Cold chain surveillance market Forecast until 2027

The market for cold chain monitoring solutions has experienced significant growth over the past decade due to increasing global trade and tightening security regulations from governments around the world. The market size was estimated at $7.2 billion in 2020 and it is expected to reach $14.4 billion by 2027, at a compound annual growth rate (CAGR) of 9.3%.

Cold Chain Monitoring is a supply chain monitoring/logistics solution that helps effectively track perishable products, food ingredients, pharmaceuticals and healthcare products with guaranteed freshness. Monitoring and efficient management depend on the hardware and software chosen for monitoring.

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The cold chain surveillance market is an increasingly important sector, growing in size and scope as the world becomes more connected. Cold chain surveillance technology is used to ensure the safe storage, transportation and delivery of food, medicine and other sensitive products. This technology typically includes a combination of hardware and software solutions that monitor real-time temperature, humidity, location, and other factors.

There are several factors driving this growth, including increased investment in innovative technology, greater demand for traceability throughout the supply chain process, strict regulations for food safety standards, and growing concerns about food waste due to spoilage or contamination during transport or storage.

In addition to these factors, the proliferation of cloud-based platforms has enabled companies across all industries to access real-time data on their supply chains, making them better equipped to react quickly to unexpected temperature changes or other conditions that could have a negative impact on theirs product integrity. Cold Chain Monitoring Solutions…