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Cold Chain Monitoring Market Trends

Report ID: GMI7463
Published Date: Nov 2023
Report Format: PDF

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Cold Chain Monitoring Market Trends

The integration of blockchain technology in cold chain monitoring is anticipated to increase. Blockchain can provide an immutable and transparent record of transactions and temperature data throughout the supply chain, ensuring greater traceability and accountability. This trend aligns with the increasing emphasis on transparency and compliance in the transportation and storage of temperature-sensitive goods.

In addition, the adoption of AI and ML in cold chain monitoring solutions may see growth. These technologies can analyze vast amounts of data from sensors and historical patterns to predict and prevent temperature excursions, reducing the risk of product spoilage. Integrating AI and ML can enhance the efficiency of cold chain operations by enabling proactive decision-making and optimizing temperature control processes.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cold chain monitoring reached USD 5.1 billion in 2022 and is set to expand at over 12.5% CAGR from 2023 to 2032, propelled by the increasing global demand for perishable goods, including pharmaceuticals, food and beverages, and other temperature-sensitive items.

The hardware segment is set to witness 11% CAGR from 2023-2032, owing to the rising adoption of cutting-edge technologies for ensuring the integrity of temperature-sensitive products.

North America market accounted for more than over 37% of the revenue share in 2022, attributed to the booming demand for fresh and frozen food products coupled with the rise in e-commerce.

Some major cold chain monitoring companies are Berlinger & Co. AG, Cold Chain Technologies, Inc., Controlant, Descartes Systems Group Inc., Digi International Inc., Elpro-Buchs AG, Emerson Electric Co., Honeywell International Inc., Infratab Inc., Monnit Corporation, and ORBCOMM Inc.