Middle East and Africa Cold Chain Monitoring Market, By Offering (Hardware and Software), Temperature Type (Chilled and Frozen), Logistics (Storage and Logistics), Application (Pharmaceutical and Healthcare, Food and Beverage, Chemicals, Agriculture, Manufacturing, and Others) – Industry Trends and Forecast to 2031.
Middle East and Africa Cold Chain Monitoring Market Analysis and Size
The cold chain monitoring market addresses temperature-sensitive logistics, ensuring product integrity during transport. In the chilled sector, it monitors temperatures above freezing, vital for pharmaceuticals. For frozen goods, it tracks sub-zero temperatures, crucial for ice cream and vaccines. This technology guarantees product safety and quality throughout the supply chain.
Data Bridge Market Research analyses that the Middle East and Africa cold chain monitoring market is growing at a CAGR of 13.8% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa Cold Chain Monitoring Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Segments Covered
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Offering (Hardware and Software), Temperature Type (Chilled and Frozen), Logistics (Storage and Logistics), Application (Pharmaceutical and Healthcare, Food and Beverage, Chemicals, Agriculture, Manufacturing, and Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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ORBCOMM (U.S.), Berlinger & Co. AG (Switzerland), Monnit Corporation (U.S.), Controlant (Iceland), ELPRO-BUCHS AG (Switzerland), Savi Technology (U.S.), Zest Labs, Inc. (U.S.), Infratab Inc. (U.S.), Lineage, Inc. (U.S.), Klinge Corporation (U.S.), DAIKIN INDUSTRIES Ltd. (Japan), Nimble Wireless (U.S.), Safetraces (U.S.), ROTRONIC AG (Switzerland), Mesa Labs, Inc. (U.S.), Blulog (Poland)
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Market Opportunities
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Market Definition
Cold chain monitoring is a systematic process of monitoring and managing the temperature-controlled supply chain, ensuring the integrity of products like pharmaceuticals and perishable goods. It involves real-time tracking, data logging, and alert systems to maintain specified temperature conditions, preventing spoilage, and ensuring product safety and quality.
Middle East and Africa Cold Chain Monitoring Market Dynamics
Drivers
- E-commerce Drives Need for Last-Mile Cold Monitoring
The rise of e-commerce, particularly in the sale of temperature-sensitive products, intensifies the need for robust cold chain monitoring. Ensuring product quality during last-mile deliveries becomes paramount. Cold chain logistics, equipped with real-time monitoring systems, temperature-controlled vehicles, and data analytics, play a crucial role. This emergence reflects the evolving dynamics of supply chains, emphasizing the necessity for effective temperature management to meet consumer expectations and regulatory standards in the rapidly expanding e-commerce market.
- Cold Chain Prevents Perishable Goods Spoilage
Cold chain monitoring is pivotal in preventing spoilage and minimizing economic losses for businesses dealing with perishable goods. By maintaining precise temperature control throughout the supply chain, it ensures the integrity of products, preserving their quality and extending shelf life. Real-time monitoring systems and alert mechanisms help identify and address temperature excursions promptly, reducing the risk of spoilage and enabling businesses to deliver high-quality and safe perishable products to consumers.
Opportunities
- Automation Improves Efficiency and Lessens Human Error
The growing adoption of automation in supply chain management, featuring robotic cold storage and autonomous vehicles, offers substantial opportunities for advanced cold chain monitoring technologies. Integrated systems can ensure precise temperature control and real-time monitoring throughout the automated logistics processes. This trend enhances efficiency, reduces human error, and aligns with the demand for seamless and technology-driven cold chain solutions, providing a competitive edge and meeting the evolving needs of the logistics and transportation industry.
- Logistics Demand Eco-Friendly Cold Chain Solutions
The increasing emphasis on environmental sustainability in logistics necessitates eco-friendly solutions for cold chain transportation. As the demand for reduced carbon footprint gains significance, opportunities emerge for energy-efficient cold chain solutions. Implementing environmentally conscious practices becomes imperative, driving innovation in sustainable logistics, and paving the way for eco-friendly technologies to reshape the cold chain industry towards a more sustainable and greener future.
Restraints/Challenges
- Lack of Standardization Across the Cold Chain Industry
The lack of standardization in the cold chain industry creates challenges as diverse practices and technologies lead to interoperability issues. This complexity hinders the establishment of universal protocols for effective monitoring and management. Without standardized frameworks, achieving seamless integration and efficient communication becomes difficult, potentially slowing down the market's overall growth.
