elpro-Buchs AG, CubeWorks , Infratab Inc., Kedeon , CWD Limited, ORBCOMM, Roambee Corporation, iMatrix Cloud , AeroSafe Global

Table of Contents

1. Executive Summary
2. Cold Chain Temperature Monitoring Market Report Structure
3. Cold Chain Temperature Monitoring Market Trends And Strategies
4. Cold Chain Temperature Monitoring Market – Macro Economic Scenario
5. Cold Chain Temperature Monitoring Market Size And Growth

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27. Cold Chain Temperature Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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