Cybersecurity in Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Cybersecurity in Logistics Market was valued at USD 7.25 billion in 2023 and is projected to grow at a CAGR exceeding 10% from 2024 to 2032. As supply chains become more interconnected, the logistics industry's latest trend emphasizes integrating AI and IoT technologies to strengthen digital defenses. Traditional cybersecurity measures are falling short against these sophisticated threats. AI-driven solutions not only detect threats but also automate responses. Meanwhile, IoT integration ensures real-time monitoring across logistics networks. This blend is vital for boosting resilience and visibility against cyber-attacks.

For instance, a July 2024 report from Transport and Logistics Middle East (TLME) spotlighted a global IT outage due to a flawed CrowdStrike update. This glitch, affecting millions of Windows devices, wreaked havoc on the logistics sector, disrupting major airlines and shipping firms in the Middle East. Such incidents highlight the pressing need for AI and IoT integration to bolster digital resilience.

The overall cybersecurity in logistics industry is categorized based on security type, deployment mode, organization size, application, industry vertical, and region.

With respect to application, the market segments include supply chain management, warehouse management, transportation management, e-commerce logistics, maritime logistics, aviation logistics, and more. The supply chain management segment is projected to surpass USD 5 billion by 2032. Given the intricate nature of modern supply chains, which involve numerous stakeholders and global operations, the susceptibility to cyber threats is heightened. While digital technologies and IoT boost efficiency in supply chain management, they also bring forth vulnerabilities. Thus, investing in cybersecurity becomes paramount to safeguard these digital assets and uphold operational integrity.

Cybersecurity in logistics industry is categorized by deployment mode into on-premises, cloud-based, and hybrid solutions. The cloud-based segment is emerging as the fastest-growing, boasting a CAGR of over 10% from 2024 to 2032. Cloud solutions stand out for their scalability and flexibility, enabling organizations to adjust security resources seamlessly. This feature is especially beneficial for businesses with fluctuating security needs. Moreover, cloud-based cybersecurity often proves more economical than traditional on-premises setups. By adopting a subscription model, organizations can align their security expenditures with their budget, sidestepping hefty capital investments in hardware and software.

In 2023, North America led the global cybersecurity in logistics market, capturing over 35% of the share. The region boasts numerous top-tier cybersecurity firms and tech giants, spearheading the research, development, and deployment of advanced security solutions. Coupled with its robust economic resources, North America's significant investments in cybersecurity technologies and services pave the way for innovative solution development and adoption.

Product Code: 10566

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360? synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Technological advancements in logistics industry
  - 3.8.1.2 Compliance with stringent data protection regulations
  - 3.8.1.3 Increasing frequency of cyberattacks
  - 3.8.1.4 Digital transformation necessitating cybersecurity
  - 3.8.1.5 Strategic partnerships and collaborations
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High costs of cybersecurity implementation
  - 3.8.2.2 Shortage of skilled cybersecurity professionals
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Security Type, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Network security
5.3 Cloud security
5.4 Application security
5.5 Endpoint security
5.6 Identity and access management
5.7 Data security

Chapter 6 Market Estimates and Forecast, By Deployment Mode, 2021 - 2032 (USD million)

6.1 Key trends
6.2 On-premises
6.3 Cloud-based
6.4 Hybrid

Chapter 7 Market Estimates and Forecast, By Organization Size, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Large enterprises
7.3 Small and medium-sized enterprises (SME)

Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032 (USD million)

8.1 Key trends
8.2 Supply chain management
8.3 Warehouse management
8.4 Transportation management
8.5 E-commerce logistics
8.6 Maritime logistics
8.7 Aviation logistics

Chapter 9 Market Estimates and Forecast, By Industry Vertical, 2021 - 2032 (USD million)

9.1 Key trends
9.2 Retail and e-commerce
9.3 Manufacturing
9.4 Healthcare and pharmaceuticals
9.5 Automotive
9.6 Aerospace and defense
9.7 Food and beverage
9.8 Oil and gas
9.9 Others

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Aruba Networks (a Hewlett Packard Enterprise company)
11.2 Check Point Software Technologies Ltd.
11.3 Cisco Systems, Inc.
11.4 CrowdStrike Holdings, Inc.
11.5 CyberArk Software Ltd.
11.6 Darktrace Ltd.
11.7 F5 Networks, Inc.
11.8 FireEye, Inc.
11.9 Forcepoint LLC
11.10 Fortinet, Inc.
11.11 IBM Corporation
11.12 Imperva, Inc.
11.13 Juniper Networks, Inc.
11.14 McAfee, LLC
11.15 Okta, Inc.
11.16 Palo Alto Networks, Inc.
11.17 Proofpoint, Inc.
11.18 Qualys, Inc.
11.19 Rapid7, Inc.
11.20 RSA Security LLC
11.21 Sophos Ltd.
11.22 Symantec Corporation (now part of Broadcom Inc.)
11.23 Tenable, Inc.
11.24 Trend Micro Inc.