- Limited Connectivity in Remote Areas Hinders Tracking
Limited connectivity in remote areas poses challenges for cold chain monitoring, hindering real-time tracking and communication. In regions lacking robust infrastructure, the inability to ensure continuous monitoring may lead to delays, disruptions, and compromised product integrity. This limitation affects the overall efficiency of cold chain operations and can impede market growth.
This Middle East and Africa cold chain monitoring market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Middle East and Africa cold chain monitoring market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In December 2023, Sensitec partnered with Microsoft Azure, offering cloud-based data management and analytics solutions for the cold chain industry. This collaboration enhances Sensitec's temperature data loggers by integrating Microsoft Azure's advanced cloud capabilities, providing the cold chain sector with efficient and scalable tools for enhanced data management and analytics
- In December 2023, E2M Solutions secured $25 million in Series B funding to expand its cloud-based cold chain traceability technology. This financial backing positions E2M Solutions to enhance its platform, ensuring advanced capabilities, and extend its global reach, reinforcing its commitment to providing innovative solutions for effective cold chain traceability in various industries
- In December 2023, the US Food and Drug Administration (FDA) released draft recommendations endorsing the use of blockchain technology for secure and transparent management of temperature data in the pharmaceutical supply chain. This initiative aims to leverage blockchain's capabilities to enhance traceability, authenticity, and overall integrity of temperature-sensitive pharmaceutical products throughout the supply chain
- In December 2023, Logmore, a cold chain management platform, inaugurated a regional office in Singapore, marking an expansion into the Asia Pacific market. This strategic move positions Logmore to strengthen its presence in the region, offering advanced cold chain management solutions and catering to the growing demand for efficient temperature-controlled logistics in the Asia Pacific
- In May 2023, Tridentify introduced its real-time temperature monitoring system, offering continuous tracking of pharmaceutical product shelf-life and stability. This innovative system aligns with Tridentify's goal of assisting businesses in operational optimization by providing crucial real-time data for informed decision-making in the management and transportation of temperature-sensitive pharmaceuticals
Middle East and Africa Cold Chain Monitoring Market Scope
The Middle East and Africa cold chain monitoring market, is segmented on the basis of offering, temperature type, logistics, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Hardware
- Sensors
- RFID Devices
- Telematics
- Networking Devices
- Others
- Software
- On-Premise
- Cloud-Based
Temperature Type
- Chilled
- Frozen
Logistics
- Storage
- Logistics
Application
- Pharmaceutical and Healthcare
- Vaccines
- Blood Banking
- Food and Beverage
- Fruits and Vegetables
- Fruit Pulp and Concentrates
- Dairy Products
- Milk
- Butter
- Cheese
- Ice cream
- Others
- Fish, Meat, and Seafood
- Processed Food
- Bakery and Confectionary
- Others
- Chemicals
- Agriculture
- Manufacturing
- Others
Middle East and Africa Cold Chain Monitoring Market Regional Analysis/Insights
The Middle East and Africa cold chain monitoring market is analysed and market size insights and trends are provided by offering, temperature type, logistics, and application as referenced above.
The countries covered in the Middle East and Africa cold chain monitoring market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Saudi Arabia is expected to dominate the cold chain monitoring market, driven by increased government support. Efforts to enhance cold chain infrastructure and foster improved trade relations contribute to this projection. The government's commitment reflects a strategic approach to advancing logistics capabilities, ensuring the efficient and secure transportation of temperature-sensitive goods. As a result, the Saudi Arabia market positions itself for substantial expansion in the cold chain monitoring sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Cold Chain Monitoring Market Share Analysis
The Middle East and Africa cold chain monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Middle East and Africa cold chain monitoring market.
Some of the major players operating in the Middle East and Africa cold chain monitoring market are:
- ORBCOMM (U.S.)
- Berlinger & Co. AG (Switzerland)
- Monnit Corporation (U.S.)
- Controlant (Iceland)
- ELPRO-BUCHS AG (Switzerland)
- Savi Technology (U.S.)
- Zest Labs, Inc. (U.S.)
- Infratab Inc. (U.S.)
- Lineage, Inc. (U.S.)
- Klinge Corporation (U.S.)
- DAIKIN INDUSTRIES Ltd. (Japan)
- Nimble Wireless (U.S.)
- Safetraces (U.S.)
- ROTRONIC AG (Switzerland)
- Mesa Labs, Inc. (U.S.)
- Blulog (Poland)
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