Supply Chain Security Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Supply Chain Security Market was valued at USD 2.1 billion in 2023 and is projected to grow at a CAGR of 10% from 2024 to 2032. The surge in cyber threats, coupled with mounting regulatory pressures, is propelling investments in advanced security solutions. As global supply chains become more intricate, there is a pressing need for enhanced visibility and risk management. Technological innovations, particularly AI and blockchain, are not only bolstering protection but also driving efficiency. In June 2024, South Korea unveiled a USD 3.5 billion fund aimed at strengthening supply chain resilience and ensuring economic security.
This move seeks to mitigate challenges posed by global supply chain disruptions, especially given South Korea's reliance on imported critical materials. By channeling investments into infrastructure and security, the fund is poised to bolster the supply chain security market to ensure greater protection and stability in operations. Advanced technologies, notably AI and blockchain, are redefining the security dynamics of supply chains. Businesses are prioritizing real-time monitoring and predictive analytics to bolster threat detection and response.
There is also a pronounced focus on adhering to stringent regulations and enhancing transparency to mitigate vulnerabilities. These technological strides, combined with regulatory demands, are fueling investments in robust and adaptable security solutions across various sectors. The overall industry is divided into component, security, deployment mode, organization size, end-use, and region. The market is segmented by component into software, hardware, and services.
The software solutions dominated with a share exceeding 48% in 2023. These software solutions are increasingly leveraging AI and machine learning for superior threat detection and risk management. Features like advanced analytics and real-time monitoring are now standard, facilitating proactive vulnerability and anomaly identification. Moreover, the rising integration with cloud platforms is providing scalable security options, streamlining data protection and compliance. The market is segmented based on organization size into SMEs and large enterprises.
The large enterprises commanded a significant 72% market share in 2023. These enterprises are gravitating towards integrated security solutions, leveraging advanced analytics, AI, and real-time monitoring to protect their complex supply chains. With a strong focus on risk management and compliance, they are adeptly navigating regulatory landscapes and addressing potential vulnerabilities. North America led the global supply chain security market in 2023, capturing over 38% of the share. Companies in North America are increasingly adopting cloud-based solutions to enhance data protection and visibility across their supply chains.
This trend is driven by regulatory demands and an elevated awareness of cyber threats. Consequently, businesses are investing heavily in comprehensive security platforms to safeguard against data breaches and operational setbacks.
This move seeks to mitigate challenges posed by global supply chain disruptions, especially given South Korea's reliance on imported critical materials. By channeling investments into infrastructure and security, the fund is poised to bolster the supply chain security market to ensure greater protection and stability in operations. Advanced technologies, notably AI and blockchain, are redefining the security dynamics of supply chains. Businesses are prioritizing real-time monitoring and predictive analytics to bolster threat detection and response.
There is also a pronounced focus on adhering to stringent regulations and enhancing transparency to mitigate vulnerabilities. These technological strides, combined with regulatory demands, are fueling investments in robust and adaptable security solutions across various sectors. The overall industry is divided into component, security, deployment mode, organization size, end-use, and region. The market is segmented by component into software, hardware, and services.
The software solutions dominated with a share exceeding 48% in 2023. These software solutions are increasingly leveraging AI and machine learning for superior threat detection and risk management. Features like advanced analytics and real-time monitoring are now standard, facilitating proactive vulnerability and anomaly identification. Moreover, the rising integration with cloud platforms is providing scalable security options, streamlining data protection and compliance. The market is segmented based on organization size into SMEs and large enterprises.
The large enterprises commanded a significant 72% market share in 2023. These enterprises are gravitating towards integrated security solutions, leveraging advanced analytics, AI, and real-time monitoring to protect their complex supply chains. With a strong focus on risk management and compliance, they are adeptly navigating regulatory landscapes and addressing potential vulnerabilities. North America led the global supply chain security market in 2023, capturing over 38% of the share. Companies in North America are increasingly adopting cloud-based solutions to enhance data protection and visibility across their supply chains.
