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Track and trace solutions are becoming increasingly popular for tracking certain products or goods all across the world. These solutions offer detailed information pertaining to shipments that traverse international borders. The solutions for track and trace include a label that specifies each commercial unit and carries a code that contains a serial number, as well as a tamper-evident seal attached to the product itself. global track-and-trace solutions market are gaining a lot of popularity in the medical device business because they can offer reliable information on the whereabouts of devices whenever it is required.

The global intrinsically safe equipment market reached a value of US$ 3.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.6 Billion by 2027, exhibiting a CAGR of 7.10% during 2022-2027.

The global 5G in defense market reached a value of US$ 765.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8,952.30 Million by 2027 exhibiting a CAGR of 48.50% during 2022-2027.