According to TechSci Research report, “Digital Product Passport Software Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”. The Global Digital Product Passport Software Market was valued at USD 492.14 Million in 2023 and is expected to reach USD 845.25 million by 2029 with a CAGR of 19.27% during the forecast period.
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One of the most significant trends in the global digital product passport software market is the growing adoption of blockchain technology. Blockchain’s decentralized and immutable ledger system offers enhanced security, transparency, and traceability, making it an ideal solution for digital product passports. This technology addresses many of the challenges associated with traditional centralized systems, such as data tampering and lack of trust among supply chain participants. Blockchain technology enables the creation of a secure and transparent digital ledger where every transaction and change to a product’s lifecycle is recorded and verified by multiple nodes in the network. This ensures that the data is accurate, tamper-proof, and easily traceable. For digital product passports, this means that every step of the product’s journey—from raw material sourcing to manufacturing, shipping, and final sale can be documented and verified. This level of transparency is particularly valuable for industries where counterfeiting, fraud, and compliance are major concerns, such as pharmaceuticals, luxury goods, and electronics. Smart contracts—self-executing contracts with the terms of the agreement directly written into code—can be integrated into blockchain-based digital product passports to automate and enforce business processes. For example, smart contracts can trigger automatic payments upon verification of product delivery or compliance with specific conditions, reducing the need for intermediaries and increasing operational efficiency. The increasing focus on sustainability and ethical sourcing is also driving the adoption of blockchain in digital product passports. Consumers and regulatory bodies are demanding greater transparency regarding the environmental and social impact of products. Blockchain technology allows companies to provide verifiable data on the origins of raw materials, fair labor practices, and sustainable manufacturing processes, thereby building consumer trust and complying with regulatory requirements. The interoperability of blockchain with other emerging technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), further enhances its utility in digital product passports. IoT devices can provide real-time data on product conditions, while AI can analyze this data to offer insights and predictions. This integration facilitates more efficient and accurate tracking, monitoring, and management of products throughout their lifecycle.
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Based on Deployment Segment, the On-premises segment dominated the Global Digital Product Passport Software Market, In the global digital product passport software market, the on-premises deployment segment has asserted dominance, driven by several key factors that cater to specific industry needs and preferences. On-premises deployment refers to software solutions installed and operated on the premises of the organization, typically within their own data centers or servers, rather than hosted externally or in the cloud.
One of the primary reasons for the dominance of the on-premises deployment segment is data security and compliance. Many industries, such as healthcare, defense, and government sectors, have stringent regulatory requirements and data privacy concerns that necessitate maintaining full control over sensitive information. By keeping digital product passport software on-premises, organizations can implement robust security measures tailored to their specific needs, ensuring data protection and compliance with regulatory frameworks like GDPR in Europe or HIPAA in the United States.
Certain industries require high levels of customization and integration with existing IT infrastructure. On-premises deployment allows organizations to tailor the digital product passport software to fit their unique workflows, business processes, and IT environments seamlessly. This customization capability enhances operational efficiency and reduces disruption during implementation, as companies can align the software closely with their existing systems and workflows.
Industries handling large volumes of sensitive data or operating in remote locations with limited internet connectivity, on-premises deployment offers advantages in terms of data control, accessibility, and reliability. Organizations can ensure uninterrupted access to critical product information, even in environments where internet connectivity may be unreliable or restricted.
Cost considerations and long-term investment strategies influence the preference for on-premises deployment among certain enterprises. While cloud-based solutions offer scalability and operational flexibility, on-premises deployment can provide cost savings over time, particularly for organizations with predictable workloads and infrastructure already in place. It allows for upfront capital expenditure rather than ongoing operational expenses associated with cloud services.
Despite the growing popularity of cloud-based solutions, the on-premises deployment segment continues to thrive due to its ability to meet specific industry requirements for security, customization, data control, and cost-effectiveness. As digital product passport software evolves to incorporate advanced technologies like blockchain and IoT, on-premises deployment will likely remain a preferred choice for industries prioritizing data sovereignty, compliance, and operational control in managing their product lifecycle information securely and efficiently.
Based on region, Asia Pacific is the fastest-growing region in the global Digital Product Passport (DPP) software market, driven by the increasing focus on sustainability, regulatory requirements, and supply chain transparency. Countries like Japan, China, and India are at the forefront of adopting digital solutions that enable tracking of a product’s lifecycle, from manufacturing to disposal. The growing demand for sustainable practices and circular economy initiatives is accelerating the adoption of DPP software across industries such as electronics, automotive, and consumer goods. In addition, government regulations pushing for greater product traceability and environmental responsibility are further driving market growth. As companies in Asia Pacific strive to meet regulatory standards and enhance supply chain efficiency, the demand for digital product passport solutions is expected to rise sharply. The region’s expanding manufacturing base and technological advancements position it as a key player in the global DPP software market.
Key market players in the Global Digital Product Passport Software Market are following: –
- BILLON GROUP LIMITED
- DNV AS
- iPoint-systems GmbH
- LyondellBasell Industries N.V.
- Kezzler AS.
- Qliktag Software Inc.
- Narravero GmbH
- Spherity GmbH
- Scantrust S.A.
- OPTEL GROUP
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“The global digital product passport software market presents significant opportunities for growth and innovation. Key opportunities include leveraging blockchain technology to enhance data security and transparency, expanding into emerging markets with increasing regulatory requirements for product traceability, and integrating artificial intelligence and IoT for real-time monitoring and analytics. Additionally, there is potential in developing interoperable standards and frameworks that facilitate seamless data exchange across global supply chains. Companies can also capitalize on the rising consumer demand for sustainability and ethical sourcing by offering robust digital product passport solutions that provide verifiable information on product origins and environmental impact.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
Digital Product Passport Software Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Deployment (Cloud-based, On-premises), By Enterprise Size (Small Enterprises, Medium-sized Enterprise, Large Enterprises, Very Large Enterprises), By Industry (Retail, Logistics, Chemical, Automotive, Healthcare, Others), By Region, Competition, 2019-2029F has evaluated the future growth potential of Global Digital Product Passport Software Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Digital Product Passport Software Market.
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