This trend is driven by regulatory demands and an elevated awareness of cyber threats. Consequently, businesses are investing heavily in comprehensive security platforms to safeguard against data breaches and operational setbacks.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Hardware manufacturers
3.2.2 Software developers
3.2.3 Cloud service providers
3.2.4 System integrators
3.2.5 Distributors and resellers
3.2.6 Solution providers
3.2.7 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Technology differentiators
3.7.1 Artificial intelligence and machine learning
3.7.2 Blockchain technology
3.7.3 Internet of things (IoT) integration
3.7.4 Cloud-Native solutions
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Rising cyberattacks drive demand for solutions
3.9.1.2 Real-time visibility mitigates risks effectively
3.9.1.3 Higher transaction volumes require robust security
3.9.1.4 Stricter regulations boost security investments
3.9.2 Industry pitfalls & challenges
3.9.2.1 Expensive solutions can deter investment
3.9.2.2 Risk of exposing sensitive information
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 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 & FORECAST, BY COMPONENT, 2021 - 2032 ($BN)
5.1 Key trends
5.2 Software
5.3 Hardware
5.4 Services
5.4.1 Training & consulting
5.4.2 Integration & deployment
5.4.3 Support & maintenance
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY SECURITY, 2021 - 2032 ($BN)
6.1 Key trends
6.2 Data protection
6.3 Data visibility & governance
6.4 Others
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODE, 2021 - 2032 ($BN)
7.1 Key trends
7.2 Cloud-based
7.3 On-premises
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY ORGANIZATION SIZE, 2021 - 2032 ($BN)
8.1 Key trends
8.2 SME
8.3 Large enterprises
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY END-USE, 2021 - 2032 ($BN)
9.1 Key trends
9.2 FMCG
9.3 Retail
9.4 Healthcare
9.5 Manufacturing
9.6 Transportation and logistics
9.7 Automotive
9.8 Others
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN)
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 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.3.8 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 Southeast Asia
10.4.7 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.5.4 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 Altana AI
11.2 C2A-SEC LTD
11.3 Cold Chain technologies
11.4 Controlant
11.5 ELPRO-BUCHS AG (Bosch)
11.6 Emerson Electric Co.
11.7 FourKites, Inc.
11.8 IBM Corporation
11.9 LogTag Recorders
11.10 Monnit
11.11 Omega Compliance
11.12 Oracle Corporation
11.13 ORBCOMM
11.14 Process Sensing Technologies
11.15 Roambee
11.16 Sensitech
11.17 Signatrol
11.18 Tagbox Solutions
11.19 Testo
11.20 Tive
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definition
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Hardware manufacturers
3.2.2 Software developers
3.2.3 Cloud service providers
3.2.4 System integrators
3.2.5 Distributors and resellers
3.2.6 Solution providers
3.2.7 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Technology differentiators
3.7.1 Artificial intelligence and machine learning
3.7.2 Blockchain technology
3.7.3 Internet of things (IoT) integration
3.7.4 Cloud-Native solutions
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Rising cyberattacks drive demand for solutions
3.9.1.2 Real-time visibility mitigates risks effectively
3.9.1.3 Higher transaction volumes require robust security
3.9.1.4 Stricter regulations boost security investments
3.9.2 Industry pitfalls & challenges
3.9.2.1 Expensive solutions can deter investment
3.9.2.2 Risk of exposing sensitive information
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 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 & FORECAST, BY COMPONENT, 2021 - 2032 ($BN)
5.1 Key trends
5.2 Software
5.3 Hardware
5.4 Services
5.4.1 Training & consulting
5.4.2 Integration & deployment
5.4.3 Support & maintenance
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY SECURITY, 2021 - 2032 ($BN)
6.1 Key trends
6.2 Data protection
6.3 Data visibility & governance
6.4 Others
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODE, 2021 - 2032 ($BN)
7.1 Key trends
7.2 Cloud-based
7.3 On-premises
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY ORGANIZATION SIZE, 2021 - 2032 ($BN)
8.1 Key trends
8.2 SME
8.3 Large enterprises
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY END-USE, 2021 - 2032 ($BN)
9.1 Key trends
9.2 FMCG
9.3 Retail
9.4 Healthcare
9.5 Manufacturing
9.6 Transportation and logistics
9.7 Automotive
9.8 Others
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN)
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 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.3.8 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 Southeast Asia
10.4.7 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.5.4 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 Altana AI
11.2 C2A-SEC LTD
11.3 Cold Chain technologies
11.4 Controlant
11.5 ELPRO-BUCHS AG (Bosch)
11.6 Emerson Electric Co.
11.7 FourKites, Inc.
11.8 IBM Corporation
11.9 LogTag Recorders
11.10 Monnit
11.11 Omega Compliance
11.12 Oracle Corporation
11.13 ORBCOMM
11.14 Process Sensing Technologies
11.15 Roambee
11.16 Sensitech
11.17 Signatrol
11.18 Tagbox Solutions
11.19 Testo
11.20 Tive
