REPORT HIGHLIGHT
Supply Chain Security Market size was valued at USD 2,190.3 Million in 2022, expanding at a CAGR of 11.6% from 2023 to 2030.
Supply chain security refers to the efforts and measures taken to protect the products, goods, and services as they move from the manufacturer to the end consumer. The supply chain consists of all the stages of production, transportation, storage, and distribution of a product or service, and security must be ensured at every stage to prevent unauthorized access, tampering, theft, or loss.
Supply Chain Security Market- Market Dynamics:
The supply chain security market is primarily driven by the growing need for security threats. As global trade grows, supply chains become more complex, making them vulnerable to various security threats, including theft, piracy, cyberattacks, and terrorism. This has led to an increased demand for supply chain security solutions to mitigate these risks. Further, governments and regulatory bodies are enforcing strict regulations and standards to ensure supply chain security. For example, the International Organization for Standardization (ISO) has developed the ISO 28000 standard for supply chain security management, which outlines the best practices for managing security risks in supply chains.
Furthermore, with the growth of e-commerce and online transactions, the supply chain has become more complex and vulnerable to cyber threats. This has led to an increased demand for supply chain security solutions to protect online transactions and prevent cyber-attacks. In addition, consumers are becoming more concerned about the safety and origin of the products they purchase. As a result, there is an increasing demand for supply chain security solutions that provide transparency and traceability in the supply chain, allowing consumers to track the origin and safety of the products they purchase.
Supply Chain Security Market- Segmentation Analysis:
- The global Supply Chain Security Market is segmented on the basis of Component, Application, Vertical, and Region.
- The market is divided into three categories based on Component: hardware, software and services. Hardware segment dominates the market. The increasing demand for supply chain security solutions is contributing to segment growth.
- The market is divided into three categories based on Application: data protection, data visibility, and others. The data protection segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for data protection due to rising number of cyber threats.
- The market is divided into six categories based on Vertical: healthcare, retail, automotive, manufacturing, food, and others. The retail segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increasing e-commerce & retail sector.
Supply Chain Security Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America held the largest market share in 2021 and is projected to continue its dominance during the forecast period. The growing demand from retail sector in the U.S. is mainly contributing to market growth.
Supply Chain Security Market- Competitive Landscape:
Due to the high demand for supply chain security in the coming years, the worldwide market for Supply Chain Security is made of both international and local producers, making it one of the most competitive sectors in the world. Companies sell their Components through a variety of channels, including corporate websites. Components makers compete on a variety of aspects, including Gaming performance. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new Component launches, web network development, and mergers and acquisitions. For instance, in 2021, IBM has developed a blockchain-based supply chain solution that provides end-to-end visibility and transparency to help businesses track and manage their supply chain.
Key features of the study:
- This proposed research study on Supply Chain Security market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Supply Chain Security market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Supply Chain Security market
- Impact of COVID-19 on Supply Chain Security market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Supply Chain Security market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Supply Chain Security market, we have also included competitive landscape and key innovator analysis for the Supply Chain Security market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Supply Chain Security market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Supply Chain Security market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SUPPLY CHAIN SECURITY MARKET KEY PLAYERS
- IBM
- Microsoft
- Oracle
- SAP
- Cisco
- DHL
- FedEx
- UPS
- Honeywell
- Siemens
- Symantec
- Fortinet
- Check Point Software Technologies
- McAfee
- Accenture
- Deloitte
GLOBAL SUPPLY CHAIN SECURITY MARKET, BY COMPONENT
- Hardware
- Software
- Services
GLOBAL SUPPLY CHAIN SECURITY MARKET, BY APPLICATION
- Data protection
- Data visibility
- Others
GLOBAL SUPPLY CHAIN SECURITY MARKET, BY VERTICAL
- Healthcare
- Retail
- Automotive
- Manufacturing
- Food
- Others
GLOBAL SUPPLY CHAIN SECURITY MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA